Global Pallets

This study includes a Near-Term Impact of COVID-19 discussion.

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Pallets

Pallets are flat portable platforms used for handling, storing, or moving materials and packages either inside warehouses or factories or between locations.

Pallets are constructed primarily from wood but can also be made from other materials such as plastic, corrugated board, metal, or molded fiber. Pallets fabricated from more than one type of material are classified depending on the type of material accounting for the greatest portion of their composition.

Wood pallets are available in three types:

  • new
  • refurbished (reconditioned)
  • remanufactured (rebuilt)

How will the COVID-19 coronavirus impact the global economy? The Freedonia Group is tracking recent developments and analyzing their impact in an easy to follow Economic Impact Tracker.

Pallet demand in this study is also segmented by market. In analyzing demand by market, the party who places goods on the pallet is considered to be the user of the pallet:

  • For example, when a manufacturer of breakfast cereal purchases a pallet to ship boxes of the cereal, this is considered to be demand by a manufacturer in the food and beverage market.
  • When a pallet management firm purchases a pallet, stores it, and then leases it to a manufacturer, this is considered to be demand by a warehousing services provider.

Markets include:

  • manufacturing
    • food and beverage
    • transportation equipment
    • chemicals
    • other manufacturing industries (e.g., electronic products, metal products, machinery)
  • warehousing
    • third party warehousing and storage
    • pallet management services
  • construction
  • other markets (e.g., military transportation and storage, retailers)

The term “stock” refers to all pallets held by users, including those not actively in use.

Export and import figures includes only pallets traded as a good unto themselves. Pallets crossing international borders as containers for other products are excluded from trade figures.

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