Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Corrugated Automotive Packaging Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 3.1% during the review period (2022 to 2027).
Corrugated Automotive Packaging refers to a packaging system that effectively retains, protects, and transports a wide range of items. Due to its benefits, such as biodegradability, light weight, recyclability, the adoption of corrugated board packaging is growing quickly.
Increasing penetration of automotive aftermarket as well as original equipment manufacturer supply, rising number of applications in various end use sectors, increasing necessity of the products for customization packaging, progress of the automotive market due to the prevalence of connectivity technologies, electrification, autonomous operations and passenger comfort are some of the major as well as vital factors which will likely to augment the growth of the corrugated automotive packaging market in the projected timeframe of 2022-2027. On the other hand, Growing electrification of the automotive market, increasing demand for autonomous vehicles, stringent mandates for automotive packaging, growing demand for customized packaging solutions for sensitive sensors and electrical components, changing packaging trends, and increasing demand for sustainable packaging are certain key aspects that stimulus corrugated automotive packaging consumption.
January 25, 2022: Franklin Mountain Capital Launches Franklin Mountain Packaging--
Franklin Mountain Capital (FMC), a Scottsdale-based firm providing long-term capital and operating expertise to small and midsize companies in the Southwestern US, announced today the launch of Franklin Mountain Packaging (FMP). FMP, based in Santa Teresa, New Mexico, will produce corrugated sheets composed of traditional flute (B,C,E,F and double wall) and micro-flutes (F,N) along with providing superior, high-quality digital printing services.
Wed, 23. March 2022: Mondi accelerates sustainable growth plans with €280 million investment in Corrugated Packaging--
Mondi, a global leader in packaging and paper, is investing €280 million in Corrugated Packaging operations across four countries to boost production and to serve customers more efficiently. This includes around €185 million across its central and eastern European Corrugated Solutions plant network and €95 million at Mondi Ĺwiecie’s containerboard mill in Poland - demonstrating Mondi’s commitment to its customers, its people, and to responsible and sustainable production.
Corrugated Automotive Packaging Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Application, it is segmented into
Region wise, Asia-Pacific dominates the corrugated automotive packaging industry due to the growing demand of reusable packaging, adoption of safety standards, availability of cost effective and sustainable product, rising consumer awareness regarding the welfares of sustainable packaging material along with growth of the automotive, electronics and aerospace industry. China has a fast progressing automotive industry which marks it a worthwhile market for corrugated automotive packaging manufacturers. Growing demand for EVs in China is expected to majorly influence corrugated automotive packaging market potential in this nation. The U.S. region is anticipated to hold the largest growth rate in the North America corrugated automotive packaging market due to the rising number of research and development activities, development of corrugated packaging with concentrated risks of contamination along with evolution of the automotive industry in the region.
The Corrugated Automotive Packaging Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Corrugated Automotive Packaging Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 3.1% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Nefab Group, Victory Packaging, Sealed Air Corporation, Mondi Group, DS Smith, Smurfit Kappa Group, Encase, Pacific Packaging Products, Sunbelt Paper & Packaging, Corrugated Case, OrCon Industries, Kunert Wellpappe Biebesheim |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 158 |
Customization Available | Yes, the report can be customized as per your needs |
What is the growth rate of Corrugated Automotive Packaging Market?
The Corrugated Automotive Packaging Market is growing at a CAGR of 3.1% over the next 5 years.
Who are the key players in Corrugated Automotive Packaging Market?
Nefab Group, Victory Packaging, Sealed Air Corporation, Mondi Group, DS Smith, Smurfit Kappa Group, Encase, Pacific Packaging Products, Sunbelt Paper & Packaging, Corrugated Case, OrCon Industries, Kunert Wellpappe Biebesheim
What are the significant types of Corrugated Automotive Packaging Market?
Expendable, Returnable, Others
What are the major end-use applications of Corrugated Automotive Packaging Market?
Automotive Machinery Parts Packaging, Automotive Interior Packaging, Others
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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