The pallet industry is an integral part of the global economy, with a wide range of products and services that are essential for many businesses. This blog post will explore some key statistics about the pallet industry from around the world. We’ll look at market values, segment shares, growth rates, production numbers and more to get a better understanding of this important sector.
Additionally, we’ll discuss how these figures impact environmental sustainability efforts in terms of recycling and repair initiatives. By examining these facts and figures related to the pallet industry worldwide, we can gain valuable insights into its current state as well as what lies ahead in terms of future trends.
This statistic is a testament to the immense size and scope of the pallet industry. It highlights the fact that the pallet market is a major player in the global economy, with a value of over 2 billion US dollars. This figure is a clear indication of the importance of pallets in the transportation and storage of goods, and the impact they have on the global economy.
The wooden pallets segment of the pallet industry accounted for a share of approximately 90% in 2019.
This statistic is a testament to the sheer dominance of wooden pallets in the pallet industry. It highlights the fact that wooden pallets are the go-to choice for many businesses, and that the industry is heavily reliant on them. This statistic is an important indicator of the current state of the pallet industry and provides valuable insight into the industry’s future.
Pallet Industry Statistics Overview
The plastic pallets segment is projected to witness the highest growth rate of 7.4% from 2021 to 2028.
This statistic is a testament to the potential of the plastic pallets segment in the pallet industry. It indicates that the plastic pallets segment is expected to experience the most significant growth in the coming years, making it an attractive option for businesses looking to invest in the pallet industry.
North America accounted for the largest wooden pallet market share in terms of both production and consumption in 2017.
This statistic is a testament to the importance of North America in the pallet industry. It highlights the region’s dominance in both production and consumption, indicating that it is a major player in the global market. This is significant for anyone interested in the pallet industry, as it provides insight into the current state of the industry and the potential opportunities available in North America.
Europe’s pallet market is estimated to register a CAGR of over 3.6% from 2021 to 2026.
This statistic is a testament to the potential of the pallet market in Europe, indicating that the industry is likely to experience steady growth over the next five years. This is great news for those in the pallet industry, as it suggests that there will be plenty of opportunities for businesses to capitalize on in the near future. Furthermore, this statistic can be used to inform decisions about investments, production, and marketing strategies, allowing companies to make the most of the market’s potential.
The Asia-Pacific region is anticipated to grow at the fastest CAGR of 7.2% from 2020 to 2025 in terms of pallet consumption.
This statistic is a clear indication that the Asia-Pacific region is set to become a major player in the pallet industry. With a projected CAGR of 7.2%, the region is poised to experience a significant growth in pallet consumption over the next five years. This could mean increased opportunities for businesses in the region, as well as a potential influx of new players in the industry. As such, this statistic is an important one to consider when discussing the current and future state of the pallet industry.
The international pallet pool contained approximately 530 million pallets in 2016.
This statistic is a testament to the sheer size and scope of the pallet industry. It demonstrates the immense demand for pallets and the importance of the industry in the global economy. It also highlights the need for efficient and reliable pallet pooling services to ensure that the industry can continue to meet the needs of its customers.
In the United States, about 450-500 million new pallets are manufactured each year.
This statistic is a testament to the sheer size and scope of the pallet industry in the United States. It speaks to the fact that pallets are an essential part of the supply chain, and that the industry is thriving. It also highlights the importance of pallets in the economy, as they are used to transport goods from one place to another. This statistic is a reminder of the importance of pallets in the modern world.
93% of all the pallets produced in the United States are made of wood.
This statistic is a testament to the enduring popularity of wood pallets in the United States. It speaks to the reliability and cost-effectiveness of wood pallets, which have been the go-to choice for businesses for decades. This statistic is a reminder of the importance of wood pallets in the pallet industry and the need to continue to invest in their production.
In 2018, The pallet industry’s revenue in the US was approximately $6 billion.
This statistic is a testament to the immense size and scope of the pallet industry in the US. It highlights the fact that the pallet industry is a major contributor to the US economy, and that it is an important part of the supply chain for many businesses. It also serves as a reminder of the importance of pallets in the transportation and storage of goods, and the need for businesses to invest in quality pallets to ensure the safe and efficient movement of goods.
There were approximately 2,200 pallet companies in the United States in 2018.
This statistic is a testament to the size and scope of the pallet industry in the United States. It shows that the industry is a major player in the economy, with a large number of companies providing pallet services. This is important to note in a blog post about Pallet Industry Statistics, as it provides a baseline for understanding the industry’s impact on the economy.
As of 2018, there were approximately 68,000 workers employed in the pallet and skid rental industry in the United States.
This statistic is a testament to the size and scope of the pallet and skid rental industry in the United States. It shows that the industry is a major employer, providing jobs to tens of thousands of people across the country. This statistic is an important indicator of the industry’s economic impact and its importance to the US economy.
Approximately 5 billion wooden pallets are manufactured globally each year.
This statistic is a testament to the sheer size and scope of the pallet industry. It demonstrates the sheer number of pallets being produced each year, and the importance of the industry in the global economy. It also serves as a reminder of the importance of pallets in the transportation and storage of goods, and the need for efficient and reliable pallet production.
The total production of wooden pallets in Europe is around 350 million units per year.
This statistic is a testament to the sheer magnitude of the pallet industry in Europe. It highlights the sheer scale of the industry, and the importance of pallets in the European economy. It also serves as a reminder of the importance of pallet production and its impact on the global economy.
As of 2018, the Canadian pallet market size was valued at $1.4 billion CAD.
This statistic is a testament to the immense size of the Canadian pallet market, demonstrating its importance in the global economy. It is a valuable piece of information for anyone looking to gain insight into the industry, as it provides a clear indication of the market’s size and potential. Furthermore, it serves as a benchmark for future growth and development, allowing stakeholders to measure their progress and success.
Approximately 63% of pallets in Europe are being repaired annually.
This statistic is a telling indication of the importance of pallet repair in the European market. It highlights the need for businesses to invest in pallet repair services to ensure their pallets are in good condition and able to be used for their intended purpose. This statistic is also a reminder of the importance of pallet maintenance and the need to regularly inspect and repair pallets to ensure they are safe and reliable.
Conclusion
The global pallet market value was estimated to be around 2.29 billion US dollars in 2020, with wooden pallets accounting for a share of approximately 90%. The plastic pallets segment is projected to witness the highest growth rate of 7.4% from 2021 to 2028 and North America accounted for the largest wooden pallet market share in terms of both production and consumption in 2017. Europe’s pallet market is estimated to register a CAGR of over 3.6% from 2021 to 2026 while the Asia-Pacific region is anticipated to grow at the fastest CAGR of 7.2% from 2020 to 2025 in terms of consumption.
In 2016, there were 530 million international pooling system (IPS) compliant pooled wooded Europallets worldwide and 450-500 million new wooded ones are manufactured each year within United States alone; 93 percent being made out off wood material only whereas 2018 saw 6 billion USD revenue generated by 68000 workers employed across 2200 companies operating within USA itself as well as 1,8 billion units used annually throughout country borders.
Canada’s own industry size was valued at $1,4 Billion CAD back then too whilst 63 % European counterparts get repaired yearly due their average 5 -7 years lifespan before recycling process kicks into gear , resulting considerable environmental benefits . All these facts point towards an ever growing demand on this sector which will likely keep expanding its reach even further during upcoming years
References
0. – https://www.www.tts-systems.com
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