The market size for wooden crates is anticipated to reach US$ 1,720.1 Million in 2032 and develop significantly between 2022 and 2032, at a CAGR of 5.6%. Due to their capacity to carry enormous loads of goods, large wooden crates are in high demand across a variety of end-use sectors, which is expected to be positive for the market.
The report projects that the market for wooden crates would grow to US$ 997.5 million by 2022. In the historical period from 2016 to 2021, the market displayed a CAGR of 4.3%. The e-commerce industry’s rapid growth is projected to increase demand for creative hardwood storage boxes with outstanding water resistance.
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Some of the leading companies operating in the global wooden crates market include
- FoamCraft Packaging Inc.,
- C Jackson & Sons Ltd.,
- Poole & Sons, Inc.,
- Herwood inc.,
- C&K Box Company, Inc.,
- Tree Brand Packaging, Inc.,
- Ongna Wood Products, Inc., and
- LJB Timber Packaging Pty. Ltd. among others.
Leading players in the global market are consistently investing huge sums in R&D activities to come up with innovative wooden crates. They are also partnering up with international and domestic companies to enhance their product offerings and attract a large consumer base.
Wooden Crates Market – Market Dynamics
Wooden crates are strong, durable and termite resistant with a feature to handle heavy load products. It is often made from the high grade woods, and finely finished with water resistance. They have an option of customization to make do with the customers’ requirements.
Crates can be made available to the customers in two forms, either fully assembled for immediate use or in a flat pack which can be assembled by the customers afterward and can easily by repaired anywhere. Shipping industry prefers the use of wooden crates as they use natural resources and the processing cost is comparatively lesser than other crates.
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Investment costs in the manufacturing of wooden crates are much lesser due to their design simplicity. Primary factor fueling the wooden crates market is the durable nature of wooden crates as they can bear the weight of multiple stacking and are manufactured without any toxic treatments thereby doesn’t pose any harmful effects on the workers.
However, the wooden crates are heavy to handle and require large spaces to be stored which as the barrier for the growth of the wooden crates market. Moreover, another limiting factor for the wooden crates market is their disposal process which is very tedious and time consuming. Customization being the main trend in wooden crates market is the sole factor attracting the attention of potential customers.
Wooden Crates Market – Regional Outlook
Geographically, the wooden crates market have many local and international players whereas they can be mainly segmented into the five key regions namely, North America, Latin America, Europe, Asia Pacific and Middle East and Africa.
North America being the leading manufacturers followed by Europe is expected to witness a healthy growth over the forecast period. Increased demand in Asia Pacific region driven by China and India is also expected to rise the demand for wooden crates market and anticipated to witness a significant growth.
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Key Segments Profiled in the Global Wooden Crates Market
By Wood Type:
- Pine Wood
- Timber Wood
- Agricultural Produce
- Auto Parts
- Piping and Tubing Material
- Retail Products
- North America
- Latin America
- Asia Pacific
- Middle East and Africa