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The Europe - pallet market size is estimated to grow at a CAGR of 4.9% between 2022 and 2027. The market size is forecast to increase by USD 6,239.43 million. The growth of the market depends on several factors such as the high applications of pallets in the shipping and load-handling sectors, the rising demand for plastic pallets, and the growth in e-commerce.
This European pallet market report extensively covers market segmentation by product (wooden pallet, plastic pallet, corrugated pallet, and metal pallet ), end-user (food and beverages, transportation and warehousing, retail, pharmaceutical, and chemical and others), and geography (Germany, France, UK, Spain, and Rest of Europe). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the Europe pallet market growth is the growth in e-commerce. There is an increase in e-commerce transactions which has resulted in a higher volume of goods being shipped, fuelling the demand for pallets. The pallet is one of the essential components for organizing and transporting goods efficiently within e-commerce distribution centers and during the last-mile delivery process.
Moreover, there is an increasing need for efficient storage and movement of goods for e-commerce fulfillment and pallets play a crucial role in organizing and transporting goods efficiently within e-commerce distribution centers and during the last-mile delivery process. Additionally, there is a rising demand for specialized and customized pallet solutions that accommodate different product types, sizes, and weights due to the diversity of goods in e-commerce, ranging from small items to oversized products/ Hence such factors are driving the Europe pallet market growth during the forecast period.
A key factor shaping the Europe pallet market growth is the emergence of IoT integration in pallets. The integration of IoT comprises embedding sensors, communication devices, and data processing capabilities into pallets, enabling them to collect, transmit, and receive data. The main advantage of IoT-enabled pallets is that they facilitate real-time tracking of pallet location, movement, and condition throughout the supply chain.
Moreover, it helps to improve visibility and helps optimize logistics operations. The sensors are integrated into pallets to track various environmental conditions including temperature, humidity, and shock. This is significantly applicable to industries such as pharmaceuticals and food, where maintaining specific conditions is crucial. Another advantage of oT-equipped pallets is that they generate data that can be monitored to identify trends, bottlenecks, and opportunities for process optimization. Hence, such factors are positively impacting the European pallet market. Therefore, it is expected to drive the Europe pallet market growth during the forecast period.
Rising material costs of pallets are one of the key challenges hindering the Europe pallet market growth. The increasing material cost plays a significant role in determining the profitability of pallet production and can impact pricing strategies, supply chain management, and overall competitiveness. High material costs can significantly impact the profit margins of pallet manufacturers.
Moreover, there's a significant challenge for pallet manufacturers to maintain competitive pricing while also covering increased material costs. Furthermore, the price volatility of the raw materials can disrupt supply chains, causing delays in pallet production and affecting delivery schedules. Hence, such factors are negatively impacting the Europe - pallet market. Therefore, it is expected to hinder the Europe pallet market growth during the forecast period.
The wooden pallet segment is estimated to witness significant growth during the forecast period. There is an increasing adoption of wooden pallet segments due to their price performance, reliability, and easy availability. Additionally, there are several wooden pallets available in the market in various shapes that can make transportation and storage of goods easier and these pallets are competitively priced. There is an increasing adoption of wooden pallets across production units, distribution centers, and manufacturing units because of their cost-effectiveness.
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The wooden pallet segment was the largest segment and was valued at USD 16,683.71 million in 2017. The market price of these wooden pallets is significantly lower than plastic pallets and they are recyclable. The main advantage of these recyclable wooden pallets is that it is drier than new wooden pallets, which helps to strengthen pallets, thereby making them almost as durable as new pallets. The main feature of the wooden pallet segment is that they are strong, highly customizable, and available in a variety of sizes and strengths. Additionally, this segment is extensively used for carrying goods weighing 1,500-3,000 pounds (lbs). Other disadvantages of the wooden pallet segment include customization into various shapes and sizes as well and it is easier to load and unload goods from trucks, ships, and airplanes. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
Based on end-user, the segment is classified into food and beverages, transportation and warehousing, retail, pharmaceutical, chemical, and others. Pallets play a significant role in the storage, transportation, and distribution of goods in the food and beverage industry. There is an increasing adoption of pallets in this segment to stack and store raw materials, ingredients, and finished products in warehouses. The main advantage of these pallets is that they ensure maximum storage space and are organized and easily accessible. Hence, such factors are expected to fuel the growth of the segment which in turn will drive the market growth during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AUER GmbH: The company offers pallets such as lightweight plastic pallets, medium plastic pallets, cleanroom plastic pallets, and hygiene plastic pallets.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
AUER GmbH, Brambles Ltd., CABKA Group GmbH, Cargopak Ltd., Casadei Pallets Srl, Craemer GmbH, De Vierhouten Groep BV, Dolav, Falkenhahn AG, HG Timber Ltd., Imbal Legno Snc, Nefab AB, Palettenwerk Kozik Sp. z o.o., Pallets Bertini Group Srl, PGS Group, Sacchi Pallets Srl, Sartorilegno Srl, Schoeller Allibert Services B.V., TESER SNC, Toscana Pallets Srl, and Van Leyen Pallets
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report encompasses the entire market adoption cycle, ranging from the initial innovator phase to the subsequent laggard stage. It emphasizes adoption rates across various regions, determined by penetration levels. Additionally, the report outlines essential purchasing factors and factors influencing price sensitivity. This aids companies in assessing and formulating effective growth strategies.
Europe Pallet Market Customer Landscape
The Europe pallet market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Europe Pallet Market Scope |
|
Report Coverage |
Details |
Page number |
161 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.9% |
Market growth 2023-2027 |
USD 6,239.43 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.55 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AUER GmbH, Brambles Ltd., CABKA Group GmbH, Cargopak Ltd., Casadei Pallets Srl, Craemer GmbH, De Vierhouten Groep BV, Dolav, Falkenhahn AG, HG Timber Ltd., Imbal Legno Snc, Nefab AB, Palettenwerk Kozik Sp. z o.o., Pallets Bertini Group Srl, PGS Group, Sacchi Pallets Srl, Sartorilegno Srl, Schoeller Allibert Services B.V., TESER SNC, Toscana Pallets Srl, and Van Leyen Pallets |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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