Global plywood boxes market: Introduction
The global plywood box market is expected to reach around US$ 18.62 Billion by 2032. Moreover, amid the surging adoption of wooden boxes across diverse end-use industries, including food & beverage packaging, automotive packaging, and electrical & electronics packaging, the overall market is set to grow at a robust CAGR of around 7.1% between 2022 and 2032. It has a current valuation of 9.62Bn in 2022.
Plywood box market (CAGR)
Plywood box market (2022)
USD 9.62 Bn
Plywood box market (2032)
USD 18.92 Bn
As the supply chain and logistics network are increasing, the demand for plywood boxes is also increasing. As we know, the COVID-19 virus outbreak affected almost all industries. The wooden box market was also affected. However, it regained its market in no time because of constant demand.
The strong structure of the boxes has been its key feature to survive in the market. Even in eCommerce companies, wooden boxes are extensively used for warehousing and carriage.
Teak wood boxes are durable and can withstand wear and tear over time. The high-quality teak wood used in construction creates durable storage containers that can be reused many times before they need to be replaced.
Bamboo wood boxes are made of bamboo, a natural and sustainable resource. Bamboo's unique qualities make it perfect for manufacturing shelf-stable packagings, such as cereal containers or nut bars. Retail packaging is a vital component of any retail business, from supermarkets to clothing outlets. Retailers need their products to be delivered securely and in good condition, and the boxes used for this purpose are called wooden boxes or cartons.
Industrial packaging includes various packages used in industrial applications such as cargo handling at ports & airports, logistic processes within companies' facilities; warehousing & inventory management; food processing plants etc., where there may be higher risk factors.
Growth in the industrial packaging industry has resulted in an increased demand for wooden boxes due to their lower costs with less storage space requirement than metal containers while offering superior benefits such as recyclable features and eco-friendly.
The growing demand for environmentally-friendly products has led to increased use of wood in industry, which in turn will propel the growth of this market, while some other factors, such as stringent government regulations and high initial costs, are restraining its progress. Increased imports from developing countries have also contributed to the growth of this market.
Moreover, rising awareness about environmental issues among consumers across the Asia Pacific region is also likely to fuel product development and consumer acceptance globally.
Low Cost of Plywood Boxes Lures the End-use Industries
Plywood boxes are packaging solutions particularly used for storage, shipping and preservation purposes. These plywood boxes are generally made up of one piece plywood sheet to six piece solutions. Generally, these boxes are metal trimmed. Plywood boxes are customizable and are available in various sizes as per the requirement.
Plywood boxes have good stacking capabilities and are considered an effective solution for storing and transporting sensitive, expensive, and heavy goods, such as metal products, equipment, electronics, ceramics, glass and others. These boxes need low maintenance and are easy to use, and plywood boxes take up minimal storage space compared to traditional crates, hence facilitating increase in preference for plywood boxes.
These plywood boxes are products based on modern technology, which provides low cost and compactness, and reduces transportation cost as these plywood boxes can be placed on one another. These factors are expected to ensure a positive outlook for the global plywood boxes market, during the forecast period.
Global plywood boxes market: Dynamics
Plywood boxes market is expected to expand on the backdrop of growing trade across the globe. In addition, rapid industrialization in emerging economies, is expected to increase trade in the region, thus driving demand for plywood boxes. These plywood boxes are a safer source of shipping products from one place to another, and can be used for storage purposes.
The factor which is expected to drive the growth of the global plywood boxes market is that they provide customizability options to the customers in terms of dimensions, handles, and locks. Plywood boxes protect products against transport difficulties, climate changes, and long term storage. These plywood boxes provide the ideal solution for any products such as light, heavy, high value products and sensitive items.
Additionally, plywood boxes have good strength and stiffness, which makes it more suitable for transportation and shipping purposes. Plywood boxes are widely used in various industries, including healthcare, logistics & distribution, vehicles, aerospace, energy among others.
Plywood boxes need low maintenance compared to different shipping solutions, which is expected to increase preference among logistics service providers and brand owners, thereby fuelling the growth of the global plywood boxes market. However, there are certain factors which might hamper the growth of the global plywood boxes market, which includes alternative packaging solutions such as octabins, corrugated boxes, and crates, among others.
Global plywood boxes market: Regional Outlook
Based on regions, the global plywood boxes market is divided into seven regions namely:
- North America
- Western Europe
- Asia Pacific except Japan
- Eastern Europe
- Latin America
- Middle-east and Africa
North America and Western Europe are mature markets and are expected to witness moderate growth in the global plywood boxes market over the forecast period due to well established export industry in these regions. Asia Pacific region is anticipated to witness high growth in the global plywood boxes market during the forecast period. This is attributed to the growing manufacturing industries in the countries, such as China and India.
China is highly engaged in exports of its goods and products. Eastern Europe and Latin American regions are expected to witness moderate growth due to confined market in these regions, coupled with sluggish recovery from the effects of the recession of 2015, which significantly reduced exports. MEA is anticipated to witness average growth over the forecast period, due to finite trade.
Japan is expected to witness average growth in the global plywood boxes market, as it already has high penetration in market.
Global plywood boxes market
Few of the key players operating in the global plywood boxes market are - Nefab Group, Dna Packaging Systems, Bharadwaj Packaging Private Limited, Technomar & Adrem Ltd., Carrara Legnami Srl, Emiliana Imballaggi S.p.a., Neal Brothers Ltd.
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 using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern 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.
Global plywood boxes market: Segmentation
On the basis of size, global plywood boxes market has been segmented as:
- Small sized (for products less than 10 cubic meters)
- Medium sized (for products ranging from 10 to 15 cubic meters)
- Large sized (for products up to 20 cubic meters and more)
On the basis of product type, global plywood boxes market has been segmented as:
- Foldable plywood boxes
- Plywood storage boxes
On the basis of industry, global plywood boxes market has been segmented as:
- Oil & gas
Frequently Asked Questions
The market is likely to register a CAGR of 7.1% through 2032.
The market is currently valued at US$ 9.62 Bn in 2022.
The market is likely to grow to a valuation of US$ 18.92 Bn by 2032.
North America is likely to be a leading market during the forecast period.