The global transport packaging market is expected to reach US$ 42.76 billion by 2032, growing at a CAGR of 5% from US$ 26.25 billion in 2022, according to a report by FMI. This growth is fueled by the booming e-commerce sector and a growing focus on sustainable packaging solutions.
Market Growth Drivers:
- E-commerce Boom: The surge in online shopping is driving the demand for secure and protective packaging solutions for product delivery.
- Innovation in Packaging Materials: Manufacturers are developing high-quality, recyclable cardboard and other sustainable packaging solutions.
- Growth of Key Industries: The thriving automotive, construction, and pharmaceutical industries are propelling the demand for transport packaging solutions.
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Key Factors :
- Critical Role in Supply-Demand Chain: Transport packaging plays an essential role in ensuring the safe shipping of products by shielding them from contamination during transit and warehousing. It focuses on packaging needs for commodities while they are in transit, especially when transported by road or rail overland.
- Protection Against Adverse Conditions: The packaging used during transportation is designed to protect goods from hazards such as extreme weather conditions, heavy rain, and humidity. Packaging manufacturers develop products based on regional circumstances to ensure optimal protection.
- Returnable Transport Packaging: Several firms produce and utilize returnable transport packaging products, which are advantageous for both producers and vendors/customers by lowering costs and enhancing product security and safety. For instance, automobile manufacturers frequently use returnable packaging to transport partially finished and fully finished vehicle parts, creating a need for strong, efficient, and long-lasting packaging goods.
Sustainable and Innovative Packaging Solutions:
- Environmental Sustainability: International manufacturers are increasingly providing environmentally friendly packaging options and services. These sustainable approaches aim to make reusable packaging more effective, enhance product flow, and reduce overall packaging costs, thus reducing the amount of packaging waste in landfills.
- Legal Pressure and Brand Reputation: As legal pressure over the usage of plastic packaging increases, manufacturers are leveraging the opportunity presented by the growing adoption of sustainable packaging solutions to boost their brand reputation.
- Recyclable and Lightweight Materials: Utilizing cutting-edge innovation and in-house developed technology, large package manufacturers are creating high-quality, 100% recyclable laminated compact carton board products. These products use carton board, a robust and lightweight material that helps cut CO2 emissions and enhance brand image. Manufacturers assist end-users in securing and optimizing their shipments, resulting in cost savings and other advantages for the entire logistical chain.
- Recyclable Foam and Unique Containers: Many manufacturers are focusing on creating recyclable foam made of eco-friendly fibers to replace polymer foams, providing brand owners with sustainable packaging options. Additionally, some producers are developing unique containers for the export of oils, gradually replacing metal drums as the primary container for palm and coconut oils.
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Market Segmentation
Based on material type,
- Plastic
- Polyethylene (PE)
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Polyvinyl Chloride (PVC)
- Ethylene vinyl alcohol (EVOH)
- Others
- Paper & Paperboard
- Metal
- Wood
- Others
Based on packaging type,
- Cartons
- Wooden crates
- Containers
- Corrugated boxes
- Barrels
- IBCs
- Strapping
- Others
Based on end use industries,
- Agriculture
- Automotive
- Building & Construction
- Chemicals & Pharmaceuticals
- Food & Beverages
- Metallurgical
- Oil & Lubricants
- Electrical & Electronics
- Others
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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