South Korea Pallet Market Size, Share, Trends, Demand, Growth and Competitive Analysis 2030
The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth
Market Overview of South Korea Pallet Industry (2025-2030):
According
to the latest report, the 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 demonstrates the prominent factors propelling the exponential growth of
the South Korea Pallet industry.
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https://www.marknteladvisors.com/query/request-sample/south-korea-pallet-market.html
Key
Takeaways: Beneficial for Stakeholders and Clients
·
Historic Period: 2020-23
·
Base year: 2024
·
Forecast Years: 2025-2030
·
Market Value
in 2024: USD 1.22 Billion
·
Market Value
By 2030: USD 1.79 Billion
·
CAGR 2025-30:
6.67%
What
are the major Driver the South Korea Pallet industry?
Rapid Industrialization Boosting the
Demand for Pallets – There has been a rapid expansion in
various industries of South Korea including automobiles, chemicals,
electronics, steel, etc. For instance, in 2023, the export volume
of cars from Korea has increased by around 31.3% year-on-year, which
shows a high growth in the automotive industry. Similar trends have been
observed in other industries as well. All such industries manufacture products
that have to be handled with care inside the inventories and delivered to
customers without any risk to product quality. As a result, those industries
use pallets in their operation to handle their products as pallets are easy to
lift and relocate using forklifts, jacks, or cranes. This helps companies to
efficiently maintain their inventories without any risk to product quality.
Pallets are also used in shipments as they provide ease to
loading bulkier shipments in containers, ships, cargo planes, etc. Therefore,
rapid industrialization has been the main factor behind the growth of the
market, and its expected increase promises a growing environment for the market
in the forecast period as well
South Korea Pallet Market
Segmentation:
The South Korea Pallet Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
By Material
o
Wood- Market Size & Forecast 2020-2030, USD
Million
o
Plastic- Market Size & Forecast 2020-2030, USD
Million
o
Metal- Market Size & Forecast 2020-2030, USD
Million
o Corrugated Paper- Market Size & Forecast 2020-2030, USD Million
By Application
o
Food & Beverages- Market Size & Forecast
2020-2030, USD Million
o
Manufacturing- Market Size & Forecast
2020-2030, USD Million
o
Transportation & Warehousing- Market Size &
Forecast 2020-2030, USD Million
o
Automotive- Market Size & Forecast 2020-2030,
USD Million
o
Chemicals & Pharmaceuticals- Market Size &
Forecast 2020-2030, USD Million
o
Oil & Petroleum- Market Size & Forecast
2020-2030, USD Million
o Others (Retail, Construction, Machinery & Metal, etc.)- Market Size & Forecast 2020-2030, USD Million
By Design
o
Block Pallets- Market Size & Forecast
2020-2030, USD Million
o
Stringer Pallets- Market Size & Forecast
2020-2030, USD Million
o
Others- Market Size & Forecast 2020-2030, USD
Million
As per the regional aspect, the South Korea Pallet Market is expected to be dominated by South korea by capturing the potential market share.
Explore further
details about this research report- https://www.marknteladvisors.com/research-library/south-korea-pallet-market.html
Top
Companies in the South Korea Pallet Market
Sehwa Pallet,
Samjung Industries, Daihyun Wood, Logisall Group, Enlightening Pallet, Eagon
Greentech, NPC Corporation, Korea Plastic Co. Ltd., Leehwa Industry Co. Ltd.,
Alporter, and others
South Korea Pallet Industry Recent Development
2024: Logisall Group introduced the concept of a pallet pool. In this system, pallets are combined and used by various companies. This also shows the company’s focus on sustainability.
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market sizing, detailed segment analysis, accurate demand forecasting,
competitor identification, and meticulous pricing trend monitoring.
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