Global Pallet Pooling Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2022-2028 10-09-2023 03:17 PM CET | Logistics & Transport Press release from: Valuates Reports Pallet Pooling Market Statictics 2028 Considering the economic change due to COVID-19 and Russia-Ukraine War Influence, the global Pallet Pooling market is projected to reach US$ 13210 million by 2028 from an estimated US$ 9582.8 million in 2022, at a CAGR of 5.5% during 2023 and 2028. 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. googletag.cmd.push(function() { googletag.display(“div-gpt-ad-1692778413989-2”); }); 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. VIEW FULL REPORT 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 the largest market, with a share about 45%, followed by Asia-Pacific and Europe. Due to the adoption of advanced technology and the presence of prominent market players and increased consumption of packaged food. Based on application the FMCG is the largest market, with a share over 38%. during the forecast period due to the increasing usage of pallets in the FMCG industry in transportation, packaging, and supply chain management. FMCG is the largest market, with a share over 38%. Global key players of Pallet Pooling include Brambles Limited, Euro Pool Group, Faber Halbertsma Groep B.V, JPR and Korea Pallet Pool, etc. Top five players occupy for a share about 69%. In terms of product, Pallet Pooling is the largest segment, with a share over 81%. Pallet Pooling Market By Type Pallet Pooling Pallet Rental Pallet Pooling Market By Application FMCG Pharmaceuticals Electronics Chemical and Petrochemical Machinery Manufacturing Others 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 INQUIRE FOR SAMPLE Pallet Pooling Market By Companies rambles Limited Euro Pool Group Faber Halbertsma Groep B.V JPR Korea Pallet Pool Tosca Services, LLC IGPS Logistics LLC PECO Pallet Demes Logistics GmbH Logtek PPS Midlands SIMILAR REPORTS Valuates Reports For U.S. Toll-Free Call 1-(315)-215-3225 For IST Call +91-8040957137 WhatsApp: +91-9945648335 Website: Twitter – Valuates offers in-depth market insights into various industries. 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