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Automotive Parts Packaging Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: Jul 2022
  • Pages: 138
  • SKU: IRTNTR73865
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The automotive parts packaging market share is expected to increase to USD 1.90 billion from 2021 to 2026, at a CAGR of 4.6%.

This automotive parts packaging market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive parts packaging market segmentations by product (folding carton, corrugated box, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The automotive parts packaging market report also offers information on several market vendors, including Cascades Inc., Deufol SE, DS Smith Plc, EZ Custom Boxes, GWP Group Ltd., IPS Packaging and Automation, JIT Packaging Inc., Mondi plc, Nefab AB, Pacific Packaging Products Inc., Packaging Corp. of America, Packman industries, Pratt Industries Inc., Sealed Air Corp., Signode India Ltd., Smurfit Kappa Group, Sonoco Products Co., Sunbelt Paper and Packaging, THIMM Group GmbH Co. KG, and Victory Packaging LP among others.

What will the Automotive Parts Packaging Market Size be During the Forecast Period?

Automotive Parts Packaging Market Size

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"Surge in consumer and passenger automobile production will facilitate the auto parts market growth in APAC over the forecast period."

Automotive Parts Packaging Market: Key Drivers, Trends, and Challenges

The increasing demand for protective packaging is notably driving the automotive parts packaging market growth, although factors such as rise in raw material costs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive parts packaging industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Parts Packaging Market Driver

  • The increasing demand for protective packaging is one of the key drivers propelling the automotive parts packaging market growth. 
  • Protective packaging is one of the most widely used packaging methods in the global industrial packaging market. There are various types of protective packaging, among which paper cushion packaging and honeycomb packaging are the most widely used packaging methods.
  • The advantages of protective packaging methods include molded pulp packaging over traditional protective packaging.
  • molded pulp packaging is manufactured from 100% recyclable paperboard and newsprints, making the disposal of waste boards an eco-friendly process.
  • The cost of molded pulp packaging is significantly lesser than that of the other forms of protective packaging. This, in turn, will drive the market growth during the forecast period.

????Key Automotive Parts Packaging Market Trend

  • Growing preference for disposable packaging is one of the key automotive parts packaging market trends supporting the market growth. 
  • Vendors in the global disposable packaging market are coming up with innovative products to increase their market share during the forecast period.
  • Sealed Air, a US-based packaging company, offers Opti NX shrink film, which has better tear resistance than traditional products. This property enables the application of shrink films on irregularly shaped products.

The product innovations in paper packaging products will drive the growth of the global automotive parts packaging market in the future.

Key Automotive Parts Packaging Market Challenge

  • The rise in raw material costs is one of the factors limiting the automotive parts packaging market growth.
  • Wood pulp is the primary raw material for automotive parts packaging. However, the price of wood pulp is highly volatile and depends on the availability of wood or recycled paper.
  • The shortage in the availability of wood pulp will result in its increased price resulting in the increased cost of package box manufacturing. The packing boxes are sold at prices that are fixed in advance and the manufacturers have to incur the loss, which is a major challenge for the market growth. 
  • The price of wood pulp has increased by more than $100 per metric ton over the past five years. It is expected to continue its growth during the forecast period owing to the increasing environmental concerns and reduced availability of wood for paper pulp production. Thus, this will affect the production of automotive parts packaging during the forecast period.

This automotive parts packaging market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global automotive parts packaging market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive parts packaging market during the forecast period.

Who are the Major Automotive Parts Packaging Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Cascades Inc.
  • Deufol SE
  • DS Smith Plc
  • EZ Custom Boxes
  • GWP Group Ltd.
  • IPS Packaging and Automation
  • JIT Packaging Inc.
  • Mondi plc
  • Nefab AB
  • Pacific Packaging Products Inc.
  • Packaging Corp. of America
  • Packman industries
  • Pratt Industries Inc.
  • Sealed Air Corp.
  • Signode India Ltd.
  • Smurfit Kappa Group
  • Sonoco Products Co.
  • Sunbelt Paper and Packaging
  • THIMM Group GmbH Co. KG
  • Victory Packaging LP

 

This statistical study of the automotive parts packaging market encompasses successful business strategies deployed by the key vendors. The automotive parts packaging market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Cascades.com - The company offers Cascades container board packaging for automotive parts packaging.
  • Deufol.com - The company offers blister packaging for automotive parts and components.
  • Dssmith.com - The company offers GALIA and IMC automotive packaging products which is standard regular slotted cases, with dimensions corresponding to sub multiples of standard pallets.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive parts packaging market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive Parts Packaging Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive parts packaging market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Automotive Parts Packaging Market?

Automotive Parts Packaging Market Market segmentation by region

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46% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for the automotive parts packaging market in APAC. Market growth in this region will be slower than the growth of the market in Europe.

Rapid industrialization and urbanization, which are paving the way for economic transformation will facilitate the automotive parts packaging market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the increase in the number of COVID-19 cases adversely impacted the automobile industry in the region. However, the initiation of vaccination drives led to the lifting of lockdowns in 2021. Furthermore, an increase in investment inflows from various sources into the automotive industry has resulted in the reopening of motor vehicle manufacturing plants across the region. Thus, the automotive parts packaging market in the region is expected to grow during the forecast period.

What are the Revenue-generating Product Segments in the Automotive Parts Packaging Market?

Automotive Parts Packaging Market Segmentation

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The automotive parts packaging market share growth by the folding carton segment will be significant during the forecast period. Folding carton is the major type of packaging used in the global automotive parts packaging market, owing to its cost efficiency, availability in various sizes, and flexibility. They are manufactured in various sizes and shapes and are often delivered as flat paperboards, marked with folding lines to ease the packaging process. Moreover, with the growth in automotive sales, there will be an increase in the demand for folding cartons during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive parts packaging market size and actionable market insights on post COVID-19 impact on each segment.

 

Automotive Parts Packaging Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 4.6%

Market growth 2022-2026

$ 1.90 billion

Market structure

Fragmented

YoY growth (%)

5.04

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 46%

Key consumer countries

US, China, Japan, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Cascades Inc., Deufol SE, DS Smith Plc, EZ Custom Boxes, GWP Group Ltd., IPS Packaging and Automation, JIT Packaging Inc., Mondi plc, Nefab AB, Pacific Packaging Products Inc., Packaging Corp. of America, Packman industries, Pratt Industries Inc., Sealed Air Corp., Signode India Ltd., Smurfit Kappa Group, Sonoco Products Co., Sunbelt Paper and Packaging, THIMM Group GmbH Co. KG, and Victory Packaging LP

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Automotive Parts Packaging Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive automotive parts packaging market growth during the next five years
  • Precise estimation of the automotive parts packaging market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive parts packaging industry across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive parts packaging market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Folding carton - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Folding carton - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Folding carton - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Folding carton - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Folding carton - Year-over-year growth 2021-2026 (%)
    • 5.4 Corrugated box - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Corrugated box - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Corrugated box - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Corrugated box - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Corrugated box - Year-over-year growth 2021-2026 (%)
    • 5.5 Others - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Product
      • Exhibit 40: Market opportunity by Product ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Japan - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 India - Market size and forecast 2021-2026
      • Exhibit 82: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Cascades Inc.
              • Exhibit 93: Cascades Inc. - Overview
              • Exhibit 94: Cascades Inc. - Business segments
              • Exhibit 95: Cascades Inc. - Key offerings
              • Exhibit 96: Cascades Inc. - Segment focus
            • 10.4 Deufol SE
              • Exhibit 97: Deufol SE - Overview
              • Exhibit 98: Deufol SE - Product / Service
              • Exhibit 99: Deufol SE - Key news
              • Exhibit 100: Deufol SE - Key offerings
            • 10.5 DS Smith Plc
              • Exhibit 101: DS Smith Plc - Overview
              • Exhibit 102: DS Smith Plc - Business segments
              • Exhibit 103: DS Smith Plc - Key offerings
              • Exhibit 104: DS Smith Plc - Segment focus
            • 10.6 JIT Packaging Inc.
              • Exhibit 105: JIT Packaging Inc. - Overview
              • Exhibit 106: JIT Packaging Inc. - Product / Service
              • Exhibit 107: JIT Packaging Inc. - Key offerings
            • 10.7 Mondi plc
              • Exhibit 108: Mondi plc - Overview
              • Exhibit 109: Mondi plc - Business segments
              • Exhibit 110: Mondi plc - Key news
              • Exhibit 111: Mondi plc - Key offerings
              • Exhibit 112: Mondi plc - Segment focus
            • 10.8 Nefab AB
              • Exhibit 113: Nefab AB - Overview
              • Exhibit 114: Nefab AB - Product / Service
              • Exhibit 115: Nefab AB - Key news
              • Exhibit 116: Nefab AB - Key offerings
            • 10.9 Packaging Corp. of America
              • Exhibit 117: Packaging Corp. of America - Overview
              • Exhibit 118: Packaging Corp. of America - Business segments
              • Exhibit 119: Packaging Corp. of America - Key news
              • Exhibit 120: Packaging Corp. of America - Key offerings
              • Exhibit 121: Packaging Corp. of America - Segment focus
            • 10.10 Sealed Air Corp.
              • Exhibit 122: Sealed Air Corp. - Overview
              • Exhibit 123: Sealed Air Corp. - Business segments
              • Exhibit 124: Sealed Air Corp. - Key news
              • Exhibit 125: Sealed Air Corp. - Key offerings
              • Exhibit 126: Sealed Air Corp. - Segment focus
            • 10.11 Smurfit Kappa Group
              • Exhibit 127: Smurfit Kappa Group - Overview
              • Exhibit 128: Smurfit Kappa Group - Business segments
              • Exhibit 129: Smurfit Kappa Group - Key news
              • Exhibit 130: Smurfit Kappa Group - Key offerings
              • Exhibit 131: Smurfit Kappa Group - Segment focus
            • 10.12 Sonoco Products Co.
              • Exhibit 132: Sonoco Products Co. - Overview
              • Exhibit 133: Sonoco Products Co. - Business segments
              • Exhibit 134: Sonoco Products Co. - Key offerings
              • Exhibit 135: Sonoco Products Co. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 136: Inclusions checklist
                • Exhibit 137: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 138: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 139: Research methodology
                • Exhibit 140: Validation techniques employed for market sizing
                • Exhibit 141: Information sources
              • 11.5 List of abbreviations
                • Exhibit 142: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Automotive Parts Packaging Market market growth will increase by $1.90 bn during 2022-2026.
              The automotive parts packaging market market is expected to grow at a CAGR of 4.6% during 2022-2026.
              Technavio has segmented the automotive parts packaging market market by product (Folding carton, Corrugated box, and Others) and geography (APAC, North America, Europe, South America, and Middle East and Africa).
              Cascades Inc., Deufol SE, DS Smith Plc, EZ Custom Boxes, GWP Group Ltd., IPS Packaging and Automation, JIT Packaging Inc., Mondi plc, Nefab AB, Pacific Packaging Products Inc., Packaging Corp. of America, Packman industries, Pratt Industries Inc., Sealed Air Corp., Signode India Ltd., Smurfit Kappa Group, Sonoco Products Co., Sunbelt Paper and Packaging, THIMM Group GmbH Co. KG, Victory Packaging LP are a few of the key vendors in the automotive parts packaging market market.
              APAC will register the highest growth rate of 46% among the other regions. Therefore, the automotive parts packaging market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the automotive parts packaging market market growth are:
              • Increasing demand for protective packaging
              • Growing preference for disposable packaging
              The automotive parts packaging market market vendors should focus on grabbing business opportunities from the folding carton segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
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              • What are the key factors driving and challenging this market’s growth?
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              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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