Global Wood Packaging Materials Market, Product Type (Wooden Pallets, Wooden Containers ) End User (Food and Beverages, Shipping, Transportation), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights : Global Wood Packaging Materials Market
Wood packaging materials market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 3.2% in the above-mentioned forecast period and the market value is anticipated to reach USD 8,234.1 million by 2029.
Packaging is one of the most significant parts of the industry and there is high demand for wooden packaging these days owing to the rise in awareness regarding the negative impact of usage of plastic on environment. Wood packaging materials (WPM) is basically a hardwood and softwood packaging that are more cost effective and have ability to absorb bacteria which protect the food from cross- contamination.
Growth in construction industry and rising industrial production is driving the growth in the market value. The lower average cost than plastic pallets and are also fully recyclable will also foster the market growth. Moreover, the growing awareness about the negative impact of usage of plastic on environment coupled with stringent government regulation for the plastic packaging are some other significant factors that will also promote the market growth rate. However, the fluctuation in the price of the raw material is projected to create hindrance for the market growth rate.
The increasing research and development activities and use of innovative packaging, as well as advanced manufacturing processes to develop sustainable and eco-friendly packaging solutions provide profitable opportunities for the growth of the market. The disruption in supply chain due to COVID-19 and heavy weight of wooden packaging applications when compared to other packaging products is projected to further dampen the market growth rate, resulting in generating challenges for the market’s growth rate.
This wood packaging materials 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 wood packaging materials 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 Wood Packaging Materials Market Scope and Market Size
Wood packaging materials market is segmented on the basis of product type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the wood packaging materials market is segmented into wooden pallets and wooden containers.
- On the basis of end user, the wood packaging materials market is segmented into food and beverages, shipping and transportation.
Wood Packaging Materials Market Country Level Analysis
The wood packaging materials market is analyzed and market size insights and trends are provided by product type and end user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is anticipated to lead the wood packaging materials market and will continue to flourish its trend of dominance during the forecast period due to rise in the e-commerce. Increased adoption of wooden pallets in food and beverage industry within the region. Asia Pacific is projected to show lucrative growth due to being adopted by distribution centers, production units, and manufacturing units because of their cost-effectiveness.
The country section of the wood packaging materials market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Wood Packaging Materials Market Share Analysis
The wood packaging materials 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 wood packaging materials market.
Some of the major players covered in the wood packaging materials market report are UFP Industries, Inc., Shur-way Group Inc, Cox Co, PACKXPERT INDIA PVT LTD., CHEP, Rowlinson Packaging Ltd., C&K Box Company, Inc., InterAgra s.c., Brambles Ltd, Greif, Mondi, NEFAB GROUP, Hemant Wooden Packaging, Spruce Pax Private Limited, SHREE SAIRAM INDUSTRIAL CORPORATION, Rajat Packers, Totre Industries, PalletOne, Ongna Wood Products and ARRINGTON LUMBER & PALLET CO., among others.
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