In the year 2022, it is projected that the transport packaging market will yield revenue amounting to US$ 26.25 billion. This sector is poised for a consistent expansion, with a forecasted compound annual growth rate (CAGR) of 5%, propelling it to attain a value of US$ 42.76 billion by 2032.
In the supply-demand chain, packaging plays a vital role by safeguarding goods from contamination during transportation and warehousing, with an increasing emphasis on ensuring secure transportation. Contemporary packaging practices prioritize the specific requirements for goods in transit, especially during overland transportation by road or rail, highlighting the critical role of transport packaging.
Furthermore, the positive impact of emerging economies experiencing industrial growth is expected to contribute to the healthy expansion of transport packaging. However, environmental concerns arising from the use of chemicals in industrial packaging for transportation pose challenges to the growth of the transport packaging market.
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Key Takeaways:
- The transport packaging market is anticipated to grow steadily, reaching US$ 42.76 billion by 2032, with a CAGR of 5%.
- Returnable transport packaging is gaining popularity due to its cost-saving benefits and enhanced product safety.
- Manufacturers are offering environmentally friendly packaging solutions to meet growing demands for sustainability.
- Innovations in packaging materials, such as recyclable carton board and eco-friendly foam, are contributing to a greener approach to transport packaging.
- Unique containers are replacing traditional metal drums for the transportation of oils, improving efficiency and sustainability
Global Transport Packaging – Key players
Few of the key players in transport packaging are
- SGS SA,
- Eltete TPM Ltd.,
- Nefab AB,
- International Paper Co,
- BEUMER Group GmbH & Co. KG,
- Papier-Mettler KG,
- Deufol SE,
- Honeycomb Cellpack A/S,
- Mondi Group PLC,
- Borealis AG,
- Dongguan Uni-Packing Heavy-Duty Packing Technology Co., Ltd.,
- Yinghua Plastic Products Co., Ltd.,
- Forest Printing & Packing Co., Ltd.,
- Shenzhen Sihai Packaging Material Co., Ltd.,
- Hengxin Industry Co., Limited, etc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and applications.
Global Transport Packaging – Market Dynamics
The increase in shipping and logistic business are the key factors augmenting the growth of transport packaging. Transport packaging market is expected to grow at a CAGR of 5% over the forecast period. Transport packaging is the most important part of logistics for various industries such as agriculture, automotive, building & construction, chemicals & pharmaceuticals, electrical & electronics, oil & lubricants, etc.
Transport packaging also helps in optimizing the package shape of the product so that it can reduce the distribution cost without compromising the protection of the goods. Furthermore, transport packaging is benefited by various innovations and rapid development within the industries across the globe.
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Global Transport Packaging- Market Segmentation
The transport packaging can be segmented by the material type, by packaging type, and by end use industry.
On the basis of material type
- Plastic
- Polyethylene (PE)
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Polyvinyl Chloride (PVC)
- Ethylene vinyl alcohol (EVOH)
- Others
- Paper & Paperboard
- Metal
- Wood
- Others
On the basis of packaging type
- Cartons
- Wooden crates
- Containers
- Corrugated boxes
- Barrels
- IBCs
- Strapping
- Others
On the basis of end use industries
- Agriculture
- Automotive
- Building & Construction
- Chemicals & Pharmaceuticals
- Food & Beverages
- Metallurgical
- Oil & Lubricants
- Electrical & Electronics
- Others
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