The engineered wood packaging market was valued at USD 2,300 million in 2021 and is expected to reach USD 2959.14 million by 2029, registering a CAGR of 3.20 % during the forecast period of 2022 to 2029.
Engineered Wood Packaging Market Dynamics
Drivers
- Increase the awareness for using wood-based packaging
Growing consumer awareness regarding the growing waste and landfills is producing an aversion among them towards the use of plastic in packaging in developed and developing economies.
- Growing demand for eco-friendly packaging
Engineered wood are an eco-friendly option for packaging solutions because they are made up of recycled wood due to this it can easily biodegradable and giving the peace of mind that the packaging is not going straight to the landfill.
- Rise in demand due to superior properties
The engineered wood-based packaging is highly in demand due to its superior properties such as quick and easy to make, easily customizable, readily available globally, good strength, stiffness for the price, recyclable. These are the major factors increasing the demand for engineered wood packaging during the forecast period.
Opportunities
- Focusing on the replacement of plastic packaging solutions
The manufacturers are trying to replace the plastic packaging from engineered wood packaging plastics and concentrating on such problems created with the usage of plastic.
- Availability of alternatives
However, the presence of alternative packaging solution such as plastic packaging and many other substitutes will act as market restraints and further challenge the growth of the engineered wood packaging market during forecast period.
- High cost
The high price of packaging and volatility in the price of raw material can affect the production of the engineered wood which will expected to obstruct the growth of the engineered wood packaging market during forecast period.
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Market Definition
Engineered wood is popular by different names such as composite wood which has manufactured by the cardboard or composite board. Engineered board is a derivative of wood product made from fixing or binding the particles, strands, particles, together with adhesives or other fixation procedures to form composite materials.
Global Engineered Wood Packaging Market Scope
The engineered wood packaging market is segmented on the basis of type and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- I-Beams
- Plywood
- Laminated Veneer Lumber (LVL)
- Glued Laminated Timber
- Oriented Strand Boards (OSB)
- Cross-Laminated Timber (CLT)
- Others
End User
- Residential and Commercial
- Industrial
Competitive Landscape and Engineered Wood Packaging Market Share Analysis
The engineered wood packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to engineered wood packaging market.
Some of the major players operating in the engineered wood packaging market are:
- Boise Cascade (U.S.)
- Cellulose Arauca Y Constitution (Chile)
- Huber Engineered Woods LLC (U.S.)
- Kahr’s (Sweden)
- Louisiana-Pacific Corporation (U.S.)
- West Fraser (Canada), Patrick (U.S.)
- Fu Tamura (Japan)
- Celanese Corporation (U.S.)
- Hubei Golden Ring New Materials (China)
- Rototill Sri (Italy)
- Weifang Hegelian international trading co. ltd (China)
- Eastman Chemical Company (U.S.)
- Sappi (South Africa)
- Tembec Inc. (Canada)
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MAJOR TOC OF THE REPORT
Ø Chapter One: Introduction
Ø Chapter Two: Market Dynamics
Ø Chapter Three: market Definition
Ø Chapter Four: Market Scope
Ø Chapter five: Market Share Analysis
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