Pallet Pooling/Rentals Market Size & Share Analysis - Growth Trends & Forecast (2024-2029)

The Pallet Pooling/Rentals Market Report is Segmented by Pallets Type (Plastic, Wood, Cardboard, and Metal), End-User Industry (Transportation & Warehousing, Food & Beverages, Pharmaceuticals, Retail, Manufacturing, Other End-User Industries), and Geography (North America [United States and Canada], Europe [France, Germany, Italy, Spain, United Kingdom, and Rest of Europe], Asia-Pacific [China, India, Japan, Australia & New Zealand, and Rest of Asia-Pacific], Latin America [Brazil, Mexico, Argentina, and Rest of Latin America], Middle East & Africa [United Arab Emirates, Saudi Arabia, South Africa, Egypt, and Rest of Middle East & Africa]). The Market Sizes and Forecasts are Provided in Terms Of Volume for all the Above Segments.

Pallet Pooling/Rentals Market Size

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Pallet Pooling/Rentals Market Summary
Study Period 2019 - 2029
Market Volume (2024) 6.15 Billion units
Market Volume (2029) 7.89 Billion units
CAGR (2024 - 2029) 5.11 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Pallet Pooling/Rentals Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Pallet Pooling/Rentals Market Analysis

The Pallet Pooling/Rentals Market size in terms of shipment volume is expected to grow from 6.15 Billion units in 2024 to 7.89 Billion units by 2029, at a CAGR of 5.11% during the forecast period (2024-2029).

  • Pallet pooling/rentals is a share-and-reuse framework based on circular economy principles. It offers a sustainable and efficient alternative to traditional single-use pallets. Various pallets, such as plastic pallets, wood pallets, and others, are circulated among stakeholders, including producers, distributors, retailers, and transporters, fostering efficiency and sustainability. This method has gained traction as a pivotal pallet management strategy,
  • Various key players, such as PECO, PCT, IGPS, and CHEP, are encouraging the reduction of single-use pallets and offering end users the opportunity to switch to multi-use pallets. Manufacturers such as PCT provide online platforms for pallet users to establish personalized pallet pools, fostering sustainability by connecting them directly with suppliers and customers.
  • There is a rising focus on lightweight and sustainable materials in the design and manufacture of pallets. Providers in the pallet pooling sector are increasingly turning to materials such as plastic, metal alloys, composite wood, and presswood pallets. These materials provide durability and strength and align with environmental sustainability goals. Additionally, they help cut down on transportation costs and lower carbon emissions.
  • Reverse logistics, encompassing product returns, recalls, and recycling, is increasingly pivotal in the pallet pooling market. Providers in this sector now offer reverse logistics solutions to aid companies in streamlining pallet returns, enhancing asset utilization, and curbing waste in their supply chains.
  • Additionally, trends such as pallet stockpiling underscore the underconsumption of pallet assets. Smart pallet monitoring technologies facilitate a digital shift in the availability and usage of pallet stocks.
  • However, supply chain continuity faces a significant threat due to pallet theft, which is driven by supply shortages and soaring demand. CHEP, one of the key players in the market, estimates that Europe witnesses the theft of millions of pallets annually, either with their cargo or used illicitly. Given the industry's growing dependence on pallet circularity, these losses are becoming potential disruptions to the supply chain.
  • However, smart pallet monitoring minimizes losses by offering real-time data insights on shipments and pallets. These insights are channeled to a dashboard, accessible remotely, and equipped with pre-set alerts, geofencing, and tracking features. Thus, remote monitoring technology can track shipments throughout the supply chain, even in high-risk shipping zones and with high-value shipments, ensuring timely delivery and efficient pallet circulation. In case of theft, these smart monitoring systems significantly enhance the chances of recovery.

Pallet Pooling/Rentals Market Trends

Rising Demand for Plastic Pallets in Pooling Systems

  • In the dynamic logistics and supply chain management landscape, businesses increasingly use innovative transportation solutions, such as plastic pallet pooling systems. These solutions aim to enhance efficiency, reduce costs, and promote environmental sustainability.
  • Plastic pallets are lighter than their traditional counterparts, making them easier to handle and transport. Reduced weight of plastic pallets not only streamlines logistics but also enhances fuel efficiency in transportation, ultimately reducing carbon emissions.
  • Plastic pallets are typically manufactured from high-density polyethylene (HDPE) or polypropylene (PP). They are available in different shapes, designs, and sizes in various countries; for instance, plastic pallets with sizes 48''x48'', 48''x45'', and others are popular in the United States.
  • Additionally, plastic pallets can be tailored to specific requirements, optimizing warehouse operations. Businesses can maximize space utilization and reduce waste by customizing plastic pallets to accommodate various products.
  • Moreover, plastic pallets are gaining popularity in pooling systems among various users due to their beneficial properties, such as being nonabsorbent of moisture, durable, and recyclable. The durability of plastic pallets ensures a longer use period and minimizes the need for frequent replacements. This longevity translates into fewer resources being used over time, contributing to resource conservation and waste reduction.
  • Plastic pallets are increasingly favored in pooling systems for various advantages, such as being resistant to moisture and recyclable. Moreover, plastic pallets' durability extends their lifespan and reduces the frequency of replacements. This longevity not only conserves resources but also aids in waste reduction. Businesses can significantly reduce their environmental footprint and support a more sustainable future by opting for plastic pallets in the pooling system, thus increasing the popularity of plastic pallets in the pooling system globally.
  • Also, due to their uniformity, plastic pallets enable precise calibration of automated palletizers, conveyor belts, and automated storage and retrieval systems (ASRS). Their nail and splinter-free design minimizes equipment damage, ensuring automated systems run at peak efficiency, reducing downtime, and boosting demand for plastic pallets in the pooling system globally.
Pallet Pooling/Rentals Market: Pallets Size Distribution Estimated Share (In Percentage), United States, 2024

North America Dominates the Pallet Pooling/Rentals System

  • The increasing emphasis on sustainability in North America drives end users to embrace pallet pooling systems. Pallet pooling, a management strategy, fosters pallet reuse and cost savings and is an underappreciated environmental best practice.
  • Additionally, pallet pooling offers several benefits to users, such as reducing the need to manufacture new pallets and resulting in lower cost per trip compared to single-use pallets, which is gaining attention among the end users in this region.
  • In North America, two primary pallet pooling models are prevalent, especially in industries like the fast-moving consumer goods (FMCG) sector. These models include third-party rental and the Grocery Manufacturers Association (GMA) common pool.
  • Pallets with dimensions 48″x40″ are commonly referred to as GMA pallets and are widely used in North America. Notably, Pallet rental is dominated by a handful of large players in the United States, which need extensive pallet inventories and a robust retrieval network.
  • Small rental providers in North America also provide tailored pallet solutions to less complex supply chains. Users benefit from renting premium-quality pallets at a lower cost than purchasing a new pallet, thus supporting the growth of this region's pallet pooling/rental market.
Pallet Pooling/Rentals Market: Pallets Pooling/Rental Market - Market CAGR (%), By Region, 2023

Pallet Pooling/Rentals Industry Overview

The pallets pooling/rental market is fragmented, with various global and local players operating. The market players have adopted key developmental strategies, such as new technological advancements, to fuel the pallets pooling/rental market growth in terms of value sales. The companies also continuously focus on R&D to keep a strong foothold in the market and boost the demand for pallets on a rental basis. Key pallet pooling/rental market players include iGPS Logistics, LLC, Orbis Corporation, CHEP (Brambles Limited), PECO Pallet Inc., and IFCO Management GmbH.

In January 2024, IFCO, the world’s leading provider of Reusable Packaging Containers (RPCs), launched 'Dora,' a reusable plastic pallet in Europe. It will be available through IFCO’s circular pooling system. Dora effortlessly integrates into current fresh grocery supply chains. This integration not only enhances logistics efficiency but also bolsters sustainability efforts for both suppliers and retailers. The IFCO Plastic Pallet enhances efficiency, reduces transportation costs, and improves safety in critical areas of the transportation sector.

Pallet Pooling/Rentals Market Leaders

  1. iGPS Logistics

  2. Orbis Corporation

  3. CHEP (Brambles Limited)

  4. IFCO Management GmbH

  5. PECO Pallet, Inc.

*Disclaimer: Major Players sorted in no particular order

Pallet Pooling/Rentals Market Concentration
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Pallet Pooling/Rentals Market News

  • April 2024: CHEP, a prominent provider of pallet and container pooling solutions, alerted the public about the unauthorized use and misappropriation of its equipment in circulation. The equipment, ranging from wooden pallets to shipping containers, prominently features the CHEP logo in blue color and phrases like "Property of CHEP" or "Owned by CHEP" for clear identification. This would aid the company in mitigating the potential disruption in the pallet supply chain.
  • March 2024: ORBIS Corporation, a global leader in reusable packaging solutions, introduces an extended-life reusable, recyclable 40''×48'' ‘Odyssey’ 3-runner pallet to enhance handling efficiency in automation. Its key features include a reinforced structure and a unique flow-through design, ensuring dimensional consistency and facilitating easy cleaning, thereby maintaining optimal plant and equipment hygiene.

Pallet Pooling/Rentals Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Value Chain Analysis

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Buyers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

    4. 4.4 Industry Regulations, Policies, and Standards for Pallet Management Globally

    5. 4.5 Emerging Trends in Pallet Industry & Development of New Pallet Formats

    6. 4.6 Pallet Volume Shipment Analysis: Overall Pallets Market

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Growing Innovation in Custom Pallet Design

      2. 5.1.2 Rising Demand for Plastic Pallets in Pooling System

    2. 5.2 Market Restraint

      1. 5.2.1 Increase in Pallet Theft in the Supply Chain

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Material Type

      1. 6.1.1 Plastic

      2. 6.1.2 Wood

      3. 6.1.3 Cardboard

      4. 6.1.4 Metals

    2. 6.2 By End-user Industries

      1. 6.2.1 Transportation & Warehousing

      2. 6.2.2 Food & Beverages

      3. 6.2.3 Pharmaceuticals

      4. 6.2.4 Retail

      5. 6.2.5 Manufacturing

      6. 6.2.6 Other End-user Industries

    3. 6.3 Geography***

      1. 6.3.1 North America

        1. 6.3.1.1 United States

        2. 6.3.1.2 Canada

      2. 6.3.2 Europe

        1. 6.3.2.1 France

        2. 6.3.2.2 Germany

        3. 6.3.2.3 Italy

        4. 6.3.2.4 Spain

        5. 6.3.2.5 United Kingdom

      3. 6.3.3 Asia

        1. 6.3.3.1 China

        2. 6.3.3.2 India

        3. 6.3.3.3 Japan

        4. 6.3.3.4 Australia & New Zealand

      4. 6.3.4 Latin America

        1. 6.3.4.1 Brazil

        2. 6.3.4.2 Mexico

        3. 6.3.4.3 Argentina

      5. 6.3.5 Middle East and Africa

        1. 6.3.5.1 United Arab Emirates

        2. 6.3.5.2 Saudi Arabia

        3. 6.3.5.3 Egypt

        4. 6.3.5.4 South Africa

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles*

      1. 7.1.1 CHEP (Brambles Limited)

      2. 7.1.2 PECO Pallet Inc.

      3. 7.1.3 iGPS Logistics LLC

      4. 7.1.4 Orbis Corporation

      5. 7.1.5 EXZOD India Private Limited

      6. 7.1.6 IFCO Management GmbH

      7. 7.1.7 LEAP India Private Limited

      8. 7.1.8 Schoeller Allibert

      9. 7.1.9 CABKA Group GMBH

      10. 7.1.10 NEFAB Group

      11. 7.1.11 La Palette Rouge

  8. 8. INVESTMENT ANALYSIS

  9. 9. FUTURE OF THE MARKET

***In the final report, Asia, Australia, and New Zealand will be studied together as 'Asia Pacific'. Other European Countries will be studied together as 'Rest of Europe', Other Asian Countries will be studied together as 'Rest of Asia Pacific', Other Latin American Countries will be studied together as ' Rest of Latin America', and Other Middle East and African Countries will be studied together as ' Rest of Middle East and Africa'.
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Pallet Pooling/Rentals Industry Segmentation

Pallet pooling and rentals have become increasingly popular as useful management methods for pallets globally. Advanced tracking technologies, such as RFID and barcodes, propel the pallet pooling and rental market. They facilitate real-time monitoring of pallets, leading to improved efficiency, reduced losses, and enhanced inventory management throughout the supply chain.

The pallet pooling/rentals market is segmented by pallet type (plastic, wood, cardboard, metal), end-user industry (transportation & warehousing, food & beverages, pharmaceuticals, retail, manufacturing, other end-user industries), and geography (North America [United States and Canada], Europe [France, Germany, Italy, Spain, United Kingdom, and Rest of Europe], Asia-Pacific [China, India, Japan, Australia & New Zealand, and Rest of Asia Pacific], Latin America [Brazil, Mexico, Argentina and Rest of Latin America], and Middle East & Africa [United Arab Emirates, Saudi Arabia, South Africa, Egypt, and Rest of Middle East & Africa]). The report offers market sizes and volume forecasts for all the above segments.

By Material Type
Plastic
Wood
Cardboard
Metals
By End-user Industries
Transportation & Warehousing
Food & Beverages
Pharmaceuticals
Retail
Manufacturing
Other End-user Industries
Geography***
North America
United States
Canada
Europe
France
Germany
Italy
Spain
United Kingdom
Asia
China
India
Japan
Australia & New Zealand
Latin America
Brazil
Mexico
Argentina
Middle East and Africa
United Arab Emirates
Saudi Arabia
Egypt
South Africa
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Pallet Pooling/Rentals Market Research FAQs

The Pallet Pooling/Rentals Market size is expected to reach 6.15 billion units in 2024 and grow at a CAGR of 5.11% to reach 7.89 billion units by 2029.

In 2024, the Pallet Pooling/Rentals Market size is expected to reach 6.15 billion units.

iGPS Logistics, Orbis Corporation, CHEP (Brambles Limited), IFCO Management GmbH and PECO Pallet, Inc. are the major companies operating in the Pallet Pooling/Rentals Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Pallet Pooling/Rentals Market.

In 2023, the Pallet Pooling/Rentals Market size was estimated at 5.84 billion units. The report covers the Pallet Pooling/Rentals Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Pallet Pooling/Rentals Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Pallet Pooling/Rentals Industry Report

Statistics for the 2024 Pallet Pooling/Rentals market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Pallet Pooling/Rentals analysis includes a market forecast outlook for 2024 to (2024to2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Pallet Pooling/Rentals Market Size & Share Analysis - Growth Trends & Forecast (2024-2029)