The global shipping supply market value in 2024 is estimated to be around USD 101.2 billion. The demand for shipping supplies is predicted to grow at a CAGR of 3.7% from 2024 to 2034. The overall industry value is expected to reach around USD 145.5 billion by 2034.
Shipping Supply Market Trends & Analysis
| Report Attribute | Details |
|---|---|
| Shipping Supply Market Revenue (2024) | USD 101.2 billion |
| Anticipated Market Value (2034) | USD 145.5 billion |
| Value-based CAGR (2024 to 2034) | 3.7% |
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The global shipping supply market was valued at USD 89.4 billion in 2019. It expanded at a CAGR of 2.1% from 2019 to 2023. The market reached USD 97.2 billion by 2023.
| Attributes | Details |
|---|---|
| Historical Market Size (2019) | USD 89.4 billion |
| Market Size (2023) | USD 97.2 billion |
| HCAGR (2019 to 2023) | 2.1% |
As more consumers opted for online shopping during 2020 and 2021, there was a significant increase in parcel packaging and mailing supplies. This fateful behavioral change in the consumer side led to the strengthening of logistics packaging trends that are expected to drive the market in the future as well.
Currently, packaging materials like corrugated boxes and cardboard boxes that are recyclable, biodegradable, and reusable are in a position to carve out a market niche. So, shipping and packing products suppliers are reorienting their supply chains to take advantage of sustainable packaging trends by using environmentally friendly packaging materials.
To improve customer experience and brand awareness, shipping service providers are looking for custom-made packaging solutions that are branded or easily printable. The sheer complexity of present-day supply chains due to globalization also necessitates greater marking and branding of cargo packaging solutions for easy sorting.
Market players that provided shipping supplies for pharmaceutical industries became essential during the pandemic years and reshaped the packaging materials industry outlook. Many shipping supply businesses that catered to different commercial sectors started concentrating on medicine and vaccine supplies only.
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The list below presents a brief overview of how shipping supply industries in different geographical locations are going to perform in the coming days. The overall market size in developed economies like the United States and the United Kingdom is poised to remain higher. Meanwhile, emerging markets like India and China are anticipated to present more lucrative growth opportunities in the region.
| Countries | CAGR (2024 to 2034) |
|---|---|
| United States | 2.5% |
| United Kingdom | 3.8% |
| China | 5.7% |
| India | 6.4% |
The United States shipping supply market is projected to rise at a CAGR of 2.5% from 2024 to 2034.
The use of modern and effective transportation methods, such as logistics vehicles with GPS trackers, has also transformed the market in the United States. So, a greater share of the shipping supply business has been concentrated in the hands of a few market players with higher capital.
The demand for shipping supplies in the United Kingdom is poised to advance at a 3.8% CAGR during the forecast period.
Logistics companies in the United Kingdom are always more concerned regarding the safe delivery of cargo making packaging and shipping crucial for the industrial economy. There is a great demand for packaging solutions in the country that are safe, robust, and adhere to international shipping regulations.
Demand for shipping supplies is higher in China than in other Asian countries, and the market is expected to progress at a 5.7% CAGR through 2034.
The logistics and shipping industry has seen tremendous growth in China due to the weakening of laws to encourage import, export, and trade across the country. Furthermore, as cross-border eCommerce is growing fast in China, shipping supply companies have more opportunities to meet the special packing and shipping requirements of export companies.
The demand for shipping supplies in India is estimated to rise at a CAGR of 6.4% over the next ten years.
As direct-to-consumer services have grown in popularity, more small and medium-sized companies have joined the market in India in recent years. In addition, the development of small-scale industries in several tier II and tier III cities has indirectly increased the demand for shipping supplies for the packaging of merchandise.
The paper segment is estimated to constitute 43.6% of the market by material in 2024.
| Attributes | Details |
|---|---|
| Top Material Type | Paper |
| Market Share in 2024 | 43.6% |
Most companies prefer shipping products that are both affordable and dependable, resulting in higher use of paper materials by shipping supply service providers. Moreover, corrugated paper boxes and cardboard boxes made of paper are in line with the global shift toward a sustainable shipping and logistics sector.
The demand for packaging bags is expected to hold a total market share of 21.3% in 2024.
| Attributes | Details |
|---|---|
| Top Packaging Format Type | Bags |
| Market Share in 2024 | 21.3% |
As last-mile delivery services have grown, logistics companies are preferring lightweight and compact packing solutions like shipping bags and mailers. Durability, custom compliance, and protection during long-distance transit are highly desirable in the present-day shipping supply market. This is contributing to the segment’s growth.
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Many big and small shipping supply service providers are present in the global landscape, and the intense competition is orchestrating cargo packaging market developments further. The responsibility of market players has stretched out to designing shipping equipment as per traveling conditions and protecting the cargo while they are in transit. Leading market players have also improved their brand visibility and control by focusing on innovations like temperature-controlled packaging, smart packaging, and track-and-trace technology.
Recent Developments in the Global Shipping Supply Market
| Attribute | Details |
|---|---|
| Estimated Market Size (2024) | USD 101.2 billion |
| Projected Market Size (2034) | USD 145.5 billion |
| CAGR (2024 to 2034) | 3.7% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | USD million or billion for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; Middle East & Africa (MEA); East Asia; South Asia and Oceania |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
| Key Segments Covered | By Product Type, By Material Type, By End User Verticals and By Region |
| Key Companies Profiled | Uline, Inc.; International Plastics Inc.; Stamar Packaging; UWAY Packaging Supplies.; Ferguson Box Company; Volk Packaging Corporation; Western Container Corporation; Great Little Box Company Ltd.; Liaoning Hengyue Printing and Packaging Co., Ltd.; Dahua Brother Enterprise Co., Ltd. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global shipping supply market is set to grow at a CAGR of 3.7% during the forecast period.
The global shipping supply market is predicted to be valued at USD 145.5 billion by 2034.
The global shipping supply market was valued at USD 97.2 billion in 2023.
Uline, Stamar, and UWAY are a few of the leading shipping supply manufacturers.
The market in India is predicted to witness a CAGR of 6.4% through 2034.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material 5.1. Plastic 5.1.1. Polyethylene (PE) 5.1.2. Polypropylene (PP) 5.1.3. Polyethylene Terephthalate (PET) 5.1.4. Polyvinyl Chloride (PVC) 5.1.5. Others 5.2. Paper & Paperboard 5.3. Metal 5.4. Wood 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Packaging Format 6.1. Corrugated Boxes 6.2. Folding Cartons 6.3. Bags 6.4. Crates 6.5. Drums & Barrels 6.6. Straps 6.7. IBCs 6.8. Mailers & Envelopes 6.9. Wraps 6.10. Labels 6.11. Tapes 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 7.1. Commercial 7.1.1. E-commerce Companies 7.1.2. Courier Service Companies 7.2. Institutional 7.2.1. Financial Institutions 7.2.2. Academic Institutions 7.2.3. Government Organizations 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. DS Smith Plc 18.2. Amcor Plc 18.3. Atlas Container Corporation 18.4. Sonoco Products Company 18.5. Mondi Group 18.6. Sealed Air Corporation 18.7. WestRock Company 18.8. International Paper Company 18.9. Pregis LLC 18.10. Grief.Inc 19. Assumptions & Acronyms Used 20. Research Methodology
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Shipping Supply Market
