Pallet Pooling System Rental Market | Contrive Datum Insights

The global Pallet Pooling System Rental market is projected to grow at a CAGR of approximately 6.40% over the period 2023-2030.

Pallet Pooling System Rental Market Overview:

Pallet pooling system rental companies, also known as closed-loop leasing systems, assist end users by leasing pallets and managing pallets. Factors such as growing demand from the pharmaceutical industry for easy sterilization solutions for handling products and product transport with minimal contact will drive market growth. Additionally, the integration of advanced technologies will create lucrative opportunities for market growth in the coming years.

Pallet pooling has become popular in recent years as a result of the widespread use of pallets by various businesses. Pallets are widely used in the food and beverage, electronics, FMCG, pharmaceutical and chemical industries. Consequently, increasing demand from all these industries indicates that the global pallet pooling industry has room for growth. FMCG is one of the key segments driving growth, and as a result of FMCG growth, the pallet pooling market is about to grow in the coming years.

This report helps readers develop business/growth strategies, assess the market competitive landscape, analyze their current position in the market, and make informed business decisions regarding pallet pooling system rentals.

Pallet Pooling System Rental market size, estimates and forecasts are provided in terms of sales volume (K Units) and revenue (million USD), along with historical and forecast data for the period 2017 to 2030, considering 2022 as the base year. . This report segments the global Pallet Pooling system rental market in detail. Regional market sizes related to products by type, by application, and by a player are also provided. The impact of COVID-19 and the Russo-Ukrainian War were taken into account while estimating the market size.

Key Market Updates:

• In December 2020, Tosca Services LLC issued a statement announcing the acquisition of Polymer Logistics. Tosca's acquisition of Polymer will expand its reach and product selection globally. Customers will benefit from increased network density and a wide range of products, especially in the United States.

Major Market Segments Covered in Pallet Pooling System Rental Industry Research:

Market Key Players:

iGPS Logistics, Loscam Australia, Brambles Limited, Contraload NV, Demes Logistics, Euro Pool Group, Faber Halbertsma Groep, PPS Midlands, Zentek Pool System GmbH, and Others.

By Type:

• HDPE
• Polypropylene
• Advanced Composite Material
• Tray Static Leasing
• Tray Dynamic Flow
• Others

Based on type, the market is segmented into tray static rental and tray dynamic flow. A tray fixed lease is when the pallet is not moving. For example, pallets are used to store inventory in warehouses. Tray Dynamic Flow is when pallets are used to transport cargo.

By Size

• 1016 mm × 1219 mm
• 1000 mm × 1200 mm
• 1100 mm × 1100 mm
• Other

By Application:

• FMCG
• Food and Beverage
• Pharmaceuticals
• Electronics
• Chemical and Petrochemical
• Other

On the basis of application, the market is segmented into fast moving consumer goods industry, pharmaceutical and chemical industry, machinery and automotive industry, and others. The increasing use of pallets in the FMCG industry for transportation, packaging and supply chain management will make the FMCG market one of the most attractive segments in the forecast period.

By Region:

Analysis shows that in North America, approximately 2 billion pallets are distributed in the United States. In addition, the major market players in the United States are driving market growth in their respective regions during the forecast period. Also, the surge in demand for Pallet Pooling systems in warehouses of major e-commerce giants will increase the growth of this regional market.

On the basis of analysis, following Europe, the European Union has 280 million pallets, and end users prefer rental Pallet Pooling systems over owning Pallet Pooling systems due to maintenance costs, replacement and other related costs. Therefore, this will have a positive impact on the growth of the market over the next few years. However, Asia Pacific is estimated to exhibit the highest CAGR during the forecast period. Additionally, the expansion of key market players across emerging economies including India and China will drive market growth over the next few years.

Key Pallet Pooling System Rental Market Driver

• Growing Demand for Plastic Pallets Due to Sustainability and Reduced Transportation Costs
• Growing e-commerce sales have boosted the demand for pallets in the warehouse and distribution sector.

Key Pallet Pooling System Rental Market Trend

• Increasing adoption of recyclable pallets
• Increased penetration of pallet tracking technology.

Key Pallet Pooling System Rental Market Restraints

• Rising wood and timber prices
• The epidemic has adversely affected the Pallet Pooling industry.

Key Pallet Pooling System Rental Market Challenge

• Skilled Labor Cost Rising.

Pallet Pooling System Rental Market report scope:

Key Takeaways from this Pallet Pooling System Rental Report

• Estimate Pallet Pooling System Rental market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Pallet Pooling System Rental market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.