The North America shipping supplies market is projected to grow at a Compound Annual Growth Rate (CAGR) of 4.2% between 2023 and 2032.
The United States is renowned for its large economy, ranking second globally in terms of exports. Key US exports include integrated circuits, vehicles, petroleum gas, refined and unrefined petroleum, and automobiles.
In 2020, the United States was a major exporter of refined oil, aviation equipment, medical equipment, and gas turbines. In August 2022 alone, the country shipped goods worth approximately US$180 billion, experiencing a growth rate of 21.7% compared to August 2021.
The Netherlands, China, Japan, Mexico, and Canada are among the United States’ key trading partners. With the increased export of various high-value commodities, the demand for packaging supplies like drums, cartons, boxes, straps, and tapes is expected to expand.
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The need for advanced shipping supplies is anticipated to rise across North America due to the requirement to transport and deliver goods in proper condition. Government regulations regarding labeling and packaging of goods during shipping will also contribute to the demand for shipping materials. Consequently, the North America region is expected to witness significant growth in shipping goods by 2032, driven by the rapid expansion of the US logistics sector.
Key Takeaways from North America Shipping Supplies Market
- Based on material, the paper segment is expected to cover 44% of the North America shipping supplies market share by the end of 2023.
- By packaging format, the corrugated boxes segment is projected to create a growth opportunity of US$ 4.6 Bn during the forecast period.
- In terms of end use, the e-commerce companies sub-segment under the commercial segment is estimated to grow 1.5 times the current market value during the evaluation period.
- Mexico shipping supplies market is expected to grow 1.8 times the current value during the projected time frame.
- During the historical period (2017-2022), the North America shipping supplies market witnessed a CAGR of 2.5% and reached a valuation of US$ 25.2 Bn in 2022.
“Significantly growing national and international trade activities, better trading relationships, and relaxation of trade laws are some of the major growth drivers for the North America shipping supplies market.” – Says an FMI analyst.
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Key Players :
- DS Smith Plc
- Mondi Group
- Amcor Plc
- Sonoco Products Company
- WestRock Company
- Sealed Air Corporation
Market Benefits:
- In-depth Analysis of the Global North America Shipping Supplies Market: The study offers a comprehensive and detailed analysis of the global North America shipping supplies market. It covers current trends and provides future estimations to identify potential investment opportunities that are likely to emerge in the near future.
- Thorough Analysis of Key Market Players and their Strategies: The report thoroughly analyzes the key market players operating in the North America shipping supplies market. It provides insights into their strategies, allowing stakeholders to understand the competitive outlook of the industry and make informed decisions.
- Extensive Analysis of the Market Based on Application: An extensive analysis of the North America shipping supplies market based on application is presented in the report. This analysis helps stakeholders gain a deeper understanding of the industry trends and dynamics, allowing them to align their business strategies accordingly.
- Quantitative Analysis of the Market from 2023 to 2032: The report presents a quantitative analysis of the North America shipping supplies market, covering the period from 2023 to 2032. This analysis enables stakeholders to identify and capitalize on prevailing market opportunities, providing a basis for strategic decision-making and maximizing potential returns
Regional Outlook
This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue and sales data of each region and country for the period 2023-2032.
North America Shipping Supplies Market Outlook by Category
By Material:
- Plastic
- Polyethylene (PE)
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Polyvinyl Chloride (PVC)
- Others
- Paper & Paperboard
- Metal
- Wood
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By Packaging Format:
- Corrugated Boxes
- Folding Cartons
- Bags
- Crates
- Drums & Barrels
- Straps
- IBCs
- Mailers & Envelopes
- Wraps
- Labels
- Tapes
By End Use:
- Commercial
- E-commerce Companies
- Courier Service Companies
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