Transit Packaging Market is estimated to be US$ 201.8 Billion by 2034; Growing Use of Transit Packaging Solutions in Food & Beverage Industries to Fuel Market Growth

Published Date: February 2024

For transportation of goods transit packaging solution are widely used for protections of manufactured goods for storing or shipping. Growing e-commerce sector has driven market growth.

Pallets, containers, drums, and liquid storage tanks are the significant types of transit packaging. Various benefits, such as temperature tolerance and its eco-friendly nature, have provided lucrative opportunities for market growth. Growing pharmaceutical industries and the high adoption of transit packaging to ensure product quality has driven market growth. The beneficial properties of transit packaging to safeguard the product from damage and contamination will likely propel Transit Packaging Market growth over the forecast period.

The report Transit Packaging Market, By Material Type (Polypropylene, Polyethylene, Polyvinyl Chloride, Polyethylene Terephthalate and Others), By Packaging Type (Cartons, Corrugated Boxes, Containers, Wooden Crates and Others), By End-Users (Automotive, Chemicals, Food & Beverages, E-commerce, Pharmaceuticals and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

 Key Highlights:

  • In July 2021, Liquidbox partnered with WestRock a corrugated packaging company for developing liquid packaging for e-commerce. The new developed packaging solution is lighter, smaller, minimizes over-packaging and also help to cut down transportation & storage costs.

Analyst View:

Beneficial properties such as safeguarding the product from spoilage and damage during loading, handling, and transportation have increased demand for transit packaging. Growing environmental concern has given rise to sustainable transit packaging solutions such as reduced packaging waste, which is expected to fruitful the need for Transit Packaging market growth. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish position in the market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on Transit Packaging Market, By Material Type (Polypropylene, Polyethylene, Polyvinyl Chloride, Polyethylene Terephthalate and Others), By Packaging Type (Cartons, Corrugated Boxes, Containers, Wooden Crates and Others), By End-Users (Automotive, Chemicals, Food & Beverages, E-commerce, Pharmaceuticals and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

Key Market Insights from the report:

Transit Packaging Market accounted for US$ 72.9 Billion in 2024 and is estimated to be US$ 201.8 Billion by 2034 and is anticipated to register a CAGR of 10.70%. The Transit Packaging Market is segmented based on Material Type, Packaging Type, End-Users and Region.

  • Based on Material Type, Transit Packaging Market is segmented into Polypropylene, Polyethylene, Polyvinyl Chloride, Polyethylene Terephthalate and Others.
  • Based on Packaging Type, Transit Packaging Market is segmented into Cartons, Corrugated Boxes, Containers, Wooden Crates and Others.
  • Based on End-Users, Transit Packaging Market is segmented into Automotive, Chemicals, Food & Beverages, E-commerce, Pharmaceuticals and Others.
  • By Region, the Transit Packaging Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of Transit Packaging Market:

The prominent players operating in the Transit Packaging Market includes, Smurfit Kappa, WestRock Company, Sonoco Products Company, Inteplast Group, Flexoplas Packaging Ltd., International Paper, Flex-Pak Corporation, Futamura, Ronpak, Polymax Inc., and others.

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