Transit Packaging Market by Type (Primary Packaging, Secondary Packaging, Tertiary Packaging, Ancillary Packaging), Sector (Food & Beverage, Pharmaceuticals, Retail & E-Commerce), and Geography—Global Forecast to 2030

Transit Packaging Market by Type (Primary Packaging, Secondary Packaging, Tertiary Packaging, Ancillary Packaging), Sector (Food & Beverage, Pharmaceuticals, Retail & E-Commerce), and Geography—Global Forecast to 2030

Transit Packaging Market by Type (Primary Packaging, Secondary Packaging, Tertiary Packaging, Ancillary Packaging), Sector (Food & Beverage, Pharmaceutical, and Retail & E-Commerce), and Geography - Global Forecast to 2030

The research report titled, ‘Transit Packaging Market by Type (Primary Packaging, Secondary Packaging, Tertiary Packaging, Ancillary Packaging), Sector (Food & Beverage, Pharmaceutical, and Retail & E-Commerce), and Geography—Global Forecast to 2030’ provides an in-depth analysis of transit packaging market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2030.

The global transit packaging market is projected to reach USD 152.7 billion by 2030, at a CAGR of 5.8% during the forecast period of 2023–2030. The growth of the transit packaging market is driven by the rapid growth of the e-commerce sector, the surging use of transit packaging in the food & beverage sector, the growing adoption of corrugated boxes across various sectors, and the increasing demand for transit packaging in the pharmaceuticals sector. In addition, the growing need for eco-friendly packaging solutions and the rising demand for customized packaging are expected to create market growth opportunities.

The transit packaging market is segmented by type (primary packaging [pouches, bags & sacks, cartons, foils, laminates, and wraps], secondary packaging [crates, trays], tertiary packaging [fiber boards, containers, pallets], ancillary packaging [printing & labeling, straps & tapes, cushioning material]), and sector (food & beverage, retail & e-commerce, paints & chemicals, building & construction, pharmaceuticals, electricals & electronics, automotive, industrial machinery & equipment, and other sectors). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on type, the global transit packaging market is segmented into primary packaging, secondary packaging, tertiary packaging, and ancillary packaging. In 2023, the primary packaging segment is expected to account for the largest share of the global transit packaging market. The large market share of this segment is attributed to the rising need to protect and preserve the finished products and the growing demand for primary packaging in the food & beverage and pharmaceutical sectors. However, the secondary packaging segment is projected to register the highest CAGR during the forecast period.

Based on sector the global transit packaging market is segmented into food & beverage, retail & e-commerce, paints & chemicals, building & construction, pharmaceuticals, electrical & electronics, automotive, industrial machinery & equipment, and other sectors. In 2023, the food & beverage segment is expected to account for the largest share of the global transit packaging market. This segment's large market share is attributed to the growing packaged food industry in emerging economies, the increasing demand for shelf-life extension of foods, and the increasing demand for hygienic food packaging. However, the pharmaceutical segment is projected to register the highest CAGR during the forecast period.

Based on geography, the global transit packaging market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global transit packaging market. Asia-Pacific’s large market share is attributed to government initiatives promoting sustainable packaging in the region, the rapidly growing e-commerce sector, and the surging usage of transit packaging in the food and beverage sector. Asia-Pacific is also projected to register the highest CAGR during the forecast period.

The key players operating in the global transit packaging market are WestRock Company (U.S.), International Paper (U.S.) Greif, Inc. (U.S.), Sonoco Products Company (U.S.), Mondi Group plc (U.K.), Smurfit Kappa Group plc (Ireland), DS Smith Plc (U.K.), Packaging Corporation of America (U.S.), Crown Holdings, Inc. (U.S.), Nefab Group AB (Sweden), Corplex (France), Smithpack Limited (U.K.), STI-Gustav Stabernack GmbH (Germany), GWP Group (U.K.), and Eltete TPM Ltd (Finland).

Key questions answered in the report-

Which are the high-growth market segments in terms of type and sector?
What is the historical market for transit packaging across the globe?
What are the market forecasts and estimates for the period of 2023–2030?
What are the major drivers, restraints, and opportunities in the global transit packaging market?
Who are the major players in the global transit packaging market, and what share of the market do they hold?
Who are the major players in various countries, and what share of the market do they hold?
How is the competitive landscape?
What are the recent developments in the global transit packaging market?
What are the different strategies adopted by the major players in the global transit packaging market?
What are the geographical trends and high-growth countries?
Who are the local emerging players in the global transit packaging market, and how do they compete with the other players?

Scope of the Report:

Transit Packaging Market, by Type

Primary Packaging
Pouches
Cartons
Bags & Sacks
Wet Strength Paper Bags
Woven Sacks
Paper Bags
Foils, Laminates and Wraps
Shrink Wraps
Cling Film
Bubble Wraps
Secondary Packaging
Crates
Trays
Tertiary Packaging
Pallets
Fiber Board
Containers
Bulk Containers
Wooden Containers
Ancillary Packaging
Printing & Labeling
Straps & Tapes
Cushioning Material

Transit Packaging Market, by Sector

Food & Beverage
Retail & E-commerce
Paints & Chemicals
Building & Construction
Pharmaceuticals
Electrical & Electronics
Automotive
Industrial Machinery & Equipment
Other Sectors

Transit Packaging Market, by Geography

North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
South Korea
Australia
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Israel
Rest of Middle East & Africa

Transit Packaging Market - Report Summary

Report Metrics	Details
Years Considered	2021 - 2030
Base Year	2022
Forecast Period	2023-2030
Page Count	238
Units Referenced	Value (USD Million)
Segments/Key Topics	Market by Type, Sector, and Geography
Regions Covered	North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa
Key Companies Mentioned	WestRock Company (U.S.), International Paper (U.S.), Greif, Inc. (U.S.), Sonoco Products Company (U.S.), Mondi Group plc (U.K.), Smurfit Kappa Group plc (Ireland), DS Smith Plc (U.K.), Packaging Corporation of America (U.S.), Crown Holdings, Inc. (U.S.), Nefab Group AB (Sweden), Corplex (France), Smithpack Limited (U.K.), STI-Gustav Stabernack GmbH (Germany), GWP Group (U.K.), and Eltete TPM Ltd (Finland).

FAQs About the Report

What is the revenue generated from the sale of transit packaging across the globe? At what rate is their demand expected to grow for the next 5–7 years?

The transit packaging market is projected to reach $152.7 billion by 2030, at a CAGR of 5.8% during the forecast period.

Which sector segment showcases high growth opportunities for players operating in the transit packaging market?

In 2023, the food & beverage segment is estimated to account for the largest share of the transit packaging market. The large market share of this segment is attributed to the rising demand for convenient and sustainable packaging solutions, the growth of the packaged food industry in emerging economies, and the increasing need to extend the shelf-life of food & beverage products.

What are the key factors driving the growth of the transit packaging market? What are the major opportunities for existing market players and new entrants in the market?

The growth of the transit packaging market is driven by the surging use of transit packaging in the food & beverage sector, the growing adoption of corrugated boxes across various sectors, the rising demand for transit packaging in the pharmaceuticals sector, and the rapidly growing e-commerce sector.

Furthermore, the growing need for eco-friendly packaging solutions and the rising demand for customized packaging are expected to offer significant growth opportunities for the players in this market.

What are the major players operating in the transit packaging market?

The key players operating in the transit packaging market include WestRock Company (U.S.), International Paper (U.S.), Greif, Inc. (U.S.), Sonoco Products Company (U.S.), Mondi Group plc (U.K.), Smurfit Kappa Group plc (Ireland), DS Smith Plc (U.K.), Packaging Corporation of America (U.S.), Crown Holdings, Inc. (U.S.), Nefab Group AB (Sweden), Corplex (France), Smithpack Limited (U.K.), STI-Gustav Stabernack GmbH (Germany), GWP Group (U.K.), and Eltete TPM Ltd (Finland).

Which regions/countries are expected to witness significant demand for transit packaging in the coming years?

At present, Asia-Pacific dominates the transit packaging market. However, Germany, Japan, China, India, South Korea, and the U.K. are expected to witness strong growth in demand for transit packaging in the coming years.