openPR Logo
Press release

Automotive Parts Packaging Market Share Worth USD 3.12 Billion with 4.1% of CAGR by 2027

09-20-2022 12:27 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

/ PR Agency: The Insight Partners
Automotive Parts Packaging Market Share Worth USD 3.12 Billion

Automobile manufacturers worldwide are receiving heavy demand for passenger vehicles and light & heavy commercial vehicles. Higher disposable income and purchasing power capacity among the people significantly propels automobile procurement. Besides, the constant pressure on automakers to deliver a large number of vehicles according to consumer's requirements is also catalyzing the vehicle production statistics. In 2017, the total production of passenger cars in Europe was 19,595,025 units. Manufacturing and later assembly work of automobile parts often take place at different facilities of the plant, which requires proper packaging and delivery material.

According to The Insight Partners' research, the global automotive parts packaging market accounted for US$ 2,182.6 million in 2018 and is expected to hit US$ 3,124.9 million by 2027 to rise at a CAGR of 4.1% from 2019 to 2027. The increasing production of vehicles worldwide and rising demand for aftermarket automotive parts are the potential factors surging the market.

Get Sample PDF at https://www.theinsightpartners.com/sample/TIPAT00002684?utm_source=OpenPR&utm_medium=10051

Strategic Insights:
Key players dominating the global automotive parts packaging market are 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 Plc; and Sonoco Products Company, among others.
• In July 2018, CMTP Packaging introduced its new asparagus box robot. This new product can cater to more fragile products with small protective casings. It leveraged the mass production capacity of the company, increased the output, and reduced the waste material.
• In June 2018, DS Smith developed a polypropylene packaging box system to transport and protect automotive car lamp units to the final assembly line of the plant. In July 2018, the company received a contract from Toyota Automotive Parts to design returnable trays with dunnage to handle and transport delicate parts to the plant.
• In February 2019, Nefab Americas acquired Pacific Coast Packaging, a company specialized in the design & manufacturing of custom wood, foam, and corrugated packaging products. The acquisition is expected to strengthen the product offerings of the company and expand its business in Southern California market.
• In August 2018, Sealed Air Corporation acquired AFP Inc to expand its capabilities in design, development, testing, fabrication, warehousing, and just-in-time delivery services.

The aftermarket or replacement market plays a vital role in automotive parts packaging industry. With preventive maintenance and timely servicing, customers try to optimize the lifespan value of their vehicles. This fueled the growth of aftermarket parts and services globally and generated revenue opportunities for many players. Moreover, companies are now offering automotive parts online to reach a larger chunk of customers worldwide. Another aftermarket trend is the availability of DIY (do it yourself) products, which allows customers to buy and install the parts in their vehicles by themselves. Additionally, people nowadays pay a surplus for comfort and luxury by incorporating head-up displays, audio systems, lights, replaceable seats, and decorative interiors & exteriors, thereby bolstering the global automotive parts packaging market.

Schedule a pre-sale discussion with the author team in a slot that you prefer to address queries on scope of the report, customization, introduction to methodology, assistance on technologies, and market definitions - https://www.theinsightpartners.com/inquiry/TIPAT00002684?utm_source=OpenPR&utm_medium=10051

Despite the driving elements, the lack of global regulations hurdles the growth of global automotive parts packaging market.

On the basis of product type, the market is split into pallets, crates, cartons, bags & pouches, trays, and others. The crates segment occupied 28.3% market share in 2018. It garnered US$ 618.7 million in 2018 and is anticipated to amass US$ 863.1 million by 2027 to expand at a CAGR of 3.8% during 2019-2027.

According to packaging type, the automotive parts packaging market sphere is arrayed into reusable and disposable. The former held 66.6% market share in 2018 generating US$ 1,453.6 million. It is projected to accrue US$ 2,129.0 million by 2027 to grow at 4.4% CAGR along the forecast period.

As per component, the global automotive parts packaging market is segmented into battery, cooling system, lighting component, engine component, electrical, and others. With 35.3% share of the business, the others segment led the market in 2018. It was valued at US$ 770.9 million in 2018 and is slated to be worth US$ 1,057.4 million by 2027 to feature a CAGR of 3.6% throughout the forecast period.

From regional point of reference, the Asia Pacific market held 44.0% share of the domain in 2018. It was evaluated at US$ 961.0 million in 2018 and is likely to reach US$ 1,484.3 million by 2027 to register the highest CAGR at 5.0% over the forecast period.

Immediate delivery of our off-the-shelf reports and prebooking of upcoming studies, through flexible and convenient payment methods - https://www.theinsightpartners.com/buy/TIPAT00002684?utm_source=OpenPR&utm_medium=10051

Email: sales@theinsightpartners.com
Phone : +1-646-491-9876

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 specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Parts Packaging Market Share Worth USD 3.12 Billion with 4.1% of CAGR by 2027 here

News-ID: 2741459 • Views:

More Releases from The Insight Partners

Telecom Cloud Market by Demand Analysis, Manufacturers Share, Regions, Risk Analysis, Driving Forces and Application, Forecast to 2031
Telecom Cloud Market by Demand Analysis, Manufacturers Share, Regions, Risk Anal …
The Insight Partners adds "Telecom Cloud Market Forecast to 2031 COVID-19 Impact and Global Analysis" to its store providing analysis of the current and future market competition in the market. Insightful review of the key industry drivers, opportunities, barriers and challenges. Each trend is independently researched to provide qualitative analysis of its implications. Download Sample PDF @ https://www.theinsightpartners.com/sample/TIPRE00003311?utm_source=OpenPR&utm_medium=10881 Key Players Analysis: AT&T Inc. Amazon Web Services Inc Telefonaktiebolaget LM Ericsson Verizon Communications Inc International Business Machines Corp Cisco
Denim Fabrics Market by Demand Analysis, Manufacturers Share, Regions, Risk Analysis, Driving Forces and Application, Forecast to 2031
Denim Fabrics Market by Demand Analysis, Manufacturers Share, Regions, Risk Anal …
The Insight Partners adds "Denim Fabrics Market Forecast to 2031 COVID-19 Impact and Global Analysis" to its store providing analysis of the current and future market competition in the market. Insightful review of the key industry drivers, opportunities, barriers and challenges. Each trend is independently researched to provide qualitative analysis of its implications. Download Sample PDF @ https://www.theinsightpartners.com/sample/TIPRE00018240?utm_source=OpenPR&utm_medium=10881 Key Players Analysis: SANKO Holding Candiani S.p.A. Hyde Park Denim Cone Denim LLC KG DENIM LIMITED Zeva Denim Prosperity Textile T?SA AtlasDenim Arvind Limited The
Split Air Conditioning Market Set for Strong Growth Driven by Energy Efficiency and Smart Home Integration Trends
Split Air Conditioning Market Set for Strong Growth Driven by Energy Efficiency …
New York, US - October 27, 2025 - According to a new report published by The Insight Partners, the Split Air Conditioning Market is projected to witness steady growth from 2025 to 2031, registering a CAGR of XX%. The market size is expected to expand from US$ XX Million in 2024 to US$ XX Million by 2031, fueled by increasing consumer demand for energy-efficient, eco-friendly, and technologically advanced air conditioning
Intelligent Pipeline Pigging Market Projected for 6.3% CAGR Growth During 2025-2031 Forecast Period
Intelligent Pipeline Pigging Market Projected for 6.3% CAGR Growth During 2025-2 …
New York, US - October 27, 2025 - The Intelligent Pipeline Pigging Market is poised for steady expansion, reaching US$ 1,244.2 million by 2031, up from US$ 782.3 million in 2023, registering a CAGR of 6.3% from 2025 to 2031. This strong trajectory highlights the growing importance of advanced pigging solutions that enhance pipeline integrity, operational efficiency, and environmental safety. As global energy and utility networks continue to expand, the demand

All 5 Releases


More Releases for Packaging

Personalized Packaging Market 2019 By Key Players: Owens Illinois, Salazar Packa …
Personalized Packaging Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. Download PDF Sample of this Report @ http://www.supplydemandmarketresearch.com/home/contact/277379?ref=Sample-and-Brochure&toccode=SDMRCH277379&utm_source=S2 The following manufacturers are covered: Owens Illinois Salazar Packaging Design Packaging PrimeLine Packaging International Packaging Elegant Packaging Pak Factory ABOX Packaging ACG Ecopak CB Group SoOPAK Company Huhtamaki
E-Commerce Packaging Market by Top Key Players - Pioneer Packaging, Arihant pack …
E-commerce packaging involves the use of materials for safe packaging of products sold by the e-commerce industry. E-commerce packaging plays a vital role in the consumers' perception about the e-retailer. It also indicates the perceived value of the item received. Packaging reflects the value of shipment in the e-commerce supply chain, that is, better the packaging, better the product inside it. Get Sample Copy of this Report @ https://www.bigmarketresearch.com/request-sample/2904563 The E-Commerce
Luxury Packaging Market 2019 SWOT Analysis By Top Key Players; MW Luxury Packagi …
Luxury Packaging Market report provides an in-depth overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, gross and gross margin. The company profiles of all the key players and brands that are dominating the Luxury Packaging Market with moves like product launches, joint ventures, merges and accusations which in turn is affecting the sales, import, export, revenue and CAGR values are mentioned
Global Luxury Packaging Market 2019 Top Key Players: MW Luxury Packaging, Progre …
Summary WiseGuyReports.com adds “Luxury Packaging Market 2019 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2024” reports to its database. This report provides in depth study of “Luxury Packaging Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Luxury Packaging Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as
Top Manufacturer in Luxury Packaging Market 2019: MW Luxury Packaging, Progress …
Luxury packaging is used for packaging and decorating high-end products.An increase in the luxury product consumption rate and the number of product launches in the fashion and cosmetic sectors are some major factors driving the market growth. The global Luxury Packaging market is valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025. The objectives
Personalized Packaging Market 2025 | Design Packaging, Inc., PrimeLine Packaging …
As per the new market report published by Research Report Insights titled ‘Personalized Packaging Market’: Global Industry Analysis and Forecast 2017-2025’, global personalized packaging market attained a value worth US$ 25,577.9 Mn in 2017 and will possibly thrive at a promising CAGR of 5.1% over the forecast period (2017-2025). The global personalized packaging market has witnessed solid growth during the past few decades, owing to the increasing trend of luxury