Wood Pallets & Skids Production in the US
Products manufactured by the Wood Pallets and Skids Production industry play a vital yet often little-noticed role in the supply chains of most industries. The industry's recovery over the five years to 2016 has been fueled by an increase in the industrial production index. Most manufacturing industries use pallets and wood crates to ship their goods, so as the economic recovery took hold and manufacturer inventories began moving again, demand for pallets and wood containers gradually improved. Moreover, the industry will continue to grow over the next five years, largely due to rising manufacturing activity in its key downstream markets. The industry will, however, face a number of challenges over the next five years. Competition from pallet rental companies that operate outside the scope of this industry will continue to strengthen. Additionally, although wood products are expected to maintain a commanding share of the pallet market, competition from plastic, metal and paper pallets will continue to grow as users in some downstream markets seek to increase sanitation and reduce shipping costs.
Companies in the Wood Pallets and Skids Production industry manufacture wood pallets, wood box shook, wood boxes, wood skids, other wood containers and wood parts for pallets and containers. Companies purchase hardwood and softwood lumber from sawmills to manufacture this industry’s wood products. These products are then sold to a host of downstream industries that use the pallets and containers to store and transport consumer and industrial goods.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.