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The global automotive parts packaging market size reached US$ 6.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.
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Automotive Parts Packaging Market Report 2023 By Component Type, Product Type and Packaging Type Key Regions and Competitive Landscape www.imarcgroup.com Sales@imarcgroup.com +1-631-791-1145 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved
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Report Description and Highlights Report Description Global Automotive Parts Packaging Market Outlook 2023-2028: The global automotive parts packaging market size reached US$ 6.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028. Automotive parts packaging assists in shielding valuable automobile parts from scuffs, dings, vibrations, dents, and damages during storage and shipping. It possesses barrier materials, such as harnesses, tubing, part protectors, and corrugated boxing solutions. In recent years, automotive parts packaging is gaining traction on account of the exponential growth in the adoption of automobiles for traveling and various other purposes
Report Description and Highlights Report Description Global Keywords Market Trends: One of the primary factors driving the market is the rapidly growing population and urbanization. Additionally, the increasing production and packaging of heavy components, such as cooling systems and engine components, is creating a positive market outlook. Other than this, consumers are opting for bio-based packaging substances on account of the increasing environmental concerns, thereby positively influencing the market growth. Besides this, the growing involvement of electronic and electrical devices in the automobile sector is propelling the market growth. In line with this, returnable packaging assists in reducing packaging waste and minimizing the carbon footprint. Apart from these factors, governments of various nations are promoting the adoption of electric vehicles (EVs) as they release lesser greenhouse gases (GHGs) and air pollutants, which is creating lucrative growth opportunities for the key players operating in the industry. Moreover, extensive investments by key players in research and development (R&D) activities, along with the rising technological advancements in supply chain management, represent other major growth-inducing factors. Request for a free sample report: https://www.imarcgroup.com/automotive-parts-packaging- market/requestsample
Report Description Report Description and Highlights Market Summary: 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
Report Description Report Description and Highlights Breakup by Component Type: • • • • • • • Battery Cooling System Underbody Components Automotive Filter Engine Components Lighting Components Electrical Components Breakup by Region: • • • • • North America Europe Asia Pacific Middle East and Africa Latin America On account of the aforementioned factors, the market is anticipated to witness strong growth during 2023-2028.
Report Description Report Description and Highlights Competitive Landscape With Key player: • • • • • • • • • • • • DS Smith plc Knauf Industries Mondi plc Nefab AB Primex Plastics Corporation Schoeller Allibert Services B.V. Sealed Air Corporation Signode India Ltd. Smurfit Kappa Group plc Sonoco Products Company Sunbelt Paper & Packaging Inc. WestRock Company View Report TOC, Figures, and Tables: https://www.imarcgroup.com/automotive-parts-packaging- market
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