Pallet Buy Back Programs
Managing pallets can be a challenge. Maintaining a reasonable budget is one of the most difficult tasks when purchasing pallets for storage and shipping. Pallet buy-back programs help pallet users acquire pallets without going over their budgets because this challenge is so common.
Used pallets can also be recycled and removed from distribution centers through a buy-back program. It’s important to note, however, that not every buyback program is the same. The process of buying and selling pallets can differ significantly based on the pallet supplier, the pallet size, and the type of pallet material.
We will examine which pallets are best suited for buy-back programs in this blog.
What Are Pallet Buy-Back Programs?
What are buy-back programs and how do they work? Before we discuss which pallets are the best for buy-back programs, let’s briefly review what they are and how they work.
Often times you may receive a product on pallets and have to throw it out, or more commonly let it pile up in the back of your facility . Many companies will pay top dollar for broken or damaged wooden palletsIt is essential for pallet suppliers and users to take advantage of these programs at a low cost as opposed to buying newly manufactured pallets. Pallet supply chains are also kept moving by them.
Let’s now look at which sizes and materials are best for earning money back from buy-back programs now that we’ve detailed their purpose and importance.
What Pallet Sizes are the Most Valuable
The most valuable pallet size in the United States is the standard 48″ x 40″ GMA Pallet. This is because it is the standard size and represents over 70% of all pallets in circulation
A wide range of industries use this pallet size. 48×40 pallets are very popular because so many businesses already use them.Depending on the products and goods that businesses sell, pallet manufacturers create specific dimensions and customizations. In spite of the fact that custom pallet sizes can be beneficial to pallet users, buy-back programs may not be able to take advantage of these custom sizes.
Depending on the market, a pallet that is perfect for one business may not be as versatile or valuable to others. The good news is that there are other options for users: pallets can be custom-made, and used ones can be remade. Pallets that are custom-sized take more time, materials, and work. The 48 x 40 is in high demand, but sizes like 48 x 48, 42 x 42, and 36 x 36 are also valuable, depending on condition
A bigger selection of recycled GMA pallets will be available to pallet buyers, and sellers will earn more rebates back. Make your custom-sized pallets 48×40 GMA pallets to increase your earnings from future pallet buy-back programs.
What’s the best pallet material for buy-backs?
After establishing that 48×40 GMA pallets are the best pallet size for buy-back programs, let’s look at how materials can impact pallet prices.
Pallet manufacturers mainly use lumber and plastic to make them. There are benefits and drawbacks to using wood and plastic pallets. If you’re doing a buy-back program, wooden pallets are more valuable. Many pallet-users prefer to use lumber since it’s one of the most common materials. Plastic pallets are also used in many industries; however, since wooden pallets have been around longer, they’re still the standard.
Quality of Pallets
Pallet materials can also have a big impact on their quality over time. A grading system determines the value of pallets sold through buy-back programs. A pallet grading system groups different recycled pallets into categories. The standard pallet grades are Grade A (#1) and Grade B(#2). Some companies also have Grade C and Pallet Cores.
Wooden pallets have a lot of advantages
Many pallet users prefer wooden pallets over plastic because they can be reused and recycled several times before becoming too damaged to be repaired. Older, reused pallet parts can be deconstructed and rebuilt into new pallets.
You can also make a lot of money by buying back wood pallets. When old, used pallets can’t be salvaged, manufacturers can shred them into mulch. These alternative revenue streams are a great way to turn damaged and broken pallets into cash.
If you damage a plastic pallet, you can’t repair it or resell it. As a result, pallet users have no other use for plastic pallets when they damage them.
Plastic pallets: The Advantages
Reselling plastic pallets in a buy-back program has its own advantages. Plastic pallets, for example, are more durable than wooden pallets. Plastic pallets are durable and long-lasting compared to wooden pallets, which can hold heavier weight totals.
In most cases, plastic pallets last longer, but wooden pallets generate a higher resale value. As pallets become more valuable in the marketplace, broken pallets will also be more valuable and will be worth more.
What you need to know
The resale value of used pallets depends on a lot of factors. You can get a fair resale price for 48×40 GMA pallets and wooden materials during buy-backs. Check out our pallet grade qualifications to learn more about pallet grading.
Here at Used Pallet Recycling, we’re here to help you with buy-back programs, pallet specifications, and pallet management. Pallet users across the country can count on us for top-notch pallet services. We’ve got you covered if you need help ordering new pallets or improving your warehouse efficiency.