U.S. Plastic Pallets Market Size & Outlook, 2023-2030
U.S. plastic pallets market, 2018-2030 (US$M)
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U.S. plastic pallets market highlights
- The U.S. plastic pallets market generated a revenue of USD 1,718.3 million in 2023 and is expected to reach USD 2,423.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5% 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.
Plastic pallets market data book summary
| Market revenue in 2023 | USD 1,718.3 million |
| Market revenue in 2030 | USD 2,423.9 million |
| Growth rate | 5% (CAGR from 2023 to 2030) |
| Largest segment | High-density polyethylene |
| Fastest growing segment | Polypropylene |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, U.S. accounted for 22.5% of the global plastic pallets market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. plastic pallets market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 461.1 million by 2030.
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Plastic Pallets Market Scope
Plastic Pallets Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 68.42% in 2023. Horizon Databook has segmented the U.S. plastic pallets market based on high-density polyethylene, low-density polyethylene, polypropylene covering the revenue growth of each sub-segment from 2018 to 2030.
Transportation and logistics industry in the U.S. has been growing year-on-year with increasing demand from imports and exports coupled with augmenting FDI (foreign direct investment) in the country. Companies in the country have been continuously updating their technologies and enhancing logistics services to provide faster and better services to customers.
For instance, in 2018, XPO Logistics, Inc. launched a mobile app named “Drive XPO” that helped truckers to book the load through the app. This has been resulting in managed and easy transportation. The company is planning to invest in technology to offer better logistics services.
Technology investments and innovations such as these by logistics companies are expected to result in smooth and quick logistics services, which, in turn, is expected to drive the demand for plastic Pallet in the country.
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Our clientele includes a mix of plastic pallets market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. plastic pallets market , including forecasts for subscribers. This country databook contains high-level insights into U.S. plastic pallets market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. plastic pallets market size, by material, 2018-2030 (US$M)
U.S. Plastic Pallets Market Outlook Share, 2023 & 2030 (US$M)
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