The global pallet pooling market is expected to reach US$ 7.1 billion by 2022. The market is expected to grow at a 6.1% CAGR, with sales reaching US$ 12.9 billion by 2032.
Pallet pooling is preferred by warehouse operators because it saves time and resources associated with repairing, maintaining, and sorting individual pallets. Furthermore, by storing and transporting similar types of pallets together, warehouse operators can save money.
This will drive the market in the coming years. The demand for pallet pooling solutions in warehouses grows in lockstep with the global expansion of the manufacturing sector.
Sales in the pallet pooling market are expected to rise in tandem with rising demand for lower logistics costs. Pavement management solutions allow these pallets to be collected and reused by other manufacturers throughout the supply chain. By eliminating the need to control pallet distribution, the pallet interface simplifies purchasing, handling, and lifting.
Download Sample PDF @
https://www.futuremarketinsights.com/reports/sample/rep-gb-3671
Technological progress is expected to open up new opportunities for pallet pool market participants. There are a number of pallet organizations that specialize in placing interesting pallets. For example, they could run pallets covered with radio frequency identification (RFID) tags. This concept quickly gained ground thanks to several advantages, such as fast supply chain monitoring.
In the fast-moving consumer goods, food & beverage, and pharmaceutical industries, pallet pooling is very popular. Pooling pallet manufacturers continue to use wood and plastic as their principal materials. Demand for wood pallets is expected to remain high in comparison with other materials such as steel and composites.
In the forthcoming years, disposable plastic pallet pooling, which is appreciated for its durability and low cost, is predicted to gain a substantial share in the global pallet pooling market. The global pallet pooling market will benefit from rapid industrialization and increasing demand from the pharmaceutical sector.
“The introduction of pallets with RFID tags, along with pallet pooling rental services offered by market players will augment the growth in the market over the forecast period,” says an FMI analyst.
Key Takeaways:
- By structural design, sales in the block pallet pooling segment are slated to increase at a 6.7% CAGR over the forecast period.
- Based on material, the wooden pallets segment will account for 57% of the total market share over the assessment period.
- In terms of end-use industry, sales in the FMCG segment will command more than 33% of the total market share in 2022.
- The U.S. pallet pooling market will offer an incremental opportunity of US$ 1.3 Bn over the forecast period.
- Total sales of pallet pooling services in China will reach a valuation of US$ 214.6 Bn by 2032.
- Demand for pallet pooling services in Germany is poised to grow at a 3.6% CAGR over the forecast period.
Competition Landscape
Pallet pooling service providers are focusing on business expansion by opening new distribution centers and sales offices. Many manufacturers are creating strong networks with dealers and distributors to expand their businesses across multiple regions.
Some of the key pallet pooling manufacturers included in the report are Brambles Limited, Schoeller Arca, Faber Halbertsma, Euro Pool Group, Loscam, LPR, Contraload NV, Zentek Pool System GmbH, PPS Midlands Limited, Demes Logistics Gmbh & Co. KG.
Request For Customization @
https://www.futuremarketinsights.com/customization-available/rep-gb-3671
Key Segments Covered in Pallet Pooling Industry Analysis
Structural Design:
- Block
- Stringer
- Customized
Materials:
- Wood
- Composite
- Plastic
- Steel
- Other Metals
End-Use Industry:
- FMCG Industry
- Food & Beverages
- Pharmaceuticals
- Electronics
- Chemicals
- Others
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights, Inc.
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
