The global transit packaging market size reached US$ 231.25 billion in 2023 and is projected to hit around US$ 454.48 billion by 2033, expanding at a CAGR of 6.99% during the forecast period from 2024 to 2033. Increasing launch of the new automobile parts has risen the demand for the transit packaging globally which is estimated to drive the growth of the global transit packaging market.
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Transit Packaging Market Key Takeaways
- North America dominated the global corrugated boxes market share with 34.25% in 2023.
- Asia Pacific is expected to grow at a significant rate in the market during the forecast period.
- North America is expected to grow at 7.34% CAGR from 2023 to 2033
- By material, the paper & paperboard segment dominated the market with the largest share in 2023.
- By packaging type, the rigid segment has shown significant growth rate in the market in 2023.
- By product type, the boxes & cartons segment dominated the market in 2023.
- By end use, the food & Beverages segment dominated the market in 2023.
Market Overview
Packaging can take many different forms. Depending on the items or materials shipping and the level of protection needed, consumers need different types of transit packing. “Transit Packaging” is something that’s frequently disregarded in packaging. Transit packaging is designed to endure several transit stressors including moisture, vibration, compression, etc. and is mostly used for business-to-business transactions. Additionally, transit packaging differs greatly from retail packaging. While transit packaging puts the protection and durability of the goods first, retail packaging places greater emphasis on the presentation and advertising of the products.
The supply chain of any company must include transit packaging. Reliable packing reduces product damage and advances company. Let’s examine the advantages, classifications, and varieties of transportation packaging. The initial or deepest layer of packing is called primary packaging. Transit packaging facilitates the effective transportation of goods from one location to another in a world where prompt delivery and customer satisfaction are critical. It helps with effective logistics and lessens loss in addition to making the loading, unloading, stacking, and moving of goods easier.
Overview of China Import and Export Data: Global Freight, Packaging, and Logistics Information (Dec 31, 2021 – Dec 31, 2022)
From December 31, 2021, to December 31, 2022, various international shipments were made, including carton boxes, gift boxes, and laminating paper. Shipments from China included:
- 536 carton boxes transported from China to Mexico on the vessel Tuo Yuan, weighing 7,477.5 kg and with a CBM of 72.01.
- 640 carton boxes shipped to Italy on the NYK Triton, weighing 6,016 kg with a CBM of 50.22.
- 225 carton boxes sent to Spain, also on the NYK Triton, weighing 1,910.5 kg with a CBM of 28.93.
- Laminating paper exported to Saudi Arabia on the Hyundai Europe, with 48 units in 3 TEU.
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