Automotive Container Market: Introduction and Need of the Product
The Automotive industry has shaped the global economy in the last few years. The demand for automobiles has increased significantly in the past few years. Rising consumption of goods will also boost the demand for packaging solutions. Automotive Containers are used to pack a variety of parts and components, such as alternators, starter motors, radiators, shock absorbers, brake compo entries and other high-value items. The containers are collapsible and can be stored in minimum space. Automotive Containers come with a large number of features, such as barcodes and locking systems, among others. With high growth being witnessed in sales of high-end automotive components, the demand for Automotive Containers will continue to increase during the forecast period. Automotive Containers are made from paper, plastic, metal as well as composite materials. They are available in a variety of shapes and sizes to meet the customized requirements of different customers. Automotive Container could be reused again and again, an important property which makes them the most efficient packaging solution among all alternative packaging formats.
Automotive Container Market: Market Dynamics
The demand for Automotive Containers is expected to grow tremendously throughout the forecast period due to high growth being witnessed in sales of automotive vehicles, which in turn, require efficient packaging solutions, such as, Automotive Containers, to pack products in it. Major restraints present in the global Automotive Container market are threat of substitute products and introduction of more efficient packaging solutions at cheaper costs. Consumer inclination towards convenient lifestyle options will drive the automotive industry and thus, will create strong demand for Automotive Containers in the coming years. The recent trend being noticed in the global Automotive Container market is expansion of existing production facilities to increase the production of Automotive Containers to meet escalating demand. New entrants in the global Automotive Container market will witness significant growth opportunities to establish their market presence in emerging as well as developed economies of the world. However, the capital cost of establishing manufacturing facilities of Automotive Containers, that comply will all quality standards and norms, is too high. That apart, skilled manpower is required to operate machines and perform quality check measures.
Automotive Container Market: Market Segmentation:
Automotive Container Market Segmentation: By Material Type
- High-Density Polyethylene
- Other plastics
Automotive Container Market Segmentation: By Packaging Application
- Shock Absorbers
- Starter Motors
- Other Automotive Parts & Components
Automotive Container Market: Regional Overview
On the basis of region, the Automotive Container market is segmented into North America, Latin America, Eastern Europe, Western Europe, APEJ (Asia-Pacific Excluding Japan), Middle East & Africa, and Japan. An Automotive Container is a special type of container used to pack high-end automotive components and parts. It is extensively used in North American and European regions due to the well-established manufacturing base for automotives. The Asia-Pacific region accounts for approximately one-fifth of the global Automotive Container market. Leading automotive companies are planning to establish technologically-advanced vehicle manufacturing facilities, which in turn, require packaging solutions that provide optimum protection during shipping and handling. In Asia-Pacific region, China dominates the market with a market share of more than 50% in the Asia-Pacific Automotive Container market. The demand is expected to grow continuously due to large capacity additions being noticed in emerging economies of Asia-Pacific region. In Latin America region, Brazil and Mexico will account for largest market shares throughout the forecast period. MEA and Japan also offer untapped growth potential in the Automotive Container market.
Automotive Container Market: Market Players
Some of the key players in the Automotive Container market are CHEP (U.S.A.) Inc. and Silgan Plastics Corporation, Nefab Group, Smurfit Kappa Group, D.S. Smith Group, SSI SCHAEFER Packaging and International Paper Company.
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