Transport Packaging Market Share and Current Trends

Posted by surendra choudhary on March 6th, 2020

Global Transport Packaging Market: Overview

In all likelihood, the global transport packaging market is anticipated to observe substantial growth, thanks to the expansion of shipping and logistic businesses.

Transport Packaging refers to a shipping unit, which offers protection and containment to goods at the time of transportation, storage, and handling. The term encompasses all the industrial shipping and packaging containers for goods. The objective of transport packaging is to safeguard goods in movement and, hence, it must be versatile enough to facilitate smooth processing at various stages of transit.

In its report on global transport packaging, Transparency Market Research offers a crystal clear view of the global transport packaging market. The study makes every attempt to cover all the critical growth strategies and market dynamics. It offers market insight and forecasts of the market and profiles leading companies that are operating in the global transport packaging market.

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Global Transport Packaging Market: Notable Developments

Considering recent developments, the global transport packaging market exhibit the following moves in the market

• In April 2018, Geneva-based SGS SA together with food safety testing service provider Vanguard Sciences Inc. opened two food laboratories. These facilities are expected to offer an extensive range of services utilizing strong platform of information technology.
• In April 2018, Geneva-based SGS SA acquired Belgium-based Oleotest NV. The latter is a provider of chemical testing services in agricultural commodities, feed, and food. This acquisition comes with the objective of entry into the sector for chemical analyses, thereby reinforcing the leading position for food, agriculture, and life in Belgium.

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Global Transport Packaging Market: Key Trends

The global transport packaging market is likely to be driven by the following factors:

Expansion of Shipping and Logistics Businesses to Bolster Market Growth

In the last few years, the trend of consolidation has been on rise owing to the growing external competition. Expectations of customers are on the rise. As companies and individuals get used to the on-demand delivery culture, the shipping and logistics firms are facing growing pressure to deliver better service and consumer goods at a much lower costs. At present, the industry is faced with stiff competition from the new entrants, who are utilizing same business models.

Like all the other industries, shipping and logistics industry is witnessing massive change. New business models, new market entrants, evolving customer expectations, digitisation and new technology are all transforming the industry and propelling its towards growth.

New technologies are allowing more efficiency and collaborative models of operations. These factors are re-shaping the marketplace. Growth due to such changes in the shipping and logistics is likely to trigger the expansion of global transport packaging market.

Transport packaging constitutes the most essential part of logistics for numerous businesses such as oil & lubricants, agriculture, chemicals & pharmaceuticals, building & construction, and so on.