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Packaging plays a significant role in the protection from any kind of damage and protect the product from environmental damages which includes, dust, moisture, rain, etc. Moreover, it also supports in marketing the product to consumers. Automotive parts packaging is a type of packaging basically used for the packaging of automotive parts and includes three types such as primary, secondary and tertiary. Based on the product type the type of packaging is decides by the OEM manufacturer.
The global market is estimated and forecasted in terms of volume (KT) and revenue (USD million) generated by the automotive parts packaging market. The automotive parts packaging market is primarily driven by rising demand and requirement of automobiles as well as after sales market for spare devices and rising demand for of reusable packaging. In addition, increasing production and packaging of heavy components such as cooling systems, engine components, has also impacted the global automotive parts packaging market in a positive way. However, factor hindering the growth of the market includes, fluctuation of demand from the automotive and spare parts manufacturers. One of the major trends which will influence the automotive parts packaging market during the forecast period is the significant shift of consumers towards bio-based packaging materials owing to increasing concern for environment protection.
The report analysis the global automotive parts packaging market based on product type, packaging type, components and geography.
Based on product type, the automotive parts packaging market is segmented into bags & pouches, corrugated boxes, crates, folding carton, pallets, reusable containers and cases, trays and protective packaging. Protective packaging products include foams, ESD packaging, loose fill peanuts and end caps. In 2017, the protective packaging segment accounted for highest market share of the automotive parts packaging market. Moreover, the corrugated boxes segment is anticipated to grow at a faster pace during the projected period owing to rising demand of consumer preference for eco-friendly and bio-degradable plastic packaging products are the major factors leading to robust the growth of the corrugation boxes in the global automotive parts packaging market.
By packaging type, the automotive parts packaging market is categorized into, reusable and disposable. The reusable segment is forecasted to gain maximum share in the global automotive parts packaging market. The increasing concern of the consumer for protection of environmental, waste management and less cost associated with the reusable packaging material are the major factors anticipated to boost the growth of reusable segment during the forecast period.
Moreover, based on components, the market is segmented into, electrical components, automotive filter, battery, cooling system, engine components, lighting component and underbody component. The electrical component segment is expected to grow at a faster pace during the forecast period and account for the largest share of the total market. The segment growth can be attributed to growing demand for electronic and electrical equipment in the automobile sectors and increasing concern for the quality and protection of electrical equipment used in the automotive industry.
By geography, the global automotive parts packaging market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world. Rest of the world includes Latin America, and Middle East & Africa. Asia pacific lead the global automotive parts packaging market in 2017. This region is also anticipated to witness highest growth rate during the forecast period, owing to robust growth of the automotive sector in the region and presence of enormous number of automotive parts packaging providers in the Asia Pacific region. In Asia Pacific, China is the major contributor in terms of revenue.
Some of the key participants of the automotive parts packaging market are Sealed Air, Mondi, DS Smith, Sonoco Products Company, Smurfit Kappa Group, Deufol, Encase Ltd, NEFAB GROUP, Sunbelt Paper & Packaging, LOSCAM, CMTP, JIT Packaging, Pratt Industries, Inc, Signode India, Pacific Packaging Products, Inc, Monoflo, Victory Packaging, Knauf Industries, Schoeller Allibert. Most of the prominent companies are aiming at capturing the considerable market share through new product development and research and development at global level. Product differentiation, price, promotion and distribution strategies will provide long term growth opportunities for the market players in the automotive parts packaging market.
Automotive parts packaging is a coordinated system of preparing automotive parts for safe, secure, efficient and effective handling, transport and distribution, storage and retailing, consumption and recovery, reuse or disposal combined with maximizing consumer value, sales and profit. Automotive parts packaging is a type of packaging basically used for the packaging of automotive parts and includes three types such as primary, secondary and tertiary. Based on the product type the type of packaging is decides by the OEM manufacturer. The global automotive parts packaging market is segmented into, product type, packaging type, components and geography. Based on product type, the automotive parts packaging market is segmented into bags & pouches, corrugated boxes, crates, folding carton, pallets, reusable containers and cases, trays and protective packaging. Protective packaging products include foams, ESD packaging, loose fill peanuts and end caps. By packaging type, the automotive parts packaging market is categorized into, reusable and disposable. Moreover, based on components, the market is segmented into, electrical components, automotive filter, battery, cooling system, engine components, lighting component and underbody component. By geography, the global automotive parts packaging market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world. Rest of the world includes Latin America, and Middle East & Africa. Asia pacific lead the global automotive parts packaging market in 2017. This region is also anticipated to witness highest growth rate during the forecast period, owing to robust growth of the automotive sector in the region and presence of enormous number of automotive parts packaging providers in the Asia Pacific region. In Asia Pacific, China is the major contributor in terms of revenue. Some of the key participants of the automotive parts packaging market are Sealed Air, Mondi, DS Smith, Sonoco Products Company, Smurfit Kappa Group, Deufol, Encase Ltd, NEFAB GROUP, Sunbelt Paper & Packaging, LOSCAM, CMTP, JIT Packaging, Pratt Industries, Inc, Signode India, Pacific Packaging Products, Inc, Monoflo, Victory Packaging, Knauf Industries, Schoeller Allibert.
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