Presswood Pallets Market
Jul 19, 2023
The Presswood Pallets Market is witnessing substantial growth as businesses increasingly embrace sustainable and cost-effective packaging solutions. Presswood pallets, also known as molded wood pallets, are manufactured from compressed wood fibers, making them lightweight, sturdy, and environmentally friendly. These pallets offer excellent load-bearing capacity, and resistance to moisture and pests, and are ISPM 15 compliant, eliminating the need for additional treatment for international shipments.
Their reusable and recyclable nature reduces waste and supports circular economy principles. As industries seek to optimize logistics and reduce carbon footprints, Presswood pallets emerge as a favored choice, driving the market’s expansion in various sectors such as logistics, manufacturing, and retail.
As per FMI, the global presswood pallets market size is expected to reach a valuation of US$ 5.4 Bn by 2032 and exhibit growth at a CAGR of 5.8% from 2022 to 2032.
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Presswood pallets, often referred to as molded wooden pallets, are created from scrap pallets, sawdust, raw wood shavings, and other materials containing wood fiber. They have a special design that allows them to support heavy loads, while still being very light.
They may also be nested or stacked, which helps to save on storage space and shipping expenses. Usually, they are created from pine trees, and wood recycling businesses or logging operations provide raw materials required for making the chips. This makes them environmentally friendly.
Increasing investments in the development of manufacturing and infrastructure facilities worldwide is expected to aid growth. Besides, surging economic activities and expansion of the e-commerce industry are likely to boost growth.
Additionally, rising demand from the packaging and automobile industries would augment growth. Enhancement of warehousing and logistics infrastructure in various parts of the globe is another vital factor that would aid growth.
Key Takeaways: Presswood Pallets Market
“Ongoing development of smart technologies by manufacturers to innovate their existing pallets with features like RFID tags is anticipated to drive growth,” says an FMI analyst.
Increasing Use of Presswood Pallets in the Logistics Sector to Aid Growth
Expansion of the logistics sector is likely to boost demand for presswood pallets in the next decade. Pallets are a vital logistical tool used in packing and are primarily utilized as load carriers.
They are useful in logistics as they make stacking, storing, assembling, or transportation of products over long distances simpler than other types of products. They can also increase the efficiency of warehouse operation by allowing for the simple transfer of stacked goods by using equipment or machines.
Competitive Landscape: Presswood Pallets Market
Some of the leading players in the global presswood pallets market include Millwood, Inc., Litco International, Inc., Inka Paletten GmbH, Associated Pallets Ltd., Acorn Packaging Services Ltd., SDI Packaging, Craemer GmbH Krones Group, Loscam Australia Pvt Ltd, Linyi Kunpeng Wood Co, JP Pallets, Taik Sin Timber Industry Sdn Bhd, Plastochem India Pvt. Ltd., Schoeller allibert services, Hangzhou Penno Packtech Co., Ltd., Enviva, Universal Forest Products, Palcon LLC, The Nelson Company, Rowlinsons Packaging Ltd, and Bay Wood Products, Inc. among others.
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Get More Insights on Presswood Pallets Market
Future market insights, in its new report, offers an unbiased analysis of the market for presswood pallets market by product type (nestable pallet/stackable pallet and rackable pallet), size (full-size presswood pallet, half-size presswood pallet, and quarter-size presswood pallet), and end use (manufacturing & warehousing, logistics & transportation, building & construction, and others) across seven regions.
About the Packaging Division at Future Market Insights
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analyzed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
Global Presswood Pallets Market Outlook by Category
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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact:Future Market Insights Inc.Christiana Corporate, 200 Continental Drive,Suite 401, Newark, Delaware – 19713, USAT: +1-845-579-5705For Sales Enquiries: [email protected]Browse latest Market Reports: https://www.futuremarketinsights.com/reportsUS$ 5.4 Bn5.8%Experience the Insights Firsthand: Request a Sample Report!Key Takeaways: Presswood Pallets MarketUS$ 1.5 BnUS$ 2.2 MnUS$ 167 Mn5.3%“Ongoing development of smart technologies by manufacturers to innovate their existing pallets with features like RFID tags is anticipated to drive growth,” says an FMI analyst.Increasing Use of Presswood Pallets in the Logistics Sector to Aid GrowthCompetitive Landscape:Presswood Pallets MarketTOC Explained: A Guide to Table of Contents!Get More Insights on Presswood Pallets MarketAbout the Packaging Division at Future Market InsightsGlobal Presswood Pallets Market Outlook by CategorySeeking expert insights? Ask our analyst now!ABOUT FUTURE MARKET INSIGHTS, INC.Contact:For Sales Enquiries:Browse latest Market Reports: