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Transit Packaging Market Key Takeaways
- North America dominated the global corrugated boxes market share with 34.25% in 2023.
- Asia Pacific is expected to grow at a significant rate in the market during the forecast period.
- North America is expected to grow at 7.34% CAGR from 2023 to 2033
- By material, the paper & paperboard segment dominated the market with the largest share in 2023.
- By packaging type, the rigid segment has shown significant growth rate in the market in 2023.
- By product type, the boxes & cartons segment dominated the market in 2023.
- By end use, the food & Beverages segment dominated the market in 2023.
Market Overview
Packaging can take many different forms. Depending on the items or materials shipping and the level of protection needed, consumers need different types of transit packing. “Transit Packaging” is something that’s frequently disregarded in packaging. Transit packaging is designed to endure several transit stressors including moisture, vibration, compression, etc. and is mostly used for business-to-business transactions. Additionally, transit packaging differs greatly from retail packaging. While transit packaging puts the protection and durability of the goods first, retail packaging places greater emphasis on the presentation and advertising of the products.
The supply chain of any company must include transit packaging. Reliable packing reduces product damage and advances company. Let’s examine the advantages, classifications, and varieties of transportation packaging. The initial or deepest layer of packing is called primary packaging. Transit packaging facilitates the effective transportation of goods from one location to another in a world where prompt delivery and customer satisfaction are critical. It helps with effective logistics and lessens loss in addition to making the loading, unloading, stacking, and moving of goods easier.
Transit Packaging Market Recent Developments
- In March 2024, Prime Robotics, automation solution providing company, revealed the introduction of the Advanced Pallet Station (APS) to accelerate picking from single-SKU pallets to develop multi-SKU pallets.
- In June 2024, Sonoco Products Company, sustainable packaging solution company, signed acquisition with the Eviosys, cans and enclosure manufacturing company for US$ 3.9 billion.
- In May 2024, UPM Raflatac, paper-based packaging solutions providing company, revealed the introduction of the innovative new wave paper label material. The newly launched label material is compatible for rigid polypropylene (PP) containers and High-Density Polyethylene (HDPE).
Transit Packaging Market Key Companies
- Mondi
- WestRock Company
- International Paper
- Nefab AB
- Smurfit Kappa
- ProAmpac
- Sealed Air
- Stora Enso Oyj
- DS Smith
- Greif, Inc.
- Sonoco Products Company
- Rengo Co. Ltd.
- Mauser Packaging Solutions
- Schütz GmbH & Co. KGaA
- Time Technoplast Ltd.
Transit Packaging Market Segments
By Material
- Metal
- Paper & Paperboard
- Plastic
- Wood
By Packaging Type
- Rigid
- Flexible
- Protective
By Product Type
- Trays & Crates
- Pallets
- Intermediate Bulk Containers
- Boxes & Cartons
- Barrels & Drums
- Inserts & Dividers
- Others
By End Use
- Food & Beverages
- Automotive
- Industrial
- E-commerce
- Chemicals
- Electricals & Electronics
- Healthcare
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Sweden
- Denmark
- Norway
- Asia Pacific
- China
- Japan
- India
- South Korea
- Thailand
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East and Africa (MEA)
- South Africa
- UAE
- Saudi Arabia
- Kuwait
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