Automotive parts packaging market size expected to grow by USD 1.90 billion with 46% contribution from APAC

NEW YORK, September 5, 2022 /PRNewswire/ — The “automotive parts packaging market – Forecasts and Analysis 2022-2026has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has proudly partnered with over 100 Fortune 500 companies for over 16 years. automotive parts packaging between 2021 and 2026 is USD 1.90 billion, according to Technavio’s latest market analysis report.However, the report will witness a deceleration in growth momentum at a CAGR of 4.6% in during the projected period Technavio analysts have categorized the global automotive parts packaging market as part of the global market automotive components and accessories market. The growing demand for protective packaging is one of the major growth drivers for the automotive parts packaging market. In addition, growing preference for disposable packaging is one of the major automotive parts packaging market trends supporting the growth of the market. However, rising cost of raw materials is one of the factors limiting the growth of the automotive parts packaging market.

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Key Market Segment Highlights

The Automotive Parts Packaging Market report is segmented by Product (folding carton, corrugated box and others) and Geography (APAC, North America, Europe, South Americaand Middle East and Africa).

  • Revenue Generating Information: The growth of the auto parts packaging market share in the folding carton segment will be significant during the forecast period. Folding carton is the main type of packaging used in the global automotive parts packaging market, owing to its cost effectiveness, availability in various sizes, and flexibility. They are made in different sizes and shapes and often come in flat cartons, marked with fold lines to facilitate the packing process. Also, with the growth in automobile sales, there will be an increase in the demand for folding boxes over the forecast period.
  • Regional Opportunities: 46% of the market growth will come from APAC during the forecast period. China, Japanand India are the key markets for the automotive parts packaging market in APAC. Market growth in this region will be slower than market growth in Europe. Rapid industrialization and urbanization, which are paving the way for economic transformation, will facilitate the growth of the automotive parts packaging market in APAC over the forecast period.

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Some companies mentioned with their offers

    • Cascades Inc.: The company offers Cascades containerboard packaging for the packaging of automotive parts
    • Deufol SE: The company offers blister packaging for automotive parts and components
    • DS Smith Plc: The company offers GALIA and IMC automotive packaging products which are standard boxes with regular slots, the dimensions of which correspond to sub-multiples of standard pallets
    • GWP Group Ltd.: The company offers packaging solutions under different brands such as GWP Correx, GWP Protective and others.
    • JIT Packaging Inc.: The company offers custom or contract molding and urethane solutions as packaging solutions for automotive parts.
    • EZ Custom Boxes
    • IPS packaging and automation
    • Mondi plc
    • Nefab AB
    • Pacific Packaging Products Inc.
    • Packaging Corp. from america
    • Packaging industries
    • Pratt Industries Inc.
    • Sealed Air Corp.
    • Signode India Ltd.
    • Smurfit Kappa Group
    • Sonoco Co products.
    • Sunbelt paper and packaging
    • THIMM Group GmbH Co. KG
    • Victory LP Packaging
  • Access detailed vendor-specific profiles with strategic moves as you go. Download this sample PDF

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Automotive Parts Packaging Market Scope

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Slow to a CAGR of 4.6%

Market Growth 2022-2026

$1.90 billion

Market structure

Fragmented

Annual growth (%)

5.04

Regional analysis

APAC, North America, Europe, South America, Middle East and Africa

Successful market contribution

Asia-Pacific at 46%

Main consumer countries

United States, China, Japan, India and Germany

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Cascades Inc., Deufol SE, DS Smith Plc, EZ Custom Boxes, GWP Group Ltd., IPS Packaging and Automation, JIT Packaging Inc., Mondi plc, Nefab AB, Pacific Packaging Products Inc., Packaging Corp. of America, Packman industries, Pratt Industries Inc., Sealed Air Corp., Signode India Ltd., Smurfit Kappa Group, Sonoco Products Co., Sunbelt Paper and Packaging, THIMM Group GmbH Co. KG and Victory Packaging LP

Market dynamics

Parent market analysis, market growth drivers and barriers, analysis of fast and slow growing segments, impact of COVID-19 and future consumer dynamics, and analysis of market conditions for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Main topics covered:

  • Summary
  • Market landscape
  • Market sizing
  • Five forces analysis
  • Market segmentation by product
  • Customer landscape
  • Geographic landscape
  • Supplier Landscape
  • Vendor analysis
  • Annex

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Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions.

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