CLEVELAND, May 21, 2021 /PRNewswire/ — A national pallet shortage is affecting already-strained supply chains in a number of US markets, including the $5.6 billion fresh produce packaging industry, where pallets are used in distributing both bulk and pre-packaged produce:
As a result, retail prices for produce could go up due to the added costs of distribution. Additionally, shipments could face delays until the compounding lumber and pallet shortages are resolved. While the shortage is not expected to affect consumers to much, growers and shippers are figuring out ways to adapt, such as by implementing temporary changes to their pallet requirements (without compromising on safety).
Fresh Produce Packaging Demand to Near $7 Billion in 2024
Demand for fresh produce packaging is forec ast to increase 3.7% per year through 2024, driven by:
Nonetheless, stronger increases will be limited by relatively slow growth in overall domestic produce output, with declines projected for a number of key fruit and vegetable types, including tomatoes and citrus.
Want to Learn More?
Fresh Produce Packaging is now available from the Freedonia Group.
About the Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is the premier international industrial research company, providing our clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. With over 100 studies published annually, we support over 90% of the industrial Fortune 500 companies. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for custom research: +1 440.842.2400.
Press Contact:
Corinne Gangloff
+1 440.842.2400
cgangloff@freedoniagroup.com
SOURCE The Freedonia Group
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