Global Wood Packaging Market Insight

Global wood packaging are forecast to 5.39% over the next five years. According to the WK-chem Research, “Global Wood Packaging Professional Survey Report 2022, Forecast to 2027”, owing to wide usage of wood to manufacture containers because its relatively plentiful, inexpensive and easy to obtain characteristics. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 5.39% base on WK-chem Research regression analysis model.?

Analysts’ Viewpoint:

“Moreover, the wood packaging is engineered to allow for re-use multiple times and allows wood packages to be mechanically disassembled and rebuilt into new pallets with recycled wood components, which is anticipated to drive the wood packaging market substantially during the forecast period”, said Patrick Murphy, Data Analyst, in WK-chem Research.

Market insight:

Packaging is one of the most important parts of the industry and there is an increasing demand for wooden packaging these days as there is a rising awareness about the negative impact of usage of plastic on the environment.?Also, the average cost of wooden pallets is two times cheaper than that of plastic pallets. And the wooden pallet manufacturers are introducing stackable pallets that help reduce floor space and the cost of storing & transit goods. Moreover, wood packaging products have several advantages such as temperature tolerance, durability, easy to repair, cleats for increased sturdiness, reusable, eco friendly, high friction, and customizable, which acts as driver for the wood packaging market during the forecast period.

Some wooden packages such as wooden crates are usually custom made, so they can be expensive. The untreated wood packages can easily become contaminated with fungi and bacteria. Often the treatment of wooden crates with paint or other chemicals causes wood quality deterioration. Also, the wood material may be too hard or rough for products like soft fruits, and therefore liners of soft material may be needed, which further increases the expenses. Metallic packagings are being preferred as it is hard to dispose of the wooden crates after use. Moreover, the continuous manufacturing of wooden packagings such as crates, pallets, containers, and more have put an extra claim on the natural forest resources. All these disadvantages of wood packaging may hinder its market growth during the forecast period.

Competition Landscape:

This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wood packaging companies that include: Universal Forest Products, Inc., Shur-way Group Inc, Palcon, Cox Co, and Stora Enso, Bay Wood Products, Inc., Rowlinson Packaging Ltd, C&K Box Company, Inc., InterAgra s.c., and Brambles Ltd.

Segmentation of Wood Packaging Market:

According to the type, the market for wood packaging is divided into: Pallets, Boxes and Bins, Crates and Cases, Spools, Dunnage, and Others. The pallet packaging segment held the largest share in the wood packaging market, owing to its superior characteristics such as low cost, good strength, stiffness for the price, quick and easy to make, easily customizable, readily available globally, recyclable, made from renewable material, high friction to minimize freight movement and easily repairable. Also, wooden pallets gained its popularity with the advent of the forklift truck and containerized transport as they increased the efficiency of loading and unloading freight. In some cases, wooden pallets are even used to display products in retail or wholesale environments. Thus, wooden pallets are being widely used for storage as well as freight and have become an integral part of most racking and warehousing systems, which is boosting the demand for wooden pallet packaging during the forecast period.

According to the application, the market for wood packaging is divided into: Food & Beverages Storage, Transportation, Industrial, Shipping, and Others. The food & beverages storage application held the largest share in the wood packaging market, owing to the increasing demand of wood packaging from the food products storage industries to pack, transport, handle, preserve, present and give an added value to the food products such as fruit, vegetable, fish, seafood, wines, oils, dairy, conditioned meat, bakery, dried fruits and more. Also, the wood packaging is being widely used in the industry as wooden packages are a good medium to protect the things kept inside since wood packages are relatively resistant to different weather conditions, making the stored product safe inside the box. Moreover, wooden packages are not damaged by moisture and therefore a perfect choice when it comes to the transportation of goods which can be damaged by moisture. Thus, the wide usage of wood packaging to store food products and beverages is anticipated to propel the wood packaging market during the forecast period.

Wood Packaging Market: Regional Analysis

In terms of geography, the global wood packaging market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Asia Pacific region held the largest share in the wood packaging market, owing to increasing adoption of wooden packaging in the food and beverage industry to transport food and beverage products because of its ability to absorb bacteria naturally, which helps protect these products from cross-contamination.?The market is flourishing in North America region as well.?Thus, the rising food and beverage industry coupled with the increasing export value of commodities is increasing the demand for wood packages in the region, which is anticipated to further drive the wood packaging market in North America and Asia Pacific during the forecast period.

Cagr: 5.39%

Largest share area：Asia Pacific

Largest share country：China

Product Type：Pallets, Boxes and Bins, Crates and Cases, Spools, Dunnage, and Others.

Application：Food & Beverages Storage, Transportation, Industrial, Shipping, and Others.

Leading Company：Universal Forest Products, Inc., Shur-way Group Inc, Palcon, Cox Co, and Stora Enso