Due to steady growth in US consumer spending, demand for pallets has increased over the past five years. Nevertheless, the industry has faced increased competition from substitute materials, such as plastic, metal and paper. Although wood still dominates the pallet market due to its lower cost, competition from substitutes has intensified primarily due to sanitation issues. Over the five years to 2022, industrial production and consumer spending are expected to continue rising, fueling revenue growth. Although external competition will continue to rise, operators will focus on pallet recovery, which entails manufacturing pallets using wood recycled from used pallets.
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.