The North America shipping supplies market is projected to grow at a CAGR of 4.2% between 2023 and 2032.
The United States is known for having one of the largest economies in the world based on GDP, although it is expected to rank second globally in terms of exports. Some of the top US exports include integrated circuits, vehicles, petroleum gas, refined and unrefined petroleum, and automobiles.
In 2020, the United States was a significant exporter of refined oil, aviation equipment, medical equipment, and gas turbines. In August 2022, the country shipped goods worth approximately US$180 billion. The exports from the US experienced a growth rate of 21.7% between August 2021 and August 2022.
The Netherlands, China, Japan, Mexico, and Canada are among the United States’ key trading partners. With increased exports of various high-value commodities, the sales of packaging supplies such as drums, cartons, boxes, straps, and tapes are expected to expand.
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The demand for advanced shipping supplies is anticipated to rise across North America as there is a need to transport and deliver goods in proper condition. Government regulations concerning labeling and packaging of goods during shipping will also drive the demand for shipping materials. Consequently, the North America region is expected to witness significant growth in shipping goods by 2032, fueled by the rapid expansion of the US logistics sector.
Key Takeaways from North America Shipping Supplies Market
- Based on material, the paper segment is expected to cover 44% of the North America shipping supplies market share by the end of 2023.
- By packaging format, the corrugated boxes segment is projected to create a growth opportunity of US$ 4.6 Bn during the forecast period.
- In terms of end use, the e-commerce companies sub-segment under the commercial segment is estimated to grow 1.5 times the current market value during the evaluation period.
- Mexico shipping supplies market is expected to grow 1.8 times the current value during the projected time frame.
- During the historical period (2017-2022), the North America shipping supplies market witnessed a CAGR of 2.5% and reached a valuation of US$ 25.2 Bn in 2022.
“Significantly growing national and international trade activities, better trading relationships, and relaxation of trade laws are some of the major growth drivers for the North America shipping supplies market.” – Says an FMI analyst.
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Key Players :
- DS Smith Plc
- Mondi Group
- Amcor Plc
- Sonoco Products Company
- WestRock Company
- Sealed Air Corporation
Market Benefits
- The study provides an in-depth analysis of the global north america shipping supplies market along with the current trends and future estimations to elucidate the imminent investment pockets.
- The key market players along with their strategies are thoroughly analyzed to understand the competitive outlook of the industry.
- An extensive analysis of the market based on application assists in understanding the trends in the industry.
- The report presents a quantitative analysis of the market from 2023 to 2032 to enable stakeholders to capitalize on the prevailing market opportunities.
Regional Outlook
This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue and sales data of each region and country for the period 2023-2032.
North America Shipping Supplies Market Outlook by Category
By Material:
- Plastic
- Polyethylene (PE)
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Polyvinyl Chloride (PVC)
- Others
- Paper & Paperboard
- Metal
- Wood
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By Packaging Format:
- Corrugated Boxes
- Folding Cartons
- Bags
- Crates
- Drums & Barrels
- Straps
- IBCs
- Mailers & Envelopes
- Wraps
- Labels
- Tapes
By End Use:
- Commercial
- E-commerce Companies
- Courier Service Companies
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