Wood Packaging Market Size Share Opportunities & Forecast 2022
Market Overview
Rising awareness about the negative impact of usage of plastic on the environment will grow the market for wood packaging in the forecast period.
Wood packaging material sometimes referred to as Non-Manufactured Wood Packing (NMWP) or Solid Wood Packing Material (SWPM), is a hardwood and softwood. Wood packaging materials are different from wooden products for example plywood, particle board, oriented strand board, veneer and wood wool. These are created by using glue, heat, and pressure or a combination. Wood packaging materials are used in supporting, protecting, or carrying goods. Different examples of wood packaging materials include pallets, crates, boxes, cases, bins, reels, drums, load boards, skids, pallet collars, and containers.
The report covers all the major trends and drivers playing a key role in the growth of the Wood Packaging market. The wood Packaging market is segmented by Product, Application, and Region.
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Market Dynamics
The global Wood Packaging market is primarily driven by growth in the construction industry and rising industrial production. Packaging is one of the most important parts of the industry and there is increasing demand for wooden packaging these days as the rising awareness about the negative impact of usage of plastic on the environment. And also, the upcoming stringent government regulation for plastic packaging is having a positive impact on the wood packaging market. For instance, The Austrian federal government is seeking a complete ban on non-biodegradable plastic bags from January 1, 2020,. The suggested legislation will be part of a larger action against plastic pollution, such as a ban on adding microplastics in cosmetics and reducing plastic packaging by 25% by 2026
These packagings are more cost-effective and the use of pellets widely in food & beverages as they have the ability to absorb bacteria which protect the food from cross-contamination. Increasing food & beverage industry coupled with the stringent regulation of government for food safety due to the increased consumption for packaged food & beverages will propel the wood packaging market during the forecast period.
However, fluctuation in the price of the raw material will hinder the market growth.
Wood Packaging Materials Market Segmentation:
By Product
· Wooden Pallets
· Wooden Containers
By Type
· Standard Wood Packaging
· Heavy-Duty Wood Packaging
By Application
· Food & Beverages
· Shipping
· Transportation
· Others
Geographical Classification of the Global Market:
By geography, the global Wood Packaging market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).
North America holds the largest market share for Wood packaging due to the rise in commerce. Increased adoption of wooden pallets in the food and beverage industry to transport their products because of their ability to absorb bacteria naturally. Such cost benefits associated with wood packaging are identified as one of the major factors driving the growth of the market for the region. For instance, The U.S. Department of Commerce estimates consumers spent $513.61 billion online in 2018, up 14.2% from 2017. Total retail sales increased 4.1% to $3.63 trillion, according to its figures.
Asia-Pacific is the highest growing region for the wood packaging industry because wooden pallets and boxes are increasingly being adopted by distribution centers, production units, and manufacturing units because of their cost-effectiveness. Wooden pallets have a lower average cost than plastic pallets and are also fully recyclable. The introduction of stackable pallets will also help in reducing the cost of floor spacing and improve space utilization for end-users.
Wood Packaging Materials Market Competitive Analysis
The wood Packaging market is highly competitive, and thus, manufacturers continuously focus on developing new strategies to grab a greater number of customers across the globe. Over the coming years, companies are expected to focus on potential growth markets for Wood Packaging. To that end, besides expanding their presence, companies are expected to formulate effective distribution strategies to make their presence felt in the upcoming markets for Wood Packaging. Merger, acquisition, and product development are key strategies adopted by leading players.
In March 2017, Pujolasos announced the launch of their new range of wooden makeup packaging which consists of mascara, nail polish, lip- gloss, lotion, and compact. The main aim of the launch is to meet the need and requirements of the customer who want products that are natural and sustainable
Key Players Covered in the Global Market Report:
The major players in the market are Universal Forest Products, Inc., Shur-way Group Inc, Palcon, Cox Co, and Stora Enso. Other prominent players in the market are Bay Wood Products, Inc., Rowlinson Packaging Ltd, C&K Box Company, Inc., Integra s.c., and Brambles Ltd.
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The Full Report has the below insights.
The report offers a comprehensive evaluation of the market in terms of Market Value (US$) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical data (2020-2021), and verifiable projections about market size during the forecast period (2022-2029).
Visualize the composition of Wood Packaging Materials Market segmentation By Technology, service, By Application, and country, highlighting the key commercial assets and players.
By Product
By Type
By Application
Identify commercial opportunities in the Market by analyzing trends and co-development deals.
The report also covers data insights on various industry forces such as porter’s five forces, regulations in each country, reimbursement scenario, technological advancements, PEST analysis, and pricing analysis.
Excel data sheet with thousands of Market-level 4/5 segmentation data points.
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Product mapping in excel for the key product of all major market players
The report will provide access to approximately 50+ market data tables, 40+ figures, and close to 180 pages.
Additional Benefits Post Purchase:
Unlimited Analyst support for a period of 1 year.
Any query regarding the scope offered will be addressed within 24- 48 hours.
An excel sheet with market numbers will be provided separately.
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