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Transport Cases & Boxes Global Market Report 2024 Market Report 2024-2033 | Size, Growth, Demand, Trends"
Transport Cases & Boxes Global Market Report
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According to The Business Research Company's, The transport cases & boxes market size has grown steadily in recent years. It will grow from $1.65 billion in 2023 to $1.73 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to military and defense applications, expansion of e-commerce and logistics, growth in aerospace and aviation industry, increase in industrial equipment transport, demand for customized packaging solutions.
The transport cases & boxes market size is expected to see steady growth in the next few years. It will grow to $2.04 billion in 2028 at a compound annual growth rate (CAGR) of 4.1%. The growth in the forecast period can be attributed to global supply chain challenges, e-commerce packaging solutions, advancements in materials and design, increasing focus on sustainable packaging, medical equipment and healthcare logistics. Major trends in the forecast period include emphasis on lightweight and durable materials, advancements in shock-resistant technologies, integration of smart technologies, customized foam inserts for enhanced protection, focus on sustainable materials and practices.
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Market Drivers and Trends:
Rising global trade is expected to propel the growth of the transport cases and boxes market going forward. Global trade refers to the buying and selling of products and services by businesses abroad. Due to the proliferation of free trade agreements between countries and reduced tariffs and other barriers to trade the global trade is rising. The transports cases and boxes are essential tools for protecting goods during transportation and storage in global trade in shipping, storage, and organizing products and devices. For Instance, in December 2022, according to United Nations Conference on Trade and Development (UNCTAD), a Switzerland-based intergovernmental organization within the United Nations Secretariat, the value of global trade is projected to reach a record $32 trillion in 2022, trade in the goods increased by 10% to reach $25 trillion and services increased by 15% to reach $7 trillion in 2022. Therefore, the rising global trade is driving the growth of transport cases and boxes.
Product Innovation is a key trend gaining popularity in the transport cases and boxes market. Major market players are concentrating their efforts on creating innovative products to strengthen their position. Lightweight and durable materials reduce the weight and size of shipments to save shipping costs and are profitable for businesses in the long term. For instance, in April 2022, Tower Cold Chain, a UK-based manufacturer of shipment containers, launched a robust lightweight handleable solution - KTEvolution, a container for pharmaceutical transport. It is a robust, reliable, and reusable cold chain solution that can be readily carried by one or two individuals and was created in response to customer demands. It provides 120+ hour thermal insulation without external power nor human intervention during transit and will be launched in 26-liter and 57-liter options.
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Major Key Players of the Market:
GT Line, Royal Case Company, Pelican Products Inc., Hisco Case Inc., B&W International, SKB Corporation Inc., Gator Cases Inc., Anvil Cases Inc., Parker Plastics Inc., ZERO Manufacturing Inc., Wilson Case Inc., Willard Packaging Co, Nanuk by Plasticase Inc., JELCO Inc., Canyonwest Cases LLC, Explorer Cases, Cases By Source Inc., Porta-Brace Inc., Chicago Case Company, C.H. Ellis Company Inc., BWH-Spezialkoffer GmbH, ZARGES Inc., Plasticase Inc., Gmöhling Transportgeräte GmbH, Procases Inc, Seahorse Protective Equipment Cases, Platt Cases, R.P. Luce & Company Inc., Gemstar Manufacturing, Case Technologies Inc., Fawic Packaging Systems, Custom Case Company Inc., Dorner Case Inc., Packaging Strategies Inc., New World Case Inc.
Transport Cases & Boxes Market 2024 Key Insights:
• The transport cases & boxes market size is expected to see steady growth in the next few years. It will grow to $2.04 billion in 2028 at a compound annual growth rate (CAGR) of 4.1%.
• Surge In Global Trade Boosts Demand For Transport Cases And Boxes Market
• Product Advancements Redefining The Landscape Of Transport Cases And Boxes Market
• Asia-Pacific is expected to be the fastest-growing region in the forecast period
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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