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Wood Packaging Materials Market

Wood Packaging Materials Market Size, Share & Industry Analysis, By Material Type (Pallets, Crates, Boxes, Barrels & Drums, Others), By Wood Type (Hardwood, Softwood), By End-Use Industry (Food & Beverage, Chemical, Pharmaceutical, Construction, Manufacturing, Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) -- Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Report Code: PAC00576
Report Format: PDF + PPT + Excel
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Report Description

Market Overview

The global Wood Packaging Materials Market is expected to grow at a CAGR of 5.2% from 2024 to 2031, reaching a value of USD 86.4 billion by 2031. Asia-Pacific is the dominant region, accounting for 35% of the market share in 2024. The market is driven by factors such as increasing international trade, growing demand for sustainable packaging solutions, and the versatility of wood packaging materials.

 

Market Dynamics

Market Trends: Shift towards sustainable packaging solutions

Businesses are increasingly looking for environmentally responsible alternatives to plastic packaging. Wood packaging materials, which are biodegradable and recyclable, are becoming popular as a sustainable option.

Customization and branding opportunities: Wooden packing materials provide tremendous customisation and branding opportunities. Businesses are harnessing wood's natural aesthetics to develop unique and premium package designs that increase product appeal and brand identification.

Technological advancements in wood processing: Advances in wood processing technology enable the development of high-quality, long-lasting, and cost-effective wood packing materials. Wood packaging's application breadth is expanding because to innovations like engineered wood and composite materials.

Market Drivers: Growth in e-commerce and online retail.

The fast rise of e-commerce and online retail is increasing the need for dependable and protective packaging solutions. Wood packing materials, notably pallets and crates, are commonly utilised in the logistics and shipment of goods ordered online.

Increasing focus on product safety and integrity: Businesses are focussing more on product safety and integrity during shipping and storage. Wood packaging materials offer great protection against damage, contamination, and tampering, making them an ideal alternative for sensitive products.

Regulatory support for sustainable packaging: Governments and regulatory agencies around the world are enacting laws and regulations that encourage the use of sustainable packaging materials. This regulatory assistance is encouraging the use of wood packaging materials as an alternative to plastic packaging.

Market Restraints: Fluctuations in raw material prices 

The wood packing materials industry is sensitive to fluctuations in raw material costs, particularly timber. Price fluctuation can have an impact on the profitability and competitiveness of wooden packaging makers.

Competition from alternative packaging materials: Wood packaging products compete with alternative packaging materials such as plastic, metal, and paper-based alternatives. The availability of cost-effective, high-performance alternatives may limit the growth of the wood packaging materials market.

 

Segment Overview

Pallets dominate the wood packaging materials industry, accounting for YY% of the market share in 2024. The segment is likely to remain dominant throughout the forecast period, driven by rising demand for efficient and standardised logistics solutions.

Recent pallet-related news includes the development of smart pallets with RFID technology for real-time tracking and inventory management. Furthermore, the use of pooled pallet systems is gaining traction, allowing organisations to cut costs while improving supply chain efficiency.

Key statistics: Global pallet production will reach YY billion units in 2024. Wooden pallets represent YY% of the whole pallet market. The average lifespan of a wooden pallet is 5-7 years.

 

Regional Outlook

Asia-Pacific is the world's largest market for wood packaging materials, because to its strong industrial sector and rising international trade.

The region benefits from a plentiful supply of raw materials, cheap labour, and a well-established manufacturing infrastructure. Countries such as China, India, and Southeast Asia are important contributors to Asia-Pacific's wood packaging materials market growth.

The Asia-Pacific area has recently seen the creation of new wood packaging production facilities to meet increasing demand. Companies are also investing in cutting-edge technologies to boost manufacturing efficiency and product quality.

Key statistics: Asia-Pacific accounted for YY% of the global wood packaging materials market in 2024. Of which china is the major manufacturer and consumer of wooden packaging materials in the region. The Asia-Pacific market is estimated to develop at a CAGR of 6.5% over the forecast period.

 

Competitive Intelligence

The wood packaging materials market is highly fragmented, with several regional and local companies. However, a few important competitors have a considerable market share and are driving industry growth through their strong market position, diverse product range, and strategic activities.

  • Brambles Limited

  • Greif, Inc.

  • Mondi Group

  • Universal Forest Products, Inc.

  • Nefab Group

These companies are focusing on mergers and acquisitions, product innovations, and geographical expansions to strengthen their market presence. They are also investing in sustainable packaging solutions to cater to the growing demand for eco-friendly packaging options.

To increase their market position, these organisations are focussing on mergers and acquisitions, product innovations, and global expansions. They are also investing in sustainable packaging solutions to meet the increased demand for environmentally friendly packaging alternatives.

Strategic partnerships and collaborations between wood packaging makers and end-use industries are becoming increasingly common in the market, with the goal of developing customised and industry-specific packaging solutions. Furthermore, organisations are implementing automation and digitalisation technology to improve their manufacturing operations and supply chain management.

The future forecast for the wood packaging materials market remains optimistic, thanks to increased worldwide trade, a developing e-commerce industry, and a demand for sustainable packaging solutions. However, the market will face obstacles such as changes in raw material prices and competition from other packaging materials.

 

Analyst Opinion

The market for wood packaging materials is expected to rise steadily in the coming years, owing to rising demand for environmentally friendly and dependable packaging. The increase of international trade, the surge in e-commerce, and the focus on product safety and integrity will all help to drive market growth.

One of the important trends that will shape the industry is the growing use of reusable and recyclable wood packaging materials. As businesses and consumers grow more environmentally concerned, the demand for sustainable packaging solutions will increase. Wood packaging firms who can provide eco-friendly and circular economy solutions would be well positioned to benefit from this trend.

 

Major Players

  • Brambles Limited

  • Greif, Inc.

  • Mondi Group

  • Universal Forest Products, Inc.

  • Nefab Group

  • UFP Industries, Inc.

  • PalletOne, Inc.

  • CHEP

  • Rowlinson Packaging Ltd

  • Schoeller Allibert Services B.V.

 

Key Developments

  • Brambles Limited announced the acquisition of a renowned European wood packaging manufacturer in January 2024 as part of its expansion strategy in the region.

  • Greif, Inc. will launch a new line of sustainable wood packaging goods in March 2024, using recycled and responsibly sourced materials.

Table of Content

1. INTRODUCTION

   1.1. Market Definitions & Study Assumptions

   1.2. Market Research Scope & Segment

   1.3. Research Methodology

 

2. EXECUTIVE SUMMARY  

   2.1. Market Overview & Insights

   2.2. Segment Outlook

   2.3. Region Outlook

 

3. COMPETITIVE INTELLIGENCE

   3.1. Companies Financial Position

   3.2. Company Benchmarking -- Key Players  

   3.3. Market Share Analysis -- Key Companies

   3.4. Recent Companies Key Activities

   3.5. Pricing Analysis

   3.6. SWOT Analysis

 

4. Company Profiles (Key Companies list by Country) (Premium)*

 

5. COMPANY PROFILES

   5.1. Brambles Limited 

   5.2. Greif, Inc.

   5.3. Mondi Group

   5.4. Universal Forest Products, Inc.

   5.5. Nefab Group

   5.6. UFP Industries, Inc.

   5.7. PalletOne, Inc.  

   5.8. CHEP

   5.9. Rowlinson Packaging Ltd

   5.10. Schoeller Allibert Services B.V.

   5.11. DS Smith Plc

   5.12. Ongna Wood Products  

        (*LIST NOT EXHAUSTIVE)

 

6. MARKET DYNAMICS

   6.1. Market Trends

       6.1.1. Shift towards sustainable packaging solutions

       6.1.2. Customization and branding opportunities  

       6.1.3. Technological advancements in wood processing

   6.2. Market Drivers

       6.2.1. Growth in e-commerce and online retail

       6.2.2. Increasing focus on product safety and integrity

       6.2.3. Regulatory support for sustainable packaging  

   6.3. Market Restraints 

       6.3.1. Fluctuations in raw material prices

       6.3.2. Competition from alternative packaging materials

   6.4. Market Opportunities

   6.5. Porter's Five Forces Analysis

       6.5.1. Threat of New Entrants

       6.5.2. Bargaining Power of Buyers/Consumers

       6.5.3. Bargaining Power of Suppliers

       6.5.4. Threat of Substitute Products

       6.5.5. Intensity of Competitive Rivalry

   6.6. Supply Chain Analysis 

   6.7. Value Chain Analysis

   6.8. Trade Analysis

   6.9. Pricing Analysis

   6.10. Regulatory Analysis

   6.11. Patent Analysis

   6.12. SWOT Analysis

   6.13. PESTLE Analysis

 

7. BY MATERIAL TYPE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)

   7.1. Pallets

   7.2. Crates  

   7.3. Boxes

   7.4. Barrels & Drums

   7.5. Others

 

8. BY WOOD TYPE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)

   8.1. Hardwood

   8.2. Softwood

 

9. BY END-USE INDUSTRY (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031) 

   9.1. Food & Beverage

   9.2. Chemical

   9.3. Pharmaceutical  

   9.4. Construction

   9.5. Manufacturing

   9.6. Others

 

10. BY REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)

   10.1. North America

       10.1.1. United States

       10.1.2. Canada

       10.1.3. Mexico

   10.2. Europe  

       10.2.1. Germany

       10.2.2. United Kingdom

       10.2.3. France

       10.2.4. Italy

       10.2.5. Spain 

       10.2.6. Russia

       10.2.7. Rest of Europe

   10.3. Asia-Pacific

       10.3.1. China

       10.3.2. Japan

       10.3.3. India

       10.3.4. Australia

       10.3.5. South Korea

       10.3.6. Rest of Asia-Pacific

   10.4. Latin America  

       10.4.1. Brazil

       10.4.2. Argentina 

       10.4.3. Rest of Latin America

   10.5. Middle East & Africa

       10.5.1. Saudi Arabia

       10.5.2. UAE

       10.5.3. South Africa

       10.5.4. Rest of Middle East & Africa

 

*NOTE: All the regions mentioned in the scope will be covered with market size, share, forecast, and year-over-year growth data from 2020 to 2031.

Scope of the Report

BY MATERIAL TYPE

  • Pallets

  • Crates

  • Boxes

  • Barrels & Drums

  • Others

 

BY WOOD TYPE

  • Hardwood

  • Softwood

 

BY END USE INDUSTRY

  • Food & Beverage

  • Chemical

  • Pharmaceutical

  • Construction

  • Manufacturing

  • Others

 

BY REGION

  • North America

  • Europe

  • Asia-Pacific

  • Latin America

  • Middle East & Africa

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