Wood Pallets & Skids Production in the US
The Wood Pallets and Skids Production industry makes products that are widely used to move a variety of goods, particularly food, chemicals and industrial goods. Due to steady growth in US consumer spending, demand for pallets has increased over the past five years. Growth was strongest during the early years of the period, when the pallet market was continuing to experience a shortage of used pallets, which drove up prices for newly manufactured pallets and inflated revenue. However, sales have since fluctuated as the recycling market has normalized, enabling more customers to opt for lower-cost recovered pallets. Over the five years to 2023, 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.