The global pallets market size is projected to reach USD 128.68 billion by the end of 2032, exhibiting a CAGR of 5.3% during the forecast period. Pallet manufacturing companies catering to the market are focused on developing light, durable, and efficient products for the end-users, while key players are concentrating on providing innovative pallets with attached RFID chips for tracking and tracing purposes. The global market is segmented by material type, which includes wood, plastic, composite wood, metal, corrugated and others, with the wood segment projected to capture the largest market share, owing to the adoption of such pallets from the past few years, according to Fortune Business Insights.
This article was first published in the March 1st 2026 issue of Warehouse & Logistics News, subscribe to the magazine by clicking here.
As the exclusive UK supplier of GoSmartEuro containers, goplasticpallets.com supports operations that rely on consistency, strength and clean movement through conveyors and automated systems. These containers use smooth external walls and reinforced solid bases, so they track reliably through systems and stand up to repeat handling without distortion. There are four height options, each with a 600x400mm footprint, which keeps layouts simple and predictable.
Palletower, the UK’s leading supplier of storage and logistics equipment, has continued its growth strategy with the asset purchase from long time competitor Rotom Cargopak Ltd of their rental customers and stock. This strategic asset purchase marks the sixth acquisition for the group within the last 18 months, signalling a period of rapid expansion and diversification aimed at taking the business toward a £50 million turnover goal. The deal follows Rotom Cargopak’s decision to exit the metal sector to focus its UK strategy on timber and plastic pallet sectors.
The wooden pallet market has been under pressure for several years and has yet to fully stabilise. Demand remains strong, driven by the growth of e-commerce and retail distribution, increased stock buffering by manufacturers and distributors, and ongoing supply chain and geopolitical disruptions. Meanwhile, supply has tightened due to inconsistent wood availability and limited pallet production capacity, with the result that used wooden pallets, which were once easy to source, are becoming increasingly scarce in many regions, says Rotom.
Since the company was founded in 2002, Plastic Mouldings Northern Ltd has been built by Mark Rigg and Freddy Bourdais, growing the business together from the ground up with a shared commitment to quality, innovation and doing things the right way. Mark has now completed the purchase of PMN, becoming the sole owner and allowing Freddy to officially retire. While the ownership structure has changed, the values that the company were founded on remain the same.
With shortages and rising prices putting pressure on businesses, many companies are turning to pallet recovery, which means instead of constantly buying new or used pallets, they focus on collecting, repairing, and reusing pallets already in circulation.
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