Establishments primarily engaged in manufacturing wood containers, not elsewhere classified, such as cooperage, wirebound boxes and crates, and other veneer and plywood containers. Establishments primarily engaged in manufacturing tobacco hogshead stock are classified in Industry 2421, and those manufacturing cooperage stock are classified in Industry 2429.
In the NAICS 2449, Wood Containers, Not Elsewhere Classified category, several qualitative trends have emerged. Environmental sustainability is at the forefront, with companies increasingly adopting eco-friendly practices and materials to meet consumer demand and regulatory requirements. This includes a shift towards using recycled wood and implementing sustainable forestry practices.
Automation and digitalization are also significant trends, with businesses investing in advanced machinery and software to increase efficiency, precision, and reduce labor costs. This trend is expected to continue as technology evolves and becomes more affordable.
Customization and flexibility in design are becoming more important as clients seek unique and specific packaging solutions. Companies are responding by offering more agile production capabilities and personalized services to meet diverse customer needs. Integration with e-commerce is another key trend, as the rise of online shopping drives the demand for robust, protective, and attractive wood containers.
Forecasts for the near future suggest that the industry will continue to grow moderately, driven by sustainability initiatives and technological advancements. The global push towards reducing plastic consumption may also boost the demand for wood-based alternatives. However, challenges such as fluctuations in raw material prices and supply chain disruptions could pose potential obstacles.
Barrels, wood: coopered
Baskets, fruit and vegetable: e.g., till, berry, climax, round stave
Berry cups, veneer and splint
Boxes, wood: wirebound
Buckets, wood coopered
Casks, wood coopered
Chicken coops (crates), wood: wirebound for shipping poultry
Climax baskets
Containers made of staves
Containers, veneer and plywood: except nailed and lock corner boxes
Cooperage
Coopered tubs
Crates: berry, butter, fruit, and vegetable-wood, wirebound
Drums, plywood
Drums, shipping: wood-wirebound
Firkins and kits, wood: coopered
Fruit baskets, veneer and splint
Hampers, fruit and vegetable: veneer and splint
Hogsheads, wood: coopered
Hot tubs, coopered
Kegs, wood: coopered
Kits, wood: coopered
Market baskets, fruit and vegetable: veneer and splint
Pails, plywood
Pails, wood: coopered
Splint baskets, for fruits and vegetables
Tanks, wood: coopered
Tierces (cooperage)
Till baskets, veneer and splint
Tobacco hogsheads
Tubs, wood: coopered
Vats, wood: coopered
Vegetable baskets, veneer and splint
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.