Transit Packaging Market Industry Trends and Forecast to 2030 |...

Transit Packaging Market Industry Trends and Forecast to 2030

Posted 2024-04-09 09:55:25

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Data Bridge Market Research analyses that the transit packaging market is expected to reach USD 77.14 billion by 2030, which is USD 56.36 billion in 2022, registering a CAGR of 4.00% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Transit Packaging Market Scope and Segmentation

REPORT METRIC	DETAILS
Forecast Period	2023 to 2030
Base Year	2022
Historic Years	2021 (Customizable to 2015 - 2020)
Quantitative Units	Revenue in USD Billion, Volumes in Units, Pricing in USD
Segments Covered	Product Type (Corrugated Boxes, Crates, Pallets, Others), Material Type (Polypropylene, Polyethylene, Polyvinyl Chloride, Ethylene Vinyl Alcohol, Polyethylene Terephthalate, Polyurethane, Wood, Metal, Paper and Paperboard), Packaging Type (Wooden Crates, Barrels, Strapping, Intermediate Bulk Containers, Corrugated Boxes, Containers, Cartons), End-Users (Consumer Goods, Third-Party Logistics, Pharmaceuticals, Industrial Machinery and Equipment, Electrical and Electronics, Food and Beverages, Chemicals, Building and Construction, Automotive, E-Commerce)
Countries Covered	U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
Market Players Covered	WestRock Company (U.S.), Smurfit Kappa (Ireland), International Paper (U.S.), Inteplast Group (U.S.), UNITED BAGS, INC (U.S.), Ronpak. (U.S.), El Dorado Packaging (U.S.), PackagingPro (India), CPS Paper Products (U.K.), Flexoplas Packaging Ltd (U.S.), Pakaflex Pty Ltd (Australia), Multifab Packaging (U.S.), Pak-Line Limited (U.S.), Polymax, Inc (U.S.), Flex-Pak corporation (U.S.), Boise Cascade (U.S.), Celulosa Arauco Y Constitucion (Chile), Huber Wooden packagings LLC (U.S.), Kahrs (Sweden), Louisiana-Pacific Corporation (U.S.), West Fraser (Canada), Patrick (U.S.), Futamura (Japan), Celanese Corporation (U.S.)
Market Opportunities	Rising adoption of wood packaging over plastic packaging Rising trend of online shopping and growth of e-commerce sector

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Market Definition

Transit packaging is also known as transportation packaging. This is an important type of packaging that protects products from damage while being transported. Wooden crates, intermediate bulk containers, barrels, corrugated boxes, and other packaging types fall into transit packaging. Transit packaging is not durable for product protection, but also for the manufacturer's brand image and upsurges customer experience.

Transit Packaging Market Dynamics

Drivers

Growing demand for transit packaging in pharmaceuticals sectors

The demand for the transit packaging in pharmaceuticals sectors is growing rapidly. The transit packaging is widely used in pharmaceuticals to protect the products from damage. These packaging also use to maintain the quality of the product. The transit packaging is very helpful in efficient storage and easy handling and supports in decreasing the chances of product contamination and it. Therefore, the growing demand for transit packaging in pharmaceuticals sectors is expected to drive the market growth rate during the forecast period.

Surging usage of transit packaging in food and beverage industry

Transit packaging is widely used in in the food and beverage industry because it helps to protect the product from contamination and damage during transportation. These packaging’s are enable for efficient storage and easy handling. Transit packaging is highly used to ship, store and distribute food and beverage products across numerous regions. As a result, the demand for the transit packaging increases in the food and beverage industry and drives the market growth rate.

Opportunities

Rising adoption of wood packaging over plastic packaging

Packaging is one of the major which plays vital role in the transportation of product globally. The increasing demand for wooden packaging during transit because of increasing awareness about the negative effect of plastic-based packaging on the environment create ample opportunities for the manufacturer of wooden packaging. Likewise, the normal expense of wooden pallets is two times less than plastic pallets. Nowadays, wooden pallet manufacturers are introducing stackable pallets for the transportation of products that reduce the floor space and the expense of transit goods. Additionally, wooden packaging products have lot of advantages such as eco-friendly, reusable, high friction, as temperature tolerance, easy to repair, cleats for increased sturdiness, durability and customizable, which will further create ample opportunities for the growth of the market during the forecast period.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Transit Packaging Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations