22-Jul-2020 | Zion Market Research
According to Zion Market Research, the global transit packaging market is estimated to attain revenues of about $154.12 billion by the end of 2026, advancing at a CAGR of over 3.3% during the forecast period (2020–2026). The manufacturing industry is emulating dedicated strides in several domains and has exceeded as a channel of connectivity among nations. The export and import of goods from one end to another is a course that needs massive meticulousness and care, which puts the packaging industry at the rim of vigor. The products that come under the domain of transit packaging span across delicate, perishable, fragile, & non-resistant products and hence it is significant to make sure their hassle-free & safe delivery. The transit packaging industry has achieved impetus as it gives a guarantee of the wellness of goods.
The key market players in the market are Sonoco Products Company, Mondi, Packaging Corporation of America, Greif, Inc., Pratt Industries, Inc., ZOTEFOAMS INC., Smurfit Kappa Group, Svenska Cellulosa AB SCA, and BillerudKorsnas AB.
Advancement In Food & Beverages Industry To Stimulate The Global Transit Packaging Market
The expeditious addition of new sections in the product portfolios of various producers along with the surge in the commerce industry is a major driving force for the worldwide market in transit packaging. Additionally, the transit of products in geologically disconnected places where environmental aspects hamper the even flow of goods is successfully addressed by the transit packaging industry, therefore, capitalizing the trust of the producers. The food & beverage industry has gained momentum recently, which is projected to present a solid enhancement to the market. The costly electronic goods & equipment need astounding care throughout transport and the transit packagers assist in the fast and safe transfer.
The global transit packaging market is bifurcated on the basis of the product types, consumer goods, and regional analysis. Based on the product types, the market is divided into barrels, wooden crates, intermediate bulk containers, strapping, and corrugated boxes. Based on the applications, the market is divided into consumer goods, pharmaceuticals, third-party logistics, electrical & electronics, industrial machinery & equipment, food & beverages, building & construction, chemicals, automotive, and e-commerce.
The Asia Pacific Region Is Estimated To Witness Massive Growth In The Global Transit Packaging Market
Based on the geographical analysis, the global transit packaging market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The domestic markets have established vast connectivity among themselves owing to the augment of globalization. Among the geographical sections, the Asia Pacific region is anticipated to lead the way and be the major contributor to concerning volume & value both. This is owing to the surging requirement for well-organized transit packaging solutions across China and India. Following the Asia Pacific region, North America is also paving the way in the market for transit packaging due to the rising concerns for better transport of products.
Browse the full “Transit Packaging Market - By Product Types (Barrels, Wooden Crates, Intermediate Bulk Containers, Strapping, and Corrugated Boxes), By Applications (Consumer Goods, Pharmaceuticals, Third-Party Logistics, Electrical & Electrical & Electronics, Industrial Machinery & Equipment, Food & Beverages, Building & Construction, Chemicals, Automotive, and E-Commerce), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/transit-packaging-market
The global transit packaging market is segmented as follows:
By product types:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651