Corrugated Automotive Packaging Market Size & Share | Industry Trends Analysis Report for 2033

ByNiranjan karde

The Corrugated Automotive Packaging Market is on a robust growth trajectory, expected to achieve a valuation of US$ 2.0 billion in 2023, with projections reaching US$ 3.07 billion by 2033, reflecting a steady CAGR of 4.4%. This upward trend is driven by a confluence of factors. The expanding automotive industry plays a pivotal role, demanding high-quality packaging solutions to meet its evolving needs. Moreover, the market is propelled by the growing emphasis on environmental sustainability, as corrugated automotive packaging is both eco-friendly and recyclable, aligning with consumer and manufacturer preferences for minimal environmental impact.

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Customizability and flexibility further bolster its appeal, as corrugated packaging can be tailored to diverse product specifications and shapes, particularly suiting the automotive parts sector. The cost-effectiveness of corrugated packaging compared to alternatives enhances its adoption, while its capacity to ensure improved protection during transportation and storage caters to the delicate nature of automotive components. Additionally, the lightweight and efficient design of corrugated packaging optimizes supply chains, minimizing costs and amplifying its attractiveness to automotive parts manufacturers.

According to the report applications of corrugated packaging will primarily find use for lighting components, owing to safety standards associated with electronic parts, with boxes remaining a popular option for efficient logistical supply chain operations. The market is expected to gain from industry acquisition and capacity expansion strategies and investments toward product development.

In addition, continued demand for plastic and foam-based corrugated packaging and increased niche applications for engine and battery components are likely to aid the industry for years to come. On the other hand, strict regulations about automotive component standards in terms of safety and the environment will restrict industry prospects. Also, high capital costs in the industry are expected to restrict market developments to large-scale players.

Key Dynamics:

  • The corrugated automotive packaging market has been valued at over US$ 1.7 billion in 2019, and the growth rate of the market is likely to be strongly affected by the covid-19 outbreak, owing to lockdown restrictions on the manufacturing and automotive sectors
  • Corrugated boxes remain the preferred packaging format, owing to benefits in stacking, and efficiency in logistical operations from suppliers to end users
  • Packaging for automotive lighting will generate higher demand as that of batteries, engine components, filters, and electrical among others. Engine and battery packaging applications are likely to reflect faster growth owing to lower risk of accidental discharges

East Asia remains a leading market, supported by a vast automotive industry and numerous packaging material manufacturing facilities. Further, South Asia is also expected to be a key contributor on the back of demand from India, Indonesia, and Thailand.

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Key Segment:

By Product Type :

  • Boxes
  • Crates
  • Trays
  • Partitions
  • Pallets
  • Octabins
  • PoP Displays

 By Layer Type:

  • Single Face
  • Single Wall
  • Double Wall
  • Triple Wall

 By Automotive Part:

  • Automotive Filters
  • Batteries
  • Engine Components
  • Lighting Components
  • Underbody Components
  • Electrical Components
  • Cooling Systems

 By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa (MEA)