LONDON--(BUSINESS WIRE)--The global automotive parts packaging market is expected to post a CAGR of more than 4% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
End-users in the automotive industry are increasingly adopting protective packing methods such as molded pulp packaging due to its advantages over traditional packaging methods. Pulp packaging can be redesigned according to requirements. Pulp packaging method is also eco-friendly and recyclable as recycled paperboards and newsprints are used as raw materials. Moreover, it is cost-effective and is available in various types of protective packaging such as paper cushion packaging and honeycomb packaging. Therefore, the increasing demand for protective packaging from the automotive industry is a crucial factor driving the growth of the market.
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR30278
As per Technavio, increasing market consolidation will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Automotive Parts Packaging Market: Increasing Market Consolidation
The market is witnessing an increase in the number of mergers and acquisitions among market players. Vendors are adopting such strategies to increase their market share and stay competitive in the market. For instance, in February 2017, Mondi acquired Excelsior Technologies, a major player in flexible packaging solutions. Similarly, DS Smith acquired Corrugated Container Corporation, USA in 2018. Such M&As are expected to increase during the forecast period. This will positively impact the growth of the global automotive parts packaging market.
“Growing preference for disposable packaging and the premiumization of folding cartons will further boost market growth during the forecast period”, says a senior analyst at Technavio.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Global Automotive Parts Packaging Market: Segmentation Analysis
This market report segments the global automotive parts packaging market by product (folding carton, corrugated box, and others), and geography (Americas, APAC, and EMEA).
The APAC region led the market in 2018, followed by EMEA and the Americas respectively. During the forecast period, the APAC region is expected to maintain its dominance over the market due to the increasing sale of automobiles in the region.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Request a free sample report
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Geographic comparison
- Key leading countries
- Landscape disruption
- Competitive scenario
- Vendors covered
- Vendor classification
- Market positioning of vendors
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.