According to the research report titled ‘Global Pallet Pooling Market Size study, by Structural Design (Block, Stringer, Customized) by Material (Wood, Composite, Plastic, Steel, Other Metals) by end use industries (FMCG Industry, Food & Beverages, Pharmaceutical, Electronics, Chemicals, Others) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global pallet pooling market is anticipated to attain a healthy CAGR over 2022-2028.

As per the report, expanding logistics and warehousing sector, and the rapid improvement in technology in the logistics are the major growth catalysts for global pallet pooling market.

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For the unversed, pallet pooling is a service where pallets are rented from a shared pool instead of purchasing for individual use. In order to recover the pallets for reuse, a pallet pooling service provider controls the reverse logistics process across the supply chain. Pallet pulling enables companies to save cost on pallet purchases.

Furthermore, increasing penetration of e-commerce platforms, and growing demand from end-use verticals like food & beverage and FMCG are fueling the product adoption, which in turn is expected to augment industry outlook in the coming years.

However, fluctuating costs of raw materials, and growing consumer concern over the usage of plastic may stifle the market growth over the analysis timeframe.

Based on structural design, the market is divided into customized, stringer, and block. In terms of material, the industry is branched into steel, plastic, composite, wood, and other metals. On the basis of end-use industries, worldwide pallet pooling marketplace is segregated into chemicals, electronics, pharmaceutical, food & beverages, FMCG industry, and others.

Regionally, North America industry accounts for a major revenue share at present, owing to widespread usage of advanced technologies in logistic industry, and the presence of major participants in the region.

Whereas Asia Pacific market is slated to witness a healthy CAGR over the stipulated timeframe, due to expanding logistics and transportation sectors, and favorable government policies in the region.

Moving on to competitive landscape, Demes Logistics GmbH & Co. KG, PPS Midlands Limited, Zentek Pool System GmbH, Tricentis Tosca, Schoeller Arca Time Material Handling Solutions Ltd., Lpr - La Palette Rouge (GB) Limited, Faber Halbertsma Group, Euro Pool System, Loscam Co. Ltd., and Brambles Limited are the leading players in global pallet pooling market.