The global moving supplies market is projected to grow at a compound annual growth rate (CAGR) of 4.4% from 2023 to 2033, expanding from USD 680.27 billion in 2023 to USD 1,048.80 billion by 2033. This market, which grew at a 2.2% CAGR from 2018 to 2022, reached a valuation of USD 637.32 billion in 2022.
The key drivers of this growth include increasing population migration in emerging economies, which is fueling demand for various packaging solutions to safely transport household items and personal belongings. Moving supplies like customizable moving boxes are essential for securely packing laptops, televisions, beds, clothes, and kitchen appliances, making relocation efficient and convenient for consumers.
One of the significant trends emerging in the market is the development of customizable packaging solutions that allow for better utilization of space and reduced greenhouse gas (GHG) emissions. By optimizing how items are packed, businesses can consolidate shipments, thereby reducing transportation loads and cutting down on environmental impacts.
The global market for moving supplies is segmented by product types, with key categories including bottles & cans, containers & jars, bags, pouches, wraps, closures & lids, boxes & crates, and drums & intermediate bulk containers (IBCs). Among these, bottles & cans represent a substantial market share.
The food industry remains a dominant end-user in the moving supplies market, particularly driven by the soaring demand for packaged foods. Consumers are increasingly purchasing packaged food items such as frozen and raw meat, dairy products, and seafood, which has led to heightened demand for practical and sustainable moving supplies. The growing consumer preference for processed and ready-to-eat foods is also forecasted to contribute to the industry’s expansion.
In response to this demand, manufacturers are shifting their focus to sustainability. For example, Mondi, a leading packaging company, has been at the forefront of this transition. In July 2023, Mondi collaborated with Aromsa, a Turkish flavor firm, to replace stainless steel containers with their innovative TankerBox, a lightweight, durable solution composed of renewable resources. This initiative reduced shipping costs, simplified transportation, and eliminated container maintenance for Aromsa, showcasing the ongoing trend of sustainability in packaging.
Top Highlights from the FMI’s Analysis of the Moving Supplies Market
- The United States market for moving supplies is considerably penetrated by the manufacturers.
- The United Kingdom offers significant growth potential for relevant businesses in the Europe region.
- India is projected to be an investment option for leading players from 2023 to 2033.
- Japan’s market is witnessing advancements in the packaging industry. With the surging number of people seeking practical packing materials for relocation, the industry is projected to attract several players in the market.
- Manufacturers in South Korea’s market are trying to capture many customers through sales tactics like offering discounts on moving boxes on online platforms.
Leading Players Operating in the Global Moving Supplies Industry
- Mondi
- DS Smith Packaging Limited
- Oji Holdings Corporation
- Smurfit Kappa Group Plc
- International Paper Company
- WestRock Company
- Georgia Pacific Packaging LLC
- Pratt Industries, Inc.
- Tat Seng Packaging Group
- VPK Packaging Group NV
- STORA ENSO OYJ
- Nelson Container Corporation
- Great Little Box Company Ltd.
- Acme Corrugated Box Co. Inc.
Latest Advancements or Developments in the Moving Supplies Industry
- In October 2021, DS Smith’s unit in the United Kingdom manufactured the first-ever box developed by utilizing circular design metrics. The packaging firm is distributing the box to a COP26 initiative that underscores the significant contribution of food waste to climate change.
- In January 2020, DS Smith unveiled the Box Manufacturing Plant in Lebanon, Indiana, to develop ecologically sound boxes. This installation has created 170 jobs to cater to the expanding demand for eco-friendly solutions. It is going to lower the shipping costs throughout the United States.
- In July 2022, International Paper introduced the Bow Tie Shipper, which is a distinct packaging innovation. This patented design saves time and aims to substitute compact, glued corrugated shipping boxes. It finds deployment in eCommerce and pick-and-pack distribution segments.
Access Full Report: https://www.futuremarketinsights.com/reports/moving-supplies-market
Key Segmentations
By Product Type:
- Packing Supplies
- Moving Supplies
By End-use:
- Residential
- Commercial
By Price Range:
- Mass
- Premium
By Sales Channel:
- Hypermarkets/Supermarkets
- Specialty Stores
- Independent Departmental Stores
- Convenience Stores
- Online Retailers
- Other Sales Channel
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East & Africa
About Future Market Insights (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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