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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.
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"Surge in consumer and passenger automobile production will facilitate the auto parts market growth in APAC over the forecast period."
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
Key Automotive Parts Packaging Market Trend
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
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.
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.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
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.
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.
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.
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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.
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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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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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