The global wooden & plywood packaging market is anticipated to reach a valuation of US$ 19.1 billion in 2023, driven by sustainability and environmental concerns. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 3.9% between 2023 and 2033, and reaching a total valuation of approximately US$ 29.6 billion by 2033.
One of the major factors contributing to the growth of the wooden & plywood packaging market is the eCommerce and unboxing experience. The rise of e-commerce has transformed the packaging landscape. Unboxing has become a crucial part of the customer experience, and wooden and plywood packaging offers a tactile and visual appeal that enhances the excitement of receiving a package. The trend has led businesses to invest in unique and memorable packaging solutions to leave a lasting impression on customers.
Heightened concerns about plastic waste and environmental pollution have driven the exploration of alternative packaging materials. Wooden and plywood packaging stands out as a viable option, offering a natural, rustic appearance that appeals to both consumers and businesses looking to make a sustainable choice.
Wooden and plywood packaging provide robust protection for delicate, fragile, or high-value items during transit, reducing the risk of damage. Industries such as electronics, ceramics, and glassware benefit from the cushioning and shock-absorbing properties of wood, ensuring products arrive in optimal condition.
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Key Takeaways from the Market Study
- Global wooden & plywood packaging market was valued at US$ 18.2 billion by 2022-end.
- From 2018 to 2022, the market demand expanded at a CAGR of 2.2%.
- North America is expected to hold a dominant CAGR of 4.4% during the forecast period.
- By material type, plywood segment within plastic is expected to constitute a CAGR of 4.4% in 2033.
- On the basis of end user, bakery & confectionery sub-segment of food segment is expected to dominate the market with a CAGR of 4.4% in 2033.
- From 2023 to 2033, wooden & plywood packaging market is expected to flourish at a CAGR of 4.5%.
- By 2033, the market value of wooden & plywood packaging is expected to reach US$ 29.6 billion.
Customization and branding, across the globe, is a major factor that is expected to propel the growth of the wooden & plywood packaging market in the near future, remarks an FMI analyst.
Competitive Landscape
Prominent players in the wooden & plywood packaging market are
- Nefab AB,
- Edwards Wood Products, Inc.,
- Green Pack Industries,
- Napa Wooden Box Co.,
- Ongna Wood Products, Inc.,
- Shur-way Industries, Inc.,
- Rowlinson Packaging Ltd,
- C&K Box Company, Inc.,
- C Jackson & Sons Ltd.,
- Bay wood products, Inc.,
- Arrington Lumber and
- Pallet Company, and
- LJB Timber Packaging Pty. Ltd.,
- among others.
Recent Developments:
- In 2023, Ongna Wood Products, Inc. opened a new manufacturing facility in China.
- In 2022, Rowlinson Packaging Ltd. opened a new manufacturing facility in the United States.
- In 2021, Napa Wooden Box Co. launched its new line of sustainable wooden crates.
- In the same year, Arrington Lumber and Pallet Company acquired LJB Timber Packaging Pty. Ltd., a leading manufacturer of wooden and plywood packaging solutions in Australia.
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Key Segments Profiled In The Global Wooden & Plywood Packaging Market
By Material Type:
- Hardwood
- Oak
- Teak
- Maple
- Softwood
- Pines
- Spruces
- Plywood
By Product Type:
- Crates
- Pallets
- Stringer Pallets
- Block Pallets
- Cases & Boxes
- Bins
- Barrels
- Dunnage
- Others (reels, drums, spools, etc.)
By End User:
- Food
- Fruits & Vegetables
- Bakery & Confectionery
- Meat, Poultry, & Seafood
- Ready to Eat
- Others (Spices & Condiments, etc.)
- Beverages
- Alcoholic Drinks
- Ready to Drink
- Bottled Water
- Sports Drinks
- Carbonated Drinks
- Healthcare & Pharmaceuticals
- Chemicals & Petrochemicals
- Home Care and Personal Care
- Others (Electrical & Electronics, etc.)
The packaging team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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