United States Pallet Packaging Market Size By Material (Composite Wood, Wood, Plastic, Metal, and Paper), By Application (Food & Beverages, Pharmaceuticals, Retail, Manufacturing), And Forecast

United States Pallet Packaging Market Size And Forecast

United States Pallet Packaging Market size was valued at USD 1.11 Million in 2021 and is projected to reach USD 1.48 Million by 2030, growing at a CAGR of 3.72% from 2022 to 2030.

Pallets and plastic boxes are key in the industrial and logistics sector. This in turn will boost the market growth. The United States Pallet Packaging Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

United States Pallet Packaging Market Definition

Pallets are flat constructions used for transporting, storing, and handling items. They are usually rectangular in shape and size, ranging from small pallets used to convey lightweight products to giant pallets used to move heavy machines. Pallets are essential in the logistics and supply chain industries because they make it easier to move goods from one place to another. They provide a stable platform for goods to rest on, which allows for easy loading and unloading of items from trucks, trains, and shipping containers. Pallets also help to protect goods during transport by keeping them off the ground and reducing the risk of damage.

United States Pallet Packaging Market Overview

The nuances in and around the pallets & plastic boxes packaging market have given a major boost actuating a progressive drive towards it. Moreover, pooling with other low-cost solutions to scrutnize the effort in the market has driven the industry in restocking and building a stipulated chain with it. Furthermore, the pallet & plastic box packaging market has seen restraints with single usages, increasing carbon footprint with plastics, and high-cost manufacturing and subtle issues around. Besides, new market penetration than those below the pallet & plastic box packaging radar.

Pallets and plastic boxes are key in the industrial and logistics sector. It pays to think long-term about which pallets and plastic boxes are ideal for all aspects of the organization, as they are an essential part of any supply chain. Different materials are used to make pallets, mainly wood, and plastic, and almost every item seen in the store is transported on pallets and plastic boxes. Pallets and plastic boxes come in a wide variety of materials, with wood and plastic being the most popular. Pallets and plastic boxes are produced by injection molding, which allows for a long life and a space-saving design.

In addition, No company needs the logistical pain of parallel operations outside of its core business. When it comes to supply chain logistics, one of the most beneficial decisions a business can make is to use a pallet & boxes pooling system for packaging. This single decision not only saves companies the initial cost of purchasing pallets & boxes, but also frees them from the constant acquisition, allocation, and disposal of a fleet of pallets & boxes, reducing their total cost of doing business. Money and time savings can instead be invested in the company’s future goals and growth.

United States Pallet Packaging MarketSegmentation Analysis

The United States Pallet Packaging Market is segmented on the basis of Material, and Application.

United States Pallet Packaging Market, By Material

• Composite Wood• Wood• Plastic• Metal• Paper

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Based on Material, the market is bifurcated into Composite Wood, Wood, Plastic, Metal, and Paper. Wood accounted for the largest market share of 86.14% in 2022, with a market value of USD 25.46 Billion, and is projected to grow at a CAGR of 4.22% during the forecast period. Plastic was the second-largest market in 2022, valued at USD 1.66 Billion in 2022; it is projected to grow at the highest CAGR of 4.83%,

United States Pallet Packaging Market, By Application

• Food & Beverages• Pharmaceuticals• Retail• Manufacturing• Others

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On the basis of Application, the United States Pallet Packaging Market is classified into Food & Beverages, Pharmaceuticals, Retail, Manufacturing, and Others. Manufacturing accounted for the largest market share of 39.23% in 2022, with a market value of USD 11.60 Billion, and is projected to grow at the highest CAGR of 4.50% during the forecast period. Food & Beverages was the second-largest market in 2022, valued at USD 7.80 Billion in 2022; it is projected to grow at a CAGR of 4.44%.

Key Players

The “United States Pallet Packaging Market” study report will provide valuable insight with an emphasis on the U.S. market. The major players in the market are Litco International, Inc., ORBIS Corporation, PECO Pallet, Rehrig Pacific Company, TranPak Inc., Pallet USA, LLC, Arrington Lumber & Pallet Co, Industrial Pallet Corp, B&B Pallet Company, John Rock, Inc., Plasgad USA LLC, Melmat, Inc., IRIS USA, Inc., Sterilite Corporation, Cambro Manufacturing, Tupperware Brands Corporation, Kamps Pallets, Herwood Inc, and TMF Corporation. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In October 2022, Orbis Corporation announced expansion through the construction of an addition to ORBIS’ manufacturing site in Urbana, Ohio. This new building will offer 30% additional space to an existing ORBIS plant, allowing for the production of totes, bulk containers, and pallets. This facility expansion will enable ORBIS to provide improved customer service.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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