What’s missing is that lots of things in your home are bad in water and are flammable. But how often do you need to save a baby from an evil villain by tossing their little box into a river and hope a nice childless couple who always wanted a child finds them and raises them as their own?
Situations where the material is a liability are few and far between.
Maybe this fear explains the popularity of the Moses basket
https://www.google.com/search?q=moses+basket&client=ms-andro...
In fact, with imitations of the maternity kit (or just the box as a sleeping spot) becoming more popular outside of Finland recently, often boosted by marketing playing on the correlation of the kit and the decline in infant mortality in Finland, a number of health entities in recent years have raised concerns that the box-as-crib itself may be a safety risk rather than an aid.