- ID: 5116478
- June 2020
The Global Transit Packaging Market is growing at a CAGR of 7.3% during 2019 to 2027. Rise in the trade activities and increasing demand from several end-user industries, such as construction, automotive, etc. are some of the elements fueling market growth. However, certain manufacturing domains are undergoing expansion struggles which are negatively impacting to the growth of the market.
Transit packaging is the import and export of goods; need a higher level of care and meticulousness, which further needs effective and efficient packaging solutions related to transit.
Based on the end user, the food and beverage segment is estimated to have a lucrative growth due to demanding successful and well-organized transit packaging solutions, due to the improved production of horticulture items. These factors are contributing to the development of this market.
By geography, Europe is likely to have a huge demand due to robust construction activities across different industries in Europe have resulted into huge implementation of transit packaging solutions, with food & beverage existing as the largest application area. Other factors together with industrialization, surging international trade, and urbanization will further drive demand for this market in Europe.
Some of the key players profiled in the Transit Packaging Market include Mondi, Smurfit Kappa, Greif, DS Smith, Sonoco Products Company, Belmont Packaging, Georgia-Pacific, GWP, BillerudKorsns, Cardboard Box Company, Cascades, Cellofoam North America, De Jong Verpakking, Elopak AS and Eltete TPM.