Global Transit Packaging Market to Generate Revenues of $148 Billion During 2019-2024 - Market Research by Arizton

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Feb 06, 2019, 12:00 ET

CHICAGO, Feb. 6, 2019 /PRNewswire/ --Arizton's latest research states that the global transit packaging market is projected to reach revenues of approximately $148 billion by 2024, growing at a CAGR of more than 3% during 2018–2024.

Key Highlights Offered in the Report:

$30 billion incremental revenue opportunities in transit packaging to be capitalized in the next five years.
E-commerce gaining steam - Share of e-commerce transit packaging to reach 40% in 2024 from 16% in 2018.
China, India, Indonesia, Brazil, Russia, and countries in Eastern and Central Europe are the key potential market.
Investments in innovative Retail and Shelf-ready packaging to enable brands in creating visual disruptions and enhance product appeal.
Returnable transit packaging is one the key focus area for vendors to capitalize upon conventional transit packaging.

Key Offerings:

Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Size & Forecast by Revenue | 2018–2024
Market Segmentation - Detailed analysis of product types, end-user types, and geography
Competitive landscape –Profile 5 key vendors and 30 other prominent players

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Transit Packaging Market - Dynamics

The exponential growth of the e-commerce sector is fueling the need for transit packaging and other innovative solutions in the global market. Out of 30 billion parcels shipped by China, 70% were disturbed via e-commerce channel.

Key drivers and trends fueling the growth of the global market are:

Demand boosted by sustainable transit packaging solutions
Global export propagation pushing quality transit packaging

Transit Packaging Market - Segmentation

This market research report includes a detailed segmentation of the market by product types, end-user types, and geography.

The wooden pallets, plastic pallets, and metal pallets segment is likely to grow at a CAGR of more than 3% by 2024.
The F&B sector covered the largest market share in 2018.

- Market Segmentation by Product Type

- Corrugated Boxes

- Crates

Wooden Crates
Plastic Crates

- Pallets

Wooden Pallets
Plastic Pallets
Metal Pallets

- Other Protective Packaging

Bubble Wraps
Air Cushions
Foam Packaging
Insulated Shipping Containers
Tapes
Protective Mailers

- Market Segmentation by End-user Type

Food & Beverage
Retail
Electrical & Electronics
Industrial Goods
Others

Transit Packaging Market - Geography

In terms of geography, the global transit packaging market is classified into APAC, Europe, North America, Latin America, and MEA. The EU directives regulating the norms in the packaging industry in Europe will lead to the introduction of sustainable and reusable package practices in the global market.

Market Size & Forecast | 2018–2024

Revenues
Product Type
End-users
Leading Countries

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- Market Segmentation by Geography

APAC
Europe
North America
Latin America
MEA

- Key Countries Profiled in the Report

China
Japan
India
Germany
France
UK
US
Canada
Brazil
Mexico
Argentina
Saudi Arabia
UAE
South Africa

Major Vendors in the global market:

Mondi
Smurfit Kappa
DS Smith
Greif
Sonoco Products Company

Other prominent vendors include Automated Packaging Co., Belmont Packaging, BillerudKorsnäs, Cardboard Box Company, Cascades, Cellofoam North America, De Jong Verpakking, Elopak AS, Eltete TPM, Georgia-Pacific, GWP, Huhtamaki, International Paper Co, iVEX, Macfarlane Group, Mecmesin, Nefab AB, Nicklin Transit Packaging, NNZ, Packaging Corporation of America, Papier-Mettler KG, Pratt Industries, Pregis, Protective Packaging Solutions, Sealed Air, Smithpack, STI Group, Universal Protective Packaging, Weedon Corrugated Products, and WestRock.

Explore our Packaging vertical to know more about the industry.

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About Arizton:

Arizton – Advisory and Intelligence is a premium and innovation-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

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SOURCE Arizton Advisory & Intelligence