Russia Pallet Market Overview, 2028

The pallet market in Russia is rapidly expanding. Currently, pallets are in high demand in the logistics business for the transportation of a wide range of items, from food to building materials and large-size equipment. Pallets serve as a universal transportation solution in this scenario, assisting not only with transporting but also with stacking and storing items. Pallets are used as an ideal alternative for traditional boxes and drums by around 90% of producers and carriers, according to studies. The retail sector is the primary user of such packaging.  Usually, producers purchase or rent pallets and are paid by including these expenses in the overall cost of packing for shipment. When such containers' qualitative features deteriorate, they are refurbished and resold for various purposes. Pallet rental services are offered by pullers, who are operators that deal with logistics packing.

According to the research report Russia pallet Market Overview, 2028, published by Bonafide Research, the market is expected to add USD 305.31 Million in the upcoming period, 2023–2028. The pallets market is divided into four categories: type, application, material, and end-user. The market is divided into four material categories: wood, plastic, Metal, Corrugated and Others. Rackable, stackable, and others are the different types. It is classified as rental or non-rental according on its application. End-user industries include food and beverage, chemical, retail, pharmaceutical, and others. By material, the wood segment led the pallets market in terms of revenue. Wood pallets are in high demand throughout a wide range of sectors, including logistics & transportation, building & construction, etc. The majority of pallets in use today are made of wood, and they are one of the main contributors to municipal solid garbage (MSW). Furthermore, discarded wooden pallets are high in energy, which is typically lost during MSW disposal. As a result, industries are already implementing recycling ways to decrease wood waste in pallet manufacture. When a wooden pallet is deteriorated to the point that restoration is no longer possible, it is time to recycle.

Pallets made of wood are most commonly used in Russia; items made of plastic or other materials are used less frequently. The primary advantage of pallets is their versatility. They are also ecologically friendly and completely adhere to the principles of sustainable development. The cost of manufacturing pallets has lately risen dramatically. Lumber is utilized in their manufacture, and its price has climbed. Furthermore, the epidemic has resulted in a labor outflow, which has impacted expenses. As a result, the cost of pallets has reached an all-time high, making it impossible for businesses to acquire goods. The Ukraine conflict has already caused significant shocks in the global energy system, with gas prices skyrocketing to exorbitant levels. Experts now claim that the violence is disrupting supply of the basic, seemingly omnipresent wooden pallet. The European Pallet Association (EPAL) and the European Federation of Wooden Pallet & Packaging Manufacturers (FEFPEB) have both warned that the war in Ukraine will make it difficult to find wooden pallets, which are essential handling and storage products used to transport goods and dispatch them across warehouses or supermarkets. Some of the Pallet Manufacturers in Russia  are Opora-DV LLC, Palcom LLC, Karelia Berries ACPSC, NOVOTEH Ltd*, ??? DDT, OOO SuzemkaGIPles, OOO Specialnyi Sibirskiy Les, Volgogradstroimaterialy, Rospall GmbH, OOO Delfi, ATLANTIS Ltd, PSK VOLDEK Ltd, Sibirskaya Lesopromyshlennaya Companiyaand many more. 
 
Considered in this report
• Geography: Russia
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Russia 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 Application Type
• Rental
• Non- rental

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

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

By Structural Design 
• Block 
• Stringer
• 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 pallet 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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