Transit Packaging Market Overview
Introduction
Transit Packaging Market was valued at US$ 72.9 Billion in 2024 and is projected to grow at a CAGR of 10.70% to reach US$ 201.8 Billion by 2034.
Transit Packaging solution is used for the transportation of goods and is used widely in the business-to-business sector, which helps protect products during transport. Pallets, containers, drums, and liquid storage tanks are the significant types of transit packaging.
The growing e-commerce sector, coupled with increased online shopping, has positively impacted target market growth. Growing awareness among individuals about the detrimental effects of plastic packaging has shifted towards hardwood packaging, which, in turn, provides lucrative opportunities for transit packaging manufacturers. Further, growing demand from the end-user industry and rising food & beverages industries is anticipated to increase the demand for Transit Packaging market growth in coming years.
Transit Packaging Market Dynamics
Growing use of transit packaging solutions in food & beverage industries to fuel market growth
The growing use of transit packaging technology and materials in food & beverage industries to ensure product safety has become a leading factor in market growth. Maintaining and ensuring food safety by strategically applying transit packaging technology and advanced materials across complex supply chains globally has driven the demand for market growth. Rapid growth in online grocery and other shopping due to the COVID pandemic has increased demand for market growth. Transit packaging technology helps in improving operations & also helps in increasing profit for food manufacturers and producers by reducing breakage and spoilage and, thus, increasing the product's shelf life.
The benefits of transit packaging technology to maintain the quality of products and prevent damage and contamination during transportation has fueled market growth. For instance, Stretch hood technology has become the fastest-growing packaging solution for transporting goods on pallets. Stretch Hood is applied in various industries such as construction, chemicals, logistics, food & beverage, etc.
Restrains:
However, the high cost of raw materials associated with transit packaging restrain the market growth. Further, additional costs of bar code labeling, software packaging, detectors, and electronic chips have hampered the demand for Transit Packaging Market growth.
Transit Packaging Market Segmentation
Transit Packaging Market is segmented based on Material Type, Packaging Type, End-Users and Region.
Material Type Insight
On the basis of Material Type, Transit Packaging Market is segmented into Polypropylene, Polyethylene, Polyvinyl Chloride, Polyethylene Terephthalate and Others.
Packaging Type Insights
On the basis of Packaging Type, Transit Packaging Market is segmented into Cartons, Corrugated Boxes, Containers, Wooden Crates and Others. Cartons packaging type segment is expected to dominate the target market growth over the forecast period owing to rising demand in consumer & retail goods. The growing adoption of cartons in transportation and storage of goods has become a key factor in modern logistics which in turn boost the segment growth.
End-Users Insights
On the basis of End-Users, Transit Packaging Market is segmented into Automotive, Chemicals, Food & Beverages, E-commerce, Pharmaceuticals and Others. E-commerce end-user segment is expected to dominate the target market growth over the forecast period due to surge in demand for internet usage and growing online shopping activities.
For instance in 2022, according to statista, the increase in global internet access across the world with five billion of internet users has given rise in purchasing online products. The retail e-commerce sales estimated to be 5.7 trillion U.S. dollars across globe and thus, expected to reach at new heights in future.
Regional Insights:
On region the Transit Packaging Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period. Moreover, high disposable income, growing use of wine transit packaging, growing industrialization with robust production activities, huge investment in food-packing solutions and growing e-commerce sector is anticipated to increase demand for Transit Packaging in the region.
Asia Pacific market is estimated to witness a fastest revenue share over the forecast period owing to rapidly growing urbanization and industrialization. Further, strong e-commerce sector in China has fueled the market growth with growing adoption of high transit packaging solutions.
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2023 |
|
Forecast period |
2024 – 2034 |
|
Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
|
Market Segmentation |
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 |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Transit Packaging Market report based on Material Type, Packaging Type, End-Users and Region:
Transit Packaging Market, By Material Type:
- Polypropylene
- Polyethylene
- Polyvinyl Chloride
- Polyethylene Terephthalate
- Polyurethane
- Ethylene Vinyl Alcohol
- Wood
- Metal
- Paper & Paperboard
Transit Packaging Market, By Packaging Type:
- Cartons
- Corrugated Boxes
- Containers
- Wooden Crates
- Barrels
- Strapping
- Intermediate Bulk Containers
- Others
Transit Packaging Market, By End-Users:
- Automotive
- Chemicals
- Food & Beverages
- E-commerce
- Pharmaceuticals
- Building & Construction
- Electrical & Electronics
- Consumer Goods
- Industrial Machinery & Equipment
- Third-party Logistics
Transit Packaging Market, By Region:
-
-
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- North America
-
Transit Packaging Market Key Players
The key players operating 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.
Transit Packaging Market Company Profile
- Smurfit Kappa*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- WestRock Company
- Sonoco Products Company
- Inteplast Group
- Flexoplas Packaging Ltd.
- International Paper
- Flex-Pak Corporation
- Futamura
- Ronpak
- Polymax Inc.
“*” marked represents similar segmentation in other categories in the respective section
Recent Development:
- In April 2023, Signode showcased its new transit packaging solutions at Interpack 2023, in Dusseldorf, Germany. The new developed solutions includes, case packaging equipment, wrapping & strapping technologies, consumables & reliability services, hand tools and warehouse automation. The company’s fully automated wrapping solution offers maximum load protection and stabilization for transit packaging.
- In May 2023, Mill Rock Packaging Partners LLC., acquired Keystone Paper & Box Company, a provider of custom folding carton manufacturing services for healthcare and consumers. This acquisition will help Mill Rock to strengthen its position and expand its business to the Eastern United States.
- In January 2022, Smurfit Kappa won 13 WorldStar 2022 Awards for its innovative and sustainable packaging solutions which includes, paper-based ceiling luminaire and groundbreaking corrugated packaging for fresh fish transportation. The Beerer Box and TopClip packaging solution for eCommerce and beverages category has shone year’s award.
Transit Packaging Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Material Type
- Market Snippet, By Packaging Type
- Market Snippet, By End-Users
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Transit Packaging Market, By Material Type
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Polypropylene
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Polyethylene
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Polyvinyl Chloride
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Polyethylene Terephthalate
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Transit Packaging Market, By Packaging Type, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Cartons
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Corrugated Boxes
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Containers
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Wooden Crates
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Transit Packaging Market, By End-Users, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Automotive
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Chemicals
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Food & Beverages
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- E-commerce
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Pharmaceuticals
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Transit Packaging Market, By Region, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Material Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Packaging Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Material Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Packaging Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Material Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Packaging Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Overview
-
- Latin America
- Market Size and Forecast (US$ Bn), By Material Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Packaging Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- Latin America
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-
-
- Brazil
- Mexico
- Rest of Latin America
-
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Material Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Packaging Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
-
-
-
-
- GCC
- Israel
- South Africa
- Rest of Middle East
-
-
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Smurfit Kappa
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- WestRock Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sonoco Products Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Inteplast Group
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Flexoplas Packaging Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- International Paper
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Flex-Pak Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Futamura
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ronpak
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Polymax Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Transit Packaging Market is segmented into Material Type, Packaging Type, End-Users and Region.
Transit Packaging Market is driven by factors like growing use of transit packaging solutions in food & beverage industries to fuel market growth.
By region, the Transit Packaging Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.
The key players operating 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.