Pallet Industry News That Affects You
Like many industries, the pallet industry faces a degree of uncertainty due to the ongoing pandemic. However, because of the essential need for pallets to move the world’s goods, the impact is less severe. That’s good news for those in the market for these valuable, portable platforms.
Pallets have a very important role in our global supply chain. And although there are many different types, wood pallets continue to dominate the global market. In fact, in 2019, wood pallets accounted for 92% of unit demand and 83% of sales (source). Why is wood so popular? These products offer a strong combination of cost efficiency and performance.
Furthermore, wood pallets have many environmental benefits. This is especially appealing to an increasing number of pallet manufacturers and users who are concerned with material and product decisions as it relates to corporate social responsibility and environmental impact. Choosing wood pallets helps them meet green initiatives. In fact, wood pallets recently earned Environmental Product Declaration accreditation, which provides independent validation of a wood pallet’s positive environmental impact.
Therefore, it’s no wonder the demand for wood pallets is trending upward. According to Freedonia Group, global demand for wood pallets is forecast to rise 3.7% per year to 5.8 billion units in 2024, valued at $52.5 billion.
With so many relying on wood, it’s likely a good choice for you too. When you’re ready to get your hands on some, Rose Pallet is ready to deliver. We offer new, combo, and reconditioned pallets in a variety of sizes as well as custom specifications. Our pallet specialists can help you choose either block or stringer pallets based on considerations like compatibility with automated systems, general ease of handling, customer requirements, and load capacity.
Rose Pallet has helped clients in a multitude of industries such as manufacturing including food and beverage, electronic products, and chemicals; third-party warehousing and storage; and the construction industry. How can we help you? Contact us today to schedule a free consultation.