Development of sharing economy has brought new opportunities to the development of green logistics. Pallet pooling is a typical type of sharing economy. It has been recently promoted in almost every country in the world. Researchers have reached a common agreement that establishing an effective pallet pool is of great importance to the pallets use efficiency. It is also believed that the implementation of pallet pool will substantially contribute to the economic and social development. Detailed analysis of pallet pooling such as benefit analysis, mode choose, pallet allocation model & algorithm, quality control, etc. are discussed in this paper. Based on literature review, several important problems are listed for future study. These problems are information management, supply chain management, rental pricing, pallets tracking and allocation, quality control, sustainable development (carbon emissions), and “internet plus pallet pooling”. Some suggestions on China’s pallet pooling development are proposed as well.