The global transit packaging market is projected to expand with a CAGR of 13%. The market valuation is expected to expand from USD 70.86 billion in 2023 to USD 239.5 billion by 2033.
Over time, there have been several developments in transit packaging. Transit packaging is now directly reaching consumers owing to the considerable growth of the global e-commerce industry.
Nowadays, transit packaging solutions hold a 27% share of packaging used in the international e-commerce industry. Over the assessment period, carton sales are anticipated to expand at a considerable rate.
Due to the growing awareness of the detrimental effects of plastic-based packaging on the environment, there is a growing demand for hardwood packaging during transit. This presents numerous prospects for transit packaging manufacturers. Similar to how wooden pallets typically cost twice as little as plastic pallets.
For the transportation of goods, wooden pallet producers are now developing stackable pallets. These pallets take up less room on the floor and are less expensive to ship. Additionally, transit packaging products have many benefits, including being environmentally friendly and temperature-tolerant. All of which contribute to the market's expansion by 2033.
| Attributes | Details |
|---|---|
| Transit Packaging Market CAGR (2023 to 2033) | 13% |
| Transit Packaging Market Size (2023) | USD 70.86 billion |
| Transit Packaging Market Size (2033) | USD 239.5 billion |
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Transit box packaging is gaining momentum across industry verticals. From 2018 to 2022, the global transit packaging sector experienced a CAGR of around 8.3%. The manufacturing business has been imitating tremendous strides throughout numerous areas.
It has evolved into a medium for connectivity between countries. Surging trade activities, along with robust demand from end-use industries, have made transit packing & shipping management complex.
This has further resulted in the introduction and rapid adoption of efficient fleet management. As it enables the management of track and tracking of cleaning containers, fleet sizes, and maintenance activities.
| Year | Market Size |
|---|---|
| 2018 | USD 45.57 billion |
| 2022 | USD 62.74 billion |
| 2026 | USD 102.24 billion |
| 2030 | USD 166.71 billion |
Short-term Growth (2023 to 2026): Increasing emphasis on the safety of products during transportation has led to the development and adoption of corrugated boxes in transit boxes packaging. They facilitate recycling and sustainability for the environment, which leads to high demand in the market.
Medium-term Growth (2026 to 2030): Environmental issues have played a fundamental role in the selection and product design. Business practices focus on returnable transit packaging to spread the good word in the market during this period.
Long-term Growth (2031 to 2033): Big merchants increasingly demand packaging that is less wasteful and more effective. This motivates them to use greener packing and shipping materials. This, combined with businesses' environmental concerns, is what's driving the market for biodegradable packaging.
Due to the factors mentioned above, the global transit packaging sector is projected to have a growth of 1.12x between 2022 and 2023.
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Wine transit packaging emerged as a key market contributor in the United States market, with a share of 27.6% in 2022.
Robust production activities across various industries in the United States have resulted in the huge adoption of food-packing solutions. With food & beverage prevailing as the key application area. Other factors, such as the rising use of wine transit packaging solutions, industrialization, and urbanization propel the demand for transit packaging in the United States.
Strong e-commerce sector to boost protective packaging consumption in China, which in turn leads to high transit packaging adoption. China is likely to take the lead and be the top market contributor in terms of both volume and value. As far as protective packaging is concerned, it is likely to have a CAGR of 6.7% by 2033.
Growing adoption of protective packaging options, the presence of e-commerce hubs, and rising concern for better transport are driving the demand for transit packaging in China.
Transit packaging solutions and services in the country are rising due to the high production of horticultural goods. As the food and beverage sector is among the common application area.
To ensure safe and secure product delivery, the demand for e-commerce and online shopping has increased the demand for transit packing solutions. The market is expected to have a CAGR of 5.1% by 2033.
The introduction of environmentally friendly transportation packaging materials like paper-based packaging solutions is driven by the expanding trend of sustainable packaging.
Due to their toughness, adaptability, and affordability, corrugated boxes are predicted to hold a sizable part of the transportation packaging industry in the country. Paper bags, pouches, and wraps are the other lucrative segments that are projected to expand during the forecast period.
Cartons accounted for 32.6% market share in 2022. It is set to have the leading protective and transit packaging market share over the forecast period, based on packaging type.
Cartons have been witnessing robust demand in the retail and consumer goods sector over the past few years. Utilization of cartons in the storage and transportation of goods is key in modern logistics, as it enables efficiency in terms of material handling.
Transportation of costly gadgets and equipment necessitates extreme caution, and transit packagers assist with their quick and safe delivery. Furthermore, automation is sweeping the global technological scene, exposing items to damage as a result of inefficient supply chains.
As a result, manufacturers are putting out concerted attempts to maintain the integrity of cartons through the use of biodegradable packaging techniques.
The e-commerce industry is expected to remain dominant as far as transit packaging consumption is concerned, in terms of revenue. It held a leading market share of 45.1% in 2022.
Transit packaging solutions for the e-commerce industry are manufactured by employing high-tech equipment. In order to prevent loose thread contamination and maintain hygiene standards.
Vendors are embracing digital printing packages to promote product distinction. Moreover, engage users in the global market as the popularity of smartphones and the usage of mobile devices rise. Traditionally, material handling, shipping, and warehousing operations associated with transit packaging have been labor-intensive, burdening personnel costs and potential for injury, accident, and product damage.
Currently, there is a huge emphasis on accommodating human operators and human-operated equipment in the warehouse layout and design. This in turn leads to the optimum utilization of warehouse space and overhead volume.
There has been a rise in the incorporation of stock-picking robots and robotic forklifts that require relatively narrower aisles than human-operated machines. Thereby enabling the safe manipulation of taller shelves, racks, and pallet stacks.
E-commerce fulfillment hubs have become more aggressive in the development and implementation of automation systems in warehouses and logistics. This leads to reshaping the market for transit packaging in a positive way over the coming years.
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To develop their products, top firms are investing heavily in the creation of research institutes across the globe. They are implementing business tactics to have a leading market share in the global transit packaging business.
The global transit packaging industry is highly fragmented owing to the presence of several local, regional, and multinational vendors. Regional businesses are increasingly in competition with international players by offering cutting-edge solutions at affordable prices.
Recent Developments:
The industry is estimated to be around USD 70.86 billion by the end of 2023.
SGS SA, Mondi Group PLC, and International Paper Co., are the key players in the market.
The market is anticipated to surge at a CAGR of 13% through 2033.
United Kingdom is anticipated to surge at a CAGR of 5.1% through 2033.
High demand from the pharmaceutical industry is a key market driver.
1. Executive Summary | Transit Packaging Market 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 Type 5.1. Wooden Crates 5.2. Barrels 5.3. Strapping 5.4. Intermediate Bulk Containers 5.5. Corrugated Boxes 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Consumer Goods 6.2. Third-Party Logistics 6.3. Pharmaceuticals 6.4. Industrial Machinery and Equipment 6.5. Electrical and Electronics 6.6. Food and Beverages 6.7. Chemicals 6.8. Building and Construction 6.9. Automotive 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. South Asia 7.5. East Asia 7.6. Oceania 7.7. MEA 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. SGS SA 17.2. Mondi Group PLC 17.3. International Paper Co. 17.4. Borealis AG 17.5. Nefab AB 17.6. Eltete TPM Ltd. 17.7. Smurfit Kappa Group 17.8. Greif, Inc. 17.9. Sonoco Products Company 17.10. Papier-Mettler KG 17.11. BEUMER Group GmbH & Co. KG 17.12. Deufol SE 18. Assumptions & Acronyms Used 19. Research Methodology
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Transit Packaging Market
