Global Transit Packaging Market – Industry Trends and Forecast to 2030

Global Transit Packaging Market, By Product Type (Corrugated Boxes, Crates, Pallets, Others), Material Type (Polypropylene, Polyethylene, Polyvinyl Chloride, Ethylene Vinyl Alcohol, Polyethylene Terephthalate, Polyurethane, Wood, Metal, Paper and Paperboard), Packaging Type (Wooden Crates, Barrels, Strapping, Intermediate Bulk Containers, Corrugated Boxes, Containers, Cartons), End-Users (Consumer Goods, Third-Party Logistics, Pharmaceuticals, Industrial Machinery and Equipment, Electrical and Electronics, Food and Beverages, Chemicals, Building and Construction, Automotive, E-Commerce) – Industry Trends and Forecast to 2030.

Transit Packaging Market Analysis and Size

Revenue of the transit packaging market is anticipated to rise at a significant rate in the forecast period, owing to significant growth of e-commerce sector and growing trend of online shopping, especially after the COVID-19 pandemic. Moreover, environmental issues have played an important role in the product design, selection, and business practices associated with transit packaging. Now, Major retailers demand more efficient and less wasteful packaging, and their motivation for using 'greener' packing and shipping materials driving the marketplace for biodegradable packaging.

Data Bridge Market Research analyses that the transit packaging market is expected to reach USD 77.14 billion by 2030, which is USD 56.36 billion in 2022, registering a CAGR of 4.00% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.     

Transit Packaging Market Scope and Segmentation

Market Definition

Transit packaging is also known as transportation packaging. This is an important type of packaging that protects products from damage while being transported. Wooden crates, intermediate bulk containers, barrels, corrugated boxes, and other packaging types fall into transit packaging. Transit packaging is not durable for product protection, but also for the manufacturer's brand image and upsurges customer experience.

Transit Packaging Market Dynamics

Drivers

• Growing demand for transit packaging in pharmaceuticals sectors

The demand for the transit packaging in pharmaceuticals sectors is growing rapidly. The transit packaging is widely used in pharmaceuticals to protect the products from damage. These packaging also use to maintain the quality of the product. The transit packaging is very helpful in efficient storage and easy handling and supports in decreasing the chances of product contamination and it. Therefore, the growing demand for transit packaging in pharmaceuticals sectors is expected to drive the market growth rate during the forecast period.

• Surging usage of transit packaging in food and beverage industry

Transit packaging is widely used in in the food and beverage industry because it helps to protect the product from contamination and damage during transportation. These packaging’s are enable for efficient storage and easy handling. Transit packaging is highly used to ship, store and distribute food and beverage products across numerous regions. As a result, the demand for the transit packaging increases in the food and beverage industry and drives the market growth rate.

Opportunities

• Rising adoption of wood packaging over plastic packaging

Packaging is one of the major which plays vital role in the transportation of product globally. The increasing demand for wooden packaging during transit because of increasing awareness about the negative effect of plastic-based packaging on the environment create ample opportunities for the manufacturer of wooden packaging.  Likewise, the normal expense of wooden pallets is two times less than plastic pallets. Nowadays, wooden pallet manufacturers are introducing stackable pallets for the transportation of products that reduce the floor space and the expense of transit goods. Additionally, wooden packaging products have lot of advantages such as eco-friendly, reusable,  high friction, as temperature tolerance, easy to repair, cleats for increased sturdiness, durability and customizable, which will further create ample opportunities for the growth of the market during the forecast period.

 Restraints/ Challenges

• High cost  of raw materials

High cost associated with the transit packaging and limitations caused owing to micro brands will obstruct the market's growth rate. Moreover, increasing environment concern during transportation of products and political influences are some of the major factors which will challenge the market growth rate during the forecast period.

This transit packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growth  application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the transit packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Global Transit Packaging Market

The outbreak of COVID-19 has caused unspeakable human pain, comprising disease and death, as well as immeasurable economic consequences. Numerous companies either stopped or significantly reduced their manufacturing capacity as because of COVID-19 outbreak. The sales of transit packaging saw a severe drop owing to the COVID-19 pandemic because lockdowns and shutdown were implemented by government of numerous regions. Now, global manufacturers in the transit packaging market are highly focusing on to improving their profitability and sales through improvement and product innovation, and therefore, the market is anticipated to grow swiftly over the coming years.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Transit Packaging Market Scope

The transit packaging market is segmented on the basis of product type, material type, packaging type and end-users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Corrugated Boxes
• Crates
• Pallets
• Others

Material Type

• Polypropylene
• Polyethylene
• Polyvinyl Chloride
• Ethylene Vinyl Alcohol
• Polyethylene Terephthalate
• Polyurethane
• Wood
• Metal
• Paper and Paperboard

 Packaging Type

• Wooden Crates
• Barrels
• Strapping
• Intermediate Bulk Containers
• Corrugated Boxes
• Containers
• Cartons

 End-Users

• Consumer Goods
• Third-Party Logistics
• Pharmaceuticals
• Industrial Machinery and Equipment
• Electrical and Electronics
• Food and Beverages
• Chemicals
• Building and Construction
• Automotive
• E-Commerce

 Transit Packaging Market Regional Analysis/Insights

The transit packaging market is analyzed and market size insights and trends are provided by country, product, product type, material type, packaging type and end-users as referenced above.

The countries covered in the transit packaging market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.

North America dominates the transit packaging market in terms of market share and revenue owing to the increasing e-commerce sector in this region. Furthermore, surge in the demand of robust packaging for delicate products and growing number of import and export activities and in this region.

Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023-2030 owing to the growing requirement for effective transit packaging solutions and increasing industrialization in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Transit Packaging Market Share Analysis

The transit packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to transit packaging market.

Some of the major players operating in the transit packaging market are:

• WestRock Company (U.S.)
• Smurfit Kappa (Ireland)
• International Paper (U.S.)
• Inteplast Group (U.S.)
• UNITED BAGS, INC (U.S.)
• Ronpak. (U.S.)
• El Dorado Packaging (U.S.)
• PackagingPro (India)
• CPS Paper Products (U.K.)
• Flexoplas Packaging Ltd (U.S.)
• Pakaflex Pty Ltd (Australia)
• Multifab Packaging (U.S.)
• Pak-Line Limited (U.S.)
• Polymax, Inc (U.S.)
• Flex-Pak corporation (U.S.)
• Boise Cascade (U.S.)
• Huber Wooden packagings LLC (U.S.)
• Kahrs (Sweden)
• Louisiana-Pacific Corporation (U.S.)
• West Fraser (Canada)
• Patrick (U.S.)
• Futamura (Japan)
• Celanese Corporation (U.S.)