Global Wooden Boxes Market 2023-2030

Global Wooden Boxes Market 2023-2030

Global Wooden Boxes Market Size, Share, and Trends Analysis Report by Type (Teak Wood, Sandal Wood, Bamboo Wood, Ply Wood, and Others), by Application (Retail Packaging and Industrial Packaging), by End User (Food and Beverages Packaging, Electrical and Electronics Packaging, Building and Construction Packaging, Healthcare Packaging, Automotive Packaging, and Others), and by Distribution Channel (Online and Offline) Forecast Period (2023-2030)

The global wooden boxes market is expected to grow at a CAGR of 7.1% during the forecast period. The market's growth is attributed to the growing demand for packaging solutions and logistics services across the globe. Consumers are seeking complete packaging solutions and logistics services with the objective of saving resources and finances by optimizing supply chains. Hence, the market players are focusing on adopting various strategic initiatives to fulfil unmet requirements of the market. For instance, in October 2022, Nefab Group acquired Cargopack Group, a company in industrial packaging and logistic services, to further strengthen its European market position and commitment to saving resources in supply chains.

Segmental Outlook

The wooden boxes market is segmented based on type, application, end user, and distribution channel. Based on type, the market is anticipated into teak wood, sandal wood, bamboo wood, ply wood, and others. Based on the application, the market is bifurcated into retail packaging and industrial packaging. Based on the end user, the market is anticipated into food and beverages, electrical and electronics, building and construction, healthcare, automotive, and others. Further, based on the distribution channel, the market is bifurcated into online and offline. Among the type, the bamboo wood sub-segment is anticipated to hold a significant market share of the global wooden boxes market owing the growing demand for natural and renewable resource for packaging. Bamboo wood possesses unique features that make it suitable for producing long-lasting packaging such as cereal containers or nut bars, among others.

The Retail Packaging Sub-Segment is Anticipated to Hold a Prominent Share of the Global Wooden boxes Market

Among the application, the retail packaging sub-segment is expected to hold a considerable share of the global wooden boxes market. This is attributed to wooden boxes packaging, that is becoming more desirable as a result of attractive and environment friendly boxes. The attractive features of wooden boxes are driving their deployment in retail packaging. Wooden boxes are environment friendly, inexpensive, and recyclable, making them ideal for long-term packaging. Hence, there is a significant increase in the investment for developing new, innovative and environment-friendly wooden boxes. For instance, in November 2022, The European Investment Bank (EIB) sanctioned loan of $126.2 million to the Saviola Group, a Italy-based company involved in the production of recycled wood. The loan amount will be given as an investment to the company over the period of 3 years from 2022 to 2025. Through this, the company aims to improve the sustainability of the production phases, as it currently recycles more than 1.5 million tones of post-consumer wood per annum.

Regional Outlooks

The global wooden boxes market is analyzed across key regions, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East and Africa, and Latin America). Among these, the Asia-Pacific region is projected to witness a prominent growth in the wooden boxes market, owing to the rising demand for raw materials.

Global Wooden Boxes Market Growth by Region 2023-2030

Source: OMR Analysis

North America is Anticipated to Hold a Significant Share of the Global Wooden Boxes Market

North America is expected to hold a prominent share of the wooden boxes market. Primary factor supporting the regional market growth includes the well-developed and rapidly rising production of various types of woods. According to the US Department of Agriculture (DoA), North America to account around 20% of global wood production and nearly 40% of global developed round wood production. The US currently accounts for 70% of North America's timber harvest, coupled with Canada accounting for about 25%. Additionally, more than 80% of the timber harvested in the US and Canada is used as raw material for manufacturing products. More than two-thirds of the total volume harvested in the US and Canada is from coniferous species. Mexico accounts for only 5% of the total timber harvest in the region, and the majority of the wood harvested (nearly 70%) is fuelwood. Tropical hardwood forests account for less than 5% of all timber harvested in Mexico.

Market Players Outlook

The major companies serving the global wooden boxes market include DNA Packaging System, Green Pack Industries, S.K. PACKAGING INDUSTRIES, Napa Wooden Box Co., Inc., and Poole & Sons, Inc., among others. The market players are considerably contributing to market growth through the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global wooden boxes market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.