Automotive Parts Packaging Market Size Estimated to Reach US$ 7.74 Billion by 2027 | CAGR of 4.27%
IMARC Group’s latest research report, titled “Automotive Parts Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global automotive parts packaging market size reached US$ 5.99 Billion in 2021. Looking forward, IMARC Group expects the market is anticipated to reach a value of US$ 7.74 Billion by 2027, expanding at a CAGR of 4.27% during 2022-2027.
Automotive parts packaging aids in protecting valuable vehicle parts from scuffs, dents, vibrations, dings, damages, etc., during the storage and shipping processes. It generally consists of barrier materials, tubing, harnesses, straps, edge protectors, and corrugated boxing solutions. The various components used in automotive parts packaging are batteries, cooling systems, underbody components, automotive filters, engines, lighting, electrical arts, etc. As such, they find extensive usage across the automotive industry.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by component type, product type, packaging type and region.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Automotive Parts Packaging Market
- Strategies of major players and product offerings
The escalating integration of telematics, in-vehicle infotainment systems, and advanced driver assistance systems (ADAS) in automobiles is primarily driving the automotive parts packaging market. Besides this, the launch of favorable policies by government bodies to encourage the adoption of electric vehicles (EVs) as they emit fewer greenhouse gases (GHGs) and air pollutants is further augmenting the market growth. Apart from this, automobile vehicles comprise of several small, medium, and large-sized components that are assembled by the automotive original equipment manufacturers (OEMs). In line with this, the inflating production of heavy components, such as cooling systems, is also catalyzing the global market. Moreover, owing to the elevating environmental awareness among consumers, bio-based packaging materials are being utilized, which is acting as another significant growth-inducing factor. In addition to this, the expanding exports of automotive parts across countries are also positively influencing the product demand. Furthermore, continuous technological advancements in supply chain management are anticipated to bolster the automotive parts packaging market over the forecasted period.
Key Players Included in Global Research Report:
- DS Smith plc
- Knauf Industries
- Mondi plc
- Nefab AB
- Primex Plastics Corporation (ICC Industries Inc.)
- Schoeller Allibert Services B.V.
- Sealed Air Corporation
- Signode India Ltd.
- Smurfit Kappa Group plc
- Sonoco Products Company
- Sunbelt Paper & Packaging Inc.
- WestRock Company.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Segmentation:
Breakup by Component Type:
- Battery
- Cooling System
- Underbody Components
- Automotive Filter
- Engine Components
- Lighting Components
- Electrical Components
Breakup by Product Type:
- Pallets
- Crates
- Bulk Containers and Cases
- Bags and Pouches
- Folding Cartons
- Corrugated Products
- Trays
- Protective Packaging
Breakup by Packaging Type:
- Disposable
- Reusable
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
TOC for the Automotive Parts Packaging Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Automotive Parts Packaging Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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