Press release
Transit Packaging Market to Be Worth $152.7 Billion by 2030
According to a new market research report titled, 'Transit Packaging Market by Type (Primary Packaging, Secondary Packaging, Tertiary Packaging, Ancillary Packaging), Sector (Food & Beverage, Pharmaceuticals, Retail & E-Commerce), and Geography - Global Forecast to 2030,' the transit packaging market is projected to reach $152.7 billion by 2030, at a CAGR of 5.8% from 2023 to 2030.Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5479
Transit packaging is a shipping unit that provides containment and protection to goods during handling, storage, and transportation. The utilization of transit packaging is gaining traction due to the rapidly growing e-commerce sector and the rising need for the safe transportation of products. In addition, the benefits offered by transit packaging solutions, such as convenience, easy handling, proper display, safety, and stacking, drive the growth of this market.
The surging use of transit packaging in the food & beverage sector, the growing adoption of corrugated boxes across various sectors, the growing demand for transit packaging in the pharmaceuticals sector, and the rapidly growing e-commerce sector are key factors driving the growth of the transit packaging market. However, the increasing overall packaging costs due to dynamic regulatory policies may restrain the market's growth.
The growing need for eco-friendly packaging solutions and the rising demand for customized packaging are expected to create market growth opportunities. However, additional distribution channel costs are a major challenge for the players operating in this market. The internet of packaging and digital printing are the latest trends in the transit packaging market.
The transit packaging market is segmented by type (primary packaging [pouches, bags & sacks, cartons, foils, laminates, and wraps], secondary packaging [crates, trays], tertiary packaging [fiber boards, containers, pallets], ancillary packaging [printing & labeling, straps & tapes, cushioning material]), and sector (food & beverage, retail & e-commerce, paints & chemicals, building & construction, pharmaceuticals, electricals & electronics, automotive, industrial machinery & equipment, and other sectors). The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Quick Buy - Transit Packaging Market Research Report: http://www.meticulousresearch.com/Checkout/35425831
Based on type, in 2023, the primary packaging segment is expected to account for the largest share of the transit packaging market. The large market share of this segment is attributed to the rising need to protect and preserve finished products and the growing demand for primary packaging in the food & beverage and pharmaceuticals sectors. However, the secondary packaging segment is slated to register the highest CAGR during the forecast period.
Based on sector, in 2023, the food & beverage segment is expected to account for the largest share of the transit packaging market. The large market share of this segment is attributed to the rising demand for convenient and sustainable packaging solutions, the growth of the packaged foods industry in emerging economies, and the increasing demand for hygienic food packaging. However, the pharmaceuticals segment is slated to register the highest CAGR during the forecast period. The rising demand for drug delivery devices and blister packaging, growing pharmaceutical R&D spending, and the increasing utilization of primary packaging in the pharmaceuticals sector are expected to support the growth of this segment.
Based on geography, the transit packaging market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the transit packaging market. Asia-Pacific's large market share is attributed to the presence of leading transit packaging providers and their increasing focus on developing eco-friendly packaging solutions. The surging use of transit packaging in the region's food & beverage sector also supports the segment's large share.
Moreover, Asia-Pacific is projected to register the highest CAGR during the forecast period. The infrastructural growth in APAC, especially in China, South Korea, India, Australia, Singapore, and Japan, the rapid growth of regional economies, and the region's growing e-commerce sector offer growth opportunities for the players operating in the transit packaging market.
The key players operating in the transit packaging market are WestRock Company (U.S.), International Paper (U.S.) Greif, Inc. (U.S.), Sonoco Products Company (U.S.), Mondi Group plc (U.K.), Smurfit Kappa Group plc (Ireland), DS Smith Plc (U.K.), Packaging Corporation of America (U.S.), Crown Holdings, Inc. (U.S.), Nefab Group AB (Sweden), Corplex (France), Smithpack Limited (U.K.), STI-Gustav Stabernack GmbH (Germany), GWP Group (U.K.), and Eltete TPM Ltd (Finland).
TOP 10 COMPANIES IN THE TRANSIT PACKAGING MARKET @ https://meticulousblog.org/top-10-companies-in-the-transit-packaging-market/
Contact Data
Mr. Khushal Bombe
Meticulous Research®
Direct Lines: +1-646-781-8004 (North America)
+44-203-868-8738 (Europe)
+91 744-7780008 (Asia-Pacific)
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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 Transit Packaging Market to Be Worth $152.7 Billion by 2030 here
News-ID: 3130118 • Views: …
More Releases from Meticulous Research®
AI Designs the Runway: Fashion Market Set to Hit $75.9 Billion by 2035
The fashion industry is experiencing its most radical transformation since the sewing machine. Artificial intelligence isn't just assisting designers-it's creating entire collections, generating virtual garments, and personalizing fashion at a scale that was unimaginable a few years ago.
According to new research from Meticulous Research®, the global AI-generated fashion market reached $2.14 billion in 2024 and is projected to soar to $75.9 billion by 2035, growing at a remarkable 38.6% annually.…
Global Autonomous AI and Autonomous Agents Market to Reach USD 477.8 Billion by …
Artificial intelligence is entering a new phase. Instead of tools that need constant human direction, we're now seeing AI systems that perceive their environment, make decisions, and take action independently. And the numbers are staggering. According to new research from Meticulous Research®, the global autonomous AI and autonomous agents market reached $7.91 billion in 2024 and is projected to explode to $477.8 billion by 2035-growing at an extraordinary 45.2% annually.…
Global Big Data in Oil & Gas Market to Reach USD 7.1 Billion by 2035, Driven by …
The oil and gas industry has never been short on data. Seismic surveys, drilling sensors, pipeline monitors, refinery systems-they've been generating massive amounts of information for decades. The difference now? Companies are actually using it. According to new research from Meticulous Research®, the global big data market in oil and gas reached $2.3 billion in 2024 and is projected to grow to $7.1 billion by 2035, expanding at 10.8% annually.…
Europe Food Waste Recycling Market to Reach USD 4.94 Billion by 2035, Driven by …
The market is set to nearly quadruple by 2035 as circular economy transforms yesterday's garbage into tomorrow's fuel, fertilizer, and feed What do last week's leftovers, unsold supermarket produce, and food processing scraps have in common? In Europe, they're becoming valuable commodities rather than environmental problems.
The Big Picture
Europe's throwing away millions of tons of food every year, but instead of letting it rot in landfills, countries are increasingly turning it…
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…
