Latest News- Pallet Market in Europe: Wooden pallet is expected to lead the Product segment during 2025-2029

The Pallet Market in Europe is being driven by High applications of pallets in shipping and load-handling sectors

The Pallet Market in Europe is expected to grow at a CAGR of 5.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 7.14 billion. Incorporating Internet of Things (IoT) technology into pallets involves equipping them with sensors, communication devices, and data processing capabilities. This enables real-time monitoring of pallet location, movement, and environmental conditions throughout the supply chain. IoT-enabled pallets are particularly beneficial for industries such as pharmaceuticals and food, where maintaining specific conditions is essential. Sensors embedded in these pallets can detect temperature, humidity, and shock levels, generating valuable data for trend analysis, process optimization, and inventory management. This data-driven approach enhances supply chain efficiency by providing businesses with actionable insights, preventing stockouts, and minimizing overstock situations. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• High applications of pallets in shipping and load-handling sectors
• Rising demand for plastic pallets
• Growth in e-commerce

However, the market also witnesses some limitations, which are as follows:

• Rising material costs of pallets
• Lumbar shortage
• Concerns related to pallet quality and durability

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Market Scope in Pallet Market in Europe Research Report

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Research Analysis Overview

The European pallet market is experiencing growth due to increasing consumer spending and e-commerce activities. Key products include forklifts, stretch wrap, pallet collars, and various types of pallets like plastic wraps, cardboard boxes, shippers, and business items. Logistics services are in high demand, driven by technical advancements in lightweight, easy-handling pallets with shock absorption. RFID chips, composite wood, metal, and corrugated pallets are popular. Manufacturing processes like injection molding and blow molding create efficient solutions, while conveyor belts and robotic picking systems enhance productivity.

Market Research Overview

In the European pallet market, various components play a pivotal role in ensuring the efficient and effective transportation and storage of goods. These components include horizontal support platforms, forks, front loaders, substrates such as wood, plastic, or metal, stretch wrap, pallet collars, glue, and workers. The supply chain for these components is intricate, involving raw material suppliers and manufacturers of metal, glass, and plastic containers. Metal suppliers provide steel, aluminum, and tin for pallet production, while glass suppliers offer borosilicate, neutral glass, soda-lime-silica glass, treated soda-lime glass, de-alkalized soda-lime glass, and regular soda-lime glass. Plastic container raw materials include high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC). Workers are responsible for stacking products on pallets, securing them with stretch wrap, pallet collars, or glue. The use of forks and front loaders facilitates the handling and movement of pallets, while plastic wraps provide additional protection during transportation.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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