The Transit Packaging Market to Reach $152.7 Billion by 2030 at a CAGR of 5.8% During 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. However, the increasing overall packaging costs due to dynamic regulatory policies restrain the growth of the transit packaging market. The growing need for eco-friendly packaging solutions and the rising demand for customized packaging are expected to create market growth opportunities. However, additional distribution channel costs are a major challenge for the players operating in this market. The internet of packaging and digital printing are the latest trends in the transit packaging market.
Here are the top 10 companies operating in the Transit Packaging Market
Smurfit Kappa Group plc (Ireland)
Founded in 1934 and headquartered in Dublin, Ireland, Smurfit Kappa Group plc is a leading provider of paper-based packaging solutions. The company offers corrugated, containerboard, bag-in-box, and solid board packaging solutions.
Smurfit Kappa provides transit packaging solutions for the automotive, food and beverages, chemical, pharmaceuticals, and electronics sector. The company operates in the market through two business segments, namely, Packaging and Paper. Its transit packaging portfolio comprises consumer packaging solutions, industrial packaging solutions, e-commerce packaging, and retail packaging.
Mondi Group plc (U.K.)
Founded in 1967 and headquartered in Weybridge, U.K., Mondi Group plc is a global leader in packaging and paper. The company develops and manufactures sustainable consumer and industrial packaging solutions and provides high-quality and innovative corrugated packaging solutions, from standard transit cardboard boxes to bespoke corrugated packaging.
Mondi operates in the market through four business segments, namely, Corrugated Packaging, Flexible Packaging, Engineered Materials, and Uncoated Fine Paper. Its transit packaging portfolio comprises corrugated solutions, industrial bags, specialty kraft paper, and functional films.
DS Smith Plc (U.K.)
Incorporated in 1940 and headquartered in London, U.K., DS Smith Plc is a leading provider of flexible and sustainable transport packaging solutions. The company develops corrugated cardboard solutions to protect products during packaging, storage, and distribution.
DS Smith’s transit packaging portfolio comprises fiber-based pallets, transport cases, edge protectors, and corrugated trays. The company’s corrugated trays provide versatile packaging solutions for cans, bottles, trays and pouches on both automatic and manual packing lines.
Packaging Corporation of America (U.S.)
Founded in 1959 and headquartered in Illinois, U.S., Packaging Corporation of America is a leading producer of containerboard products and uncoated freesheet (UFS) paper in North America. The company has 8 mills and 90 corrugated products plants and related facilities. It operates in the market through two business segments, namely, Packaging and Paper.
The Packaging segment specializes in the manufacturing and sales of containerboard and corrugated products. The company’s transit packaging portfolio includes corrugated containers and protective packaging solutions.
WestRock Company (U.S.)
WestRock is a corrugated packaging company that provides sustainable paper and packaging solutions. The company’s corrugated cardboard shipping boxes & packaging boxes offer competitive sustainability & durability advantages in the global strategic marketplace.
The company operates in the market through four business segments, namely, Corrugated Packaging, Consumer Packaging, Global Paper, and Distribution. Its transit packaging portfolio comprises corrugated solutions, folding cartons, specialty printing & packaging, and partitions & protective packaging.
Meticulous Research in its latest publication on Transit Packaging Market has predicted the growth of 5.8% during the forecast year 2023-2030.
International Paper (U.S.)
Founded in 1898 and headquartered in Tennessee, U.S., International Paper is a leading producer of fiber-based packaging and pulp. The company produces corrugated packaging products that protect and promote goods and enable worldwide commerce and pulp for diapers, tissue, and other personal care products that promote health and wellness.
International Paper operates in the market through two business segments, namely, Industrial Packaging and Global Cellulose Fibers. The company’s transit packaging portfolio comprises corrugated packaging, heavy duty & bulk packaging, and consumer packaging.
Crown Holdings, Inc. (U.S.)
Founded in 1892 and headquartered in Pennsylvania, U.S., Crown Holdings is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. The company’s portfolio includes packaging consumables, tools, software, and equipment that optimize end-of-line packaging operations and protect products in transit.
Crown Holdings operates in the market through five business segments, namely, Americas Beverage, European Beverage, Asia Pacific, Transit Packaging, and Other.
Greif, Inc. (U.S.)
Founded in 1877 and headquartered in Ohio, U.S., Greif, Inc. is a global leader in industrial packaging solutions. The company produces steel, plastic, fiber drums, intermediate bulk containers, reconditioned containers, containerboard, uncoated recycled paperboard, coated recycled paperboard, tubes and cores, and a diverse mix of specialty products.
The company operates in the market through two business segments, namely, Global Industrial Packaging and Paper Packaging & Services. Its transit packaging portfolio comprises intermediate bulk containers, corrugated bulk boxes, and adhesives.
Sonoco Products Company (U.S.)
Founded in 1899 and headquartered in South Carolina, U.S., Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services. The company provides transit packaging solutions for the automotive, healthcare, food and beverages, construction, textiles, electronics, and appliances sectors. It operates in the market through three business segments, namely, Consumer Packaging, Industrial Paper Packaging, and All Other.
Sonoco ThermoSafe, a unit of Sonoco, provides temperature assurance packaging for the safe and efficient transport of pharmaceuticals, biologics, vaccines and other temperature-sensitive products. The company’s transit packaging portfolio comprises temperature assurance, foam packaging, rigid paper containers, and flexible packaging.
Nefab Group AB (Sweden)
Founded in 1949 and headquartered in Jönköping, Sweden, Nefab Group AB is a global industrial packaging provider. The company provides complete packaging solutions, logistics services, and optimization programs that save financial and environmental resources in customers’ supply chains.
Nefab offers a broad range of packaging products for transportation, material handling and storage, automotive, energy, aerospace, and healthcare. Its transit packaging portfolio comprises corrugated boxes, wooden crates, plywood packaging, and corrosion protection.
Authoritative Research on the Transit Packaging Market – Global Opportunity Analysis and Industry Forecast (2023-2030)
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- Recent financial performance
- Key products
- Significant company strategies
- Partnerships and acquisitions
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