According to the global automotive parts packaging market report by IMARC Group, finds that the market size reached US$ 5.99 Billion in 2021. Looking forward, IMARC Group expects the market is anticipated to reach a value of US$ 7.74 Billion by 2027, expanding at a CAGR of 4.27% during 2022-2027.
Industry Definition and Application:
Automotive parts packaging aids in protecting valuable vehicle parts from scuffs, dents, vibrations, dings, damages, etc., during the storage and shipping processes. It generally consists of barrier materials, tubing, harnesses, straps, edge protectors, and corrugated boxing solutions. The various components used in automotive parts packaging are batteries, cooling systems, underbody components, automotive filters, engines, lighting, electrical arts, etc. As such, they find extensive usage across the automotive industry.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Automotive Parts Packaging Market Trends and Drivers:
The escalating integration of telematics, in-vehicle infotainment systems, and advanced driver assistance systems (ADAS) in automobiles is primarily driving the automotive parts packaging market. Besides this, the launch of favorable policies by government bodies to encourage the adoption of electric vehicles (EVs) as they emit fewer greenhouse gases (GHGs) and air pollutants is further augmenting the market growth.
Apart from this, automobile vehicles comprise of several small, medium, and large-sized components that are assembled by the automotive original equipment manufacturers (OEMs). In line with this, the inflating production of heavy components, such as cooling systems, is also catalyzing the global market. Moreover, owing to the elevating environmental awareness among consumers, bio-based packaging materials are being utilized, which is acting as another significant growth-inducing factor.
In addition to this, the expanding exports of automotive parts across countries are also positively influencing the product demand. Furthermore, continuous technological advancements in supply chain management are anticipated to bolster the automotive parts packaging market over the forecasted period.
Global Automotive Parts Packaging Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
DS Smith plc, Knauf Industries, Mondi plc, Nefab AB, Primex Plastics Corporation (ICC Industries Inc.), Schoeller Allibert Services B.V., Sealed Air Corporation, Signode India Ltd., Smurfit Kappa Group plc, Sonoco Products Company, Sunbelt Paper & Packaging Inc. and WestRock Company.
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The report has segmented the market on the basis of region, component type, product type and packaging type.
Breakup by Component Type:
- Cooling System
- Underbody Components
- Automotive Filter
- Engine Components
- Lighting Components
- Electrical Components
Breakup by Product Type:
- Bulk Containers and Cases
- Bags and Pouches
- Folding Cartons
- Corrugated Products
- Protective Packaging
The Breakup by Packaging Type:
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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