Wood Packaging Market Scope
The packaging is one of the vital parts of a number of industries across the globe especially foods and beverages, chemical and many others. This has encouraged the demand for wooden packaging across the global market over the forecasted period. In addition to this, enhancements in packaging solutions and introduction to improved packaging design and functionality has enhanced the business growth of packaging applications. Moreover, Increasing international trades of fruits and vegetables has created numerous opportunities in the wooden packaging market. Wooden pallets, containers & boxes are widely used in the shipping, transport and storage of products. They are available in either standardized or customized specifications.
According to AMA, the Global Wood Packaging market is expected to see growth rate of 4.31%The Vendors having a strong hold in the market are Brambles, Greif, Mondi, Nefab Packaging, and Universal forest products. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Wood Packaging market throughout the predicted period.
Brambles Ltd (Australia), Greif, Inc. (United States), Mondi Group (Austria), Nefab Packaging Inc. (Sweden), Universal forest products, Inc. (United States), Shur-way Industries, Inc. (Canada), Palcon LLC (United States), Coxco Inc. (United States), Siberian Larch Ltd (United Kingdom) and CHEP (Austrialia) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Bay Wood Products Inc. (United States), Rowlinson Packaging Ltd (United Kingdom), C & K Box Company (United States) and INTER AGRA Skrzyniopalety (Poland).
Segmentation Overview
The study have segmented the market of Global Wood Packaging market by Type (Pallets (Stringer Pallets, Block Pallets) and Cases and Boxes (Boxes, Crates, Wire-bound Containers, Wire-bound Pallet Type Box, Others)) and Region with country level break-up.
On the basis of geography, the market of Wood Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing Demand for Light Weight and More Durable Wooden Packaging Materials and Introduction to Variety of Shapes and Sizes of Attractive Wooden Containers
Market Growth Drivers:
Upsurging Applications of Wooden Packaging Solutions in Fruits and Other Food Product Packaging and Numerous Advantages Associated with Wooden Containers as Compared to Metal Containers
Challenges:
Lack of Moisture Resistance and Lack of Availability of Wooden Equipment
Restraints:
Lack of Durability and Fire Resistance as Compared to Metal Containers and Availability of Cheaper and Durable Substitute Packaging Material Such as Plastic and Other Polymers
Opportunities:
Comparatively Enhanced Mechanical Strength Leading to Withstand Large Stacking Load and Numerous Favorable Properties such as Resistant to Erosion and Several Chemicals
Market Leaders and their Expansionary Development Strategies
In February, 2019, Greif, Inc, industrial packaging products and services provider, announced has acquired Caraustar Industries, Inc. The company estimates that it will be able to achieve at least 45 million USD in cost synergies and performance improvements within the next 36 months through the integration of the former Caraustar operations into Greif's existing business. This acquisition has enhanced Greif's existing margins; be immediately accretive to earnings and free cash flow, and strengthen and balance Greif's existing portfolio.
In July 2019, Graz University of Technology (TU Graz) and Mondi Group have set up a strategic partnership oriented to research and education. This strategic partnership will assist in future-oriented teaching and the training of young talent in business and science. These companies will bundle their scientific and technological competencies in the research areas of pulping and paper technology and food contact materials.
Key Target Audience
Wood Packaging Providers, Wooden Pallets, Cases and Boxes Manufacturers, Wooden Pallets, Cases and Boxes Distributors and Traders, Wooden Equipment Industry Associations, Logistics Service Providers, Research and Development Institutes, Government Agencies and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.