Global Transit Packaging Market to Generate Revenues of $148 Billion During 2019-2024 - Market Research by Arizton

CHICAGO, Feb. 6, 2019 /PRNewswire/ --Arizton's latest research states that the global transit packaging market is projected to reach revenues of approximately $148 billion by 2024, growing at a CAGR of more than 3% during 2018–2024.

Key Highlights Offered in the Report:

• $30 billion incremental revenue opportunities in transit packaging to be capitalized in the next five years.
• E-commerce gaining steam - Share of e-commerce transit packaging to reach 40% in 2024 from 16% in 2018.
• China, India, Indonesia, Brazil, Russia, and countries in Eastern and Central Europe are the key potential market.
• Investments in innovative Retail and Shelf-ready packaging to enable brands in creating visual disruptions and enhance product appeal.
• Returnable transit packaging is one the key focus area for vendors to capitalize upon conventional transit packaging.

Key Offerings:

• Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
• Market Size & Forecast by Revenue | 2018–2024
• Market Segmentation - Detailed analysis of product types, end-user types, and geography
• Competitive landscape –Profile 5 key vendors and 30 other prominent players

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Transit Packaging Market - Dynamics

The exponential growth of the e-commerce sector is fueling the need for transit packaging and other innovative solutions in the global market. Out of 30 billion parcels shipped by China, 70% were disturbed via e-commerce channel.

Key drivers and trends fueling the growth of the global market are:

• Demand boosted by sustainable transit packaging solutions 
• Global export propagation pushing quality transit packaging

Transit Packaging Market - Segmentation

This market research report includes a detailed segmentation of the market by product types, end-user types, and geography.

• The wooden pallets, plastic pallets, and metal pallets segment is likely to grow at a CAGR of more than 3% by 2024.
• The F&B sector covered the largest market share in 2018.

-  Market Segmentation by Product Type

      - Corrugated Boxes

      - Crates

• Wooden Crates
• Plastic Crates

      - Pallets

• Wooden Pallets
• Plastic Pallets
• Metal Pallets

      - Other Protective Packaging

• Bubble Wraps
• Air Cushions
• Foam Packaging
• Insulated Shipping Containers
• Tapes
• Protective Mailers

-   Market Segmentation by End-user Type

• Food & Beverage
• Retail
• Electrical & Electronics
• Industrial Goods
• Others

Transit Packaging Market - Geography

In terms of geography, the global transit packaging market is classified into APAC, Europe, North America, Latin America, and MEA. The EU directives regulating the norms in the packaging industry in Europe will lead to the introduction of sustainable and reusable package practices in the global market.

Market Size & Forecast | 2018–2024

• Revenues
• Product Type
• End-users
• Leading Countries

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-  Market Segmentation by Geography

• APAC
• Europe
• North America
• Latin America
• MEA

-  Key Countries Profiled in the Report

• China
• Japan
• India
• Germany
• France
• UK
• US
• Canada
• Brazil
• Mexico
• Argentina
• Saudi Arabia
• UAE
• South Africa

Major Vendors in the global market:

• Mondi
• Smurfit Kappa
• DS Smith
• Greif
• Sonoco Products Company

Other prominent vendors include Automated Packaging Co., Belmont Packaging, BillerudKorsnäs, Cardboard Box Company, Cascades, Cellofoam North America, De Jong Verpakking, Elopak AS, Eltete TPM, Georgia-Pacific, GWP, Huhtamaki, International Paper Co, iVEX, Macfarlane Group, Mecmesin, Nefab AB, Nicklin Transit Packaging, NNZ, Packaging Corporation of America, Papier-Mettler KG, Pratt Industries, Pregis, Protective Packaging Solutions, Sealed Air, Smithpack, STI Group, Universal Protective Packaging, Weedon Corrugated Products, and WestRock.

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About Arizton:

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We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

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