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Global Wooden Packaging Market – Industry Trends and Forecast to 2030

  • Materials & Packaging
  • Upcoming Report
  • Dec 2022
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Wooden Packaging Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 3.53 Billion
Diagram Market Size (Forecast Year) USD 5.58 Billion
Diagram CAGR %

Global Wooden Packaging Market, By Product Type (Pallets, Cases and Boxes), Application (Food and Beverages, Shipping, Transportation, Construction Industry, Others) – Industry Trends and Forecast to 2030.

Wooden Packaging Market Analysis and Size

The wooden packaging is the extensive word for packaging solutions such as boxes, containers, pallets and others manufactured of wood to protect, support or carry a commodity. The “pallet” is expected to be the fastest growing product type segment due to its global handling and distribution process. These pallets allow safe storage and transport of the product. For instance, as per the report of Pallet Company, U.S. wood industry collects around 42% of the annual rise in hardwood timber which is physiologically available for harvest. Furthermore, more than 1.8 billion pallets are used daily and 93% are made from wood in U.S.

Data Bridge Market Research analyses that the wooden packaging market was valued at USD 3.53 billion in 2022 and is expected to reach USD 5.58 million by 2030, registering a CAGR of 5.89% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.     

Wooden Packaging Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Pallets, Cases and Boxes), Application (Food and Beverages, Shipping, Transportation, Construction Industry, Others)

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

Market Players Covered

Boise Cascade (U.S.), Celulosa Arauco Y Constitucion (Chile), Huber Wooden packagings 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), infocom Network Private Limited (China), Eastman Chemical Company (U.S.), Sappi (South Africa), Tembec Inc. (Canada), UFP Industries, Inc., (U.S.), Mondi (U.K.), Shur-way Group Inc. (Canada), ACKXPERT INDIA PVT LTD. (India), Brambles Ltd,(Australia), C&K Box Company (U.S.), RRINGTON LUMBER & PALLET CO. (U.S.)

Market Opportunities

  • Rising adoption of wood packaging over plastic packaging
  • Growing demand for eco-friendly packaging

Market Definition

Wooden packaging mainly comprises of wooden cases, pallets and boxes which are made up of wood. These packaging containers are made from numerous types of wood such as teakwood, sandalwood and ply wood. They have become perfect packaging solutions which are used across variety of industries for transporting and storing a variety of products.

Wooden Packaging Market Dynamics

Drivers

  • Growing Construction Activities

The building and construction activities are growing rapidly in numerous countries, such as Singapore and India due to increasing per capita income of the consumers and economic reforms. Construction activities require wooden packaging to convey the building products from suppliers to construction sites.  The Indian government has started projects, such as ‘‘Housing for All and 100 smart cities by 2022’ which are anticipated to drive the Indian construction market in the forecast period. According to the International Trade Administration (ITA) report, the construction value was USD 893.58 in china and is projected to reach around USD 968.06 by 2019. Such government’s initiatives are prominent to augmented building and construction activities which acts as a driver for the market during the forecast period

  • Rise in demand due to superior properties

The wooden packaging is high in demand owing to its superior properties such as readily available globally, good strength, recyclable, quick and easy to make, easily customizable, and stiffness for the price. These are some of the major factors which are increasing the demand for the wooden packaging in the market during forecast period.

Opportunities

  • Growing demand for eco-friendly packaging

Wooden packaging is an eco-friendly option for packaging several products because they are made of wood. Wood can easily biodegradable or decomposable and giving the peace of mind because this packaging is not going direct to the landfill. Thus, the growing demand of environment-friendly packaging is anticipated to create immense opportunities for the wooden packaging market

  • Rising adoption of wood packaging over plastic packaging

Packaging is one of the major part of the market. The growing demand for wooden packaging because of increasing awareness regarding the negative impact of usage of plastic on the environment create ample opportunities for the market growth.  Furthermore, the normal price of wooden pallets is two times inexpensive than that of plastic pallets. Now, wooden pallet manufacturers are introducing stackable pallets that help to decrease floor space and the expense of storing and transit goods. Furthermore, wood packaging products have numerous advantages such easy to repair, cleats for increased sturdiness, reusable, eco-friendly, high friction, as temperature tolerance, durability and customizable, which will further create ample opportunities for the market during the forecast period..

Restraints/ Challenges

  • Issues associated with wood packaging

increase in concerns regarding bacterial growth on the food surface and Volatility in the price of raw material  are expected to obstruct the growth of the wooden packaging market dueing the forecast period, whereas the large weight of wooden packaging applications as compared to other packaging solutions can challenge the wooden packaging market growth.

 This wooden 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 growth  application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the wooden 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.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Covid-19 Impact on Global Wooden packaging Market

The outbreak of COVID-19 pandemic has adversely impacted the imports and exports of products.  Governments of the major producing countries have imposed restrictions in import and export activities which are considerably disrupting the transportation and shipping of numerous commodities, which is also disrupting the demand of the wood packaging. Most of the countries during pandemic have gone under lockdown, owing to which the construction operations and projects are disruptively stopped, which was also hampered the market growth. Also, wood packaging cannot be sanitized evenly, due to which the usage of the plastic and metallic packages were more preferred which was also affecting the wood packaging market negatively.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

  • In 2019, Stora Enso launched new wood-based composite named DuraSense. This is mainly designed for cosmetics, food, and luxury brands. The main goal of this launch is to substitute fossil packing with renewable ones. This will also help them meet the increasing demand for wood to reduce the use of plastics.

Global Wooden Packaging Market Scope

The wooden packaging market is segmented on the basis of product type and application. 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.

Product Type

 Application

  • Food and Beverages
  • Shipping
  • Transportation
  • Construction Industry
  • Others

Wooden Packaging Market Regional Analysis/Insights

The wooden packaging market is analyzed and market size insights and trends are provided by country, product type and application as referenced above.

The countries covered in the wooden 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 wooden packaging market in terms of market share and revenue. This is mainly due to rapid growth in the commerce and increasing adoption of wooden pallets in food and beverage sector to transport their products in this region.

Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023-2030 due to increase in the adoption by distribution centers, production units and manufacturing units because of their cost-effectiveness in this region.

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 Wooden Packaging Market Share Analysis

The wooden 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 wooden packaging market.

Some of the major players operating in the wooden packaging market are:

  • Boise Cascade (U.S.)
  • Celulosa Arauco Y Constitucion (Chile)
  • Huber Wooden packagings 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)
  • nfocom Network Private Limited (China)
  • Eastman Chemical Company (U.S.)
  • Sappi (South Africa)
  • Tembec Inc. (Canada)
  • UFP Industries, Inc., (U.S.)
  • Mondi (U.K.)
  • Shur-way Group Inc. (Canada)
  •  ACKXPERT INDIA PVT LTD. (India)
  • Brambles Ltd, (Australia)
  • C&K Box Company (U.S.)
  • RRINGTON LUMBER & PALLET CO. (U.S.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The market value for wooden packaging market in 2022 is USD 3.53 million.
The wooden packaging market is to grow at a CAGR of 5.89% during the forecast period of 2023 to 2030.
The Wooden Packaging Market is segmented by Product Type and Application.
North America dominates the wooden packaging market in terms of market share and revenue. This is mainly due to rapid growth in the commerce and increasing adoption of wooden pallets in food and beverage sector to transport their products in this region.
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