GITNUX MARKETDATA REPORT 2024

Must-Know Pallet Industry Statistics [Latest Report]

Statistic 1

"In 2020, the global pallet market value was around 2.29 billion US dollars."

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Statistic 2

"The wooden pallets segment of the pallet industry accounted for a share of approximately 90% in 2019."

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Statistic 3

"The plastic pallets segment is projected to witness the highest growth rate of 7.4% from 2021 to 2028."

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Statistic 4

"North America accounted for the largest wooden pallet market share in terms of both production and consumption in 2017."

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Statistic 5

"Europe’s pallet market is estimated to register a CAGR of over 3.6% from 2021 to 2026."

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Statistic 6

"The Asia-Pacific region is anticipated to grow at the fastest CAGR of 7.2% from 2020 to 2025 in terms of pallet consumption."

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Statistic 7

"The international pallet pool contained approximately 530 million pallets in 2016."

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Statistic 8

"In the United States, about 450-500 million new pallets are manufactured each year."

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Statistic 9

"93% of all the pallets produced in the United States are made of wood."

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Statistic 10

"In 2018, The pallet industry’s revenue in the US was approximately $6 billion."

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Statistic 11

"There were approximately 2,200 pallet companies in the United States in 2018."

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Statistic 12

"As of 2018, there were approximately 68,000 workers employed in the pallet and skid rental industry in the United States."

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Statistic 13

"Approximately 5 billion wooden pallets are manufactured globally each year."

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Statistic 14

"The total production of wooden pallets in Europe is around 350 million units per year."

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Statistic 15

"As of 2018, the Canadian pallet market size was valued at $1.4 billion CAD."

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Statistic 16

"Approximately 63% of pallets in Europe are being repaired annually."

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