Wooden Container Manufacturing in the UK - Industry Market Research Report

Boxed In: After Surging in 2021-22, Revenue Growth Slows in Line with Falling Timber Prices

Sales of wooden containers move in line with manufacturing activity, wholesaling activity, UK export levels and demand for the transportation and storage of goods. Industry revenue is anticipated to rise at a compound annual rate of 6.6% over the five years through 2022-23 to £1.2 billion. This growth can be attributed to a surge in wooden container prices in recent years because of swelling timber prices - manufacturers have upped the amount they charge to cover higher input costs, accelerating revenue expansion. Revenue is set to increase by 1.8% in 2022-23. Despite strong recent growth, moderate import competition and strong competition from substitutes (mainly cardboard and steel containers) have held revenue back to an extent. This industry manufactures wooden containers such as pallets, boxes, barrels and cable drums. These are used to transport and store a wide variety of goods. The manufacture of containers from compressed wood is not included in the industry. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.