As we well know, the manufacturing industry has made a great comeback since the recession. Today it is thriving and continues to expand. The manufacturing output has increased over the last three years. Production is expected to grow another 3.6% in 2016 and 2017. With this expansion has come some ups and downs. The aging workforce and shrinking popularity of manual labor in general has created a crisis by way of labor shortage. On the other hand, the accompanying need to transport materials is pushing the demand for pallets.
According to the 2016 Global Pallet Market Report by ReportsnReports, manufacturing is mostly responsible for a projected CAGR of 4.9% in the global pallet market. Consequently, there is a shortage in the lumber market. Unable to complete orders, some pallet manufacturers are solving the problem investing in logging and sawmills. This helps the industry, too, as the companies are then able to offer high-quality pallets at a lower price.
Some of the other factors cited for the growth in the pallet market are the rebound in the construction and housing sectors, rise in industrial output, and exports. The Americas are slated to account for nearly 45% of the global pallet market share by 2020. Food and beverage as well as consumer goods are the two industries primarily driving the demand for wood pallets.
If you export pallets, don’t forget the wood needs to be ISPM 15 Compliant. Packnet uses treated lumber and stamps our locally-manufactured pallets to meet your regional, national, or international shipping needs. We have the highest quality tools and talent to build pallets to your exact specifications at any volume. If you want, we can use wood products that can be recycled and remanufactured.
In addition to pallets, we provide the best industrial packaging available to protect your goods, minimize waste, and save money. We can provide reusable packaging, and we offer a variety of protective measures for different types of materials. If you have a custom request, our engineers are experts at designing the perfect packaging solution for every need. Get to know us through our website or call us at 952-944-9124. You can also request a free assessment here.