Protective Packaging Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Protective Packaging Market grew at a CAGR of 5.0% between 2017-2021 and is estimated to be US$ 27,271.3 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.3% and is expected to reach a valuation of US$ 18,436.42 Mn by 2032 end.
Protective packaging market growth is primarily being driven by the rapid global growth of the various manufacturing sectors. Expanding industries are those in electronics, transportation, medicine, etc. Over the expected time, it is anticipated that the developing region’s rising customer base would also boost the market growth for protective packaging.
ChemView Consulting has analyzed that e-commerce offers users a wide range of possibilities for purchases and the convenience of shopping from home. This encourages an increasing individuals to shop online, making e-commerce one of the fastest-growing sectors globally. Large e-commerce firms like Amazon, Alibaba, and Flipkart employ protective packaging to shield the contents from damage during delivery and shipment.
Flexible protective packaging currently occupies the top spot in product type, accounting for about 67.3% of the protective packaging market in 2021. Its popularity and demand are driven by properties including cushioning, insulating, void filling, and low weight among end-use industries. Flexible protective packaging options with recyclable material content are available. The recyclability, sustainability, and sales of flexible protective packaging have all increased with the use of bioplastic in manufacturing.
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Segments Covered in Report
By Material Type:
- Foamed Plastic
- Paper
- Plastic
By Product Type:
- Foam Protective Packaging
- Flexible Protective Packaging
- Rigid Protective Packaging
By Function Type:
- Wrapping
- Void Fill
- Insulation
- Cushioning
- Blocking & Bracing
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Protective Packaging Market
- Based on the product type, flexible protective packaging currently occupies the top spot in product type, accounting for about 67.3% of the protective packaging market in 2021. Its popularity and demand are driven by properties including cushioning, insulating, void filling, and low weight among end-use industries. Flexible protective packaging options with recyclable material content are available. The recyclability, sustainability, and sales of flexible protective packaging have all increased with the use of bioplastic in manufacturing
- Based on the material type, foam plastics market segment with the largest share. The substantial market share can be due to the products’ lightweight, robust thermal insulation and shock-absorbing properties, which are suitable for protective packaging.
- With a projected 4.5% CAGR and a market share of 27.1%, the North American protective packaging industry is anticipated to grow. According to the report, North America is expected to experience significant growth in the need for protective packaging solutions over the coming years.
Competition Summary
Key companies covered in the market study are 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
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impact market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have collaborated with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
What sets ChemView Consulting apart?
- Full-time research experts and subject matter experts
- In-house primary research team
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