North America Plastic Pallets Market Size & Outlook
North America plastic pallets market, 2018-2030 (US$M)
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North America plastic pallets market highlights
- The North America plastic pallets market generated a revenue of USD 2,209.8 million in 2023.
- The market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, high-density polyethylene was the largest revenue generating material in 2023.
- Polypropylene is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 2,209.8 million |
| Market revenue in 2030 | USD 3,152.3 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | High-density polyethylene |
| Fastest growing segment | Polypropylene |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | High-Density Polyethylene, Low-Density Polyethylene, Polypropylene |
| Key market players worldwide | Allstate Corp, Cabka, ORBIS Corp., Rehrig Pacific Company, Monoflo International, Polymer Solutions International, Perfect Pallets, TranPak |
Other key industry trends
- In terms of revenue, North America region accounted for 29.0% of the global plastic pallets market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,934.4 million by 2030.
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Plastic Pallets Market Scope
Plastic Pallets Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America plastic pallets market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to plastic pallets market will help companies and investors design strategic landscapes.
High-density polyethylene was the largest segment with a revenue share of 68.32% in 2023. Horizon Databook has segmented the North America plastic pallets market based on high-density polyethylene, low-density polyethylene, polypropylene covering the revenue growth of each sub-segment from 2018 to 2030.
The trade between the U.S., Mexico, and Canada has been growing year-on-year with agreements such as the North American Free Trade Agreement (NAFTA) and United States-Mexico-Canada Agreement (USMCA).
Some of the key freight and logistic providers include BNSF Logistics, Landstar System, Inc., Schneider, Werner Enterprises, Inc., and CSX Corporation. Third-party logistics services have also been witnessing huge demand from manufacturing and distribution companies.
However, the cross-border trade was open for freight in trucks with Canada, which was aimed to ensure continuous food, medical and other essential supplies. The halt in trade with other regions in the second quarter of the year, including Asia Pacific, Europe, and the Middle East Africa has dampen the demand in the plastic pallet market largely.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America plastic pallets market , including forecasts for subscribers. This continent databook contains high-level insights into North America plastic pallets market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America plastic pallets market size, by country, 2018-2030 (US$M)
North America Plastic Pallets Market Outlook Share, 2023 & 2030 (US$M)
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