North America Pallet Market

Tushar Arora28 Apr, 2025Business

The North America pallet market was valued at USD 27333.18 Million in 2024. The industry is expected to grow at a CAGR of 5.00% during the forecast period of 2025-2034. The continuous growth of e-commerce platforms has mostly driven the market growth. With the ongoing trend of online shopping dominating the retail sectors, the requirement for highly efficient yet cost-effective and extremely durable pallets has soared. For e-commerce companies, space-efficient pallets that adequately protect goods and are lightweight, stackable, and reusable are crucial to speed up turnaround time in the distribution centre. In turn, these factors have resulted in the market attaining a valuation of USD 44522.87 Million by 2034.