At 4.1% CAGR, Automotive Parts Packaging Market Will Reach $3.12 Billion by 2027 Led by DS Smith, Sealed Air, Nefab, CMTP Packaging, Smurfit Kappa, Sonoco
The global Automotive Parts Packaging Market accounted for US$ 2.18 Bn in 2018 and is expected to grow at a CAGR of 4.1% over the forecast period 2019–2027, to account for US$ 3.12 Bn in 2027. Factors including escalation in the production of vehicles worldwide and increasing demand for aftermarket automotive parts are significantly driving the global automotive parts packaging market. However, the absence of global regulation for automotive parts packaging is impeding the market growth. Whereas, surging demand for...
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