Packaging has become an integral part of most of the industries in the world. The demand for packaging has surged throughout the past decade. This demand has brought about a series of innovations to packaging that has improved the packaging design and functionality. The shift in the use of materials used for packaging has also been witnessed.
A move from rigid to flexible packaging has now become the norm in most of the industries. However, when we talk about shipping and transport of larger consignments, we will find that rigid packaging has still kept its hold. The most common example are wooden pallets and containers. Even after the entry of plastic pallets and containers in the market, wooden pallets and containers still hold more than 90% of the pallets and containers market.
Wooden pallets and containers are widely used in the shipping, transport and storage of products. They are available in either standardized or customized specifications. Different specifications fulfil different functions of the wooden pallets and containers. Wooden pallets and containers are re-usable and if damaged, are repaired and sent back into circulation. Wooden pallets generally last for 5-7 years.
Based on the design, the wooden pallets and containersmarket is segmented into: Stringer pallets and Block pallets; Based on end use, the wooden pallets and containersmarket is segmented into: Grocery, Beverages, Telecommunications, Dairy, Automotive, Chemicals, Construction and Others; Based on the product type, the wooden pallets and containersmarket is segmented into: Boxes, Crates, Wire bound containers and Wire bound pallet type box; Based on the end use, the wooden pallets and containersmarket is segmented into: Electronics & electrical, Food & Beverages, Dairy, Shipping, Transportation and others
As we are seeing a global rise in disposable incomes and consumerism, food and beverages sector will witness a huge demand, which is the major driver for global wooden pallets and containers market. As a result, we can expect a steady growth in the wooden pallets and containers market throughout our forecast period of 2016-2014. Due to the market being quite fragmented, there is trouble in standardization of wooden pallets and containers. However, efforts have been made both at the local and global level for the same. More than 90% of total pallets and containers are made of wood. Recoverability of pallets in overseas shipments becomes hard and the cost of recovery exceeds the cost of the pallets itself.
In terms of geography, the wooden pallets and containers market has been divided in to five key regions; North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. North America followed by Western Europe are the largest consumers of wooden pallets and containers in the world. USA alone holds around 15% of share in global wooden pallets and containers market. Wooden pallets and containers are locally manufactured as well as imported. With the rising disposable incomes and consumerism in Asia Pacific and Middle East, we can expect to see a promising growth in the wooden pallets and containers market in the region throughout the forecast period of 2016-2026.
Some of the key players in the wooden pallets and containers market are Universal forest products, Inc., Shur-way Industries, Inc., Palcon LLC, Coxco, inc., Larch Ltd., CHEP, Bay wood products, Inc., Rowlinson Packaging Ltd., C&K Box, Inc., InterAgra.
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