Automotive Parts Packaging
Automotive Parts Packaging Market Forecasts to 2030 - Global Analysis By Product Type (Plastic Containers, Pallets, Crates, Trays, Corrugated Boxes, Stretch Wrap and Other Product Types), Component Type, Packaging Type and By Geography
According to Stratistics MRC, the Global Automotive Parts Packaging Market is accounted for $6.6 billion in 2023 and is expected to reach $10.1 billion by 2030 growing at a CAGR of 6.2% during the forecast period. Automotive parts packaging refers to the materials and methods used to protect, transport, and present various components and parts used in the automotive industry. This type of packaging plays a crucial role in ensuring that automotive parts reach their destination in optimal condition, free from damage or contamination. The packaging is designed to meet specific requirements based on the nature of the automotive parts, transportation conditions, and industry standards.
According to The Observatory of Economic Complexity (OEC), vehicle parts and accessories were the world's fourth most traded products, with total trade of US$ 414.0 Bn, in 2018.
Market Dynamics:
Driver:
Increasing automotive production
As the automotive industry experiences robust growth, the need for efficient packaging solutions for various components has intensified. Manufacturers are focusing on innovative packaging designs to ensure the safety and integrity of automotive parts during transportation and storage. This increased production in the automotive sector is driving the expansion of the automotive parts packaging market, with a growing emphasis on sustainable and cost-effective packaging solutions to meet the escalating demand for high-quality components.
Restraint:
Environmental concerns
The industry must prioritize sustainable packaging solutions to minimize its ecological footprint. Adopting eco-friendly materials, reducing packaging waste, and implementing recycling initiatives are crucial steps for addressing environmental challenges in the automotive parts packaging sector, ensuring a more responsible and environmentally conscious approach to packaging practices. The market faces environmental concerns due to the extensive use of non-biodegradable materials, contributing to waste and pollution.
Opportunity:
Increasing demand for protective packaging
With a growing emphasis on ensuring the safe transport and storage of delicate automotive components, the need for robust protective packaging has intensified. Manufacturers are increasingly recognizing the importance of safeguarding parts from damage during transit, thereby boosting the adoption of advanced protective packaging materials and technologies. This trend is driven by a heightened focus on quality assurance, cost-effectiveness, and customer satisfaction within the automotive supply chain.
Threat:
Rise in raw material costs
The market is grappling with a significant surge in raw material costs, impacting production costs and supply chain dynamics. The price escalation, attributed to factors such as increased demand, supply chain disruptions, and geopolitical influences, is impacting the production costs of packaging materials. This rise in raw material expenses is prompting industry players to reassess pricing strategies and explore alternative materials to mitigate the financial impact and ensure sustainability in the face of evolving market dynamics.
Covid-19 Impact:
The COVID-19 pandemic has significantly impacted the market as it caused disruptions in global supply chains, manufacturing slowdowns, and fluctuations in consumer demand. Lockdowns and restrictions led to production halts and delayed deliveries, affecting the packaging industry. The increased focus on hygiene and safety measures further influenced packaging requirements. Overall, the pandemic prompted shifts in the automotive parts packaging sector, emphasizing resilience and flexibility in the face of unforeseen disruptions.
The pallets segment is expected to be the largest during the forecast period
The pallets segment is expected to be the largest during the forecast period. In the market, pallets play a crucial role in ensuring efficient and secure transportation of components. These sturdy platforms facilitate organized storage and transportation of various auto parts, enhancing supply chain management. Their versatility and durability make them indispensable in optimizing the packaging and distribution processes within the automotive industry.
The disposable segment is expected to have the highest CAGR during the forecast period
The disposable segment is expected to have the highest CAGR during the forecast period. Manufacturers increasingly favour disposable materials for their cost-effectiveness, ease of handling, and environmental considerations. As sustainability becomes a key focus in the automotive industry, the shift towards disposable packaging aligns with the growing emphasis on eco-friendly practices. This trend reflects a broader industry commitment to reducing waste and optimizing logistics in the automotive parts packaging sector.
Region with largest share:
North America is projected to hold the largest market share during the forecast period due to the region's thriving automotive industry. Increasing vehicle production and a growing demand for aftermarket components are driving the need for efficient and protective packaging solutions. Additionally, sustainability considerations and regulatory requirements are influencing packaging choices in the automotive sector, further shaping the dynamics of the market.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period. With increased manufacturing and demand for automotive components, there is a parallel surge in the need for efficient and protective packaging solutions. As automotive production continues to thrive, the demand for innovative and sustainable packaging solutions is expected to further propel the growth of the automotive parts packaging market in the region.
Key players in the market
Some of the key players in Automotive Parts Packaging market include Packaging Corporation of America, DS Smith, Smurfit Kappa Group, Pelican Products, Inc., Sonoco Products Company, Mondi Group, Huhtamaki Oyj, WestRock Company, Amcor Plc., Nefab AB, International Paper Company, Victory Packaging Company, Interobal, k.s., UFP Technologies, Inc., Sealed Air Corporationm, KNAUF Industries and JIT Packaging.
Key Developments:
In August 2023, Nefab AB, a Sweden-based industrial packaging and logistics services provider, leased 11,000m² of industrial and warehouse space to open a new manufacturing facility and branch in Gdańsk, Poland.
In February 2022, Smurfit Kappa invested extensive money in its brand-new Design2Market Factory. This cutting-edge facility enables rapid and smooth development from package design to market launch.
Product Types Covered:
• Plastic Containers
• Pallets
• Crates
• Trays
• Corrugated Boxes
• Stretch Wrap
• Other Product Types
Component Types Covered:
• Underbody Components
• Engine Components
• Lighting Components
• Electrical Components
• Other Component Types
Packaging Types Covered:
• Disposable
• Reusable
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automotive Parts Packaging Market, By Product Type
5.1 Introduction
5.2 Plastic Containers
5.3 Pallets
5.4 Crates
5.5 Trays
5.6 Corrugated Boxes
5.7 Stretch Wrap
5.8 Other Product Types
6 Global Automotive Parts Packaging Market, By Component Type
6.1 Introduction
6.2 Underbody Components
6.3 Engine Components
6.4 Lighting Components
6.5 Electrical Components
6.6 Other Component Types
7 Global Automotive Parts Packaging Market, By Packaging Type
7.1 Introduction
7.2 Disposable
7.3 Reusable
8 Global Automotive Parts Packaging Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Packaging Corporation of America
10.2 DS Smith
10.3 Smurfit Kappa Group
10.4 Pelican Products, Inc.
10.5 Sonoco Products Company
10.6 Mondi Group
10.7 Huhtamaki Oyj
10.8 WestRock Company
10.9 Amcor Plc.
10.10 Nefab AB
10.11 International Paper Company
10.12 Victory Packaging Company
10.13 Interobal, k.s.
10.14 UFP Technologies, Inc.
10.15 Sealed Air Corporation
10.16 KNAUF Industries
10.17 JIT Packaging
List of Tables
1 Global Automotive Parts Packaging Market Outlook, By Region (2021-2030) ($MN)
2 Global Automotive Parts Packaging Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Automotive Parts Packaging Market Outlook, By Plastic Containers (2021-2030) ($MN)
4 Global Automotive Parts Packaging Market Outlook, By Pallets (2021-2030) ($MN)
5 Global Automotive Parts Packaging Market Outlook, By Crates (2021-2030) ($MN)
6 Global Automotive Parts Packaging Market Outlook, By Trays (2021-2030) ($MN)
7 Global Automotive Parts Packaging Market Outlook, By Corrugated Boxes (2021-2030) ($MN)
8 Global Automotive Parts Packaging Market Outlook, By Stretch Wrap (2021-2030) ($MN)
9 Global Automotive Parts Packaging Market Outlook, By Other Product Types (2021-2030) ($MN)
10 Global Automotive Parts Packaging Market Outlook, By Component Type (2021-2030) ($MN)
11 Global Automotive Parts Packaging Market Outlook, By Underbody Components (2021-2030) ($MN)
12 Global Automotive Parts Packaging Market Outlook, By Engine Components (2021-2030) ($MN)
13 Global Automotive Parts Packaging Market Outlook, By Lighting Components (2021-2030) ($MN)
14 Global Automotive Parts Packaging Market Outlook, By Electrical Components (2021-2030) ($MN)
15 Global Automotive Parts Packaging Market Outlook, By Other Component Types (2021-2030) ($MN)
16 Global Automotive Parts Packaging Market Outlook, By Packaging Type (2021-2030) ($MN)
17 Global Automotive Parts Packaging Market Outlook, By Disposable (2021-2030) ($MN)
18 Global Automotive Parts Packaging Market Outlook, By Reusable (2021-2030) ($MN)
19 North America Automotive Parts Packaging Market Outlook, By Country (2021-2030) ($MN)
20 North America Automotive Parts Packaging Market Outlook, By Product Type (2021-2030) ($MN)
21 North America Automotive Parts Packaging Market Outlook, By Plastic Containers (2021-2030) ($MN)
22 North America Automotive Parts Packaging Market Outlook, By Pallets (2021-2030) ($MN)
23 North America Automotive Parts Packaging Market Outlook, By Crates (2021-2030) ($MN)
24 North America Automotive Parts Packaging Market Outlook, By Trays (2021-2030) ($MN)
25 North America Automotive Parts Packaging Market Outlook, By Corrugated Boxes (2021-2030) ($MN)
26 North America Automotive Parts Packaging Market Outlook, By Stretch Wrap (2021-2030) ($MN)
27 North America Automotive Parts Packaging Market Outlook, By Other Product Types (2021-2030) ($MN)
28 North America Automotive Parts Packaging Market Outlook, By Component Type (2021-2030) ($MN)
29 North America Automotive Parts Packaging Market Outlook, By Underbody Components (2021-2030) ($MN)
30 North America Automotive Parts Packaging Market Outlook, By Engine Components (2021-2030) ($MN)
31 North America Automotive Parts Packaging Market Outlook, By Lighting Components (2021-2030) ($MN)
32 North America Automotive Parts Packaging Market Outlook, By Electrical Components (2021-2030) ($MN)
33 North America Automotive Parts Packaging Market Outlook, By Other Component Types (2021-2030) ($MN)
34 North America Automotive Parts Packaging Market Outlook, By Packaging Type (2021-2030) ($MN)
35 North America Automotive Parts Packaging Market Outlook, By Disposable (2021-2030) ($MN)
36 North America Automotive Parts Packaging Market Outlook, By Reusable (2021-2030) ($MN)
37 Europe Automotive Parts Packaging Market Outlook, By Country (2021-2030) ($MN)
38 Europe Automotive Parts Packaging Market Outlook, By Product Type (2021-2030) ($MN)
39 Europe Automotive Parts Packaging Market Outlook, By Plastic Containers (2021-2030) ($MN)
40 Europe Automotive Parts Packaging Market Outlook, By Pallets (2021-2030) ($MN)
41 Europe Automotive Parts Packaging Market Outlook, By Crates (2021-2030) ($MN)
42 Europe Automotive Parts Packaging Market Outlook, By Trays (2021-2030) ($MN)
43 Europe Automotive Parts Packaging Market Outlook, By Corrugated Boxes (2021-2030) ($MN)
44 Europe Automotive Parts Packaging Market Outlook, By Stretch Wrap (2021-2030) ($MN)
45 Europe Automotive Parts Packaging Market Outlook, By Other Product Types (2021-2030) ($MN)
46 Europe Automotive Parts Packaging Market Outlook, By Component Type (2021-2030) ($MN)
47 Europe Automotive Parts Packaging Market Outlook, By Underbody Components (2021-2030) ($MN)
48 Europe Automotive Parts Packaging Market Outlook, By Engine Components (2021-2030) ($MN)
49 Europe Automotive Parts Packaging Market Outlook, By Lighting Components (2021-2030) ($MN)
50 Europe Automotive Parts Packaging Market Outlook, By Electrical Components (2021-2030) ($MN)
51 Europe Automotive Parts Packaging Market Outlook, By Other Component Types (2021-2030) ($MN)
52 Europe Automotive Parts Packaging Market Outlook, By Packaging Type (2021-2030) ($MN)
53 Europe Automotive Parts Packaging Market Outlook, By Disposable (2021-2030) ($MN)
54 Europe Automotive Parts Packaging Market Outlook, By Reusable (2021-2030) ($MN)
55 Asia Pacific Automotive Parts Packaging Market Outlook, By Country (2021-2030) ($MN)
56 Asia Pacific Automotive Parts Packaging Market Outlook, By Product Type (2021-2030) ($MN)
57 Asia Pacific Automotive Parts Packaging Market Outlook, By Plastic Containers (2021-2030) ($MN)
58 Asia Pacific Automotive Parts Packaging Market Outlook, By Pallets (2021-2030) ($MN)
59 Asia Pacific Automotive Parts Packaging Market Outlook, By Crates (2021-2030) ($MN)
60 Asia Pacific Automotive Parts Packaging Market Outlook, By Trays (2021-2030) ($MN)
61 Asia Pacific Automotive Parts Packaging Market Outlook, By Corrugated Boxes (2021-2030) ($MN)
62 Asia Pacific Automotive Parts Packaging Market Outlook, By Stretch Wrap (2021-2030) ($MN)
63 Asia Pacific Automotive Parts Packaging Market Outlook, By Other Product Types (2021-2030) ($MN)
64 Asia Pacific Automotive Parts Packaging Market Outlook, By Component Type (2021-2030) ($MN)
65 Asia Pacific Automotive Parts Packaging Market Outlook, By Underbody Components (2021-2030) ($MN)
66 Asia Pacific Automotive Parts Packaging Market Outlook, By Engine Components (2021-2030) ($MN)
67 Asia Pacific Automotive Parts Packaging Market Outlook, By Lighting Components (2021-2030) ($MN)
68 Asia Pacific Automotive Parts Packaging Market Outlook, By Electrical Components (2021-2030) ($MN)
69 Asia Pacific Automotive Parts Packaging Market Outlook, By Other Component Types (2021-2030) ($MN)
70 Asia Pacific Automotive Parts Packaging Market Outlook, By Packaging Type (2021-2030) ($MN)
71 Asia Pacific Automotive Parts Packaging Market Outlook, By Disposable (2021-2030) ($MN)
72 Asia Pacific Automotive Parts Packaging Market Outlook, By Reusable (2021-2030) ($MN)
73 South America Automotive Parts Packaging Market Outlook, By Country (2021-2030) ($MN)
74 South America Automotive Parts Packaging Market Outlook, By Product Type (2021-2030) ($MN)
75 South America Automotive Parts Packaging Market Outlook, By Plastic Containers (2021-2030) ($MN)
76 South America Automotive Parts Packaging Market Outlook, By Pallets (2021-2030) ($MN)
77 South America Automotive Parts Packaging Market Outlook, By Crates (2021-2030) ($MN)
78 South America Automotive Parts Packaging Market Outlook, By Trays (2021-2030) ($MN)
79 South America Automotive Parts Packaging Market Outlook, By Corrugated Boxes (2021-2030) ($MN)
80 South America Automotive Parts Packaging Market Outlook, By Stretch Wrap (2021-2030) ($MN)
81 South America Automotive Parts Packaging Market Outlook, By Other Product Types (2021-2030) ($MN)
82 South America Automotive Parts Packaging Market Outlook, By Component Type (2021-2030) ($MN)
83 South America Automotive Parts Packaging Market Outlook, By Underbody Components (2021-2030) ($MN)
84 South America Automotive Parts Packaging Market Outlook, By Engine Components (2021-2030) ($MN)
85 South America Automotive Parts Packaging Market Outlook, By Lighting Components (2021-2030) ($MN)
86 South America Automotive Parts Packaging Market Outlook, By Electrical Components (2021-2030) ($MN)
87 South America Automotive Parts Packaging Market Outlook, By Other Component Types (2021-2030) ($MN)
88 South America Automotive Parts Packaging Market Outlook, By Packaging Type (2021-2030) ($MN)
89 South America Automotive Parts Packaging Market Outlook, By Disposable (2021-2030) ($MN)
90 South America Automotive Parts Packaging Market Outlook, By Reusable (2021-2030) ($MN)
91 Middle East & Africa Automotive Parts Packaging Market Outlook, By Country (2021-2030) ($MN)
92 Middle East & Africa Automotive Parts Packaging Market Outlook, By Product Type (2021-2030) ($MN)
93 Middle East & Africa Automotive Parts Packaging Market Outlook, By Plastic Containers (2021-2030) ($MN)
94 Middle East & Africa Automotive Parts Packaging Market Outlook, By Pallets (2021-2030) ($MN)
95 Middle East & Africa Automotive Parts Packaging Market Outlook, By Crates (2021-2030) ($MN)
96 Middle East & Africa Automotive Parts Packaging Market Outlook, By Trays (2021-2030) ($MN)
97 Middle East & Africa Automotive Parts Packaging Market Outlook, By Corrugated Boxes (2021-2030) ($MN)
98 Middle East & Africa Automotive Parts Packaging Market Outlook, By Stretch Wrap (2021-2030) ($MN)
99 Middle East & Africa Automotive Parts Packaging Market Outlook, By Other Product Types (2021-2030) ($MN)
100 Middle East & Africa Automotive Parts Packaging Market Outlook, By Component Type (2021-2030) ($MN)
101 Middle East & Africa Automotive Parts Packaging Market Outlook, By Underbody Components (2021-2030) ($MN)
102 Middle East & Africa Automotive Parts Packaging Market Outlook, By Engine Components (2021-2030) ($MN)
103 Middle East & Africa Automotive Parts Packaging Market Outlook, By Lighting Components (2021-2030) ($MN)
104 Middle East & Africa Automotive Parts Packaging Market Outlook, By Electrical Components (2021-2030) ($MN)
105 Middle East & Africa Automotive Parts Packaging Market Outlook, By Other Component Types (2021-2030) ($MN)
106 Middle East & Africa Automotive Parts Packaging Market Outlook, By Packaging Type (2021-2030) ($MN)
107 Middle East & Africa Automotive Parts Packaging Market Outlook, By Disposable (2021-2030) ($MN)
108 Middle East & Africa Automotive Parts Packaging Market Outlook, By Reusable (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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