Market Research Report

South Korea Pallet Market Research Report: Forecast (2025-2030)

South Korea Pallet Market - By Material (Wood, Plastic, Metal, Corrugated Paper), By Application (Food & Beverages, Manufacturing, Transportation & Warehousing, Automotive, Chemica...ls & Pharmaceuticals, Oil & Petroleum, Others), By Design (Block Pallets, Stringer Pallets) and Others Read more

  • FMCG
  • Jan 2025
  • 121
  • PDF, Excel, PPT

Market Definition

Pallets are referred to as flat structures that are utilized for the storage and transport of multiple types of products. They help to maintain the characteristics of the goods while lifting or transporting them using a jack, forklift, crane, etc.

Market Insights & Analysis: South Korea Pallet Market (2025-30):

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 main factor that is driving the demand for pallets in this country is their high functionality because of which they can be used to efficiently store, lift, and transport products of various industries like; electronics, manufacturing, food & beverages, etc. This helps companies to maintain their inventories by using the space efficiently.

Report Coverage Details
  Historical Years   2020-23
  Base Years
  2024
  Forecast Years
  2025-30
  Market Value in 2024   USD 1.22 Billion
  Market Value in 2030   USD 1.79 Billion
  CAGR (2025-30)   6.67%
  Top Key Players 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
  Key Report Highlights
  • Market Dimensions & Projections
  • Pricing Evaluation,
  • Recent Strategic Moves by Companies,
  • Primary Stakeholders,
  • Analysis of Import and Export Trends,
  • Competitive Landscape Assessment,
  • Emerging Opportunities,
  • Market Trends and Indicators

 

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Additionally, the continuous expansion of E-Commerce over recent years has made a huge impact on the pallet market. In South Korea, E-Commerce is held as the biggest retail channel and recorded a revenue of around USD 180.4 billion in 2022, which has increased by approximately 7.1% approx. from previous years. This in turn drives demand for transport and warehousing of various products at various locations and subsequently demand for pallets shall be increased too for storage and efficient handling of goods in inventories. They are also used for the easy handling of bulkier products in shipments using forklifts and cranes. Therefore, with more expansion in the e-commerce sector in South Korea, the need for efficient product handling is expected to increase the demand for pallets as well in the coming years.

Furthermore, the exports from South Korea are continuously increasing. For instance, South Korea has become the seventh largest exporter of goods in the world, with electronic products and machinery as the most prominent ones. As a result, the demand for pallets will also increase as multiple products are shipped through containers of ships in which pallets play an important role in maintaining the product quality by keeping it stable during the journey and during lifting from containers. Therefore, the pallets have been highly used in various industries in South Korea due to their handling advantages, and the expansion of e-commerce and increasing exports shows further increased demand for the pallets in the future as well.


South Korea Pallet Market Research Report: Forecast (2025-2030)

South Korea Pallet Market Driver:

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 Opportunity:

Customized Pallets to Offer Lucrative Growth Opportunities – There has been an increasing demand for special pallets in multiple industries that can handle irregular size and high-weight products, mainly in the aerospace, defense, and electronics industries. This is because such pallets help industries save space in inventories, ensure the weight stability of products, etc., and enhance storage and production capacity. Moreover, this opportunity is further fueled by the expansion of such industries. For instance, South Korea exported electronics and related machinery worth around USD 217 billion in 2022, making it the third-largest exporter of electronics in the world. Therefore, the production of irregular products is expected to increase in the future, which will increase the demand for customized pallets as well, thus providing a good growth opportunity for the market.

South Korea Pallet Market Challenge:

Inconsistent Local Wood Supply to Hinder Market Growth – The fluctuations in the local supply of raw wood used for making pallets, mainly pine and oak, can affect the growth of the market. This is because wood pallets are the most used segment and a lower supply of wood will result in the decreased production of such pallets hence affecting the inventories. Additionally, various pallet manufacturing companies will have to increase their dependency on imported wood, which will result in an increment in the prices of wood pallets. Therefore, as wood pallets are the most used, a decrease in the supply of raw wood will result in reduced stock in inventories and an increase in prices, thus affecting the supply and consumption rates and hence limiting the growth of the market.

South Korea Pallet Market Trend:

Pallet Renting Systems Gaining Traction – The popularity of pallet renting systems has increased in recent years. In these systems, companies provide pallets to various companies on a rent basis instead of selling them. This helps companies to make a profit with limited inventory and customers by reducing their expenses included in buying such pallets. For instance, Logisall Group is the first company in South Korea to introduce a pallet pool system that involves renting pallets to multiple companies for shared use. Such initiatives are not only cost-effective but are also sustainable as the same pallets can be repeatedly used thus reducing the production of newer ones and hence reducing carbon emissions. Therefore, the introduction of a pallet renting system has been highly advantageous, and this trend is expected to remain in the coming years as well.

South Korea Pallet Market (2025-30): Segmentation Analysis

The South Korea Pallet Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2025–30 at the national level. Based on the analysis, the market has been further classified as:

Based on Material:

  • Wood
  • Plastic
  • Metal
  • Corrugated Paper

Based on the material, wood is the most used material for manufacturing pallets. This segment holds a market share of around 52%. This is because of the high availability of raw wood in South Korea that is used for making pallets, especially pine and oak wood. For instance, around 63.5% of the country’s land area is forest with pine and oak species as the most prominent ones. As a result, there is a very high production of wood pallets which further helps in reducing their prices, thus making them highly popular. Moreover, the multiple advantages offered by wooden pallets further attract more consumers. These include their corrosion-free property, ease of repair, environment-friendly nature, light-weight, and others. Therefore, due to wide availability and numerous advantages at cheaper prices, wood has been the most used material for making pallets, and this dominance is expected to continue in the future as well.

Based on Design:

  • Block Pallets
  • Stringer Pallets
  • Others

Based on the design of pallets, block pallets lead the market with a market share of around 69%. This is because the design of block pallets offers more load capacity as compared to other segments. For instance, the stringer wood has a load capacity of up to 2,500 pounds whereas the load capacity of block pallets can be up to 5,500 pounds. Additionally, block pallets can be lifted from any of the four sides which makes it easy for the users to manage the space of the inventories more efficiently. Also, the basic design of block pallets makes them easier to repair. Therefore, several advantages of block pallet design have made them highly popular in South Korea, and this dominance is expected to remain in the future as well.

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.

Gain a Competitive Edge with Our South Korea Pallet Market Report

  1. The South Korea Pallet Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & market share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of market dynamics & make informed decisions.
  2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  3. The South Korea Pallet Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

*Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

Frequently Asked Questions

   A. The South Korea Pallet Market is expected to grow at a compound annual growth rate (CAGR) of around 6.67% during 2025-30.

   A. 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.

   A. Rapid industrialization is anticipated to drive the South Korea Pallet Market during 2025-30.

   A. The top companies in the South Korea Pallet Market are 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.

   A. The wood segment held the largest share of the South Korea Pallet Market.

   A. The increasing popularity of pallet renting systems is one of the key trends shaping the growth of the South Korea Pallet Market.

   A. Inconsistent local wood supply is a possible restraints affecting the growth of the South Korea Pallet Market.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. South Korea Pallet Market Trends & Developments
  5. South Korea Pallet Start-Up Ecosystem
  6. South Korea Pallet Market Dynamics
    1. Drivers
    2. Challenges
  7. South Korea Pallet Market Regulations, Policies & Standards
  8. South Korea Pallet Market Hotspot & Opportunities
  9. South Korea Pallet Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Material
        1. Wood- Market Size & Forecast 2020-2030, USD Million
        2. Plastic- Market Size & Forecast 2020-2030, USD Million
        3. Metal- Market Size & Forecast 2020-2030, USD Million
        4. Corrugated Paper- Market Size & Forecast 2020-2030, USD Million
      2. By Application
        1. Food & Beverages- Market Size & Forecast 2020-2030, USD Million
        2. Manufacturing- Market Size & Forecast 2020-2030, USD Million
        3. Transportation & Warehousing- Market Size & Forecast 2020-2030, USD Million
        4. Automotive- Market Size & Forecast 2020-2030, USD Million
        5. Chemicals & Pharmaceuticals- Market Size & Forecast 2020-2030, USD Million
        6. Oil & Petroleum- Market Size & Forecast 2020-2030, USD Million
        7. Others (Retail, Construction, Machinery & Metal, etc.)- Market Size & Forecast 2020-2030, USD Million
      3. By Design
        1. Block Pallets- Market Size & Forecast 2020-2030, USD Million
        2. Stringer Pallets- Market Size & Forecast 2020-2030, USD Million
        3. Others- Market Size & Forecast 2020-2030, USD Million
      4. By Competition
        1. Competition Characteristics
        2. Market Share Analysis
  10. Wood Pallet Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Application- Market Size & Forecast 2020-2030, USD Million
      2. By Design- Market Size & Forecast 2020-2030, USD Million
  11. Plastic Pallet Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Application- Market Size & Forecast 2020-2030, USD Million
      2. By Design- Market Size & Forecast 2020-2030, USD Million
  12. Metal Pallet Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Application- Market Size & Forecast 2020-2030, USD Million
      2. By Design- Market Size & Forecast 2020-2030, USD Million
  13. Corrugated Paper Pallet Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Application- Market Size & Forecast 2020-2030, USD Million
      2. By Design- Market Size & Forecast 2020-2030, USD Million
  14. South Korea Pallet Market Key Strategic Imperatives for Success & Growth
  15. Competitive Outlook
    1. Company Profiles 
      1. Sehwa Pallet
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Samjung Industries
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Daihyun Wood
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Logisall Group
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Enlightening Pallet
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Eagon Greentech
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. NPC Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Korea Plastic Co. Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Leehwa Industry Co. Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Alporter
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Others
  16. Disclaimer


South Korea Pallet Market Segmentation