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Wood Packaging Market Trends, Top Companies, Share, Growth And Forecast 2032
Wood Packaging Market
The Business Research Company's Wood Packaging Global Market Report 2023 identifies the rising popularity of sustainable and environment-friendly packaging as the major driver for the wood packaging market's growth in the forecast period. Sustainable packaging refers to eco-friendly material used to ship, wrap, and store products. Consumers across the world are showing interest in sustainable packaging that is recyclable and environmentally friendly, and wood packaging is one of the sustainable packaging alternatives.
The global wood packaging market size is expected to grow from $11.27 billion in 2022 to $11.84 billion in 2023 at a compound annual growth rate (CAGR) of 5.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global wood packaging market is expected to grow to $14.36 billion in 2027 at a CAGR of 5.0%.
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Major competitors in the wood packaging market are Brambles Ltd., Greif Inc., Mondi Group, Nefab AB, PalletOne Inc., Rowlinson Packaging Ltd., Shur-way Group Inc., UFP Industries Inc., Hemant Wooden Packaging, Spruce Pax Private Limited, SHREE SAIRAM INDUSTRIAL CORPORATION, Rajat Packers, Totre Industries, Cox Co, PACKXPERT INDIA PVT Ltd., CHEP, C&K Box Company Inc., and InterAgra s.c.
A key trend in the wood packaging market includes technological advancement. Major companies operating in the wood packaging market are advancing in their new technologies and research and developments in the wood packaging market. For instance, in January 2022, Pujolasos, a Spain-based wood packaging company, launched Woorigin. This new patented mono-material innovation offers unique features, including a mono-material wooden cap, free of glues and plastics and 100% PEFC or FSC wood certification. It is based on click technology that further enhances the user experience.
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The wood packaging market is segmented -
• By Type: Pallets, Boxes And Bins, Crates And Cases, Spools, Dunnage
• By Material: Hardwood, Softwood, Plywood
• By Application: Food And Beverages Storage, Transportation, Industrial, Shipping, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the wood packaging market.
The Business Research Company's "Global Wood Packaging Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Wood Packaging Market Include:
1. Executive Summary
2. Wood Packaging Market Characteristics
3. Wood Packaging Market Trends And Strategies
4. Wood Packaging Market - Macro Economic Scenario
5. Wood Packaging Market Size And Growth
……
26. Africa Wood Packaging Market
27. Wood Packaging Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Wood Packaging Market
29. Wood Packaging Market Future Outlook and Potential Analysis
30. Appendix
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