Market size and outlook: Valued at USD 59.91B in 2018; projected to reach USD 128.68B by 2032 with a CAGR of 5.3%.
Regional insights: Asia Pacific led with a 24.65% share in 2018; the U.S. market is projected to reach USD 37.34B by 2032.
Material trends: Wood pallets remain widely adopted due to strength and reparability; plastic pallets are gaining share for lightweight and durability and are expected to post the highest CAGR.
Technology and use cases: Growing adoption of smart pallets (e.g., RFID-enabled) supports tracking, environmental monitoring (impact, humidity, temperature), and supply-chain efficiency—especially in food and logistics.
End-use: Warehousing and transportation expected to hold a leading share, supported by global logistics growth.
If you’d like, I can tailor this into a one-page brief, a slide, or a chart-ready dataset.