Packaging has become an integral part of most of the industries in the world. The demand for packaging has surged throughout the past decade. This demand has brought about a series of innovations to packaging that has improved the packaging design and functionality. The shift in the use of materials used for packaging has also been witnessed.
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.
Pallets and containers made of wood are commonly used in the shipping, transportation, and storage of goods. They can be ordered in standardized or bespoke specs. The duties of wooden pallets and containers are fulfilled by varied standards. Reusable wooden pallets and containers are mended and re-circulated if they are damaged. Pallets made of wood typically last 5-7 years.
Wooden pallets and containers Market-Market Dynamics
As we are seeing a global rise in disposable incomes and consumerism, the food and beverages sector will witness a huge demand, which is the major driver for the global wooden pallets and containers market. As a result, we can expect 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 the 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 into 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.
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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.
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Regional analysis includes
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
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