Pallet Pooling Market

Global Pallet Pooling Market is valued at USD 6.95 Billion in 2022 and is expected to reach USD 10.5 Billion by 2029 with a CAGR of 5.98% over the forecast period.

Global Pallet Pooling Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2023-2029- The increasing growth of food and beverages industry, and rising demand in the warehouse and others are driving the growth of Global Pallet Polling Market.

Scope-

A pallet is the structural foundation of a unit load that allows handling and storage efficiently. Pooling is a divide and reuse model based on the principles of the circular economy. There are different types of pallets, including wood, composite, plastic, steel, and others. There are two general styles which are; single-faced or double-faced pallets. Double-faced pallets are comprised of surfaces on both the top and bottom surfaces. Pallets are being shared and reused by a network of producers, manufacturers, distributors, retailers, and other receiving locations, transporters, and service centers. Pallet polling protects goods by absorbing stress, holding weight, and protecting them as they travel through the supply chain. The pallet pooling system refers to the management system of renting, reprocessing, tracking, and maintaining pallets by professional companies. Pallet pooling is mostly used in the FMCG industry, Food & Beverages, Pharmaceuticals, Electronics, Chemicals, and other industries.

The pandemic has disrupted supply chains, leading to changes in consumer behavior and increased demand for e-commerce, which in turn has affected the pallet pooling market. The lockdowns and restrictions on movement implemented by governments around the world have impacted the transportation and logistics industry, causing delays and disruptions in the supply chain. As a result, companies have had to adjust their pallet pooling strategies to maintain their operations. The pandemic has also led to an increased demand for hygiene and safety measures, which has affected the use of pallet pooling. Additionally, the shift towards e-commerce has increased the demand for pallet pooling services, as more goods are being shipped directly to consumers. This has created new opportunities for pallet pooling providers, as e-commerce retailers require efficient and cost-effective transportation and logistics solutions. Overall, the Covid-19 pandemic has had a mixed impact on the global pallet pooling market.

Pallet pooling market is segmented on the basis of structural design, materials, end-use industry and region & country level. On the basis of structural design, the pallet pooling market is segmented into block, stringer and customized and others. On the basis of materials, the pallet pooling market wood, composite, plastic, steel and other metals. On the basis of end-use industry, the pallet pooling market is segmented into FMCG, food & beverage, pharmaceuticals, electronics, chemicals and others and others.

The regions covered in this pallet pooling market report are Asia-Pacific, North America, Europe, and the Rest of the World. Based on a country level, the market of pallet pooling is subdivided into the U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Key Players–

Some of the key players for pallet pooling are -

• Brambles
• LOSCAM
• Euro Pool Group
• Faber Halbertsma Group
• LPR
• Schoeller Arca Time Materials Handling Solutions Limited
• Contraload NV
• Zentek Pool System GmbH
• PPS Midlands Limited
• Demes Logistics GmbH & Co. KG
• others

Segmentation–

By Structural Design:

• Block
• Stringer
• Customized
• Others

By Materials:

• Wood
• Composite
• Plastic
• Steel
• Other metals

By End-Use Industry:

• FMCG
• Food & beverage
• Pharmaceuticals
• Electronics
• Chemicals
• Others

By Regional & Country Analysis:

• North America

• U.S.
• Mexico
• Canada

• Europe

• UK
• France
• Germany
• Italy

• The Asia Pacific

• China
• Japan
• India
• Southeast Asia

• South America

• Brazil,
• Argentina
• Columbia

• The Middle East and Africa

• GCC
• Africa
• Rest of the Middle East and Africa

Market Dynamics–

The increasing growth of food and beverage industry is driving the growth of the pallet polling market. Pallet polling is used to move pallets safely and smoothly from the packaging facility to the store floor. Pallet polling provides numerous advantages in the food and beverage industries, including lowering the risk of food contamination due to breakage during transit, lowering transportation costs, minimizing product damage, and increasing hygiene. So, there is rising demand for pallet pooling in the food and beverage industry. For example; according to the Economic Research Service; the foodservice and food retailing industries supplied about $2.12 trillion worth of food, and of that total, $1.17 trillion was supplied by foodservice facilities in 2021. Additionally, Morgan Stanley’s India Transportation Fund has acquired a stake in pallet pooling firm LEAP India for Rs 180 crore. Pallet pooling systems help to control costs by making the supply chain more efficient and other beneficial factors to the market.

Increasing demand in the warehouse is also supplementing the growth of the pallet polling market. Because warehouse manufacturing is used for proper and bulk storage of products, pallet pooling is used to transport the heaviest items in the warehouse smoothly and safely. Pallet pooling is most often used to store all products in one central warehouse, which increases demand for pallet pooling in warehouses. For example; according to IBISWorld; on May 31^st, 2022, the market size of the warehousing industry in the US increased faster by 4.7% than the transportation and warehousing sector overall, and revenue is $34.0 billion. Additionally, according to the ministry of consumer affairs, food and public destitution, on August 2^nd, 2022, the premier warehousing agency was operating 424 warehouses with a total operational storage capacity of 101.52 lakh MT. There are 2213 warehouses with a total storage capacity of 491.86 lakh MT, including 31.80 lakh MT of management capacity. They enhance warehouse operational efficiency by allowing easy movement of stacked goods using machines or tools, such as forklifts and pallet jacks.

However, plastic pallets often change their properties and become fragile in cold conditions, soft in hot conditions, and they lose oil and become breakable when they are exposed to direct sun rays. Hence, changing climatic conditions are expected to hamper the market's growth. In spite of that, increasing investment on advanced product development and investment may create more opportunities for the further growth of the company.

Regional Analysis–

Geographically, North America is expected to account for the leading share of the pallet polling market. Increasing growth of pharmaceutical industry is also supplementing the demand for pallet polling in this region. Since using pallet polling to keep pharmaceutical products moving from place to place and to keep them undamaged in the process requires safe transport in industry, the demand for pallet polling in the pharmaceutical industry is growing. For example; according to the National Library of Medicine on March 4^th, 2021, North America is the region with the largest portion of pharmaceutical revenue at 48.9%, and the US is still leading the pharmaceutical market. Additionally, according to IBISWorld on July 01^th, 2022, there are 2,015 brand-name pharmaceutical manufacturing businesses in the US as of 2022, an increase of 6.5% from 2021. A pallet provides protection for the product on it.

Asia-Pacific is expected to show a fastest growth in the global pallet polling market due to the increasing growth of various industries like manufacturing, where a pallet is a moveable platform used for stacking, storage, and shifting of goods, as well as manufactured using a wide range of materials such as wood, plastics, steel, and other metals. This increases the demand for pallet polling in various industries. For example; according to the Brandessence Market Research, India's pallets are forecast to surpass nearly INR 25000 Cr. by 2025. Therefore, as a result, rising demand from end-user industries such as food processing, electronics, personal care and home care pharmaceuticals, and chemicals is propelling the pallet polling market forward in this region.

News-

New Product Launched Loscam Cross Border Pallet XPP-E1

On July 20^th, 2021; Loscam is pleased to launch newest product in the Thailand market. The XPP-E1 Cross Border Plastic Pallet is now available to expand its product and service proposition. The new XPP-E1 had many applications, not only in food and beverage, but also electrical and electronics, healthcare, retail, and in general any sector that have export operations.

Report Analysis	Details
Historical data	2016 - 2021
Forecast Period	2022 - 2029
Market Size in 2022:	USD 6.95 Billion
Base year considered	2021
Forecast Period CAGR %:	5.98%
Market Size Expected in 2029:	USD 10.5 Billion
Tables, Charts & Figures:	175
Pages	300
Companies	Brambles, LOSCAM, Euro Pool Group, Faber Halbertsma Group, LPR, Schoeller Arca Time Materials Handling Solutions Limited, Contraload NV, Zentek Pool System GmbH, PPS Midlands Limited, Demes Logistics GmbH & Co. KGand many others
Segments Covered	By Structural Design, By Materials, By End-Use Industry
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa