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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.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.
Wood pallets continue to dominate the global market
Environmental Product Declaration Certification
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.
Compared to other pallet varieties, wooden pallets are notably inexpensive. Since the price of the raw material (timber) is very low compared to metal, the end result (wooden pallets) is remarkably cheaper. Therefore, wooden pallets are considered to be the most appropriate solution for the shippers that are looking for low budget pallets. Since the wooden pallets are easily reusable for many times, they have become a preferred choice of many shippers in Middle East.
Wooden pallets are affordable