Transit Packaging - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Transit Packaging Market is growing at a CAGR of 7.3% during 2019 to 2027. Rise in the trade activities and increasing demand from several end-user industries, such as construction, automotive, etc. are some of the elements fueling the market growth. However, certain manufacturing domains are undergoing expansion struggles which are negatively impacting to the growth of the market.
Transit packaging is the import and export of goods; need a higher level of care and meticulousness, which further needs effective and efficient packaging solutions related to transit.
Based on the end user, the food and beverage segment is estimated to have a lucrative growth due to demanding successful and well-organized transit packaging solutions, due to the improved production of horticulture items. These factors are contributing to the development of this market.
By geography, Europe is likely to have a huge demand due to robust construction activities across different industries in Europe have resulted into huge implementation of transit packaging solutions, with food & beverage existing as the largest application area. Other factors together with industrialization, surging international trade, and urbanization will further drive demand for this market in Europe.
Some of the key players profiled in the Transit Packaging Market include Mondi, Smurfit Kappa, Greif, DS Smith, Sonoco Products Company, Belmont Packaging, Georgia-Pacific, GWP, BillerudKorsns, Cardboard Box Company, Cascades, Cellofoam North America, De Jong Verpakking, Elopak AS and Eltete TPM.
Material Types Covered:
• Polyvinyl Chloride (PVC)
• Polyethylene Terephthalate
• Ethylene Vinyl Alcohol
• Paper & Paperboard
Packaging Types Covered:
• Corrugated Boxes
• Intermediate Bulk Containers
• Other Packaging Type
End Users Covered:
• Electrical Industry
• Food & Beverage
• Industrial Goods
• Consumer Goods
• Third-party Logistics
• Industrial Machinery and Equipment
• Building and Construction
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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 2018, 2019, 2020, 2024 and 2027
- 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
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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
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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