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.
The emphasis on sustainability and eco-friendliness has become a cornerstone of modern business practices, and the packaging industry is no exception. Brands and manufacturers are seeking packaging solutions that align with these values, as consumers become more environmentally conscious and demand greener products. The shift in consumer behavior and preferences has led to a significant increase in the demand for sustainable packaging solutions, including wooden and plywood packaging.
Wood is a natural and renewable resource. Unlike non-renewable materials like plastic, which are derived from fossil fuels and are finite in supply, wood can be sustainably sourced from responsibly managed forests, which ensures a continuous supply of raw material for wooden and plywood packaging.
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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.
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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.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global wooden & plywood packaging market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the wooden & plywood packaging market, the market is segmented on the basis of material type (hardwood, softwood, and plywood), by product type (crates, pallets, cases & boxes, bins, barrels, dunnage, and others (reels, drums, spools, etc.)), and by end user (food, beverages, healthcare & pharmaceuticals, chemicals & petrochemicals, home care and personal care, and others (electrical & electronics, etc.)), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).
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.)
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa (MEA)
About Future Market Insights Inc. (FMI)
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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