Zion Market Research, The Market Research Group Announced The Analysis Report Titled "Transit Packaging Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026 "
Sarasota, FL -- (SBWIRE) -- 11/09/2018 -- Global Transit Packaging Market: Overview
The import and export of goods need a superior level of care and meticulousness, which further needs effective and efficient packaging solutions related to transit. The development of various end-user industries, such as chemical, food and beverage, construction, and automotive, among others, can be attributed to the growth of the global transit packaging market.
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Global Transit Packaging Market: Growth Factors
The major growth driver in the global market for transit packaging is the increase in the trade activities and rising demand from several end-user industries, such as construction, chemical, automotive, etc. The food and beverage industry is demanding effective and efficient transit packaging solutions, due to the increased production of horticulture items. The popularity of cartons in transit packaging can be attributed to the effectiveness and efficiency they offer related to material handling. These factors are contributing to the expansion of the global transit packaging market. In addition, rapid industrialization and urbanization in several countries across the globe are fuelling the development of the global transit packaging market.
Global Transit Packaging Market: Segmentation
The global transit packaging market can be divided based on material type, packaging type, and end-users. Based on material type, the transit packaging market can be classified into polypropylene, polyethylene, polyvinyl chloride (PVC), ethylene vinyl alcohol, polyethylene terephthalate, polyurethane, wood, metal, and paper and paperboard. On the basis of packaging type, the transit packaging market can be categorized into wooden crates, barrels, strapping, intermediate bulk containers, corrugated boxes, containers, and cartons, among other packaging types. The cartons segment is anticipated to remain the most popular in the upcoming years. This is due to the efficiency and effectiveness in material handling offered by cartons, which is a prerequisite for modern-day logistics. Based on end-users, the transit packaging market can be bifurcated into consumer goods, third-party logistics, pharmaceuticals, industrial machinery and equipment, electrical and electronics, food and beverages, chemicals, building and construction, automotive, and e-commerce.
Global Transit Packaging Market: Regional Analysis
Based on regions, the global market for transit packaging can be divided into five main regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The European region is projected to dominate the transit packaging market globally in the upcoming years. This is due to growing production activities of various industries, such as chemicals, construction, automotive, etc., which has resulted in the large-scale adoption of transit packaging options. In the Asia Pacific region, emerging economies, like China and India, are witnessing an increased requirement for effective and efficient transit packaging options, due to rapid industrialization. Hence, this region is anticipated to show good growth in future. The North American region is expected to hold a substantial share in the transit packaging market in the upcoming years. This is due to growing concerns regarding improved transportation of goods.
Global Transit Packaging Market: Competitive Players
The key market players of the global market for transit packaging include Yinghua Plastic Products, Honeycomb Cellpack, Mondi Group, Deufol, BEUMER Group GmbH, Papier-Mettler KG, International Paper Company, Eltete TPM, Nefab AB, Sonoco Products Company, Packaging Corporation of America, Svenska Cellulosa Aktiebolaget, Greif, Smurfit Kappa, Smithpack, Saxon Packaging, Pratt Industries, OIA Global, GWP Packaging, DS Smith, BillerudKorsnas, and SGS SA, among several others.
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Global Transit Packaging Market: Regional Segment Analysis
The Asia Pacific
The Middle East and Africa