Transit Packaging Market Share

Global Transit Packaging Market Overview

Transit Packaging Market Size was valued at USD 69.1 Billion in 2022. The Transit Packaging industry is projected to grow from USD 78.4 Billion in 2023 to USD 216.0 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 13.50% during the forecast period (2023 - 2032). Growing demand for transit packaging in pharmaceuticals sectors and surging usage of transit packaging in food and beverage industry, are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Transit Packaging Market Trends

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  Growing demand for transit packaging in pharmaceuticals sectors is driving the market growth

  
  

The need for transit packaging in the pharmaceutical industry is expanding quickly. Pharmaceutical companies frequently employ transit packaging to shield their goods from harm. These containers are also used to preserve the product's quality. The transit packaging is particularly beneficial for effective storage, simple handling, and helps to lower the possibility of product contamination. Consequently, it is anticipated that the market growth rate during the forecast period would be driven by the rising demand for transit packaging in the pharmaceutical industries.The food and beverage industry uses transit packaging frequently because it helps to safeguard the product from contamination and damage while being transported. These containers provide for effective storage and simple handling. Food and beverage goods are shipped, stored, and distributed widely using transit packaging. As a result, the food and beverage industry's need for transit packaging rises, driving the market's growth rate.

For the movement of food & beverage items throughout the cold chain network, sturdy returnable plastic pallets are preferred over single-use wood pallets, as in moisture, wood pallets are likely to promote bacterial and fungal growth once wet. Thus, higher food & beverage movement throughout the cold chain is expected to benefit the reusable packaging market in the region. The trend towards recyclable packaging in North America is rapidly increasing as more companies realize the benefits of using sustainable packaging solutions. This trend is driven by several factors, including rising awareness about environmental issues, rising demand for eco-friendly packaging solutions, and government initiatives to promote sustainable development. Using sturdy materials that can be reused repeatedly before being recycled or thrown away, such as plastic, metal, and wood, is one of the main trends in returnable packing. These materials provide a more affordable and environmentally responsible option to single-use packaging, which produces a lot of waste and raises environmental issues.

One of the most important factors driving the growth of this market is the escalating demand for efficient, environmentally friendly packaging solutions. Industries like food and beverage, medicines, chemicals, agriculture, construction, oil and lubricants, and manufacturing have increased their use of transit packaging. Another important element driving the market's growth is the increased demand for transit packaging for the shipping of fragile products like glassware and electronic appliances. The expansion of the worldwide transit packaging market is also anticipated to be aided by a boom in the logistics industry and an increase in global trade and commerce. Additionally, a number of significant industry participants in the worldwide transit packaging market are currently concentrating more on establishing successful joint ventures, acquisitions, and/or collaborations in order to increase their respective customer bases. By being able to serve their assigned target bases both domestically and abroad, companies stand to increase them. Thus, driving the Transit Packaging market revenue.

Transit Packaging Market Segment Insights

Transit Packaging Product Type Insights

The Transit Packaging Market segmentation, based on product type, includes corrugated boxes, crates, pallets, and others. Corrugated boxes segment dominated the global market in 2022. Industrial containers called corrugated boxes are formed of compressed paper and have a thin metal layer on the outside. They are therefore strong, sturdy, and light.

Figure 1: Global Transit Packaging Market, by Product Type, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Transit Packaging Material Type Insights

The Transit Packaging Market segmentation, based on material type, includes polypropylene, polyethylene, polyvinyl chloride, ethylene vinyl alcohol, polyethylene terephthalate, polyurethane, wood, metal, and paper and paperboard. Polypropylene segment dominated the global market in 2022. Plastic films like high-density polypropylene (HDPE) and polypropylene (PE) are used to make packaging solutions that are solvent, corrosion, and harsh climate resistant.

Transit Packaging: Packaging Type Insights

The Transit Packaging Market segmentation, based on packaging type, includes wooden crates, barrels, strapping, intermediate bulk containers, corrugated boxes, containers, and cartons. Cartons segment dominated the Transit Packaging Market in 2022. Over the past few years, the retail and consumer products industries have seen strong demand for cartons. Modern logistics depend heavily on using cartons to store and move items since they increase material handling efficiency.

Transit Packaging End User Insights

The Transit Packaging Market segmentation, based on end user, includes consumer goods, third-party logistics, pharmaceuticals, industrial machinery and equipment, electrical and electronics, food and beverages, chemicals, building and construction, automotive, and e-commerce. Food and beverages segment dominated the Transit Packaging Market in 2022. This is because new goods, such as flexible and rigid intermediate bulk containers and intermediate bulk containers, have been developed.

Transit Packaging Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Transit Packaging Market dominated this market in 2022 (45.80%). This is a result of the major pharmaceutical, food and beverage, and auto manufacturers in the United States, Mexico, and Canada. The segment's largest share in 2022 is mostly attributable to the robustness, affordability, and light weight of reusable packing containers made of plastic. Further, the U.S. Transit Packaging market held the largest market share, and the Canada Transit Packaging market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: TRANSIT PACKAGING MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Transit Packaging market accounted for the healthy market share in 2022. The expansion of the e-commerce sector, the booming shipping and logistics business, the rising demand for durable packaging for perishable and fragile items, as well as rising import and export activity, are the main drivers of the Europe transit packaging market. Further, the German Transit Packaging market held the largest market share, and the U.K Transit Packaging market was the fastest growing market in the European region

The Asia Pacific Transit Packaging market is expected to register significant growth from 2023 to 2032. This is due to the region's rapidly expanding industrial sector, particularly in nations like India, China, and Japan. Additionally, the region has a very high availability of raw materials like metal and plastic. Moreover, China’s Transit Packaging market held the largest market share and the Indian Transit Packaging market was the fastest growing market in the Asia-Pacific region.

Transit Packaging Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Transit Packaging market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Transit Packaging industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Transit Packaging industry to benefit clients and increase the market sector. In recent years, the Transit Packaging industry has offered some of the most significant advantages to medicine. Major players in the Transit Packaging market, including WestRock Company, Smurfit Kappa, International Paper, Inteplast Group, UNITED BAGS, INC, Ronpak., El Dorado Packaging, PackagingPro, CPS Paper Products, Flexoplas Packaging Ltd, Pakaflex Pty Ltd, Multifab Packaging, Pak-Line Limited, Polymax, Inc, Flex-Pak corporation, Boise Cascade, Celulosa Arauco Y Constitucion, Huber Wooden packagings LLC, Kahrs, Louisiana-Pacific Corporation, West Fraser, Patrick, Futamura, and Celanese Corporation, are attempting to increase market demand by investing in research and development Product Types.

Worldwide industrial packaging supplier Nefab provides customers with packaging options and shipping support. It offers comprehensive packaging solutions, logistical services, and optimisation programmes that help customers' supply chains conserve financial and environmental resources thanks to its strong engineering background and global skills. North American expansion was announced by Nefab AB. The business opened new locations in Gainesville, Florida, Tucson, Arizona, and Houston, Texas.

Packaging solutions are provided by Amcor Plc (Amcor). Pet bottles, plastic bottles and jars, capsules and closures, speciality folding cartons, free films, bags and pouches, wrappers, rigid containers, laminates and flow packs are just a few of the plastic, fibre, metal and glass packaging solutions it offers. The U.K. city of Bristol serves as the headquarters of Amcor. Amcor plc (Switzerland) opened its brand-new, state-of-the-art manufacturing facility in Huizhou, China, in December 2022.

Key Companies in the Transit Packaging market include

• WestRock Company


• Smurfit Kappa


• International Paper


• Inteplast Group


• UNITED BAGS, INC


• Ronpak.


• El Dorado Packaging


• PackagingPro


• CPS Paper Products


• Flexoplas Packaging Ltd


• Pakaflex Pty Ltd


• Multifab Packaging


• Pak-Line Limited


• Polymax, Inc


• Flex-Pak corporation


• Boise Cascade


• Celulosa Arauco Y Constitucion


• Huber Wooden packagings LLC


• Kahrs


• Louisiana-Pacific Corporation


• West Fraser


• Patrick


• Futamura


• Celanese Corporation

Transit Packaging Industry Developments

January 2020: The cargo, according to Societa Gestione Impianti Nucleari SpA (Sogin), marks the beginning of the transport program's second and last phase. Sogin is the state-owned firm in charge of decommissioning Italy's nuclear power stations. The first 162 drums were transported on two trucks and were organised into four containers.

September 2023: International Paper, a leading provider of packaging and paper, announced the launch of its new recyclable transit packaging solution, E-Lite. E-Lite is a lightweight and durable packaging solution that is made from recyclable materials.

September 2023: WestRock, a leading provider of packaging solutions, announced the acquisition of Longview Fibre, a manufacturer of recycled containerboard. The acquisition will expand WestRock's access to recycled materials and help it meet the growing demand for sustainable transit packaging.

October 2023: DS Smith, a leading provider of packaging solutions, announced the launch of its new sustainable transit packaging solution, EcoBox. EcoBox is a lightweight and durable packaging solution that is made from recycled materials.

Transit Packaging Market Segmentation

Transit Packaging Product Type Outlook

• Corrugated Boxes


• Crates


• Pallets


• Others

Transit Packaging Material Type Outlook

• Polypropylene


• Polyethylene


• Polyvinyl Chloride


• Ethylene Vinyl Alcohol


• Polyethylene Terephthalate


• Polyurethane


• Wood


• Metal


• Paper and Paperboard

Transit Packaging: Packaging Type Outlook

• Wooden Crates


• Barrels


• Strapping


• Intermediate Bulk Containers


• Corrugated Boxes


• Containers


• Cartons

Transit Packaging End User Outlook

• 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 Regional Outlook

• North America
  
  
  
  • U.S.
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America