North America Automotive Parts Packaging Market Forecasts to 2027 by Product Type, Packaging Type, and Component

Automotive parts packaging market in North America is expected to grow from US$ 414.7 Mn in 2018 to US$ 531.2 Mn by the year 2027 with a CAGR of 2.8% from the year 2019 to 2027.

Rising demand for aftermarket automotive parts is fueling the growth of the automotive parts packaging market. Moreover, the increase in the adoption of electric vehicles is anticipated to boost automotive parts packaging market growth in the forecast period. The aftermarket or replacement market plays an important role in automotive parts packaging market. With the increasing awareness of preventive maintenance as well as scheduled servicing of vehicles, consumers today are focusing on maximizing the lifespan value of their existing vehicles. This has significantly bolstered the growth of aftermarket parts and services demand and has generated new revenue opportunities for an extensive number of players operating in the automotive aftermarket industry. Another aftermarket trend is the DIY products, which is further helping the customers to buy products and install them in their vehicles by themselves. However, the significant demand for the aftermarket parts is from the vehicle service providers. Also, the increasing awareness for better safety devices in the vehicles is also bolstering the demand of automotive parts such as Anti-Lock Braking Systems, Lane Departure Warning System, Tire Pressure Monitoring System, and Blind Spot Detection among others. The overall increase in the sales of aftermarket automotive parts is bolstering the automotive parts packaging market growth.

The electrical segment is one of the leading components with the second highest market share in North America automotive parts packaging market. Electrical components for automobiles are critical and many a time fragile and therefore require cautious packaging approaches. A large number of components inside a modern day vehicle are connected electrically. Also, the emergence of in-vehicle infotainment systems, Advanced Drive Assist Systems (ADAS), car telematics, and connected cars have led to the integration of electrical components. Further, the development of electric vehicles and hybrid electric vehicles are also expected to propel electrical components packaging in the coming years. North American automobile companies have pioneered in integration of these technologies owing to various market initiatives, which is expected to support the growth of automotive parts packaging market.

The US dominated the automotive parts packaging market in 2018 and is anticipated to lead the automotive parts packaging market across the North American region through the forecast period, followed by Mexico and Canada. The figure given below highlights the revenue share of the Mexico in the North American automotive parts packaging market in the forecast period:

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

NORTH AMERICA 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

• U.S.

• Canada

• Mexico

Automotive parts packaging Market - Companies Mentioned

• Ckdpack Packaging Inc.

• DS Smith Plc

• Signode Packaging Systems

• JIT Packaging

• The Nefab Group

• Pacific Packaging Products Inc.

• Pratt Industries, Inc.

• Sealed Air Corp.

• Smurfit Kappa

• Sonoco Products Co.

North America Automotive Parts Packaging Strategic Insights

Strategic insights for the North America 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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North America Automotive Parts Packaging Report Scope

Report Attribute	Details
Market size in 2018	US$ 414.7 Million
Market Size by 2027	US$ 531.2 Million
Global CAGR (2019 - 2027)	2.8%
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	North America US Canada Mexico
Market leaders and key company profiles	Ckdpack Packaging Inc. DS Smith Plc Signode Packaging Systems JIT Packaging The Nefab Group Pacific Packaging Products Inc. Pratt Industries, Inc. Sealed Air Corp. Smurfit Kappa Sonoco Products Co.

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North America Automotive Parts Packaging Regional Insights

The geographic scope of the North America 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.