Transit packaging market to grow to €210 billion by 2019
In a new study, Smithers Pira forecasts the market for transit packaging to grow from €160 billion in 2012 to €210 billion in 2019 at a growth rate of 4% per annum. The prospects for transit packaging are analysed by product type, end-use sector and by geography.
The corrugated box continues to be the most preferred packaging medium for transit packaging. The corrugated box accounts for around two thirds of total transit packaging. While corrugated board remains to be the preferred medium for transit packaging, pallets, crates and protective packaging are seeing an increase over the next five years to 2019. Asia has the largest share of global corrugated board demand: nearly 50%.
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