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Automotive Parts Packaging Market (Product Type - Corrugated Boxes, Reusable Containers and Cases, Crates, Trays, Folding Carton, Bags & Pouches, Pallets, and Protective Packaging; Packaging Type - Disposable, and Reusable; Component Type - Cooling System, Braking & Suspension, Body Chassis, Interior, Transmission & Steering, Engine Components, and Electrical and Electronics Components): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : June, 2021

  • Rep Id : CGP00107

  • Category : Consumer Goods and Packaging

  • Status : Published

A recent report published by Infinium Global Research on the automotive parts packaging market provides in-depth analysis of segments and sub-segments in the global as well as regional automotive parts packaging market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional automotive parts packaging market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global automotive parts packaging market. According to the report, the global automotive parts packaging market reached a value of USD 8,596 million in 2020. The market is expected to further grow in the forecast period of 2020-2026 at a CAGR of 4.2% to reach USD 10,980  million by 2026.


Market Insight

Packaging is fundamentally a system for protecting and enclosing a product from any kind of damage. It plays a very essential role in the hygienic handling as well as a safe storage of a product. Furthermore, packaging also offers protection from environmental aspects, for example, moisture, dust, and wind. Apart from protecting the product, it also supports marketing the product to customers. Moreover, numerous types of material are utilized for packaging which comprises foam, molded pulp, plastic wood, void fill, plastic, and corrugated among others. For packaging of automotive parts, they use several materials for expendable packaging returnable packaging of components for shipping. Also, the multiple-layer packaging safeguards automotive parts from scratches, moisture, corrosion, and numerous other hazards. In addition to this, the packaging does not only offer the protection it also helps in marketing the products to the consumer.


Increasing immersion of electrical & electronic equipment in automobiles and the consumer preference for eco-friendly packaging along with the high demand for the ridged packaging products is increasing the demand for the market. Furthermore, the rapid growth in the usage of disposable packaging as it is being utilized once only is likely to boost the demand for more effective packing methods. On the other hand, stringent government regulation is a major factor that may hinder the growth of the automotive parts packaging market. Since the waste generated for the packaging of electronic and electrical parts is augmenting. Consequently, this might affect the growth of the automotive parts packaging market.


Global automotive parts packaging market segmentation is based on product type, packaging type, component type, and region. On the basis of product type, the automotive parts packaging market is divided into corrugated boxes, reusable containers and cases, crates, trays, folding cartons, bags & pouches, pallets, and protective packaging. Based on component type, the market is divided into cooling systems, automotive filters, underbody components, lighting components, batteries, engine components, and electrical components. On considering the packaging type, the market is divided into disposable and reusable. Geographically, the global automotive parts packaging market is classified into North America, Europe, Asia Pacific, and RoW.

 

Automotive Parts Packaging Market


Segment Covered

The report on global automotive parts packaging market covers segments such as product type, packaging type, and component type. On the basis of product type, the sub-markets include corrugated boxes, reusable containers and cases, crates, trays, folding carton, bags & pouches, pallets, and protective packaging. On the basis of packaging type, the sub-markets include disposable, and reusable. On the basis of component type, the sub-markets include cooling system, braking & suspension, body chassis, interior, transmission & steering, engine components, and electrical and electronics components.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Mondi, Smurfit Kappa, Victory Packaging, Primex Design & Fabrication, Sonoco Products Company, CMTP, DS Smith, NEFAB GROUP, Pratt Industries, Inc., and Encase Ltd.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the automotive parts packaging market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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