Canada Pallet Market Overview, 2029

The use of pallets in Canada is a significant part of the country's logistics and transportation industry. It is a significant contributor to the economy and an essential link in the supply chain. Wooden pallets are the most commonly used type of pallet in Canada. The use of pallets in Canada is subject to various regulations and standards, including the Canadian Food Inspection Agency's (CFIA) regulations for wooden pallets used in the food industry. The CFIA requires that wooden pallets used to transport food products be heat-treated or fumigated to prevent the spread of pests and diseases. According to the research report “Canada Pallet Market Overview, 2029," published by Bonafide Research, the market is expected to grow with more than 5.78% CAGR by 2024-29. The market for pallets is being driven by the growing popularity of online shopping in the Country, which is resulting in the wide adoption of pallets by large online retailers to store and transport their merchandise. The efforts made by the market players in the research and development of state-of-the-art pallets are also accelerating the market development. There is a rising inclination towards wooden pallets owing to their multiple advantages when compared to their counterparts, such as cost-effectiveness, enhanced durability, wider availability and easy reparability, and the ability to carry higher weight capacities. Further, there is an improved availability of sustainable and renewable pallet solutions.

The pallet market in the Canada is segmented by material type into four parts based on material type: wood, plastic, metal, and corrugated. Currently, wood pallets are dominating the market, and wood pallets are expected to dominate the market for pallets in the country during the forecast period due to their greater reusability than plastic pallets and low cost per trip. They are also reusable, easy to repair, and can carry heavy loads of goods. A plastic pallet is a flat platform made from plastic materials, typically polyethylene or polypropylene that is used to transport, store, and stack goods. It is an alternative to traditional wooden pallets and has advantages such as being lighter, more durable, and resistant to moisture and pests. Metal pallets are another pallet variant, besides those made of wood and plastic, with very specific applications. Due to them being heavy-duty, they are the most commonly used pallet in the automotive and metal processing sectors. Corrugated pallets, also known as paper pallets or cardboard pallets are pallets made from paper board sheets, corrugated material and other reinforced paper goods, rather than wood. Corrugated pallets can be made using engineered corrugated products that are suited for clean room environments in medical, pharmaceutical and non-wet food applications. The pallet market in the Canada is segmented by end use: food and beverages, chemicals, pharmaceuticals, healthcare, automotive, transportation and warehousing, consumer goods and retail, engineering, and agriculture. Currently, the transportation and warehousing industry dominates the pallet market in the Canada because pallets are necessary for the efficient movement and storage of goods, which is a primary function of this industry. Pallets make it easier to move and stack products, and they are widely used in logistics operations such as loading and unloading trucks and storing products in warehouses. The transportation and warehousing industry is expected to influence the demand for pallets in the Canada. The pallet market in the Canada is segmented by application type: rental and non-rental. Because most businesses use their own pallets to store their goods, maintain inventory, and transport goods, the non-rental segment currently dominates the market. During the forecast period, it is expected that the non-rental segment will dominate the market for pallets in the Canada. The pallet market in the Canada is segmented by structural design type: block and stringer. The stringer pallet is dominating the market for pallets in the Canada, and it is expected to dominate the market in the Canada during the forecast period because they use stringers to support the unit load. Stringers are the boards that are sandwiched between the top and bottom deckboards and are typically made out of 2 x 4s or 3 x 4s. The stringer pallet is the most commonly used pallet in the Canada, with the most common size being 48 x 40". RECENT DEVELOPMENTS • The Honourable Philomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), announced an investment of $3 million for Niagara Pallet and Recyclers Ltd. (Niagara Pallet) to adopt new technologies that will allow the company to respond to wood pallet shortages across Canada and support the transition to a more sustainable and circular economy. • Feb 2023 - Deloitte Canada has opened “The Smart Factory @ Montreal,” a facility that showcases more than 20 cutting-edge, efficiency-boosting solutions for manufacturing and warehousing. Located in the borough of Ville Saint-Laurent and spanning more than 9,000 square feet, Deloitte’s smart factory will demonstrate the possibilities of automation to better run production lines, store and move inventory, and track shipments. The facility’s Industry 4.0 ecosystem leverages technologies including AI, sensors, robotics, IoT, big data, and cloud. Some of the major manufactures of pallet in Canada includes 204 pallet & packaging Inc, A & P manufacturing ltd, A-1 pallet enterprises Inc., paramount pallet, lp, Barco materials handling., Chep Canada, Eco-friendly pallet, Pallet management group Considered in this report • Geography: Canada • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029

Aspects covered in this report • Canada pallet market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Material Type • Wood • Plastic • Metal • Corrugated • Others By End Use • Food and Beverages • Chemicals • Pharmaceuticals and Healthcare • Automotive • Transportation & Warehousing • Consumer goods and Retail • Engineering • Agriculture • Other End Use ? By Application Type • Rental • Non Rental By Structural Design • Block • Stringers • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Vacuum Cleaner market, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.