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

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?

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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?

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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?

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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	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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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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