Press release
Automotive Parts Packaging Market Outlook to 2027 Leading by CJIT Packaging, Nefab group, Pacific Packaging Products, Pratt Industries, Sealed Air Corporation, Smurfit Kappa Group, and Sonoco Products Company
Automotive Parts Packaging Market
The automotive parts packaging market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.
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The automotive industry involves a wide variety of complexity of packaging materials. The vehicle industry is one of the largest contributors in the market for utilizing packaging solutions. It is estimated that the automotive sector contributes to almost 40% of all industrial and transport packaging worldwide. Failure to cater the right packaging solution across the value chain of automotive manufacturing could incur huge costs to the customers, as well as the manufacturers leading to overall cost additions. Hence, it is mandatory for the automotive industry to have a high quality packaging solution that can deliver high protection and thereby deliver higher value goods as well as parts. APAC region is one of the most important global automotive hubs. China accounts for approximately 30% of the passenger car produced globally. Lower cost of labor wages and availability of skilled workmen in the region hands competitive advantage to the region for manufacturing of automobiles.
Moreover, the Government in countries such as China and India that are two important manufacturing destinations for automotive OEMs have been rolling out favorable policies that have attracted significant foreign direct investments in the automobile and technology sector. Such a large automotive hub presents higher opportunities for the components manufacturer and suppliers by forming partnerships with the OEMs. The prosperity of these industries augurs well for the advancements in the automotive bushing components. Rising disposable incomes of consumers in these countries opens a wide potential market for packaging solution suppliers for this region.
Top Dominating Industry Players:
CMTP Packaging Pty Ltd
DS Smith Plc.
Encase Ltd.
JIT Packaging
Nefab group
Pacific Packaging Products Inc.
Pratt Industries Inc.
Sealed Air Corporation
Smurfit Kappa Group
Sonoco Products Company
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The report segments the global automotive parts packaging market as follows:
Global Automotive Parts Packaging Market - By Product Type
Pallets
Crates
Cartons
Bags & Pouches
Trays
Others
Global Automotive Parts Packaging Market - By Packaging Type
Reusable
Disposable
Global Automotive Parts Packaging Market - By Component
Battery
Cooling Systems
Lighting Component
Engine Component
Electricals
Others
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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