The demand for shipping supplies in North America is predicted to surge at a 1.50% CAGR through 2034. The shipping supplies industry in North America is valued at US$ 24.2 billion in 2024 and projected to surpass a valuation of US$ 28.1 billion by 2034.
In North America, eCommerce is growing at an exponential rate, which has increased the demand for shipping supplies. Businesses are turning increasingly to digital platforms, making scalable and effective logistics solutions essential.
For the smooth completion of online purchases, there is a corresponding increase in the need for boxes, labeling systems, and packaging materials. The shipping supply industry is becoming a crucial player due to the rapid growth of e-commerce, as businesses compete to provide flexible and dependable shipping options.
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The current phase of mass customization and personalized branding is impacting the North American shipping supply business dynamics. Businesses are realizing how important it is to provide customers with a unique unpacking experience using branded and customized package options. This tendency goes beyond just protecting products; it also includes creating a distinctive brand identity and a plan for engaging with customers. The need for custom shipping supplies has increased as businesses compete for customers’ attention in a congested market. These supplies provide organizations with a tactical way to improve their brand image and establish long-lasting relationships with their target market.
“Innovation, sustainability, and regulatory compliance are critical success factors in the North American shipping supplies industry. Customization and strategic alliances are essential to boost revenues. Growth and resilience depend on quick adjustments to environmentally conscious customer choices, highlighting the industry’s dynamic character,” says a Lead Analyst at Future Market Insights (FMI).
Key Takeaways from the North America Shipping Supply Industry Report
- The bags packaging format segment is expected to hold 20.4% market share in 2024.
- The commercial end-use segment is estimated to capture a 74.2% of the market in 2024.
- The demand in the United States is projected to rise at a 1.6% CAGR through 2034.
- The market in Canada is anticipated to develop at a 0.9% CAGR through 2034.
Competitive Landscape
The North American shipping supplies industry remains highly competitive, with industry giants including Uline, Packaging Corporation of America, and International Paper. These large corporations provide a wide range of packaging options, including standard boxes and novel materials. Sealed Air, WestRock, Staples, Veritiv, and Berry Global are also notable rivals. The environment also enables smaller, specialist businesses that specialize in certain areas or customization. Technological improvements, sustainability measures, and global trade dynamics all have a significant impact on competitiveness. Strategic alliances, mergers, and acquisitions are common as businesses strive to improve capabilities and manage the changing terrain defined by e-commerce and digital transformation.
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Recent Developments
- In March 2024, The Boxery, a top provider of shipping goods, launched an environmentally friendly shipping boxes and supplies range, marking a significant step towards sustainable e-commerce.
- In March 2024, DP World introduced a global freight forwarding network with more than 100 freight forwarding offices worldwide.
Key Segments
By Material:
- Plastic
- Polyethylene (PE)
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Polyvinyl Chloride (PVC)
- Other Plastics
- Paper
- Metal
- Wood
By Packaging Format:
- Corrugated Boxes
- Folding Cartons
- Bags
- Crates
- Drums& Barrels
- Straps
- IBCs
- Mailer & Envelopes
- Wraps
- Labels
- Tapes
By End Use:
- Commercial
- Courier Service Companies
- E- Commerce companies
- Institutional
- Financial Institutions
- Academic Institutions
- Government Organizations
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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Website: https://www.futuremarketinsights.com
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