Global Engineered Wood Packaging Market, By Type (I-Beams, Plywood, Laminated Veneer Lumber (LVL), Glulam (Glued Laminated Timber), Oriented Strand Boards (OSB), Cross-Laminated Timber (CLT), Others), End User (Residential and Commercial, Industrial) – Industry Trends and Forecast to 2029
Market Analysis and Size
Packaging is one of the most important parts of every industry. There is high demand for engineered wooden packaging due to the increase in awareness regarding the negative impact of plastic based packaging on the environment. The growth rate of the engineered wood market is generally driven by rise in substitution of engineered wood for packaging. As engineered wood is and eco-friendly alternative for the packaging to other type of wood.
Data Bridge Market Research analyses that the engineered wood packaging market was valued at USD 2,300 million in 2021 and is expected to reach USD 2959.14 million by 2029, registering a CAGR of 3.20 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
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Report Metric |
Details |
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Forecast Period |
2022 to 2029 |
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Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2014 - 2019) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Type (I-Beams, Plywood, Laminated Veneer Lumber (LVL), Glulam (Glued Laminated Timber), Oriented Strand Boards (OSB), Cross-Laminated Timber (CLT), Others), End User (Residential and Commercial, Industrial) |
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Countries Covered |
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa |
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Market Players Covered |
Boise Cascade (U.S.), Celulosa Arauco Y Constitucion (Chile), Huber Engineered Woods LLC (U.S.), Kahrs (Sweden), Louisiana-Pacific Corporation (U.S.), West Fraser(Canada), Patrick (U.S.), Futamura (Japan), Celanese Corporation (U.S.), Hubei Golden Ring New Materials (China), Rotofil Srl (Italy), weifang henglian international trading co. ltd (China), Eastman Chemical Company (U.S.), Sappi (South Africa), Tembec Inc. (Canada) |
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Market Opportunities |
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Market Definition
Engineered wood is popular by different names such as composite wood which has manufactured by the cardboard or composite board. Engineered board is a derivative of wood product made from fixing or binding the particles, strands, particles, together with adhesives or other fixation procedures to form composite materials.
Engineered Wood Packaging Market Dynamics
Drivers
- Increase the awareness for using wood based packaging
Growing consumer awareness regarding the growing waste and landfills is producing an aversion among them towards the use of plastic in packaging in developed and developing economies. With growing environmental concern and awareness, consumers are actively adopting engineered wood for the product's packaging, which are expected to drive the market growth rate.
- Growing demand for ecofriendly packaging
Engineered wood are an eco-friendly option for packaging solutions because they are made up of recycled wood due to this it can easily biodegradable and giving the peace of mind that the packaging is not going straight to the landfill. The increasing demand of environment-friendly packaging are anticipated to drive the growth of the engineered wood packaging market.
- Rise in demand due to superior properties
The engineered wood based packaging is highly in demand due to its superior properties such as quick and easy to make, easily customizable, readily available globally, good strength, stiffness for the price, recyclable. These are the major factors increasing the demand for engineered wood packaging during the forecast period.
Opportunities
- Focusing on the replacement of plastic packaging solutions
The manufacturers are trying to replace the plastic packaging from engineered wood packaging plastics and concentrating on such problems created with the usage of plastic. They are fully focused on the ban of single-use plastic packaging, modern governing disputes, and policy prospects for engineered wood.
Moreover, increase the number of strategic collaborations and also emerging new markets will act as market drivers and further increase profitable opportunities for the growth of the engineered wood packaging market
Restraints/ Challenges
- Availability of alternatives
However, the presence of alternative packaging solution such as plastic packaging and many other substitutes will act as market restraints and further challenge the growth of the engineered wood packaging market during forecast period.
- High cost
The high price of packaging and volatility in the price of raw material can affect the production of the engineered wood which will expected to obstruct the growth of the engineered wood packaging market during forecast period.
This engineered wood packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the engineered wood packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Engineered Wood Packaging Market Scope
The engineered wood packaging market is segmented on the basis of type and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- I-Beams
- Plywood
- Laminated Veneer Lumber (LVL)
- Glued Laminated Timber
- Oriented Strand Boards (OSB)
- Cross-Laminated Timber (CLT)
- Others
End User
- Residential and Commercial
- Industrial
Engineered Wood Packaging Market Regional Analysis/Insights
The engineered wood packaging market is analysed and market size insights and trends are provided by country, type and end-user as referenced above.
The countries covered in the engineered wood packaging market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
North America dominates the engineered wood packaging market in terms of revenue during the forecast period. This is due to the increasing demand for engineered wood packaging in this region. North America dominates the engineered wood packaging market due to the rapid increase in the e-commerce sector and the huge adoption of wooden pallets for packaging in the food and beverage sector to transport their products in this region.
During the estimated period, Asia-Pacific is anticipated to be the fastest developing region due to increase in the adoption by distribution centers, production units, and manufacturing units due to their cost-effectiveness.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Engineered Wood Packaging Market Share Analysis
The engineered wood packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to engineered wood packaging market.
Some of the major players operating in the engineered wood packaging market are:
- Boise Cascade (U.S.)
- Celulosa Arauco Y Constitucion (Chile)
- Huber Engineered Woods LLC (U.S.)
- Kahrs (Sweden)
- Louisiana-Pacific Corporation (U.S.)
- West Fraser(Canada), Patrick (U.S.)
- Futamura (Japan)
- Celanese Corporation (U.S.)
- Hubei Golden Ring New Materials (China)
- Rotofil Srl (Italy)
- weifang henglian international trading co. ltd (China)
- Eastman Chemical Company (U.S.)
- Sappi (South Africa)
- Tembec Inc. (Canada)
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