Tertiary Packaging Market Size, Trends and Developments
Tertiary packaging market is expanding because of the growing global trade, the growth of e-commerce and the protective logistics. The companies are using the tertiary packaging to invent the new packages that will help to protect the products during transportation.
Tertiary packaging is one of the three kinds of packaging that are used to safeguard goods for shipping or storing. It is meant to safeguard not only the product but also its transit and other packaging. Tertiary packaging is usually removed by retailers before the products are ready to be displayed for sale.
North America in the Tertiary Packaging Market
North America is the fastest-growing region in the tertiary packaging sector. The rapid increase in palletization and containerization within shipments has led to the region’s dominance in overseas container shipping. This growth is driven by high demand and superior transportation services available in North America, with the United States being the largest consumer of container shipping, followed closely by Canada.
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The U.S. imports containers from various countries, reflecting the rising demand for tertiary packaging. This surge is largely attributed to e-commerce giants like Walmart, Alibaba, and Amazon, which are working to replenish their supplies after a year of pandemic-related disruptions. Additionally, rising sea freight shipping rates have spurred increased shipbuilding activities.
The aggregate packaging from third-party packagers and leaders in tertiary packaging is on the rise. The robust manufacturing sector in North America is driving demand for tertiary packaging, with manufacturers increasingly adopting sustainable practices to produce eco-friendly packaging options. As a result, significant growth in the tertiary packaging market is anticipated in the coming years.
For example, in January 2023, CARTIER Packaging announced its acquisition of Complete Packaging Systems, a Canadian company that also operates in the United States, specializing in the optimization and securing of transport packages, particularly in the railway industry.
Market Dynamics
- Driver: There is a growing demand for protective and preservative packaging products in the tertiary packaging market that ensure safety during transportation, throughout the supply chain, and during storage.
- Restraint: The use of plastic in tertiary packaging poses environmental concerns. Manufacturers are increasingly focusing on developing sustainable products to reduce plastic content in their packaging.
- Opportunity: Companies have the chance to tap into the rapidly growing digital transformation and e-commerce sectors, which will drive further demand for tertiary packaging solutions.
Market Companies
The market is fragmented with multiple large scale and small scale players. Tertiary packaging leading market players are DS Smith, Becton, Owens Illinois, Inc., WestRock Company, Comar, Amcor plc, SGD Pharma, Schott AG, Gerresheimer AG, AptarGroup, and Dickison.
Market Segments
By Material
- Paper & Paperboard
- Plastic
- Polyethylene
- LDPE
- HDPE
- Polypropylene
- Polyvinyl Chloride
- Polystyrene
- PET
- Polyethylene
- Metal
- Aluminium
- Tin
- Others
By Product Type
- Corrugated Box
- Crates
- Containers
- Trays
- Drums
- Pallets
By End User
- Contract Packaging
- Pharma Manufacturer
- Warehouse & Logistics
- Chemicals Manufacturer
- Others
By Region
- Asia Pacific
- North America
- Europe
- Latin America
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