Future Market Insights
Sound transportation of products can only be achieved if the product is packed according to the required needs. Fragile, heavy and unusually shaped products can’t be packed in boxes. They require a special kind of packaging which can easily be provided by the wooden crates as they are custom made according to the specifications of the product to be packaged. Wooden crates being durable and able to handle transportation of heavy product are the potential packaging option as they are designed in accordance with the size, and weight capacity of the product to be transported. It allows the product to be transported safely without any kind of damage to the product along with good ventilation for the product if required. The wooden crates market is expected to rise owing to its resource friendly raw material and easy manufacturing process.
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. 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- Market Segmentation:
Wooden crates market can be segmented on the basis of wood type, and applications. On the basis of wood type, the wooden crates market can be segmented into pine wood, timber wood and others. Wood is the key raw material for wooden crates and can be manufactured from a variety of wood types. In addition, the raw material of wooden crates is resource friendly and easily available. On the basis of applications, the wooden crates market can be segmented into agricultural produce, auto parts, piping and tubing material, vehicles, retail products and others. As the wooden crates are built according to the customer’s specifications, it can be produced for any type of product, thus making wooden crates a packaging type which can utilized by different end users.
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.
Wooden Crates Market- Key Players:
Some of the key players of wooden crates market are 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.
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