The global pallet displays market is expected to experience steady growth over the next decade, with market size estimated at USD 1,529.8 million in 2024 and projected to reach USD 2,116.5 million by 2034. According to the latest industry data, sales are set to rise at a CAGR of 3.3% during the forecast period from 2024 to 2034. In 2023, the pallet displays market generated revenue of USD 1,463.9 million, underscoring its robust growth trajectory.
Pallet displays, particularly full pallet displays, continue to be an essential tool for a wide range of industries, including food, medical, cosmetics, personal care, and others. Full pallet displays, which are designed to enhance product visibility and streamline the handling of bulk items in retail environments, are expected to capture a significant market share of 46.1% in 2024. Their widespread use in supermarkets, retail stores, warehouse clubs, and distribution centers plays a key role in influencing customer purchases and ensuring efficient bulk handling.
In terms of materials, paper and paperboard pallet displays are anticipated to lead the market with a 64.1% share in the coming years. These displays are favored for their cost-effectiveness compared to alternatives like plastic, glass, and metal, making them an economical choice for both retailers and manufacturers. They also offer versatility, accommodating products of various sizes, shapes, and weights, contributing to their widespread use.
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While pallet displays find applications in numerous industries, the food and beverage sector remains a dominant player. The industry relies on pallet displays for promotional activities such as seasonal sales, product launches, and discount offers, helping products stand out in highly competitive retail environments. Pallet displays support the bulk sales of food and beverages by offering ample space for large quantities of products, further cementing their role in this sector.
The pallet displays market is set to witness profitable growth in the coming years, with an incremental opportunity of USD 652.6 million expected by 2034. The market is projected to grow by 1.4 times its current value, highlighting its expanding role in retail and other industries.
Key Takeaways from the Global Pallet Displays Market:
- The global pallet displays market grew at a CAGR of 2.4% from 2019 to 2023.
- The USA pallet displays market is expected to register a CAGR of 2.2% during the evaluation period, driven by sustainability efforts such as the adoption of recycled paper materials.
- India’s pallet displays industry is projected to grow at a significantly higher CAGR of 6.1% by 2034, outpacing other South Asia and Pacific countries.
- Full pallet displays are anticipated to hold a dominant share of 46.1% of the market by 2034.
- By material, paper and paperboard are forecasted to dominate, accounting for a 64.1% market share by the end of 2034.
Competitive Landscape
Key players in the pallet display sector are creating and bringing new goods into the market. They are combining with various organizations and expanding their geographical reach. A few of them also collaborate and work with local brands and start-up enterprises to produce new products.
Key Players in Pallet Displays Market
- International Paper Company
- DS Smith plc
- Smurfit WestRock plc
- Sonoco Products Company
- Menasha Packaging Company, LLC.
- Pratt Industries
- Siffron, Inc.
- Marketing Alliance Group
- Felbro, Inc.
- Creative Displays Now
- USA Display Group
- Bennett
- Abbott-Action Packaging
- TPH Global Solutions
- Berkley
Key Developments in Pallet Displays Market
- In April 2024, International Paper Company announced the agreement for the acquisition of DS Smith to strengthen its global packaging business.
- In May 2024, Sonoco Products Company Sonoco Products Company announced the new state-of-the-art centre at 2850 Charter Street in Columbus, Ohio to expand its sustainable metal packaging business and create a centralized location to support our customers.
- In May 2023, Smurfit Kappa completed its investment project in Poland for significant expansion of its Pruszków corrugated plant.
Pallet Displays Market Segmentation
By Product:
The pallet displays market is segmented into multiple products which include full pallet displays, half pallet displays, and quarter pallet displays.
By Material:
Pallet displays market is categorized in terms of materials into paper and paperboard, plastic, metal, and glass.
By End Use:
Major end user related to pallet displays market include food and beverage, cosmetics and personal care, pharmaceuticals, electronics, automotive, and other industrial.
By Region:
Key countries of North America, Latin America, East Asia, South Asia and Pacific, Western Europe, Eastern Europe, Middle East and Africa are covered.
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