Overview of the South Korea Pallet Market: Key Statistics and Trends:
According to the latest report by MarkNtel Advisors, titled “South Korea Pallet Market By Material (Wood, Plastic, Metal, Corrugated Paper), By Application (Food & Beverages, Manufacturing, Transportation & Warehousing, Automotive, Chemicals & Pharmaceuticals, Oil & Petroleum, Others), By Design (Block Pallets, Stringer Pallets) and Others The Global South Korea Pallet Market size was valued at around USD 1.22 billion in 2024 and is projected to reach USD 1.79 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.67% during the forecast period, i.e., 2025-30. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
South Korea Pallet Market Growth and Scope:
Base Year: 2024
Forecast Period: 2025-30
Historical Data: 2020-23
CAGR (2025-2030): 6.67%
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How are current trends impacting the growth of the South Korea Pallet Market?
Pallet Renting Systems Gaining Traction – The popularity of pallet renting systems has increased in recent years. In these systems, companies provide pallets to various companies on a rent basis instead of selling them. This helps companies to make a profit with limited inventory and customers by reducing their expenses included in buying such pallets. For instance, Logisall Group is the first company in South Korea to introduce a pallet pool system that involves renting pallets to multiple companies for shared use. Such initiatives are not only cost-effective but are also sustainable as the same pallets can be repeatedly used thus reducing the production of newer ones and hence reducing carbon emissions. Therefore, the introduction of a pallet renting system has been highly advantageous, and this trend is expected to remain in the coming years as well.
A Comprehensive Analysis of Leading Companies of South Korea Pallet Market by MarkNtel Advisors:
- Sehwa Pallet
- Samjung Industries
- Daihyun Wood
- Logisall Group
- Enlightening Pallet
- Eagon Greentech
- NPC Corporation
- Korea Plastic Co. Ltd.
- Leehwa Industry Co. Ltd.
- Alporter
- Others
Key South Korea Pallet Market Segmentation:
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-By End User
- Residential – Market Size & Forecast 2020-2030, (USD Million)
- Commercial – Sized Enterprises – Market Size & Forecast 2020-2030, (USD Million)
Geographical Analysis
-By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
Key Reports Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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