Plywood Boxes Market Analysis, Size, Share, Growth, Industry Demand, Trends, Forecast To 2027 | FMI Report
Global plywood boxes market: Introduction
Plywood boxes are packaging solutions particularly used for storage, shipping and preservation purposes. These plywood boxes are generally made up of one piece plywood sheet to six piece solutions. Generally, these boxes are metal trimmed. Plywood boxes are customizable and are available in various sizes as per the requirement. Plywood boxes have good stacking capabilities and are considered an effective solution for storing and transporting sensitive, expensive, and heavy goods, such as metal products, equipment, electronics, ceramics, glass and others. These boxes need low maintenance and are easy to use, and plywood boxes take up minimal storage space compared to traditional crates, hence facilitating increase in preference for plywood boxes. These plywood boxes are products based on modern technology, which provides low cost and compactness, and reduces transportation cost as these plywood boxes can be placed on one another. These factors are expected to ensure a positive outlook for the global plywood boxes market, during the forecast period.
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Global plywood boxes market: Dynamics
Plywood boxes market is expected to expand on the backdrop of growing trade across the globe. In addition, rapid industrialization in emerging economies, is expected to increase trade in the region, thus driving demand for plywood boxes. These plywood boxes are a safer source of shipping products from one place to another, and can be used for storage purposes. The factor which is expected to drive the growth of the global plywood boxes market is that they provide customizability options to the customers in terms of dimensions, handles, and locks. Plywood boxes protect products against transport difficulties, climate changes, and long term storage. These plywood boxes provide the ideal solution for any products such as light, heavy, high value products and sensitive items. Additionally, plywood boxes have good strength and stiffness, which makes it more suitable for transportation and shipping purposes. Plywood boxes are widely used in various industries, including healthcare, logistics & distribution, vehicles, aerospace, energy among others. Plywood boxes need low maintenance compared to different shipping solutions, which is expected to increase preference among logistics service providers and brand owners, thereby fuelling the growth of the global plywood boxes market. However, there are certain factors which might hamper the growth of the global plywood boxes market, which includes alternative packaging solutions such as octabins, corrugated boxes, and crates, among others.
Global plywood boxes market: Segmentation
The global plywood boxes market has been segmented as follows:
On the basis of size, global plywood boxes market has been segmented as:
- Small sized (for products less than 10 cubic meters)
- Medium sized (for products ranging from 10 to 15 cubic meters)
- Large sized (for products up to 20 cubic meters and more)
On the basis of product type, global plywood boxes market has been segmented as:
- Foldable plywood boxes
- Plywood storage boxes
On the basis of industry, global plywood boxes market has been segmented as:
- Oil & gas
Global plywood boxes market: Regional Outlook
Based on regions, the global plywood boxes market is divided into seven regions namely:
- North America
- Western Europe
- Asia Pacific except Japan
- Eastern Europe
- Latin America
- Middle-east and Africa
North America and Western Europe are mature markets and are expected to witness moderate growth in the global plywood boxes market over the forecast period due to well established export industry in these regions. Asia Pacific region is anticipated to witness high growth in the global plywood boxes market during the forecast period. This is attributed to the growing manufacturing industries in the countries, such as China and India. China is highly engaged in exports of its goods and products. Eastern Europe and Latin American regions are expected to witness moderate growth due to confined market in these regions, coupled with sluggish recovery from the effects of the recession of 2015, which significantly reduced exports. MEA is anticipated to witness average growth over the forecast period, due to finite trade. Japan is expected to witness average growth in the global plywood boxes market, as it already has high penetration in market.
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Global plywood boxes market: Key Players
Few of the key players operating in the global plywood boxes market are – Nefab Group, Dna Packaging Systems, Bharadwaj Packaging Private Limited, Technomar & Adrem Ltd., Carrara Legnami Srl, Emiliana Imballaggi S.p.a., Neal Brothers Ltd.