In 2022, the worldwide 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, increasing at a CAGR of 5.5% between 2022 and 2032.
Packaging has become an essential component of the majority of the world’s industries. Packaging demand has increased dramatically during the last decade. This need has resulted in a slew of packaging technologies that have enhanced both design and functionality. A shift in the materials used for packaging has also been seen.
In most industries, the transition from rigid to flexible packaging is now the standard. But, when it comes to shipping and transporting larger consignments, rigid packaging still has a stronghold. Wooden pallets and containers are the most common examples. Despite the introduction of plastic pallets and containers into the market, wooden pallets and containers continue to account for more than 90% of the pallets and containers market.
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A move from rigid to flexible packaging has now become the norm in most of the industries. However, when we talk about shipping and transport of larger consignments, we will find that rigid packaging has still kept its hold. The most common example are wooden pallets and containers. Even after the entry of plastic pallets and containers in the market, wooden pallets and containers still hold more than 90% of the pallets and containers market.
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.
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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.
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.
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.
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Wooden Pallets Market- Market Segmentation:
Based on the design:
- Stringer pallets
- Block pallets
Based on end use:
- Grocery
- Beverages
- Telecommunications
- Dairy
- Automotive
- Chemicals
- Construction
- 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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