Packaging has become an essential component of nearly every industry on the planet. The demand for packaging has increased dramatically during the last decade. This desire has resulted in a number of packaging developments that have enhanced packaging design and functionality. A change in the materials used in packaging has also been observed.
In most industries, switching from rigid to flexible packaging has been the norm. When it comes to shipping and transporting larger consignments, however, rigid packaging has maintained its dominance. Wooden pallets and containers are the most common examples. Even after the introduction of plastic pallets and containers to the market, wooden pallets and containers still account for more than 90% of the market.
Wooden pallets and containers are widely used in the shipping, transport and storage of products. They are available in either standardized or customized specifications. Different specifications fulfil different functions of the wooden pallets and containers. Wooden pallets and containers are re-usable and if damaged, are repaired and sent back into circulation. Wooden pallets generally last for 5-7 years.
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Wooden pallets and containers Market- Market Dynamics
As we are seeing a global rise in disposable incomes and consumerism, food and beverages sector will witness a huge demand, which is the major driver for global wooden pallets and containers market. As a result, we can expect a steady growth in the wooden pallets and containers market throughout our forecast period of 2016-2014.
Due to the market being quite fragmented, there is trouble in standardization of wooden pallets and containers. However, efforts have been made both at the local and global level for the same. More than 90% of total pallets and containers are made of wood. Recoverability of pallets in overseas shipments becomes hard and the cost of recovery exceeds the cost of the pallets itself.
Wooden pallets and containers Market- Regional Outlook
In terms of geography, the wooden pallets and containers market has been divided in to five key regions; North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. North America followed by Western Europe are the largest consumers of wooden pallets and containers in the world. USA alone holds around 15% of share in global wooden pallets and containers market.
Wooden pallets and containers are locally manufactured as well as imported. With the rising disposable incomes and consumerism in Asia Pacific and Middle East, we can expect to see a promising growth in the wooden pallets and containers market in the region throughout the forecast period of 2016-2026.
Wooden pallets and containers Market- Major Players
Some of the key players in the wooden pallets and containers market are Universal forest products, Inc., Shur-way Industries, Inc., Palcon LLC, Coxco, inc., Larch Ltd., CHEP, Bay wood products, Inc., Rowlinson Packaging Ltd., C&K Box, Inc., InterAgra.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections done using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type, machine size and end-use.
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Regional analysis includes
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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