Protective Packaging Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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Protective Packaging Market: By Material Type (Plastics and Foam Plastics, Paper and Paperboard and Others), By Packaging Type (Flexible Protective Packaging, Foam Protective Packaging and Rigid Protective Packaging), By Function (Blocking and Bracing, Cushioning, Insulation, Void Fill and Wrapping), By Application (E-commerce, Automotive, Electronics and Appliances, Food and Beverages, Machinery and Others) and Geography

 

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Report

Description

Protective Packaging Market size registered a revenue of USD 28,312.0 million in 2021 and is projected to expand at 6.2% growth rate from 2022 to 2028. Packaging innovations reduce production and delivery costs, as well as attractive designs, enables differentiate brands and expected to drive sales, add substantial value to consumer products. Furthermore, due to the utilization of recyclable materials, an increase in R&D spending is likely to contribute to market growth. Increased use of protective mailers by businesses to incorporate inflated air cushions and fill the vacant material. The global population will continue to grow, and the rate of urbanization will accelerate, particularly in emerging countries. This corresponds to higher consumer earnings for spending on consumer goods, as well as increased access to modern retail channels and a growing middle-class desire to engage with global brands and shopping habits. Rising life expectancy will result in an older population, which will raise demand for healthcare and pharmaceutical products, particularly in key developed nations. Simultaneously, easy-to-open solutions and packaging tailored to the needs of the elderly are expected to offer lucrative opportunities for the market players. Surge in the number of small families, which is driving demand for goods packaged in smaller portion sizes, as well as greater convenience features like resealability or microwave ability. In July 2021, Smurfit Kappa acquired Cartonbox, a folding carton company located in Monterrey, in the North-East of Mexico. This will enable the company to improve its position in Mexico’s paper packaging solutions market and expand its footprint to four folding carton locations.

Protective Packaging Market

MARKET SUMMARY
-
6.2% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 6.2%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North America

Global Protective Packaging Market

  • The global protective packaging market report gives comprehensive outlook on protective packaging across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global market gives historical, current, and future market sizes (US$ Bn) on the basis of material type, packaging type, function, application and region.
  • Key stakeholders of the global market report include suppliers, manufacturers, marketers, policymakers, and healthcare service providers engaged in global protective packaging products.
Market Leaders
  • Ecovative Design
  • Max Packaging, Inc.
  • Pregis LLC
  • Smurfit Kappa Group
  • Springpack Corporate
Drivers and Restrains

Protective Packaging Market

Increased adoption of protective packaging materials such as bubble wrap, packaging foam, air pillows, and other packaging materials is expected to propel the global protective packaging market. Protective packaging is becoming more popular in the E-commerce, logistics, and electronic industries to protect items against environmental, magnetic, electrostatic, vibration, and shock damage. Protect the items from electrical insulation, thermal insulation, fireproofing, moisture or vapor protection, shock or vibration dampening, and UV or weather resistance are also key advantages of protective packaging. However, challenges such as recycling, environmental concerns, and the additional expense of protective packaging are the major roadblocks of the market.


North-America Got Significant Share

Protective Packaging Market

The North America protective packaging market has registered 38.1% revenue share in 2021 and is expected to expand at robust CAGR over the forecast period. Consumer electronics is experiencing strong demand in the region. It is a cost-effective solution to storage problems that reduces product waste while keeping food safe and healthy. Vendors in the region are inventing and delivering a variety of protective packaging goods. Furthermore, new collaborations and M&A operations have been seen in the region to address the unmet needs of the market Europe is projected to expand at significant CAGR due to growing acceptance of flexible packaging over rigid packaging, desire for lightweight items, and people's changing lifestyles in the region. United Kingdom protective packaging is driven by increased demand from electronics, Food & Beverage sectors.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The protective packaging market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The protective packaging market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The protective packaging market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The protective packaging market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The protective packaging market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Global Protective Packaging Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content


Report

Company Profile

  • Sealed Air Corporation
  • Crown Holdings Inc
  • Sonoco Products Company
  • Winpack Ltd
  • Smurfit Kappa Group
  • DS Smith Plc
  • WestRock Company
  • Schur Flexibles Holding GesmbH
  • Greif
  • International Paper Company
  • Nefab Group
  • Cascades Inc

Description

Protective Packaging Market size registered a revenue of USD 28,312.0 million in 2021 and is projected to expand at 6.2% growth rate from 2022 to 2028. Packaging innovations reduce production and delivery costs, as well as attractive designs, enables differentiate brands and expected to drive sales, add substantial value to consumer products. Furthermore, due to the utilization of recyclable materials, an increase in R&D spending is likely to contribute to market growth. Increased use of protective mailers by businesses to incorporate inflated air cushions and fill the vacant material. The global population will continue to grow, and the rate of urbanization will accelerate, particularly in emerging countries. This corresponds to higher consumer earnings for spending on consumer goods, as well as increased access to modern retail channels and a growing middle-class desire to engage with global brands and shopping habits. Rising life expectancy will result in an older population, which will raise demand for healthcare and pharmaceutical products, particularly in key developed nations. Simultaneously, easy-to-open solutions and packaging tailored to the needs of the elderly are expected to offer lucrative opportunities for the market players. Surge in the number of small families, which is driving demand for goods packaged in smaller portion sizes, as well as greater convenience features like resealability or microwave ability. In July 2021, Smurfit Kappa acquired Cartonbox, a folding carton company located in Monterrey, in the North-East of Mexico. This will enable the company to improve its position in Mexico’s paper packaging solutions market and expand its footprint to four folding carton locations.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX