Press release
Soaring Demand Set to Propel Wood Packaging Market to $16.57 Billion by 2029
Wood Packaging
What Is the Expected CAGR for the Wood Packaging Market Through 2025?
In the last few years, the wood packaging market has been increasing steadily. It is projected to escalate from $12.34 billion in 2024 to $12.95 billion in 2025 with a compound annual growth rate (CAGR) of 4.9%. The previous growth can be credited to traditional packaging techniques, regulatory adherence, the inclination towards sustainable packaging, demands for strength and durability, affordability, and worldwide trade enhancement.
What's the Projected Size of the Global Wood Packaging Market by 2029?
In the forthcoming years, the wood packaging market is projected to experience robust growth, expanding to a value of "$16.57 billion by 2029 with a compound annual growth rate (CAGR) of 6.4%. Various factors such as circular economy initiatives, growth in e-commerce, advancement in wood treatment, support from regulations for sustainable methods, consumer perception, and branding can be credited for this predicted growth in the forecast period. Significant trends during the forecasted period encompass sustainable sourcing, environmentally-conscious practices, technological progression, customization, innovative design, circular economy principles and rigorous regulations and compliance.
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Top Growth Drivers in the Wood Packaging Industry: What's Accelerating the Market?
As more and more individuals are becoming inclined towards sustainable and eco-friendly packaging, the wood packaging industry is gaining momentum. This type of packaging utilizes materials that are not harmful to the environment and can be recycled, making it an ideal solution for wrapping, shipping, and storing goods. Across the globe, there is an increasing consumer awareness towards using recyclable, environment-friendly packaging, making wood packaging a preferred choice. For instance, data from the UK's Department for Environment, Food & Rural Affairs revealed that the recycling rates for packaging waste in the UK increased to 64.8% in 2023, showing an increase from 62.4% in 2022. This surge in the use of sustainable and environmentally-friendly packaging is one of the key drivers accelerating the growth of the wood packaging market.
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What Trends Will Shape the Wood Packaging Market Through 2029 and Beyond?
Progress in technology is a significant trend in the wood packaging industry. Leading corporations in this sector are pioneering innovative technologies and engaging in extensive research and developments. In January 2022, Pujolasos, a company that specializes in wood packaging from Spain, introduced Woorigin. This innovative, patented mono-material product provides distinctive features, such as a mono-material wooden cap, devoid of glues and plastics, and comes with a guarantee of 100% PEFC or FSC wood certification. The product relies on click technology to further improve the consumer experience.
What Are the Main Segments in the Wood Packaging Market?
The wood packaging market covered in this report is segmented -
1) By Type: Pallets, Boxes And Bins, Crates And Cases, Spools, Dunnage
2) By Material: Hardwood, Softwood, Plywood
3) By Application: Food And Beverages Storage, Transportation, Industrial, Shipping, Other Applications
Subsegments:
1) By Pallets: Standard Pallets, Custom Pallets, Reusable Pallets, Disposable Pallets
2) By Boxes And Bins: Wooden Boxes, Storage Bins, Shipping Boxes, Crates
3) By Crates And Cases: Heavy-Duty Crates, Foldable Crates, Shipping Cases, Stackable Crates
4) By Spools: Cable Spools, Wire Spools, Film Spools
5) By Dunnage: Wood Dunnage Bags, Wood Dunnage Blocks, Custom Dunnage Solutions
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Which Top Companies are Driving Growth in the Wood Packaging Market?
Major companies operating in the wood packaging market include 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 Private Limited, CHEP, C&K Box Company Inc., InterAgra s.c., Universal Forest Products Inc., Pal-Con Ltd., Stora Enso, Arrington Lumber and Pallet Co., Falkenhahn AG, Kamps Pallets Inc., DS Smith plc, IPL Plastics Inc., Menasha Corporation and Co., Myers Industries Inc., Pallet Central Enterprises Inc., Pallet Logistics of America LLC, Schoeller Allibert, Schutz GmbH, Vetropack Holding
Which Regions Will Dominate the Wood Packaging Market Through 2029?
North America was the largest region in the wood packaging market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global wood packaging market report during the forecast period. The regions covered in the wood packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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