Packaging is an
inevitable part of manufacturing industry. The growing global
commerce is forcing manufacturers and packers to transport the goods
at distant areas facing environmental and physical challenges. Hence,
globally safe transportation of goods and materials is anticipated to
be one of the major challenges for manufactures. The Transit
Packaging
industry hence helps manufacturers and packers by providing
resilient, attractive and cost effective solutions for their
transportation needs.
The growing commerce
and rapid addition of new product segments to be transported are
anticipated to be the major drivers for the global transit packaging
market. One of the major contributor to the global transit packaging
market is anticipated to be the food and beverages market. Changing
lifestyle preference and rapid urbanization is estimated to be the
drivers to the transit packaging market. The growing demand of
electrical and electronics equipment’s is pushing manufacturers to
ship their products across the globe safely which expected to drive
the transit packaging market. Safe handling and prompt delivery at
crucial environmental and geographical conditions is forcing
manufactures to take additional measures for packaging and
transportation which is expected to drive the global transit
packaging market. Increasing automation and use of technology in
supply chain practices is pushing manufactures for better packaging
to ensure safe handling which is anticipated to drive the global
transit packaging market.
The regulations for
packaging in some countries is anticipated to restrain the growth of
the global transit packaging market in which manufacturers are
minimizing the packaging. The sluggish growth in manufacturing sector
is also anticipated to restrain the growth of global transit
packaging market.
The opportunity for
the global transit packaging market lies in developing durable and
cost efficient packaging solution for diverse range of applications.
Global transit packaging market can get benefitted through providing
innovative solutions for new product segments. Global transit
packaging market is anticipated to have huge growth opportunities in
manufacturing multi use and easily recyclable products.
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The global transit
packaging market is segmented on the basis of type, application, end
use and region.
On the basis of type
the global transit packaging market is segmented by cases and
protective packaging. The protective packaging segment is further
classified as foams, pads, inserts fitments and others. On the basis
of application the global transit packaging market is segmented into
retail packaging, industrial packaging, consumer packaging,
commercial packaging and others. On the basis of end-use the global
transit packaging market is segmented by Food and Beverages
Packaging, Electrical and electronics packaging, Consumer goods
packaging, Furniture packaging, Industrial equipment’s packaging
and others.
On the basis of
geography the global transit packaging market is segmented into North
America, Europe, Asia Pacific (APAC), the Middle East and Africa
(MEA) and Latin America. Asia pacific is anticipated to be the major
contributor both in terms of value and volume. Japan, China and Japan
due to its growing industrial and commercial manufacturing practices
is anticipated to be the major contributor of the global transit
packaging market. Followed by Asia Pacific, North America is
anticipated to be the major contributor of the global transit
packaging market. Europe is also seen as a major market for the
global transit packaging market followed by North America. The growth
in Middle East and Africa is anticipated to be growing steadily over
the forecasted period.
Some of the Key
Participant of the global transit
packaging market are Pratt Industries, Inc., Mondi , Smurfit Kappa
Group, Svenska Cellulosa Aktiebolaget SCA (publ), Greif, Inc., Sonoco
Products Company, Packaging Corporation of America, BillerudKorsnas
AB, ZOTEFOAMS INC and others.
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