Global Engineered Molded Wood Pallets Market Research Report 2024
Published on: 2024-01-04 | No of Pages : 400 | Industry : Packaging
Publisher : MRA | Format : PDF
Global Engineered Molded Wood Pallets Market Research Report 2024
Engineered molded wood pallets are made by molding damaged logs, wood waste and other wood by-products into new export pallets. It is also possible to use less energy and recycle wood products for the environment. Nested engineered molded wood pallets save space, leaving more room for product, and the pallets can be reused for long periods of time.
According to MRAResearch’s new survey, global Engineered Molded Wood Pallets market is projected to reach US$ 4162.4 million in 2029, increasing from US$ 2791 million in 2022, with the CAGR of 6.3% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Engineered Molded Wood Pallets market research.
The expansion of the market can be attributed to the high demand for e-commerce shipping, logistics, and building and construction, which is expected to drive the demand for molded wooden pallets. Wooden pallets are the first line of defense in ensuring that the packaging is secure enough to transport the product to its destination. High-quality wooden pallets are best suited for lifting large volumes of product during transport, optimizing costs in case of damage or contamination. It also prevents any injuries that may occur due to overloading of the workforce. Shippers choose pallets that meet global shipping needs in an efficient manner. Shipments where space is scarce and require full-size as well as small-size pallets drive the growth of the molded wood pallets market. Instead of focusing on reducing costs, shippers are focusing on packaging that is tough, high tensile strength, durable, lightweight and resistant to high temperatures. Shipping efficiency and safe shipping play a vital role in the supply chain. As far as manufacturing is concerned, secure packaging is critical to improving shipping quality. The introduction of RFID tags for pallet tracking makes it easy to operate security surveillance systems as well as automated inventory and warehouse management. With the increasing usage of RFID tags in the global pallet industry, the consumption of pallets is expected to increase in the coming years. The electronics industry has caused considerable change in the packaging industry, thus sparking manufacturers' interest in using RFID tags in pallets. Increased use of packaging solutions, offering convenience, and better efficiency than other pallets is expected to drive the demand for molded wooden pallets. According to Interreg Europe, the European regional development fund, 1,793,748 tonnes of wood are recycled each year, 62% of which is used in the packaging industry. European governments and associations provide €22 million per year to co-finance all collection and recycling activities. Molded wood pallets or pressed wood pallets are ISPM-15 compliant which makes them more popular than other pallets. Solid wood pallets should be shipped to National Wood Pallet and Container Association standards for safe shipping. The global demand for molded wood pallets is expected to increase over the forecast period owing to the reusable and recyclable nature of the product.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Engineered Molded Wood Pallets market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
Litco International
Millwood
Snyder Industries
Custom Equipment Company
The Nelson Company
Beacon Industries
INKA Paletten
Brambles
Engelvin Bois Moule
Nefab Group
Presswood International
ENNO Marketing
CABKA Group
Schoeller Allibert Services
Loscam Australia
Craemer
Kronus Group
Linyi Kunpeng Wood
JP Pallets
Taik Sin Timber Industry
First Alliance Logistics Management
Binderholz
Pentagon Lin
Segment by Type
Nestable Pallets
Rackable Pallets
Manufacturing
Logistics & Transportation
Building & Construction
Others
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
The Engineered Molded Wood Pallets report covers below items
Chapter 1Product Basic Information (Definition, Type and Application)
Chapter 2Manufacturers’ Competition Patterns
Chapter 3Country Level Sales Analysis
Chapter 4Product Type Analysis
Chapter 5Product Application Analysis
Chapter 6Manufacturers’ Outline
Chapter 7Industry Chain, Market Channel and Customer Analysis
Chapter 8Market Opportunities and Challenges
Chapter 9Market Conclusions
Chapter 10Research Methodology and Data Source
According to MRAResearch’s new survey, global Engineered Molded Wood Pallets market is projected to reach US$ 4162.4 million in 2029, increasing from US$ 2791 million in 2022, with the CAGR of 6.3% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Engineered Molded Wood Pallets market research.
The expansion of the market can be attributed to the high demand for e-commerce shipping, logistics, and building and construction, which is expected to drive the demand for molded wooden pallets. Wooden pallets are the first line of defense in ensuring that the packaging is secure enough to transport the product to its destination. High-quality wooden pallets are best suited for lifting large volumes of product during transport, optimizing costs in case of damage or contamination. It also prevents any injuries that may occur due to overloading of the workforce. Shippers choose pallets that meet global shipping needs in an efficient manner. Shipments where space is scarce and require full-size as well as small-size pallets drive the growth of the molded wood pallets market. Instead of focusing on reducing costs, shippers are focusing on packaging that is tough, high tensile strength, durable, lightweight and resistant to high temperatures. Shipping efficiency and safe shipping play a vital role in the supply chain. As far as manufacturing is concerned, secure packaging is critical to improving shipping quality. The introduction of RFID tags for pallet tracking makes it easy to operate security surveillance systems as well as automated inventory and warehouse management. With the increasing usage of RFID tags in the global pallet industry, the consumption of pallets is expected to increase in the coming years. The electronics industry has caused considerable change in the packaging industry, thus sparking manufacturers' interest in using RFID tags in pallets. Increased use of packaging solutions, offering convenience, and better efficiency than other pallets is expected to drive the demand for molded wooden pallets. According to Interreg Europe, the European regional development fund, 1,793,748 tonnes of wood are recycled each year, 62% of which is used in the packaging industry. European governments and associations provide €22 million per year to co-finance all collection and recycling activities. Molded wood pallets or pressed wood pallets are ISPM-15 compliant which makes them more popular than other pallets. Solid wood pallets should be shipped to National Wood Pallet and Container Association standards for safe shipping. The global demand for molded wood pallets is expected to increase over the forecast period owing to the reusable and recyclable nature of the product.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Engineered Molded Wood Pallets market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Litco International
Millwood
Snyder Industries
Custom Equipment Company
The Nelson Company
Beacon Industries
INKA Paletten
Brambles
Engelvin Bois Moule
Nefab Group
Presswood International
ENNO Marketing
CABKA Group
Schoeller Allibert Services
Loscam Australia
Craemer
Kronus Group
Linyi Kunpeng Wood
JP Pallets
Taik Sin Timber Industry
First Alliance Logistics Management
Binderholz
Pentagon Lin
Segment by Type
Nestable Pallets
Rackable Pallets
Segment by Application
Manufacturing
Logistics & Transportation
Building & Construction
Others
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
The Engineered Molded Wood Pallets report covers below items
Chapter 1Product Basic Information (Definition, Type and Application)
Chapter 2Manufacturers’ Competition Patterns
Chapter 3Country Level Sales Analysis
Chapter 4Product Type Analysis
Chapter 5Product Application Analysis
Chapter 6Manufacturers’ Outline
Chapter 7Industry Chain, Market Channel and Customer Analysis
Chapter 8Market Opportunities and Challenges
Chapter 9Market Conclusions
Chapter 10Research Methodology and Data Source