Auto parts packaging helps to protect valuable vehicle parts from scratches, dents, vibrations, knocks, damage, etc., during storage and shipping processes. It usually consists of barrier materials, tubing, harnesses, straps, edge protectors, and corrugated box solutions. The various components used in automotive parts packaging are batteries, cooling systems, underbody components, automotive filters, motors, lighting, electrical arts, etc. As such, they find extensive use in the automotive industry.
The global automotive parts packaging market size reached US$5.99 billion in 2021. Going forward, IMARC Group expects the market to reach a value of US$7.74 billion by 2027expanding at a CAGR of 4.27% over the period 2022-2027.
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To note: We regularly monitor the direct effect of COVID-19[feminine] in the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
|Base year: 2021|
|Forecast year: 2022-2027|
Automotive Parts Packaging Market Trends and Drivers:
The increasing integration of telematics, in-vehicle infotainment systems and advanced driver assistance systems (ADAS) in automobiles is primarily driving the automotive parts packaging market. Furthermore, the initiation of favorable policies by government bodies to encourage the adoption of electric vehicles (EVs) as they emit less greenhouse gases (GHGs) and air pollutants is further increasing the growth of the market.
Apart from this, automotive vehicles include several small, medium and large sized components that are assembled by automotive original equipment manufacturers (OEMs). With this in mind, the growing production of heavy-duty components, such as cooling systems, is also catalyzing the global market. Additionally, due to the growing environmental awareness among consumers, bio-based packaging materials are being used, which is another important growth factor.
In addition to this, the expansion of auto parts exports across the countries also positively influences the demand for the products. Additionally, continuous technological advancements in supply chain management are expected to drive the automotive parts packaging market during the forecast period.
2022-2027 Global Automotive Parts Packaging Market Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.
- DS Smith plc
- Knauf Industries
- Mondi plc
- Nefab AB
- Primex Plastics Corporation (ICC Industries Inc.)
- Schoeller Allibert Services B.V.
- Airline Sealed
- Signode India Ltd.
- Smurfit Kappa Group plc
- Sonoco Product Company
- Sunbelt Paper and Packaging Inc.
- West Rock Company.
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The report has segmented the market based on region, component type, product type, and packaging type.
Breakdown by type of component:
- Cooling system
- Underbody components
- automotive filter
- Engine components
- Lighting components
- Electrical components
Breakdown by product type:
- Bulk containers and crates
- Bags and pouches
- Folding boxes
- Corrugated cardboard products
- Protective packaging
Breakdown by type of packaging:
Breakdown by region:
- North America: (United States, Canada)
- Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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