In 2021, the presswood pallets market was estimated to be worth US$ 2.9 Bn. From 2022 to 2032, the presswood pallets market is projected to grow at a 5.8% CAGR and reach a value of US$ 5.4 Bn.
Presswood pallets, also known as molded wooden pallets or compressed wood pallets, are a popular alternative to traditional wooden pallets. These pallets are made from wood particles and resin, which are compressed together to form a strong and durable pallet. Presswood pallets have several advantages over traditional wooden pallets, including lower weight, lower cost, and improved sustainability.
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One of the primary advantages of presswood pallets is their lower weight. Presswood pallets are typically much lighter than traditional wooden pallets, making them easier to handle and transport. This is particularly important for air freight, where the weight of the pallet can significantly impact shipping costs. Additionally, presswood pallets have a consistent weight and size, which can help to optimize shipping and storage space.
Another advantage of presswood pallets is their lower cost. Presswood pallets are generally less expensive to produce than traditional wooden pallets, as they require less wood and can be made using automated production methods. Additionally, because presswood pallets are lighter than traditional pallets, they can help to reduce shipping costs.
Finally, presswood pallets are more sustainable than traditional wooden pallets. Presswood pallets are made from wood particles and resin, which are sourced from sustainable forests and recycled wood waste. Additionally, presswood pallets are fully recyclable and can be broken down into wood fibers, which can be used to make new pallets or other wood-based products.
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Overall, presswood pallets offer a number of advantages over traditional wooden pallets, including lower weight, lower cost, and improved sustainability. As such, they are expected to become increasingly popular in the coming years, particularly in industries such as logistics, manufacturing, and retail.
Competitive Landscape
The presswood pallets market is highly fragmented in nature with the presence of a large number of companies across the globe. Key players are focusing on expanding their presence by launching new products. A few other companies are engaging in research and development activities to create novel products and generate high shares.
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Some of the recent developments in the presswood pallets market are –
- In July 2020, Associated Pallets clarified that its products are made from a combination of hardwood and softwood as this type of products have the inbuilt strength required for transportation and storage of products. The company also manufactures its products by keeping up with all the ISO high quality standards.
Key Players:
- Millwood, Inc.
- Litco International, Inc.,
- Inka Paletten GmbH,
- Acorn Packaging Services Ltd.
- Associated Pallets Ltd.
- SDI Packaging
- The Nelson Company
- Schoeller allibert services
Global Presswood Pallets Market Outlook by Category
By Product Type:
- Nestable Pallet/Stackable Pallet
- Rackable Pallet
By Size:
- Full-size Presswood Pallet
- Half-size Presswood Pallet
- Quarter-size Presswood Pallet
By End Use:
- Manufacturing & Warehousing
- Food & Beverages
- Chemicals
- Automotive
- Pharmaceuticals
- Others
- Logistics & Transportation
- Building & Construction
- Others
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa
- East Asia
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