United States (USA) Pallet Market Overview, 2028

The use of pallets in the United States dates back to the early 20th century, when the transportation industry was rapidly growing. Pallets were first used to help move goods in warehouses and to load and unload trucks and trains more efficiently. The first wooden pallets were introduced in the 1920s, and they quickly became popular because they allowed for easier handling and storage of goods. In the 1930s, the National Wooden Pallet and Container Association (NWPCA) was established to provide standards and regulations for the industry. During World War II, the use of pallets became even more widespread, as they were essential for moving supplies and equipment for the military. After the war, the use of pallets continued to grow as businesses recognised their benefits in terms of increased efficiency and reduced labour costs. In the 1960s and 1970s, the introduction of forklifts and other material handling equipment made pallets even more popular as they could be moved more easily and quickly. Pallets also began to be made from other materials, such as plastic and metal. The growing demand for pallets in the United States can be attributed to the food and beverage industry. During the pandemic, pallets were also used to fill orders for groceries, cleaning supplies, and medical supplies. The delivery of essential items via online channels from established hypermarkets such as Walmart fueled the country's pallet market growth. The growing need for organised logistics systems to ensure the smooth operation of the supply chain increased demand for pallets in the United States as companies shifted from offline to online modes of sales during the pandemic.

According to the research report “US Pallet Market Overview, 2028, published by Bonafide Research, the market is expected to add USD 5.17 billion by 2028 The market for pallets is being driven by the growing popularity of online shopping in the United States, which is resulting in the wide adoption of pallets by large online retailers to store and transport their merchandise. The efforts made by the market players in the research and development of state-of-the-art pallets are also accelerating the market development. There is a rising inclination towards wooden pallets owing to their multiple advantages when compared to their counterparts, such as cost-effectiveness, enhanced durability, wider availability and easy reparability, and the ability to carry higher weight capacities. Further, there is an improved availability of sustainable and renewable pallet solutions.

The pallet market in the United States is segmented by material type into four parts based on material type: wood, plastic, metal, and corrugated. Currently, wood pallets are dominating the market, and wood pallets are expected to dominate the market for pallets in the country during the forecast period due to their greater reusability than plastic pallets and low cost per trip. They are also reusable, easy to repair, and can carry heavy loads of goods. A plastic pallet is a flat platform made from plastic materials, typically polyethylene or polypropylene that is used to transport, store, and stack goods. It is an alternative to traditional wooden pallets and has advantages such as being lighter, more durable, and resistant to moisture and pests. Metal pallets are another pallet variant, besides those made of wood and plastic, with very specific applications. Due to them being heavy-duty, they are the most commonly used pallet in the automotive and metal processing sectors. Corrugated pallets, also known as paper pallets or cardboard pallets are pallets made from paper board sheets, corrugated material and other reinforced paper goods, rather than wood. Corrugated pallets can be made using engineered corrugated products that are suited for clean room environments in medical, pharmaceutical and non-wet food applications.

The pallet market in the United States is segmented by end use: food and beverages, chemicals, pharmaceuticals, healthcare, automotive, transportation and warehousing, consumer goods and retail, engineering, and agriculture. Currently, the transportation and warehousing industry dominates the pallet market in the United States because pallets are necessary for the efficient movement and storage of goods, which is a primary function of this industry. Pallets make it easier to move and stack products, and they are widely used in logistics operations such as loading and unloading trucks and storing products in warehouses. The transportation and warehousing industry is expected to influence the demand for pallets in the US.

The pallet market in the United States is segmented by application type: rental and non-rental. Because most businesses use their own pallets to store their goods, maintain inventory, and transport goods, the non-rental segment currently dominates the market. During the forecast period, it is expected that the non-rental segment will dominate the market for pallets in the US. Some of the major companies that offer pallets for rent include CHEP USA iGPS, PECO Pallet, Northwest Pallet Services, RM2 United Pallet Services, Inc., PalletOne, and US Logistics.

The pallet market in the United States is segmented by structural design type: block and stringer. The stringer pallet is dominating the market for pallets in the US, and it is expected to dominate the market in the US during the forecast period because they use stringers to support the unit load. Stringers are the boards that are sandwiched between the top and bottom deckboards and are typically made out of 2 x 4s or 3 x 4s. The stringer pallet is the most commonly used pallet in the United States, with the most common size being 48 x 40. The Grocery Manufacturers Association (GMA) has created a standard 48 x 40 hardwood stringer pallet specification that is widely used for many consumer products.

Considered in this report
• Geography: US
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• US pallet market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Material Type
• Wood
• Plastic
• Metal
• Corrugated
• Others

By End Use 
• Food and Beverages
• Chemicals
• Pharmaceuticals and Healthcare
• Automotive
• Transportation & Warehousing
• Consumer goods and Retail
• Engineering
• Agriculture
• Other End Use

By Application Type
• Rental
• Non Rental
 
By Structural Design
• Block
• Stringers
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. 

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Vacuum Cleaner market, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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