Asia-Pacific Lumber Pallet Market, By Product Type (Stringer Lumber Pallets, Block Lumber Pallets, Double Face Pallets, Double Wing Pallets, and Others), Wood Type (Softwood and Hardwood), Size (800 x 1200 mm, 1000 x 1200 mm, 800 x 600 mm, 914 x 914 mm, 1118 x 1118 mm, 1200 x 1000 mm, and Others), Distribution Channel (Offline and Online), End-User (Food & Beverages, Pharmaceuticals, Chemicals, Retail, Automotive, and Others), Country (China, India, Japan, South Korea, Australia and New Zealand, Indonesia, Singapore, Malaysia, Thailand, Philippines, Rest of Asia-Pacific) Industry Trends and Forecast to 2028
Market Analysis and Insights: Asia-Pacific Lumber Pallet Market
The lumber pallet market is expected to gain market growth during the forecast period of 2021-2028. Data Bridge Market Research analyses that the market is expected to grow at a CAGR of 6.0% during the forecast period and expected to reach USD 3,458,396.35 million by 2028.
A lumber pallet is a flat, portable, and rigid platform that is made of wood. It is primarily used to carry heavy loads of goods and materials. Lumber pallets are also used to pile up, store, assemble, and transport goods. These pallets improve operational efficiency in warehouses by allowing easy movement of stocked goods. As the goods placed on these pallets are much heavier, they could be combined with the use of machinery or tools, such as forklifts and pallet jacks, to make the transport smoother and easier.
Lumber pallets are regarded as the safest way of dispatching different types of cargo shipments, which helps in easy handling and storage of goods on ships. Cargos placed on the pallets are secured with straps and wraps in order to stabilize and prevent any unwanted movements. Lumber pallets can be held by their own weight and are suitable for heavy objects and loads. The likelihood of damage to the cargo is highly minimized with the use of lumber pallets. These pallets are used for efficient transport in receiving and dock handling of raw produce in lug boxes, crates, boxes, hampers, and for loading empty containers for reuse.
This lumber pallet market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an analyst brief, our team will help you create a revenue impact solution to achieve your desired goal.
Asia-Pacific Lumber Pallet Market Scope and Market Size
Asia-Pacific lumber pallet market is segmented into product type, wood type, size, distribution channel, and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the market is segmented into stringer lumber pallets, block lumber pallets, double face pallets, double wing pallets, and others. The demand the for stringer lumber pallets is more in China and India due to high support that if provides with the help of stringers attached to it which makes stringer lumber pallets dominate the region.
- On the basis of wood type, the market is segmented into softwood and hardwood. The demand for softwood is increasing as they are easy to dry as compared to hardwood, which makes softwood segment dominate the region.
- On the basis of size, the market is segmented into 800x1200 mm, 1000x 1200 mm, 800x600 mm, 914x914 mm, 1118x1118 mm, 1200x1000 mm and others. The 800x1200 mm segment is dominating due to its ability to improve product presentation, which makes this segment dominate the region.
- On the basis of distribution channel, the market is segmented into offline and online. The offline channel is dominating as it helps to establish a personal connection with.
- On the basis of end-user, the market is segmented into food & beverages, pharmaceuticals, chemicals, retail, automotive, and others. The food & beverage segment is dominating due to its long life cycle and durability, which makes the food & beverage segment dominate the region.
Lumber pallet Market Country Level Analysis
Asia-Pacific market is analyzed and market size information is provided by product type, wood type, size, distribution channel, and end-user.
Countries covered in the Asia-Pacific lumber pallet market report are China, India, Japan, South Korea, Australia and New Zealand, Indonesia, Singapore, Malaysia, Thailand, Philippines, and Rest of Asia-Pacific.
Asia-Pacific lumber pallet market is dominating the market due to high demand for packaging and logistics in the region.
China is leading the growth of the Asia-Pacific market due to increasing demand for lumber pallets in the packaging and logistics industry.
The country section of the report also provides individual market impacting factors and domestic changes in regulation in the market that impact the current and future trends of the market. Data points, such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of brands and their challenges faced due to high competition from local and domestic brands and impact of sales channels are considered while providing forecast analysis of the country data.
Growths in the Lumber Pallet Industry
Asia-Pacific Lumber pallet market also provides you with detailed market analysis for every country growth in installed base of different kind of products for lumber pallet market, impact of technology using life line curves and changes in infant formula regulatory scenarios and their impact on the lumber pallet market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Lumber Pallet Market Share Analysis
Asia-Pacific Lumber pallet market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus on the Asia-Pacific lumber pallet market.
Major players covered in the report are CHEP (A subsidiary of Brambles), LOSCAM, UFP Industries, Inc., Grief, and other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In February 2020, Greif expanded its facilities in the food and beverage industry and invested in food safety technology, equipment, and materials. In addition, it strives for the highest certifications in food safety. This update has helped the company to boost its production and handle the rising demand.
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