Protective Packaging Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global 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

Global protective packaging market size was valued at USD 22.3 Billion in the year 2020 and is anticipated to value at USD 31.80 Billion till 2027 witnessing a CAGR rate of 5.2% during the forecast period 2021-2027. 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. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global protective packaging market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policymakers, and healthcare service providers engaged in global protective packaging products. Frequent change of packaging case design also a major factor hamper the growth of market over the forecast years. Apart from the aforementioned restraints, fluctuations in raw material prices, stringent environmental regulations on non-renewable materials, and adoption of alternative packaging by the players are hamper the growth of global market over the future years. An increase in the adoption of E-commerce for the purchase in China, India, and Japan is a key trend to escalate the growth of market in Asia Pacific region. For instance, In China and India e-commerce industry is gradually increasing due to rise and Internet access and smartphone ownership expand and In addition, the adoption of cost-effective protective packaging material to reduce the packaging cost also a major trend in the Asia Pacific countries.


Global Protective Packaging Market

MARKET SUMMARY
-
5.2% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 5.2%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North America

Global Protective Packaging Market

  • Some of the key factors influencing the market growth include an increase in middle-class population, longer shelf life and changing lifestyle, improved consumption of protective packaging by e-commerce industry together with favorable environment for the growth of e-commerce, growing improvement in the manufacturing industry and rapidly expanding markets for biotechnology drugs and vaccines.
  • However, concerns regarding environment & recycling and frequently changing packaging design and configuration are hampering the market growth.
  • Additional cost for the protective packaging may hinder the growth of the market over the forecast years. The protective package could be done two or three layers to protect the goods from scratches and damage.
  • Packaging of multiple layers may increase the packaging and transportation cost. Moreover, manufacturers are dealing with extensive range of product stock-keeping units with different sizes, shapes, fragility levels, and weight that may affect the prolongation of packaging delivery and waste of time and money.
  • In May 2019, Sealed Air acquired Automated Packaging Systems to expand its protective packaging portfolio.
Market Leaders
  • ACH Foam Technologies, Inc.
  • Cellofoam North America, Inc.
  • Ecovative Design
  • Max Packaging, Inc.
  • Macfarlane Group PLC
  • Sealed Air Corporation
  • Protective Packaging Solutions, LLC
  • Packaging Corporation of America
  • Pregis LLC
  • Smurfit Kappa Group
  • Springpack Corporate
Drivers and Restrains

Protective Packaging Market

An increase in the adoption of protective materials for packaging such as bubble-wrap, packaging foam, air pillows, and other packaging materials is a key factor driving the growth of market over the forecast years. The adoption of protective packaging is increasing in the E-commerce, logistics, and electronic industries owing to protect the goods from atmospheric, magnetic, electrostatic, vibration or shock damage. Moreover, the major benefits with the protective packaging are protect the goods from electrical insulation, thermal insulation, fireproofing, moisture or vapor protection, shock or vibration dampening, and UV or weather resistance.


Asia Pacific accounted for larger revenue share

Global Protective Packaging Market

Asia Pacific accounted for a larger revenue share in the global market with considerable CAGR. Increase in the demand for insulated packaging from food and beverage industry and E-commerce channels for the packaging of food products may enhance the revenue of market over the forecast years. Increase in online food ordering in India, China, Japan, and other Asia Pacific countries has prompted a new focus on protective packaging that provides better insulation for food without adding additional environmental stress. E-commerce meal delivery and grocery services increasingly rely on protective packaging that keeps items delivered safely at the right temperature. Expect to see more demand for packages that deliver this quality, including innovative new box insulation that’s more sustainable.

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 report provides granular level information about the market size, regional market share, historic market (2015-2020) and forecast (2021-2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Global Protective Packaging Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

 

  • ACH Foam Technologies, Inc.
  • Cellofoam North America, Inc.
  • Ecovative Design
  • Max Packaging, Inc.
  • Macfarlane Group PLC
  • Sealed Air Corporation
  • Protective Packaging Solutions, LLC
  • Packaging Corporation of America
  • Pregis LLC
  • Smurfit Kappa Group
  • Springpack Corporate

Description

Global protective packaging market size was valued at USD 22.3 Billion in the year 2020 and is anticipated to value at USD 31.80 Billion till 2027 witnessing a CAGR rate of 5.2% during the forecast period 2021-2027. 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. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global protective packaging market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policymakers, and healthcare service providers engaged in global protective packaging products. Frequent change of packaging case design also a major factor hamper the growth of market over the forecast years. Apart from the aforementioned restraints, fluctuations in raw material prices, stringent environmental regulations on non-renewable materials, and adoption of alternative packaging by the players are hamper the growth of global market over the future years. An increase in the adoption of E-commerce for the purchase in China, India, and Japan is a key trend to escalate the growth of market in Asia Pacific region. For instance, In China and India e-commerce industry is gradually increasing due to rise and Internet access and smartphone ownership expand and In addition, the adoption of cost-effective protective packaging material to reduce the packaging cost also a major trend in the Asia Pacific countries.

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