The North America Paper Pallet Market is projected to witness market growth of 3.4% CAGR during the forecast period (2024-2031).
The US market dominated the North America Paper Pallet Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $231.9 million by 2031. The Canada market is experiencing a CAGR of 5.8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 4.8% during (2024 - 2031).
These pallets transport packaged foods such as cereals, snacks, and beverages in the packaging industry, ensuring clean and sanitary handling. The high number of food enterprises creates a higher demand for these pallets.
Moreover, these pallets are employed in warehouses to store and organize consumer goods such as clothing, electronics, and household products. They facilitate the efficient movement of goods within distribution centres, reducing handling costs and improving logistics efficiency. Also, these pallets are used in the pharmaceutical industry to transport medical supplies, medications, and sterile equipment under hygienic conditions.
As Canada's food and beverage industry grows, there is a heightened demand for sustainable packaging solutions. As per the Government of Canada, the food and beverage processing industry were Canada's largest manufacturing sector by production value in 2022, with manufactured goods sales totalling $156.5 billion. Exports of processed food and beverage products reached a record $54.3 billion in 2022, up 14.1% from 2021, accounting for 34.7% of the production value.
Similarly, the growth of Mexico’s food and beverage industry is driving innovation in the packaging sector, including these pallets. As per the U.S. Department of Agriculture, with a growth rate of 4.3 percent and a projected GDP contribution to Mexico’s economy of $39.4 billion in 2020, the food processing industry was one of the most dynamic in the country. Hence, North America's growing food and beverage processing sector is expected to boost the demand for paper pallets in the region.
The US market dominated the North America Paper Pallet Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $231.9 million by 2031. The Canada market is experiencing a CAGR of 5.8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 4.8% during (2024 - 2031).
These pallets transport packaged foods such as cereals, snacks, and beverages in the packaging industry, ensuring clean and sanitary handling. The high number of food enterprises creates a higher demand for these pallets.
Moreover, these pallets are employed in warehouses to store and organize consumer goods such as clothing, electronics, and household products. They facilitate the efficient movement of goods within distribution centres, reducing handling costs and improving logistics efficiency. Also, these pallets are used in the pharmaceutical industry to transport medical supplies, medications, and sterile equipment under hygienic conditions.
As Canada's food and beverage industry grows, there is a heightened demand for sustainable packaging solutions. As per the Government of Canada, the food and beverage processing industry were Canada's largest manufacturing sector by production value in 2022, with manufactured goods sales totalling $156.5 billion. Exports of processed food and beverage products reached a record $54.3 billion in 2022, up 14.1% from 2021, accounting for 34.7% of the production value.
Similarly, the growth of Mexico’s food and beverage industry is driving innovation in the packaging sector, including these pallets. As per the U.S. Department of Agriculture, with a growth rate of 4.3 percent and a projected GDP contribution to Mexico’s economy of $39.4 billion in 2020, the food processing industry was one of the most dynamic in the country. Hence, North America's growing food and beverage processing sector is expected to boost the demand for paper pallets in the region.
List of Key Companies Profiled
- INTERPAK INDUSTRIES PTE LTD
- PALLITE BV (The Alternative Pallet Company Limited)
- Mondi Plc
- Smurfit Kappa Group plc
- DS Smith Plc
- International Container Systems, LLC (Elsons International)
- Green Label Packaging
- Tri-Wall Limited
- DOPACK
- Litco International, Inc.
Market Report Segmentation
By Type- Corrugated pallets
- Cardboard pallets
- Honeycomb pallets
- Shipping & logistics
- Pharmaceuticals
- Food & beverages
- Personal care & cosmetics
- Up to 1 ton
- 1-2 tons
- Above 2 tons
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. North America Paper Pallet Market by Type
Chapter 5. North America Paper Pallet Market by End User
Chapter 6. North America Paper Pallet Market by Load Capacity
Chapter 7. North America Paper Pallet Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- INTERPAK INDUSTRIES PTE LTD
- PALLITE BV (The Alternative Pallet Company Limited)
- Mondi Plc
- Smurfit Kappa Group plc
- DS Smith Plc
- International Container Systems , LLC (Elsons International)
- Green Label Packaging
- Tri-Wall Limited
- DOPACK
- Litco International, Inc.
Methodology
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