Global Pallet Pooling Market Size, Status and Forecast 2021-2027

The global pallet pooling market size is projected to reach US$ 12480 million by 2027, from US$ 8479.9 million in 2020, at a CAGR of 5.5% during 2021-2027. Key drivers leading the growth of the pallet pooling market include the rising demand for plastic pallets across various industry verticals globally as they are eco-friendly and lightweight and further development of innovative and smart pallets with digital technologies for warehousing and transportation consumers across the globe.

Pallet pooling is the process of renting or leasing pallets from a shared pool. It helps in reducing the costs involved in the transportation of goods and supply chain management. Evolving automation in distribution centers leading to faster adoption of automated palletization processes for effective cost savings and storage is another factor fuelling the growth of the global pallet pooling market. The eventual shift to robotic palletization processes with increasing usage of bots for transportation of goods to and from storage and different processing areas is also fuelling the growth of the pallet pooling market.

Trends Influencing the Pallet Pooling Market 

Increasing adoption of innovative pallets across all industry verticals

Major players are concentrating on developing smart and innovative pallets with digital technologies due to the growing demand for smart pallets from transportation and warehousing consumers across the globe. These new pallets come with Radio Frequency Identification chips(RFID chips) which help in tracking and flowing pallets for accurate management. The RFID chips can sense the impact, humidity, and temperature to enable safety, especially in the food supply chain. Such new innovations are driving the growth of the pallet pooling market and will continue further during the forecast period.

Rising popularity of plastic pallets

Earlier wooden pallets were being used due to their strength and easy manufacturing process. But certain disadvantages of wooden pallets such as moisture absorption, less durability, and cleanliness problems, etc have forced logistical companies to shift to plastic pallets due to their lightweight and eco-friendly nature. Further rising concern for reducing carbon footprint is also driving growth for plastic pallets leading to a rise in the pallet pooling market globally.

Rising Adoption of automated palletization process in distribution centers and warehouses

Rising automation provides cost-effective solutions for market needs such as space savings and improved productivity. Automated palletization processes are being adopted faster by distribution centers of various companies as they provide lower costs for high volume and standardized products. This in turn is fuelling the growth of the pallet pooling market globally. Usage of robots and bots for carrying goods to and from storage centers and palletization processes is also aiding the growth of the pallet pooling market.

The presence of key market players is also aiding the growth of the market

The presence of key pallet-making companies both small and large and the rising investments in research and development of superior pallets is also expanding the customer base thereby increasing the growth of the pallet pooling market. The key market players include Brambles Limited, Buckhorn, etc.

Pallet Pooling Market Share Analysis

Based on region North America is expected to be one of the most lucrative regions during the forecast period due to the adoption of advanced technology and the presence of prominent market players in this region and increased consumption of packaged food.

Based on application the FMCG market is expected to be one of the most lucrative applications during the forecast period due to the increasing usage of pallets in the FMCG industry in transportation, packaging, and supply chain management.

Based on Company CHEP(a subsidiary of Brambles), Faber Halbertsma group and Euro pool group are expected to hold the largest pallet pooling market share as they are the key market players in the industry.

Pallet Pooling Market By Type

• Tray static leasing
• Tray dynamic flow

Pallet Pooling Market By Application

• Fast consumer goods industry
• Chemical Industry and Pharmaceutical Industry
• Mechanical equipment
• Other

Pallet Pooling Market By Regions

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic
• Rest of Europe
• Asia-Pacific
• China
• Japan
• South Korea
• Southeast Asia
• India
• Australia
• Rest of Asia
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of MEA

Pallet Pooling Market By Companies

• Brambles Limited
• Buckhorn
• CABKA Group
• Contraload NV
• Demes Logistics GmbH & Co. KG
• Euro Pool System International
• Faber Halbertsma Groep B.V.
• iGPS Logistics LLC
• Litco International
• Loscam Australia Pty. Ltd.
• PPS Midlands Limited
• Schoeller Arca Time Materials Handling Solutions Limited
• The Corrugated Pallets Company
• Tianjin CIMC Logistics Equipment
• Zentek Pool System GmbH