The global pallet pooling market is on a significant upward trajectory, with a projected size of US$ 7.1 billion in 2022. The market’s growth shows no signs of slowing down, with sales expected to increase steadily at a Compound Annual Growth Rate (CAGR) of 6.1%, propelling the market to an impressive US$ 12.9 billion by 2032.
Pallet pooling has emerged as the preferred choice for warehouse operators due to its myriad advantages. It eliminates the need for repairing, maintaining, and sorting individual pallets, resulting in substantial time and resource savings. Additionally, by grouping similar types of pallets together, warehouse operators can optimize storage and transportation, reducing costs significantly. This cost-efficiency is anticipated to be a key driver of the market’s growth in the coming years.
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Sales in the pallet pooling market are predicted to increase development on the back of rising demand for reducing logistic costs. Pavement management solutions carry backlinks to gather these pallets for repurposing by other manufacturers across the supply chain. The pallet interface eliminates the need for managing pallet distribution, reducing the complexity of pallet purchase, management, and retrieval.
Technological advancements are projected to create growth prospects for the pallet pooling market players. Various pallet pooling companies are focusing on introducing sophisticated pallets. For instance, they are launching pallets covered in radio frequency identification (RFID) tags. Due to numerous advantages, such as effective supply chain monitoring, this concept is rapidly gaining traction.
In the fast-moving consumer goods, food & beverage, and pharmaceutical industries, pallet pooling is very popular. Pooling pallet manufacturers continue to use wood and plastic as their principal materials. Demand for wood pallets is expected to remain high in comparison with other materials such as steel and composites.
Key Takeaways:
- By structural design, sales in the block pallet pooling segment are slated to increase at a 6.7% CAGR over the forecast period.
- Based on material, the wooden pallets segment will account for 57% of the total market share over the assessment period.
- In terms of end-use industry, sales in the FMCG segment will command more than 33% of the total market share in 2022.
- The U.S. pallet pooling market will offer an incremental opportunity of US$ 1.3 Bn over the forecast period.
- Total sales of pallet pooling services in China will reach a valuation of US$ 214.6 Bn by 2032.
- Demand for pallet pooling services in Germany is poised to grow at a 3.6% CAGR over the forecast period.
Competition Landscape:
Pallet pooling service providers are focusing on business expansion by opening new distribution centers and sales offices. Many manufacturers are creating strong networks with dealers and distributors to expand their businesses across multiple regions.
Key Players Covered in Pallet Pooling Market:
- 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
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Key Segments Covered in Report:
Structural Design:
- Block
- Stringer
- Customized
Materials:
- Wood
- Composite
- Plastic
- Steel
- Other Metals
End-Use Industry:
- FMCG Industry
- Food & Beverages
- Pharmaceuticals
- Electronics
- Chemicals
- Others
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa (MEA)
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Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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