The "Global Automotive Parts Packaging Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The automotive parts packaging market will register a CAGR of over 4% by 2023.
Disposable packaging companies are offering innovative products to increase their market share during the forecast period. For instance, Opti NX shrink film developed by Sealed Air has better tear resistance than traditional products and enables easier packaging of irregularly shaped products with shrink films.
The demand for low-cost and high efficiency disposable products such as bubble wraps is also increasing. Thus, the growing preference of disposable packaging and product innovations will boost the growth of automotive parts packaging market.
Increasing demand for protective packaging
The demand for protective packaging solutions such as paper cushion packaging and honeycomb packaging is increasing in the automotive industry. Molded pulp packaging is also gaining popularity in the automotive parts packaging industry.
Molded pulp packaging is eco-friendly and costs less than traditional packaging. It can also be redesigned according to product requirements. These advantages of protective packaging will increase its demand which in turn will drive the growth of the automotive parts packaging market.
Rise in raw material cost
The high volatility of the prices of raw materials used for manufacturing disposable packaging materials is hurting the growth prospects of the market.
Wood pulp is one of the primary raw material used for automotive parts packaging. Its price depends on the availability of wood and recycled paper. The price of packaging increases if there is any shortage of wood pulp. Increasing environmental concerns will increase the prices of wood pulp during the forecast period which in turn will hamper market growth.
Market Trends
Key Players
Topics Covered
1. Executive Summary
2. Scope of the Report
3. Market Landscape
4. Market Sizing
5. Five Forces Analysis
6. Market Segmentation by Product
7. Customer Landscape
8. Geographic Landscape
9. Decision Framework
10. Drivers and Challenges
11. Market Trends
12. Vendor Landscape
13. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/f82g8g/global_automotive?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20181211005624/en/
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Related
Topics: Automotive
Parts, Packaging