In 2022, the global wood pallets and containers market will be worth US$ 72.23 billion. According to FMI, the market will reach US$ 119.92 billion by 2032, growing at a 5.5% CAGR between 2022 and 2032.
In most global industries, packaging has become indispensable. Over the past ten years, packaging has experienced an increase in demand. Because of this demand, packaging has seen a number of advancements that have enhanced its appearance and usefulness. It has also been noted that packing materials are now being used differently.
In the majority of businesses, switching from rigid to flexible packaging has now become standard practise. Nonetheless, rigid packaging still holds sway when it comes to the shipment and transportation of larger consignments. Pallets and containers made of wood are the most prevalent example. Even after plastic pallets and containers entered the market, more than 90% of the pallets and containers market is still dominated by wooden pallets and containers.
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Pallets and containers made of wood are frequently used for goods shipment, storage, and transportation. These can be ordered with either standard or unique specifications. The wooden pallets and containers fulfil various functions according to various criteria. Hardwood pallets and containers can be restored and put back into use after being 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, 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.
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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.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
he 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.
Wooden Pallets And Containers Market Segmentation:
Based on the design, the wooden pallets and containers market is segmented into:
- Stringer pallets
- Block pallets
Based on end use, the wooden pallets and containers market is segmented into:
- Grocery
- Beverages
- Telecommunications
- Dairy
- Automotive
- Chemicals
- Construction
- Others
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Wooden containers Market- Market Segmentation:
Based on the product type, the wooden pallets and containers market is segmented into:
- Boxes
- Crates
- Wire bound containers
- Wire bound pallet type box
Based on the end use, the wooden pallets and containers market is segmented into:
- Electronics & electrical
- Food & Beverages
- Dairy
- Shipping
- Transportation
- Others
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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