The European pallet market is expected to increase by 442.76 million units from 2020 to 2025, with an accelerated CAGR of 4.62%- according to the recent market study by Technavio.
The high applications in the shipping and load handling sectors is one of the major factors fueling pallet market growth in Europe.
The rising demand for plastic pallets will drive the growth of the pallet market in Europe.
Western Europe will register the highest growth rate of 65% among the other regions. Therefore, the pallet market in Western Europe is expected to garner significant business opportunities for the vendors during the forecast period.
According to the study authors, plastic pallet market vendors should focus on grabbing business opportunities from the wooden pallets segment as it accounted for the largest market share in the base year.
The Pallet Market Share in Europe is expected to increase by 442.76 million units from 2020 to 2025, with an accelerated CAGR of 4.62%- according to the recent market study by Technavio.
- The high applications in the shipping and load handling sectors is one of the major factors fueling pallet market growth in Europe.
- The rising demand for plastic pallets will drive the growth of the pallet market in Europe.
- Western Europe will register the highest growth rate of 65% among the other regions. Therefore, the pallet market in Western Europe is expected to garner significant business opportunities for the vendors during the forecast period.
- The pallet market vendors should focus on grabbing business opportunities from the wooden pallets segment as it accounted for the largest market share in the base year.
Contents
- The pallet market share growth in Europe by the wooden pallets segment will be significant during the forecast period.
- Wooden pallets are the most widely used type of pallets owing to their price performance, reliability, and ease of availability.
- A timber pallet is up to six times less costly than its plastic equivalent. Such factors have driven the demand for timber pallets in the regional wooden pallet market.
- 65% of the market’s growth will originate from Western Europe during the forecast period.
- France, Germany, Italy, and the UK are the key markets for pallets in Western Europe. However, the market growth rate in Western Europe will be slower than the growth of the market in Eastern Europe.
- The presence of numerous manufacturing industries will facilitate the pallet market growth in Western Europe over the forecast period.
Vendor Insights
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- AUER Packaging GmbH
- Brambles Ltd.
- Craemer GmbH
- Falkenhahn AG
- Groupe PGS
- Nefab AB
- PalettenWerk Kozik Spolka Jawna
- Palletkraft Europe Ltd.
- Schoeller Allibert Services BV
- Vierhouten Groep BV
The pallet market in Europe is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.