Automotive Parts Packaging Market
Automotive Parts Packaging Market Size And Forecast
According to Verified Market Research, Global Automotive Parts Packaging Market was valued at USD 7.07 Billion in 2018 and is projected to reach USD 9.57 Billion by 2026, growing at a CAGR of 3.84% from 2019 to 2026.
Global Automotive Parts Packaging Market Outlook
Increasing immersion of electrical & electronic equipment in automobiles and the customer preference for eco-friendly packaging coupled with the high demand for the ridged packaging products is fueling the demand for the market. The rapid growth in the use of disposable packaging as it is being used once only is likely to increase the boost the demand for the more effective packing methods. However, stringent government regulation is a major factor that may hamper the growth of the market. Since the waste generated for the packaging of electronic and electrical parts is increasing. Therefore, this might affect the growth of the market.
Global Automotive Parts Packaging Market Competitive Landscape
The Global Automotive Parts Packaging Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Sealed Air Corporation, Mondi Group Plc, DS Smith Plc, Sonoco Products Company, Smurfit Kappa Group, Deufol SE, Encase Ltd., The Nefab Group, Primex Design & Fabrication Corporation, and Sunbelt Paper & Packaging Inc..
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