The Logistics Packaging Market size was valued at USD 24,569 million in 2022 and is projected to reach USD 36,577.1 million by 2030, growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2023 to 2030.
Throughout the supply chain, logistics packaging is essential to the movement and storage of goods, guaranteeing their integrity and safety. The e-commerce boom and growing globalization have led to a notable increase in the need for effective and safe packaging solutions.
There are various reasons for the market's remarkable expansion. First off, the logistics sector has seen a radical transformation thanks to the growing utilisation of cutting-edge technology like IoT-enabled tracking systems and smart packaging solutions. These developments improve supply chain efficiency and lower the possibility of damage or loss during transportation by offering real-time visibility and monitoring capabilities.
Additionally, the growing emphasis on sustainability and eco-friendly practices has fueled the demand for environmentally conscious packaging solutions. As consumers become more conscious of their environmental footprint, businesses are under pressure to adopt sustainable packaging materials and practices. This shift towards greener alternatives has opened up new opportunities for market players to develop innovative packaging solutions that are both efficient and eco-friendly.
Furthermore, the rapid expansion of the e-commerce sector has significantly impacted the logistics packaging market. The surge in online shopping has led to an exponential increase in parcel shipments, necessitating robust packaging solutions to withstand the rigors of transportation. As a result, companies are investing in durable and protective packaging materials to ensure the safe delivery of goods to customers' doorsteps.
Geographically, North America and Europe dominate the logistics packaging market, owing to their well-established logistics infrastructure and high adoption of advanced packaging technologies. However, emerging economies in Asia Pacific, such as China and India, are witnessing substantial growth due to the rapid industrialization and increasing consumer demand.
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KEY MARKET SEGMENTATION
By Packaging Durability Type
· Flexible Logistics Packaging
· Rigid Logistics Packaging
By Material Durability Type
· Durable Goods
· Non-Durable Goods
By Material
· Plywood
· Wood
· Corrugated
· Plastic
· Steel
· Others
By End-users
· Automotive
· Healthcare
· Food Beverages
· Manufacturing
· Consumer Goods
· Others
By Type
· Individual packaging
· Inner packaging
· Outer packaging
Key Players
Some major key playersare Braid Logistics, Trans Ocean Bulk Logistics,BLT Flexitank Industrials Co. Ltd., BAG Corp., Jumbo Bag Corporation, Boxon USA.,Buske Logistics, and other key players will be included in the final report.
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