Press release
Wood Packaging Market Size, Share, Growth Trends and Research report 2023-2030
Market Overview
Wood packaging is a general term describing packaging solutions made of wood, such as containers, pallets, boxes, and others used to support, protect, or transport a product. ISPM 15 wood packing material has the IPPC seal, which serves as a replacement for the plant passport for intracommunity movement and the phytosanitary certificate for export. Each company's seal is identified by a unique code.
In the European Union (EU), all wood packaging conforms with ISPM 15. All enterprises making wood packaging must use treated and debarked wood, according to the appropriate rule. Specific wood packing materials must be pre-notified in TRACES.NT and subjected to phytosanitary inspections by the ASTA when imported. ASTA inspects and approves companies in Luxembourg that handle wood packaging material. Packaging encompasses a wide range of businesses, including liquid packaging, packaging adhesives, paper, flexible packaging, and others.
Download Free PDF Sample: https://www.datamintelligence.com/download-sample/wood-packaging-market
Market Growth Analysis
According to DataM Intelligence's latest report, the "Global Wood Packaging Market" is estimated to grow at a CAGR of 4.45% during the forecast period 2023-2030.
Market Drivers
The economic advantages of wood packaging are one of the primary factors driving the growth of the market. Distribution centres, production units, and manufacturing units are focusing on lowering shipment costs during the export and import of goods, which include trade packaging costs, sanitization charges, floor spacing and utilization costs, and labour charges during storage and transportation of goods.
Wood packaging, such as pallets and hardwood boxes for export and import, is a more cost-effective solution for end-users when compared to alternative items, such as plastic pallets. The cost of floor spacing and space usage accounts for a considerable portion of the cost of goods shipping. Proper use of space during storage and transportation of products may save up to 54% on costs. Stackable pallets are being introduced by wooden pallet producers to assist in minimizing floor space. Wooden pallets are often preferred for transporting food and beverage products.
Significant Wood Packaging Market Trend
Raising Innovations
Growing innovation in wooden pallets is a significant trend shaping the market growth. The market is very fragmented. Market vendors are offering novel items in order to maintain their market position. Smaller pallets for display-ready packaging are being introduced by wood packaging providers. Half pallets of 24 × 40 inches and quarter pallets of 24 x 20 inches are included. These pallets are also used to move items safely from the production plant to retail outlets.
Wood packaging product producers are producing smarter pallets for easier handling in order to support an automated supply chain, which is helped by automated material handling equipment. Pallets that are smarter are stiffer and more consistent in shape and size. They eliminate sagging and improve interface with automated material handling equipment. With such design and size developments, the demand for wood packaging is likely to rise throughout the forecast period.
Segmentation Analysis
The global wood packaging market is segmented by product type into wooden pallets, and wooden containers; and by application into food & beverages, shipping, transportation.
The pallets segment's market share will expand significantly during the projection period, and the sector is predicted to increase substantially during the projection period. The rapid growth of the global construction sector is the primary driver of this segment. By 2023, the worldwide residential building construction industry is anticipated to be worth USD 7 trillion.
Increased urbanization and increased disposable income are likely to propel APAC to the forefront of the global residential building construction industry. The construction industry's expansion will increase demand for wooden pallets used to carry items such as cement and other building chemicals to construction sites.
Acquisitions/Technology Launches
Stora Enso introduced DuraSense, a new wood-based composite intended specifically for food, cosmetics, and luxury products, in May 2019. The launch's major goal is to replace fossil packaging with sustainable packaging. This will assist them in meeting the growing public desire to limit the use of plastics.
Pujolasos debuted a new line of hardwood beauty packaging in March 2017, including mascara, nail polish, lip gloss, lotion, and compacts. The major goal of the launch is to address the demands and wants of consumers who desire natural and sustainable goods.
For more detailed information: https://www.datamintelligence.com/research-report/wood-packaging-market
Geographical Share
Geographically, the global wood packaging market is segmented into North America, South America, Europe, Asia Pacific, Middle East, and Africa.
Asia Pacific Had a Significant Market Share of 44%
APAC is expected to contribute 44% of global market growth during the projection period and is predicted to expand significantly throughout the forecast period. This segment's primary end-users are the e-commerce and retail sectors. In 2019, the Chinese e-commerce business was worth USD 813 billion. As a result, several third-party logistics (3PL) businesses are expanding their foothold in China's e-commerce market. The rise of Chinese e-commerce distribution centres is likely to boost demand for wooden pallets and boxes. APAC's largest revenue-generating markets are China and India.
Market Leaders of the Global Wood Packaging Market
1. UFP Industries
2. Shur-way Group Inc
3. Rowlinson Packaging Ltd
4. C&K Box Company, Inc.
5. Totre Industries
6. Palcon
7. Ongna Wood Products
8. ARRINGTON LUMBER & PALLET CO.
9. NEFAB GROUP
10. Mondi
Trending Report
Sustainable Flexible Packaging Market - https://www.datamintelligence.com/research-report/sustainable-flexible-packaging-market
Transit Packaging Market - https://www.datamintelligence.com/research-report/transit-packaging-market
Tube Laminating Films Market - https://www.datamintelligence.com/research-report/tube-laminating-films-market
Ampoules Packaging Market - https://www.datamintelligence.com/research-report/ampoules-packaging-market
Confectionery Packaging Market - https://www.datamintelligence.com/research-report/confectionery-packaging-market
Sachet Packaging Market - https://www.datamintelligence.com/research-report/sachet-packaging-market
Media Contact
Company Name: DataM Intelligence
Email: info@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com/
About DataM Intelligence
DataM Intelligence 4Market Research is a Market Research firm that provides end-to-end business solutions to organizations from Research to Consulting. We at DataM Intelligence leverage our top trademark trends, insights, and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of Syndicate Reports & and; Customized Reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries, catering to the key business research needs that influence the growth trajectory of our vast clientele.
Wood packaging is a general term describing packaging solutions made of wood, such as containers, pallets, boxes, and others used to support, protect, or transport a product. ISPM 15 wood packing material has the IPPC seal, which serves as a replacement for the plant passport for intracommunity movement and the phytosanitary certificate for export. Each company's seal is identified by a unique code.
In the European Union (EU), all wood packaging conforms with ISPM 15. All enterprises making wood packaging must use treated and debarked wood, according to the appropriate rule. Specific wood packing materials must be pre-notified in TRACES.NT and subjected to phytosanitary inspections by the ASTA when imported. ASTA inspects and approves companies in Luxembourg that handle wood packaging material. Packaging encompasses a wide range of businesses, including liquid packaging, packaging adhesives, paper, flexible packaging, and others.
Download Free PDF Sample: https://www.datamintelligence.com/download-sample/wood-packaging-market
Market Growth Analysis
According to DataM Intelligence's latest report, the "Global Wood Packaging Market" is estimated to grow at a CAGR of 4.45% during the forecast period 2023-2030.
Market Drivers
The economic advantages of wood packaging are one of the primary factors driving the growth of the market. Distribution centres, production units, and manufacturing units are focusing on lowering shipment costs during the export and import of goods, which include trade packaging costs, sanitization charges, floor spacing and utilization costs, and labour charges during storage and transportation of goods.
Wood packaging, such as pallets and hardwood boxes for export and import, is a more cost-effective solution for end-users when compared to alternative items, such as plastic pallets. The cost of floor spacing and space usage accounts for a considerable portion of the cost of goods shipping. Proper use of space during storage and transportation of products may save up to 54% on costs. Stackable pallets are being introduced by wooden pallet producers to assist in minimizing floor space. Wooden pallets are often preferred for transporting food and beverage products.
Significant Wood Packaging Market Trend
Raising Innovations
Growing innovation in wooden pallets is a significant trend shaping the market growth. The market is very fragmented. Market vendors are offering novel items in order to maintain their market position. Smaller pallets for display-ready packaging are being introduced by wood packaging providers. Half pallets of 24 × 40 inches and quarter pallets of 24 x 20 inches are included. These pallets are also used to move items safely from the production plant to retail outlets.
Wood packaging product producers are producing smarter pallets for easier handling in order to support an automated supply chain, which is helped by automated material handling equipment. Pallets that are smarter are stiffer and more consistent in shape and size. They eliminate sagging and improve interface with automated material handling equipment. With such design and size developments, the demand for wood packaging is likely to rise throughout the forecast period.
Segmentation Analysis
The global wood packaging market is segmented by product type into wooden pallets, and wooden containers; and by application into food & beverages, shipping, transportation.
The pallets segment's market share will expand significantly during the projection period, and the sector is predicted to increase substantially during the projection period. The rapid growth of the global construction sector is the primary driver of this segment. By 2023, the worldwide residential building construction industry is anticipated to be worth USD 7 trillion.
Increased urbanization and increased disposable income are likely to propel APAC to the forefront of the global residential building construction industry. The construction industry's expansion will increase demand for wooden pallets used to carry items such as cement and other building chemicals to construction sites.
Acquisitions/Technology Launches
Stora Enso introduced DuraSense, a new wood-based composite intended specifically for food, cosmetics, and luxury products, in May 2019. The launch's major goal is to replace fossil packaging with sustainable packaging. This will assist them in meeting the growing public desire to limit the use of plastics.
Pujolasos debuted a new line of hardwood beauty packaging in March 2017, including mascara, nail polish, lip gloss, lotion, and compacts. The major goal of the launch is to address the demands and wants of consumers who desire natural and sustainable goods.
For more detailed information: https://www.datamintelligence.com/research-report/wood-packaging-market
Geographical Share
Geographically, the global wood packaging market is segmented into North America, South America, Europe, Asia Pacific, Middle East, and Africa.
Asia Pacific Had a Significant Market Share of 44%
APAC is expected to contribute 44% of global market growth during the projection period and is predicted to expand significantly throughout the forecast period. This segment's primary end-users are the e-commerce and retail sectors. In 2019, the Chinese e-commerce business was worth USD 813 billion. As a result, several third-party logistics (3PL) businesses are expanding their foothold in China's e-commerce market. The rise of Chinese e-commerce distribution centres is likely to boost demand for wooden pallets and boxes. APAC's largest revenue-generating markets are China and India.
Market Leaders of the Global Wood Packaging Market
1. UFP Industries
2. Shur-way Group Inc
3. Rowlinson Packaging Ltd
4. C&K Box Company, Inc.
5. Totre Industries
6. Palcon
7. Ongna Wood Products
8. ARRINGTON LUMBER & PALLET CO.
9. NEFAB GROUP
10. Mondi
Trending Report
Sustainable Flexible Packaging Market - https://www.datamintelligence.com/research-report/sustainable-flexible-packaging-market
Transit Packaging Market - https://www.datamintelligence.com/research-report/transit-packaging-market
Tube Laminating Films Market - https://www.datamintelligence.com/research-report/tube-laminating-films-market
Ampoules Packaging Market - https://www.datamintelligence.com/research-report/ampoules-packaging-market
Confectionery Packaging Market - https://www.datamintelligence.com/research-report/confectionery-packaging-market
Sachet Packaging Market - https://www.datamintelligence.com/research-report/sachet-packaging-market
Media Contact
Company Name: DataM Intelligence
Email: info@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com/
About DataM Intelligence
DataM Intelligence 4Market Research is a Market Research firm that provides end-to-end business solutions to organizations from Research to Consulting. We at DataM Intelligence leverage our top trademark trends, insights, and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of Syndicate Reports & and; Customized Reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries, catering to the key business research needs that influence the growth trajectory of our vast clientele.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
