Not wood: Demand for wooden pallets is down due to a market shift towards substitutes

IBISWorld’s Pallets and Other Wood Product Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.


Market Share of Companies
Industry Statistics & Market Size
Annual Growth
2012 - 2017
Annual Growth
2017 - 2022

Industry Threats & Opportunities

  • Competition from substitute products is the main threat to the industry
  • Weaker manufacturing activity over the past five years has limited demand for pallets
  • Retailers, wholesalers, and manufacturers are expected to increase their demand for pallets

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    Industry Analysis & Industry Trends

    The Pallets and Other Wood Product Manufacturing industry produces a range of wooden products including pallets, packing cases, parquetry materials and other cork, bamboo and cane products. Pallets and packing cases account for the majority of industry revenue and demand for these products is related to activity in the manufacturing, wholesale, and retail sectors. The industry is also particularly sensitive to fluctuations in business inventories and demand for warehousing and storage services.

    Industry revenue has been negatively affected by the contraction in the manufacturing sector over the past five years...

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    Industry Report - Industry Key Buyers Chapter

    Market share concentration in the Pallets and Other Wood Products Manufacturing industry is moderate due to the dominance of Brambles Limited. This company is expected to account for 40.3% of industry revenue in 2016-17 with a further 9.3% attributed to other medium-size firms. According to the ABS, 50.7% of industry firms operate as sole traders without employees, while almost 95.0% of firms have fewer than 20 employees. The vast majority of industry operators are small, specialised firms, focusing on a limited range of products. This structure does not lend itself to significant merger and acquisition activity. How..

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    Additional Insights for the Pallets and Other Wood Product Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Pallets and Other Wood Product Manufacturing Industry are

  • Having contacts within key markets
  • Well-developed internal processes
  • Superior financial management and debt management
  • IBISWorld analysts also discuss how external factors such as Business inventories and Demand from manufacturing in the Pallets and Other Wood Product Manufacturing industry impact industry performance..

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    Industry Products

    What is the Pallets and Other Wood Product Manufacturing Industry?

    Industry firms manufacture wooden containers, pallets or packing cases and other cork, wood, bamboo and cane products (excluding furniture). Companies acquire raw materials from fabricated wood and timber resawing and dressing manufacturers, as well as various chemicals from relevant manufacturers, to produce a variety of wood products.

    Industry Products
    Wooden Pallets
    Other wooden transport and storage products
    Wooden tools and handles
    Wooden picture and mirror frames
    Other wood products
    Parquetry materials
    Industry Activities
    Wooden barrel
    Wooden cask
    Cork and cork goods
    Wooden picture and mirror frame
    Wooden packing case
    Assembling parquet strips in panels
    Wooden tool handle
    Wooden vat

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Business inventories
  • Demand from manufacturing
  • Demand from retail trade
  • Demand from wholesale trade
  • Demand from warehousing and storage services
  • Domestic price of timber

  • Current Performance
  • Revenue drivers
  • International trade
  • Substitute competition
  • Significant shifts
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry declines
  • International trade
  • Future industry trends
  • Table: Pallets and Other Wood Product Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Pallets and Other Wood Product Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Construction
  • Fruit and Vegetable Retailing
  • General Warehousing and Cold Storage
  • Houseware Retailing
  • Hardware and Building Supplies Retailing
  • Hardware Wholesaling
  • Transport Equipment and Large Vehicle Rental

  • Key Selling Industries
  • Basic Organic Chemical Manufacturing
  • Fabricated Wood Manufacturing
  • Timber Resawing and Dressing

  • Products & Services
  • Wooden Pallets
  • Other wooden transport and storage products
  • Other wood products
  • Wooden tools and handles
  • Parquetry materials
  • Wooden picture and mirror frames
  • Chart: Pallets and Other Wood Product Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Pallet-hiring companies
  • Wholesale and retail sectors
  • Manufacturing sector
  • Other markets
  • Export markets
  • Chart: Major Market Segmentation for the Pallets and Other Wood Product Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Pallets and Other Wood Product Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Pallets and Other Wood Product Manufacturing Industry

  • Industry Globalization
    Major Companies
    Brambles Limited
  • Table: Brambles Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Pallets and Other Wood Product Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Pallets and Other Wood Product Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
  • Australian Standard Pallets (ASP) are cut to different dimensions from global pallet standards, and are used across Australia.
  • Cad
  • Computer-aided design (CAD) is computer technology used for product design and documentation.
  • Four-Way Pallets
  • Pallets that can by entered and lifted by a forklift from the front, back and sides.
  • Pallet-Pooling
  • Shared use of standard pallets by multiple customers who collectively benefit from the network scale of the pool.
  • Pallets
  • Flat structures used to transport an array of goods, which can be lifted by a forklift or pallet jack.
  • Race
  • Railways of Australia Container Express (RACE) is a wider version of the standard shipping container that is designed to take two Australian standard pallets side by side.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Pallets and Other Wood Product Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Pallets and Other Wood Product Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Pallets and Other Wood Product Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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