Automotive Parts Packaging Market Size and Growth Analysis 2027

Automotive Parts Packaging Market to 2027 - Global Analysis and Forecasts by Product Type (Pallets, Crates, Cartons, Bags & Pouches, Trays, and Others); Packaging Type (Reusable and Disposable); and Component (Battery, Cooling Systems, Lighting Component, Engine Component, Electricals, and Others)

Publication Month : Feb 2019

  • Report Code : TIPAT00002684
  • Category : Automotive and Transportation
  • Status : Published
  • No. of Pages : 184
Inquire Before Buy

PRICING

$4550

$2730

The Automotive Parts Packaging market was valued at US$ 2,182.6 Mn in 2018 and is projected to reach US$ 3,124.9 Mn by 2027; it is expected to grow at a CAGR of 4.1% from 2017 to 2027.

A wholly integrated vehicle comprises of a large number of small, medium size and large components that are assembled together at the automobile OEM level. When these parts are assembled at the automotive OEM assembly line, the vehicle manufacturers need to remain ensured that parts are received without any defects. The assembled parts are often transported over a long distance, and have to travel through different means of transport. Packaging solutions ensure that these components reach to the end-user in a complete pristine condition. A plethora of components together constitute the automotive parts including engines, vehicle interiors, decorative items, grillers, spoilers, and engine components etc. Automotive parts packaging solutions maximize the use of packaging space, reduce packaging wastes and thereby creating lesser stress on the environment.

Also, the automotive industry involves a wide variety of complexity of packaging materials. The vehicle industry is one of the smallest contributors in the automotive parts packaging market for utilizing packaging solutions, considering food & beverage and pharmaceutical as two largest market. It is estimated that the automotive sector contributes to almost 5% of all industrial and transport packaging worldwide. Failure to cater the right packaging solution across the value chain of automotive manufacturing could incur huge costs to the customers, as well as the manufacturers leading to overall cost additions. Hence, it is mandatory for the automotive industry to have a high-quality packaging solution that can deliver high protection and thereby deliver higher value goods as well as parts.

The global is experiencing an intense growth with regards to the investments, regulations, green market initiatives, and implementation of cost-efficient transportation solutions that lead to overall cost reductions to the automotive OEMs. Companies operating in the automotive parts packaging arena are looking for integration with lean and just-in-time manufacturing supply chain management methodologies creating higher values to their customers. Various innovations and investigations are being carried out on using eco-friendly materials as raw materials for automotive parts packaging whose deployment for future in the current scenario and is anticipated to rise in the coming years. The market for automotive parts packaging consists of a handful of well-established players across the globe, which invest huge amounts in order to deliver the most advanced service to the customers. Also, there are many important stakeholders in the automotive parts packaging ecosystem. The customers for automotive parts packaging include a wide variety across the entire automotive value chain that also includes the vehicle OEMs. Strategic partnerships between technology providers and part manufacturers, technology providers and automotive OEMs are anticipated to enable huge surges in the market for automotive parts packaging during the forecast period. Packaging is considered to be extremely critical in the automotive supply chain as it determines the space to be made at the warehouses. Damaged products received during shipments incur losses across the entire value chain thereby decreasing profits for the automotive [art manufacturers. Further, the freight costs are also consistently rising owing to limited trucking capacity. As a result, ensuring that appropriate packaging is done for a particular automotive part becomes critical so that it does not occupy unnecessary space over the freight. As a result, for achieving cost minimizations, many companies offering automotive parts packaging solutions partner with supply chain management companies to lay high emphasis on the needs of their customers. APAC is expected to be the fastest growing region for the usage of automotive parts packaging. The major reason for this is the huge automotive hub in China. As China is the largest automotive hub in the world, highest market growth as well as market share is anticipated to be exhibited in this country. The new market initiatives and strategic partnerships are expected to continue during the forecast period, contributing to high growth of automotive parts packaging market in the region.

 

Lucrative Regions for Automotive Parts Packaging Market

Lucrative Regions for Automotive Parts Packaging Market
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

Market Insights

Increasing demand for aftermarket automotive parts

The aftermarket or replacement market plays an important role in automotive parts packaging market. With the increasing awareness of preventive maintenance as well as scheduled servicing of vehicles, consumers today are focusing in maximizing the lifespan value of their existing vehicles. This has significantly bolster the growth of aftermarket parts and services demand globally and has generated new revenue opportunities for an extensive number of players operating in the automotive aftermarket industry. One of the significant trend gaining traction is the momentum of e-commerce or e-tailing. Companies are now offering automotive parts online thus, appealing several customers worldwide. Another, aftermarket trend is the DIY products, which is further helping the customers to buy products and install them in their vehicles by themselves. However, the major demand of for the aftermarket parts is from the vehicle service providers.


Product Type-Based Market Insights

The global automotive parts packaging market by product type is broadly segmented into pallets, crates, cartons, bags & pouches, trays, and others. Different types of packaging products used in automotive packaging industry are available. Each type has their own pros and cons and the supplier of automotive parts has to select the product type depending on the experience, order’s content, volume and shape, and regulations so that the shipped product or part reach the final destination in a pristine condition. The parts in automotive industry varies greatly in size and composition.

Packaging Type -Based Market Insights

The global automotive parts packaging market by packaging type is broadly segmented into reusable and disposal. Automotive parts packaging industry needs are very dynamic in nature. The current demand for aftermarket parts by the consumers along with the durability and quality of cars manufactured requires flexible packaging solutions. The need and demand for automotive parts is rising together with this rising vehicle production. The present automotive industry offers a diverse variety of products and the supply chain involves several suppliers who contribute with different pieces required at the assembly plants.

Component – Based Market Insights

The global automotive parts packaging component market by component is broadly segmented into battery, cooling systems, lighting components, engine components, electricals, and others. There are thousands of automotive parts required to assemble a vehicle, which ranges from engines to the interior decorative pieces of the vehicle. The automotive industry is experiencing significant changes attributed to new areas including security systems, embedded systems, chassis control systems, and entertainment systems among others. Packaging solutions required for these systems is challenging and a complex task. Thus, specialized packaging is required for each and every automotive part.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Automotive Parts Packaging Market: Strategic Insights

automotive-parts-packaging-market
Market Size Value inUS$ 2,182.6 Million in 2018
Market Size Value byUS$ 3,124.9 Million by 2027
Growth rateCAGR of 4.1% from 2019-2027
Forecast Period2019-2027
Base Year2019
Analyst Image

Naveen

Have a question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst Image  Speak to Analyst

Product development is the commonly adopted strategy by companies to expand their product portfolio. DS Smith plc, Pacific Packaging Products Inc., Smurfit Kappa Group, JIT Packaging, Pratt Industries Inc., among others are the key players implementing strategies to enlarge the customer base and gain significant share in the global automotive parts packaging market, which in turn permits them to maintain their brand name. A few of the recent key developments are:

  • In 2019, Nefab Americas acquired Pacific Coast Packaging, a company which specializes in the design and manufacturing of custom wood, foam and corrugated packaging products. The acquisition is anticipated to serve to both strengthen company’s product offering as well as boost its presence in the Southern California market.
  • In 2019, Smurfit Kappa has opened a new plant in Tijuana, Mexico. The new folding carton plant will strengthen the company’s footprint in the Baja California region and neighboring Northern Mexico states. The new Tijuana plant, which began operating last month, uses state-of-the-art technology to produce folding carton packaging solutions including boxes and trays.

Automotive Parts Packaging Market Segmentation:

By Product Type

  • Pallets
  • Crates
  • Cartons
  • Bags & Pouches
  • Trays
  • Others

By Packaging Type

  • Reusable
  • Disposable

By Component

  • Battery
  • Cooling Systems
  • Lighting Component
  • Engine Component
  • Electricals
  • Others

Company Profiles

  • Sealed Air Corporation
  • DS Smith plc
  • Pacific Packaging Products Inc.
  • Smurfit Kappa Group
  • JIT Packaging
  • Pratt Industries Inc.
  • KNAUF Industries
  • Sonoco Products Company
  • Loscam Australia Pty Ltd.
  • Signode India Ltd
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Type ; Packaging Type ; and Component

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies - Automotive Parts Packaging Market

  1. CMTP Packaging Pty Ltd
  2. DS Smith Plc.
  3. Encase Ltd.
  4. JIT Packaging
  5. Nefab group
  6. Pacific Packaging Products Inc.
  7. Pratt Industries Inc.
  8. Sealed Air Corporation
  9. Smurfit Kappa Group
  10. Sonoco Products Company

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Automotive Parts Packaging Market