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Pallet Market in the US 2016-2020

About pallets

A pallet is a flat panel that serves as a base for storing and transporting raw materials and finished products. It is designed to be lifted by forklifts and pallet jacks. The majority of pallets are made from wood, but pallets made of plastic, metal, and corrugated paper are also available. The use of palletized storage and transportation is one of the key considerations in modern logistics, as it enables operational efficiency in terms of material handling.

Technavio's analysts forecast the pallet market in the US to grow at a CAGR of 2.2% over the period 2015-2020.

Covered in this report

The pallet market in the US is highly fragmented with the presence of local, regional, and international vendors. The market can be segmented into four based on the type of materials used to manufacture pallet: wood, plastic, metal, and corrugated paper.

Technavio's report, Pallet Market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report presents the market landscape and its growth prospects in the coming years, it also covers the vendor landscape and a corresponding detailed analysis of the major vendors in the market.

Key vendors

  • Berry Industrial Pallets
  • Buckhorn
  • Cabka North America
  • CHEP
  • Millwood
  • PalletOne
  • PECO Pallet
  • Rehrig Pacific Amcor
Other prominent vendors
  • Conitex Sonoco
  • Edwards Wood Products
  • Enviro-Pack Material Handling
  • General Pallet
  • Greystone Logistics
  • iGPS Logistics
  • Indoff
  • Kamps
  • LITCO International
  • Nelson
  • ORBIS
  • Universal Package Systems
Key market driver
  • Economic recovery
  • For a full, detailed list, view our report
Key market challenge
  • Limited availability and high cost of raw materials
  • For a full, detailed list, view our report
Key market trend
  • Investment to improve pallet durability
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Pallet Market in the US 2016-2020

Technavio recognizes the following companies as the key players in the Pallet Market in the US: CHEP, Millwood, PalletOne and PECO

Other Prominent Vendors in the market are: Buckhorn, Cabka North America, Edwards Wood Products, Greystone Logistics, iGPS Logistics, Kamps, LITCO International, ORBIS, Rehrig Pacific and RM2 International

Commenting on the report, an analyst from Technavio’s team said: “Vendors continue to invest in R&D to develop pallets that are environmentally friendly, recyclable, and reusable. Among the factors influencing purchase decisions, strength and durability are considered the most important. Pallets are designed and developed to ensure multiple trips in the supply chain process. The main effort of vendors has been toward shifting from single-trip pallets to multiple-trip pallets.”

According to the report, More US imports, exports, and shipments will require producers to add pallets to their existing stocks to handle the high output. Manufacturers are outsourcing logistics to third-party suppliers to reduce shipping costs and improve service. This is a viable opportunity for pallet companies to expand their existing logistics services.

Further, the report states that limited availability and high cost of raw materials hinders the market growth.

Companies Mentioned

CHEP, Millwood, PalletOne, PECO, Buckhorn, Cabka North America, Edwards Wood Products, Greystone Logistics, iGPS Logistics, Kamps, LITCO International, ORBIS, Rehrig Pacific, RM2 International

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Overview of pallet market in US
    • Market size and forecast
      • Table Pallet market in US by volume 2014-2020 (millions of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market Opportunity assessment for different types of pallets
    • Table Market opportunity analysis: Pallet market in US
    • Table Porter's five forces analysis of pallets by type
  • Raw material landscape
    • Table Softwoods and hardwoods used in production of pallets 2014
  • Market segmentation by product type
    • Table Segmentation of pallet market in US by product type
    • Segmentation of pallet market in US by product type
      • Table Segmentation of pallet market in US by product type 2015
    • Wood pallet market in US
      • Table Wood pallet features
      • Table Wood pallet market in US 2015-2020 (millions of units)
      • Table Wood pallet market life cycle in US
    • Plastic pallet market in US
      • Table Plastic pallet features
      • Table Plastic pallet market in US 2015-2020 (millions of units)
      • Table Plastic pallet market life cycle in US
    • Metal pallet market in US
      • Table Metal pallet features
      • Table Metal pallet market in US 2015-2020 (millions of units)
      • Table Metal pallet market life cycle in US
    • Corrugated paper pallet market in US
      • Table Corrugated paper pallet features
      • Table Corrugated paper pallet market in US 2015-2020 (millions of units)
      • Table Corrugated paper pallet market life cycle in US
  • Market segmentation by end-user
    • Table Segmentation of pallet market in US by end-user
  • Market drivers
    • Table Gross industry output in US 2010-2014 ($ billions)
    • Table Gross industry output in US 2010-2014 ($ trillions)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Recovered and new wood in production of pallets 1995-2014 (% share)
  • Vendor landscape
    • Competitive scenario
      • Table Key performance indicators
    • Other prominent vendors
  • Key vendor analysis
    • Berry Industrial Group
      • Table Berry Industrial Group: Product segmentation
    • Buckhorn
      • Table Buckhorn: Product segmentation
    • CABKA North America
    • CHEP
      • Table CHEP: Business segmentation
    • Millwood
      • Table Millwood: Business segmentation
    • PalletOne
      • Table PalletOne: Product category
    • PECO Pallet
      • Table PECO Pallet: Business offerings
    • Rehrig Pacific
      • Table Rehrig Pacific: Supply chain product offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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