Europe Automotive Parts Packaging Market to Reach US$ 968.7 Mn at CAGR of 3.8% in 2027

The automotive parts packaging market in Europe is expected to grow from US$ 698.4 Mn in 2018 to US$ 968.7 Mn by the year 2027 with a CAGR of 3.8% from the year 2019 to 2027.

The increase in vehicle production in Europe and the increase in the sales of aftermarket automotive parts are bolstering the growth of the automotive parts packaging market. Moreover, the growth in the electric vehicle market is anticipated to boost automotive parts packaging market growth in the forecast period. The automobile manufacturers worldwide are experiencing significant demand for vehicles ranging from passenger vehicles, LCV, and HCV. Higher disposable income in the developed countries and increasing purchasing power capacity among the population in developing countries is significantly driving automobile procurement. The constant pressure on automobile manufacturers to deliver a large number of vehicles to meet consumer demand is catalyzing the production statistics of vehicle manufacturing. For instance, as per the Organization Internationale des Constructeurs d'Automobiles (OICA), the total production of a passenger car in Europe at the end of the year 2017 is 19.6 Mn units as compared to 19.1 Mn units in the year 2016. Hence, the increasing production of heavy commercial vehicles and passenger cars is bound to drive the market for automotive parts packaging market. Since the assembly of vehicles and manufacturing of components often takes place in different manufacturing facilities, there is a significant need for proper packaging of these components.

The crates segment is one of the leading product types with the highest market share in Europe automotive parts packaging market. Similar to pallets, even crates can be of different materials including, wood, plastic, and metal, among others. Generally, crates are used for shipping heavy items. Specified crates can be designed for specified products and are often made to be reused. Wooden and plastic crates are preferred material for shipping automotive parts. However, the wooden crate is the most preferred in the shipping industry. They are low-priced and easy to repair. Also, they are made of interchangeable and recyclable material; thus, they can be remade, resold, or repurposed. Plastic crates are considerably expensive in comparison to wooden crates and do require a far more complex process to replace. However, the longer shelf life and easy to reuse factor is bolstering their demand.

The rest of Europe dominated the automotive parts packaging market in 2018 and is anticipated to lead the market across the European region through the forecast period, followed by Germany and France. Moreover, Russia is expected to grow at the highest CAGR in the coming years. The figure given below highlights the revenue share of the Russia in the European automotive parts packaging market in the forecast period:

Exhibit: Russia Automotive parts packaging Market Revenue and Forecasts to 2027 (US$ Mn)

EUROPE AUTOMOTIVE PARTS PACKAGING MARKET SEGMENTATION

By Product Type

• Pallets

• Crates

• Cartons

• Bags & Pouches

• Trays

• Others

By Packaging Type

• Reusable

• Disposable

By Component

• Battery

• Cooling Systems

• Lighting Component

• Engine Component

• Electricals

• Others

By Country

• France

• Germany

• Italy

• Russia

• UK

• Rest of Europe

Automotive parts packaging Market - Companies Mentioned

• Ckdpack Packaging Inc.

• DS Smith Plc

• Signode Packaging Systems

• Encase Ltd.

• The Nefab Group

• Mondi Group

• Schoeller Allibert

• Sealed Air Corp.

• Smurfit Kappa

• Sonoco Products Co.

Europe Automotive Parts Packaging Strategic Insights

Strategic insights for the Europe Automotive Parts Packaging provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Europe Automotive Parts Packaging Report Scope

Report Attribute	Details
Market size in 2018	US$ 698.4 Million
Market Size by 2027	US$ 968.7 Million
Global CAGR (2019 - 2027)	3.8%
Historical Data	2016-2017
Forecast period	2019-2027
Segments Covered	By Product Type Pallets Crates Cartons Bags & Pouches Trays By Packaging Type Reusable Disposable By Component Battery Cooling Systems Lighting Components Engine Components Electricals
Regions and Countries Covered	Europe UK Germany France Russia Italy Rest of Europe
Market leaders and key company profiles	CMTP Packaging Pty Ltd. DS Smith Plc Signode Packaging Systems Ckdpack Packaging Inc. The Nefab Group Mondi Group Schoeller Allibert Sealed Air Corp. Smurfit Kappa Sonoco Products Co.

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Europe Automotive Parts Packaging Regional Insights

The geographic scope of the Europe Automotive Parts Packaging refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.