Let’s start this off by saying what many of you are thinking, “Can facts about pallets be interesting? Really?” But pallets are actually a renewable natural resource and have benefits for the environment. Click Here to learn more…
As you probably can guess, we at Power Pallet find interest in all things pallet. And if for some reason you do not find the following pallet facts even remotely interesting, well…I’ll just remind you to take it easy on my business partner the next time you see him.
Fact #1: We use more pallets than we eat peanut butter
In the U.S., peanuts are in high demand. Per the National Peanut Board, Americans consume on average over 1.5 billion pounds of peanut butter and peanut products each year, contributing more than $4 billion to the U.S. economy.
Pallets are in such high demand that there are more than 1.8 billion pallets in service each day in the U.S. and over three billion wood pallets in circulation in the European Union. Wood pallets and containers move more than $400 billion worth of American trade for export worldwide annually.
Even though we love our peanut butter, it really is amazing just how reliant we are on pallets in today’s marketplace. Just take a look around your home, office, or shop and you will realize most items have been on a pallet at one time or another – including your jar of peanut butter.
Fact #2: Wood pallet use boosts the economy
By utilizing wood pallets, you are helping to stimulate the economy. From the American Forest & Paper Association, we learned that more than 56 percent of U.S. forests are privately owned, many of which are family-owned forests.
The economic value of U.S. forests is far-reaching. “Private, working forests support 2.5 million jobs, $235 billion in annual sales, $87 billion in payroll, $4.4 billion in state income and severance taxes, and $102 billion to the GDP.”
Fact #3: Wood pallet use boosts your bottom line
Wood pallets are cost-effective. New wood pallets are roughly 20% of the cost of new plastic pallets. And when you utilize recycled wood pallets, you can realize a net savings of 40% or more over programs offering plastic pallet rental and pooling.Wood pallets are not only cost-effective, they are extremely durable, they can easily be designed and altered to meet specific load requirements, and they can easily be repaired when damaged – providing even more savings.
Fact #4: Wood pallet use supports the environment
Claimed as nature’s packaging, “wood is the only 100% renewable, recyclable, and reusable product available.” Plastic pallets are made from oil and gas, both of which are limited fossil fuels.
What’s not to love about renewable resources. Per the American Forest & Paper Association, our nation has 20 percent more trees today than 40 years ago. One-third of the United States is forested – a total of 751 million acres. From these forests comes two-thirds of our nation’s drinking water and an abundance of air purification. A single tree can absorb more than 10 pounds of CO2 each year. Give a nod to trees.
Fact #5: Wood pallet use supports a circular economy
Pallet lumber is a byproduct. Pallet manufacturers maximize a tree’s value by utilizing the lumber, mainly southern yellow pine and oak, left over from other markets, such as veneer production, grade lumber, furniture, and paper.
This action, service-life extension of goods, is key to creating a circular economy
– an industry strategy of waste prevention, regional job creation, and resource efficiency. Therefore, the waste of one product becomes the input of another product. Those familiar with this framework know that it draws upon principles from biomimicry, industrial ecology, cradle-to-cradle, and blue economy.
In the life of pallet lumber, once a wood pallet is deemed unusable, 97% of the time the lumber goes on to be recycled as an input for new products, such as boiler fuel, mulch, wood pellets for biofuel use, and animal bedding. It is easy to see that a circular economy provides maximum value for all.
That’s it for the interesting facts about pallets…for now. For the sake of my partner, we hope you enjoyed the read.