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Worldwide Pallet Industry to 2027 - Impact of COVID-19 on the Market

Research and Markets
·3-min read

Dublin, Nov. 10, 2020 (GLOBE NEWSWIRE) -- The "Pallet - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 7th edition of this report. The 290-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Pallet Market to Reach 8.8 Billion Units by 2027

Amid the COVID-19 crisis, the global market for Pallet estimated at 6.9 Billion Units in the year 2020, is projected to reach a revised size of 8.8 Billion Units by 2027, growing at a CAGR of 3.5% over the analysis period 2020-2027.

Wood, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach 3.8 Billion Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Plastic segment is readjusted to a revised 3.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at 1.9 Billion Units, While China is Forecast to Grow at 6.5% CAGR

The Pallet market in the U.S. is estimated at 1.9 Billion Units in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 1.9 Billion Units by the year 2027 trailing a CAGR of 6.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.

Metal Segment to Record 2.6% CAGR

In the global Metal segment, USA, Canada, Japan, China and Europe will drive the 2.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of 875 Million Units in the year 2020 will reach a projected size of 1 Billion Units by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 1.2 Billion Units by the year 2027, while Latin America will expand at a 3.4% CAGR through the analysis period.

Competitors identified in this market include, among others:

  • Brambles Ltd.

  • Cabka Group GmbH

  • CHEP

  • Loscam Australia

  • PalettenWerk Kozik Spolka Jawna, ul.

  • PGS Group

  • Rehrig Pacific Company

  • Schoeller Allibert Services B.V.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares

  • Pallet Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 44

For more information about this report visit https://www.researchandmarkets.com/r/ddmpb3

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900