PUBLISHER: Market Research Future | PRODUCT CODE: 1522710
PUBLISHER: Market Research Future | PRODUCT CODE: 1522710
UK Timber Packaging Market Research Report Information by Material (Softwood, Hardwood, Plywood/ Oriented strand board (OSB) and Others), by Packaging Type (Cases & Cartes, Clip Cases, Foldable Cases, Pallets, Boxes & Bins, and Others), by End user (Food, Beverages & Storage, Electronic, Automotive, Healthcare, Logistics, Chemicals, and others)- Industry Forecast to 2032
With a predicted CAGR of 2.64%, the timber packaging market is expected to rise significantly during the research period. The market is anticipated to grow from its estimated USD 982.77 million in 2023 to USD 1,239.78 million at the end of the forecast period (2024-2032).
The economic benefits of timber packaging are one of the main factors propelling the market's expansion. A number of organizations, such as manufacturing plants, production sites, and distribution centers, are actively working to reduce the costs associated with shipments of commodities that are imported and exported. These include things like trade packing prices, sanitization fees, labor costs related to storage and shipping procedures, and floor space utilization costs.
When compared to alternatives like plastic pallets, timber packing solutions like pallets and crates provide end customers a more cost-effective choice, especially for export and import operations. The cost of floor space and space optimization accounts for a significant amount of the total cost of shipment. Saving money by using storage and transit space efficiently can reduce expenses by about 54%. To help manufacturers of wooden pallets use less floor space, stackable versions are being introduced. Notably, food and drink items are most commonly transported on wooden pallets.
Market Divide
The UK Timber Packaging Market is divided into four segments: Hardwood, Softwood, Plywood/Oriented Strand Board (OSB), and Others. This division is based on the type of material used.
The market is divided into Cases & Cartes, Clip Cases, Foldable Cases, Pallets, Boxes & Bins, and Others based on the kind of packaging.
Food, Beverages & Storage, Electronics, Automotive, Healthcare, Logistics, Chemicals, and other categories are the market segments that the end user classifies.
Principal Players
Among the prominent businesses are Associated Pallets Ltd., HG TIMBER LTD., Pontrilas Packaging, Scott Timber Limited, Chilfen Timber Packaging, Rowlinson Packaging Limited, Nicklin Transit Packaging Limited, and many more.