The moving supplies market is anticipated to register a CAGR of 4.4% through 2033. The moving supplies market is predicted to expand from USD 680.27 billion in 2023 to USD 1,048.80 billion in 2033. Previously, the market moved forward at a 2.2% CAGR from 2018 to 2022, culminating in a market share of USD 637.32 billion in 2022.
The global moving supplies market is expected to be driven by population migration in emerging economies. Various moving boxes are available in many sizes that meet the packaging needs of consumers. Household items as well as personal belongings such as laptops, televisions, beds, clothes, and kitchen appliances can be conveniently packed and transported from one place to another.
The use of space could be efficiently utilized, by developing customizable boxing options which could lead to few airborne particles being transported, and many products being shipped in one load. This plunges the GHG emissions generated from excess transportation. This system-wide optimization can be achieved through open communication between brands, suppliers, manufacturers, and distributors, which lowers distribution costs as well.
Packaging materials in the global market are classified by product into bottles & cans, containers & jars, bags, pouches, and wraps, closures & lids, boxes & crates, drums & intermediate bulk containers (IBCs), and other packaging structures, such as bins, trays, etc. Bottles & cans currently represent a significant segment of the market.
The food industry is the predominant end-user of moving supplies. Soaring packaged food demand is forecasted to be at the core of the food industry’s expansion. Frozen and raw meat products, dairy products, and seafood are some of the top food products purchased in packaged formats.
The demand for packaged food commenced way before the COVID-19 outbreak. However, the multiplication of this virus has been instrumental in the exploding demand for packaged food. Manufacturers have previously focused on practical moving supplies to scale up the adoption rate. However, currently, manufacturers are also accommodating the sustainability goals of their customers in their latest solutions.
Mondi’s commendable efforts to help its clients accomplish their sustainability goals are a good example of the latest trends being followed by competitive manufacturers. In July 2023, Aromsa, a Turkish flavor firm, collaborated with Mondi to do away with stainless-steel containers for their new customer.
Mondi offered to develop a lightweight and durable alternative by the name of TankerBox. This solution is composed of renewable resources, which boosts shipping costs, simplifies transportation, and discards container maintenance.
Moving supplies are expected to become increasingly popular in the country as the United States' lifestyle becomes urban and consumers' eating patterns change. Additionally, the growing preference among consumers for processed, ready-to-eat food is expected to contribute to the growth of the moving supplies industry across the region. Further, consumers prefer the consumption of processed, ready-to-eat food items, which is expected to spur the demand for moving supplies in the region.
Europe is expected to be responsible for more than 20% of the global moving supplies market. As a result of the mature food, beverage, and household products markets in these countries, Russia, Germany, France, and the United Kingdom are expected to lead Europe’s industry.
Eastern countries in Europe are expected to have a small share of the market than the other developed countries in the region. Nevertheless, their growth rates are expected to be high due to the great market penetration of the moving supplies industry.
| Attributes | Details |
|---|---|
| Moving Supplies Market CAGR (2023 to 2033) | 4.4% |
| Moving Supplies Market Size (2023) | USD 680.27 billion |
| Moving Supplies Market Size (2033) | USD 1,048.80 billion |
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The global moving supplies market is expected to be driven by population migration in emerging economies. In the e-commerce industry, customers find a wide range of options and also the convenience of shopping from home, which is leading many people to shop online.
The moving supplies industry is one of the significantly growing industries around the globe. To protect their products from damage during transport, giant e-commerce companies like Amazon, Alibaba, and Flipkart use protective packaging. Many sizes and shapes of moving boxes are available to suit the packaging needs of homeowners.
Moving boxes can be easily packed and transported to another place, especially for household items like TV, computer, clothes, beds, kitchen wares, etc. Various options available are driving the future of the moving supplies market.
The paper and cardboard industry supports the moving supplies industry growth by providing raw materials for the packaging industry since the global production of paper and cardboard exceeds 400 million metric tons every year and is forecasted to nearly double at the end of the forecast period.
Online retailers are expected to increasingly adopt product-specific moving boxes to protect items from mechanical stress over the forecast period, driving the growth of the moving supplies industry.
A lack of customizable boxing options can result in overpacking and inefficient use of space that can result in unnecessary air being transported. By using efficient box container capacity, many products can be shipped in a single load, thereby reducing greenhouse gas emissions from unnecessary excess transportation and weight.
System-wide optimizations can be achieved through open communication between brands, suppliers, manufacturers, and distributors, which is also expected to lower transportation costs. Further, increasing government regulations are hampering the growth of the moving supplies industry.
Protective packaging optimization requires more than volume and weight. Reliable sourcing, recycling, and compostability, at the end of life are critical sustainability factors. Responsibly-sourced renewable resources and recycled materials provide examples of materials with beneficial sourcing characteristics.
The most sustainable packaging is reusable, recyclable (with access to the collection and an end market), or compostable (where composting facilities are available). Plastic packaging waste can be very harmful to the environment because they are unbiodegradable. To address this issue, governments around the world are imposing stringent laws and regulations requiring the packaging industry to abide by them. For example,
The European Green Deal launched in December and outlines a plan for zero net greenhouse gas emissions by 2050, with a focus on promoting economic growth and not excluding resource usage.
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The construction industry and the industrialization industry are expanding at a significant rate in developing countries, providing opportunities in the moving supplies market. Due to this trend, construction and chemical items are experiencing an increase in demand.
International trade is increasing to keep up with this demand. The global moving supplies industry has been driven by technological advancements, which have lowered transportation costs, as well as great trade and capital market liberalization, which has increased export and import activity.
Globalization is further increasing the number of companies exporting their products to other nations, which is fuelling demand for moving supplies to protect the items being shipped. As companies in the packaging market contend with the macroeconomic environment and the growing need to develop economically sustainable packaging, their main concern is how to develop economically sustainable packages.
Strong demand has been created for moving supplies such as foils, pouches, and cling wraps with recent developments in the packaging industry. But striking the right balance between functionality and aesthetics represents a key challenge for players in the moving supplies market.
As the packaging industry comes up with innovative packages aimed at attracting many customers to boost sales, they are also focusing on developing new solutions that are expected to meet the requirement for durability and functionality.
Household products are a key end-user segment expected to gain by more than 4.5% CAGR through 2033. Also, the increasing demand for household cleaners, detergents, and other sanitary products is expected to support this market segment.
Advertising and numerous marketing strategies are also expected to boost the moving supplies industry. The food industry represented a large segment by revenue. Further, growing demand for packaged food across all regions is expected to augment this segment. Additionally, the rising popularity of frozen and raw meat products, dairy products, and seafood are also expected to contribute to the segment's growth.
Packaging materials are segmented based on product into bottles and cans, containers & jars, bags, pouches, and wraps, closures & lids, boxes & crates, drums & intermediate bulk containers, and other packaging structures such as bins, trays, etc. Bottles & cans are a leading segment, accounting for a prominent market share in 2023.
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The global moving supplies industry is examined for market trends and insights by country, product type, packaging technique, and end-user industries.
North America has a mature moving supplies industry. The increasingly urban lifestyle in the United States, along with changes in consumption patterns, is expected to fuel the demand for moving supplies in the country. Consumers are showing increasing preference for processed, ready-to-eat food items, thus stimulating the market for moving supplies in the region.
North America’s market growth is influenced by a high volume of international and regional trade. Also, an increase in exports from the United States to other regions around the world is expected to contribute to the growth of the moving supplies s market.
Europe is expected to be responsible for more than 20% of the global moving supplies industry through 2033. Within Europe, Russia, Germany, France, and the United Kingdom are expected to lead the sector due to the mature food, beverage, and household products market in these countries.
Eastern European countries are expected to hold a low share of the industry than other developed countries in the region. They are also forecasted to achieve high growth rates owing to the high market penetration potential of the moving supplies industry there.
Moving supplies are manufactured and marketed by Mondi Group Plc, DS Smith Packaging Limited, Oji Holdings Corporation, Smurfit Kappa Group Plc, International Paper Company, WestRock Company, Georgia Pacific Packaging LLC, Pratt Industries, Inc., Tat Seng Packaging Group, VPK Packaging Group NV, STORA ENSO OYJ, Nelson Container Corporation, Great Little Box Company Ltd., and Acme Corrugated Box Co. Inc.
The global market is highly fragmented and competitive even though there are a lot of residential & commercial moving supplies providers. Moving supplies industry opportunities are driven by various marketing strategies adopted by key players, including mergers and acquisitions, expansions, collaborations, and partnerships.
Companies have implemented a variety of growth strategies to strengthen their market position. In addition, they are using expansion, new product development, mergers and acquisitions, and collaboration as crucial growth strategies. These strategies are helping them to improve their product portfolios and geographical presence to meet the rising demand for protective moving supplies from emerging economies.
New product development is also adopted by leading companies to increase their market share among consumers. It is these strategies that have led to the development of the moving supplies industry.
| Company Name | Mondi |
|---|---|
| Nature of Development | Delivering Eco-friendly eCommerce Packaging Products for MODIVO SA |
| Key Particulars About the Event | In November 2022, Mondi united with Europe’s prominent fashion e-retailers to provide green eCommerce packaging solutions. The company empowered MODIVO to shift from standard rigid packaging to distributing the entire collection of bags, shoes, and clothes. |
| Company Name | Mondi |
|---|---|
| Nature of Development | Expansion into Sustainable Packaging |
| Key Particulars About the Event | In June 2022, Mondi stretched its capacity to offer sustainable packaging solutions for fresh produce. The firm developed effective packaging products to retain the freshness of the produce from farm to shelf. |
| Company Name | DS Smith Packaging Limited |
|---|---|
| Nature of Development | DS Smith Debuts DD Wrap, a Shelf-ready Packaging |
| Key Particulars About the Event | In June 2023, DS Smith premiered its novel eco-friendly shelf-ready packaging solution called DD Wrap. DD Wrap causes minimal waste and optimizes the resources deployed for product design, thus reinforcing its circular economy efforts. |
| Company Name | Mondi |
|---|---|
| Nature of Development | Installation of a New Production Line |
| Key Particulars About the Event | In September 2021, a new production line was installed at Mondi’s Szczecin, Poland production plant. As a result of this expansion, the packaging portfolio of this company might grow as well as the production process will be streamlined. In addition to this expansion, this company is endeavoring to establish itself as a top provider of e-commerce packaging in the significantly expanding Europe market. |
| Company Name | Smurfit Kappa Group Plc |
|---|---|
| Nature of Development | Smurfit Kappa Launches Cutting Edge Design2Market Factory |
| Key Particulars About the Event | In February 2022, Smurfit Kappa finished off its investment in its latest Design2Market Factory. It is a distinct unit that endeavors to quicken the development process, right from packaging design to market launch. The factory is competitively positioned to leverage the present trends like eCommerce and sustainability. |
| Company Name | Georgia Pacific LLC |
|---|---|
| Nature of Development | Acquisition to Increase its Offerings of Digital Corrugated Packaging Solutions |
| Key Particulars About the Event | In January 2021, Georgia Pacific LLC expanded its Hummingbird digital print solution with the acquisition of the Hewlett Packard PageWide T1190 press to produce the world's highest volume of digital corrugated packaging solutions. |
The moving supplies market size is valued at USD 680.27 billion in 2023.
The moving supplies market developed at a 2.2% CAGR from 2018 to 2022.
The moving supplies market is predicted to develop at 4.4% CAGR through 2033.
The household product segment will lead the moving supplies market with more than 4.5% CAGR through 2033.
Europe will acquire over 20% of the moving supplies market share by 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Packing Supplies 5.2. Moving Supplies 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-use 6.1. Residential 6.2. Commercial 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Price Range 7.1. Mass 7.2. Premium 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 8.1. Hypermarkets/Supermarkets 8.2. Specialty Stores 8.3. Independent Departmental Stores 8.4. Convenience Stores 8.5. Online Retailers 8.6. Other Sales Channel 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Foncepi Comercial Exportadora Ltda 19.2. Mondi Group Plc 19.3. DS Smith Packaging Limited 19.4. Oji Holdings Corporation 19.5. Smurfit Kappa Group Plc 19.6. International Paper Company 19.7. WestRock Company 19.8. Georgia Pacific Packaging LLC 19.9. Pratt Industries, Inc. 19.10. Tat Seng Packaging Group 19.11. VPK Packaging Group nv 19.12. STORA ENSO OYJ 19.13. Nelson Container Corporation 19.14. Great Little Box Company Ltd. 19.15. Acme Corrugated Box Co. Inc. 20. Assumptions & Acronyms Used 21. Research Methodology
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Moving Supplies Market
