The logistics and shipping sector has experienced rapid expansion and is anticipated to continue growing during the projected period. The demand for product packaging is growing as a result of the expanding logistics sector. For packaging items that will be sent from a cargo ship or airline, shipping supplies are helpful. Packaging kinds such envelopes, labels, protective packaging, wraps, tubes, tags, etc. are the most common components of shipping supplies. The packaging materials used for shipping shield the cargo from a variety of hazards, including collisions, torrential downpours, extreme heat, humidity, etc. The main focus of shipping supplies is on the packaging needs of items while they are in transit.
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Global Shipping Supplies – Market Dynamics:
Logistics and shipping industry have seen tremendous growth due to weakening of trade laws and also increase in import and export of countries across the world are driving the growth of shipping supplies market. In addition, the development of industries in several countries across the globe are indirectly increasing the consumption of shipping supplies for packaging. Furthermore, logistics companies always have concerns regarding the safe delivery of cargo and as a result of this, they want the packaging to be a major part of the transit. All these factors are positively impacting the market for shipping supplies.
The global shipping supplies market is expected to grow at a significant rate during the forecast period, driven by the growth in e-commerce and the increasing number of businesses and individuals shipping goods. The market is segmented by product type, end-user, and region. By product type, the market is segmented into boxes, envelopes, bags, labels, tape, and others. By end-user, the market is segmented into B2B and B2C.
The B2B segment is expected to dominate the market during the forecast period, as these products are mostly used by businesses for packaging and shipping goods. The B2C segment is also expected to grow at a significant rate during the forecast period, as the number of individuals shipping goods is increasing.
The market is segmented by region into North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific is expected to dominate the market during the forecast period, driven by the growth in e-commerce and the increasing number of businesses and individuals shipping goods in the region.
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The market is highly competitive with a large number of players. Key players in the market include 3M, Avery Dennison Corporation, Sealed Air Corporation, International Paper Company, and Intertape Polymer Group, Inc among others. These companies are focusing on strategic collaborations, mergers and acquisitions, and new product launches to increase their market share.
In conclusion, the global shipping supplies market is expected to grow at a significant rate during the forecast period, driven by the growth in e-commerce and the increasing number of businesses and individuals shipping goods. The market is highly competitive with a large number of players. Companies are focusing on strategic collaborations, mergers and acquisitions, and new product launches to increase their market share.
Global Shipping Supplies – Market Segmentation
The global shipping supplies market can be segmented by the material type, by product type, and by application.
On the basis of material type, the global shipping supplies market is segmented into –
- Plastic
- Polyethylene (PE)
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Polyvinyl Chloride (PVC)
- Others
- Paper & Paperboard
- Metal
- Glass
- Wood
On the basis of product type, the global shipping supplies market is segmented into –
- Folding carton
- Wooden crates
- Corrugated boxes
- Barrels
- IBCs
- Strapping
- Labels
- Bags & Envelops
- Others
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