The protective packaging market is evaluated at US$32.807 billion for the year 2019, growing at a CAGR of 5.81% to reach US$46.038 billion by 2025. Growing global e-commerce industry is the major driver of global protective packaging market.
Growing internet penetration, rising purchasing power, increased proliferation of smartphones and other mobile devices is boosting the sales through e-retailing channels which are augmenting the demand for protective packaging solutions for packaged goods. Rising concerns regarding environmental sustainability along with the strict regulations regarding packaging waste is encouraging packaging manufacturers to invest in R&D and come up with sustainable yet effective packaging solutions, thereby positively impacting the market growth of protective packaging in the coming years. However, fluctuations in raw material prices will hinder the growth of global protective packaging market during the forecast period.
By Product Type
By Product type, flexible packaging will witness the fastest market growth, in terms of value, in 2016 due to their cost efficiency and ability to package a wide variety of goods. Increasing demand for processed food and beverage is boosting the market growth of flexible packaging. Moreover, online retailing of delicate products require air pillows, protective mailers, and bubble packaging which, in turn, will contribute to this growth during the forecast period.
By Geography
Geographically, North America held the largest share of the global Protective Packaging market in 2016 owing to the presence of a large number of key players in the region. End-use industries in developed economies such as the U.S. and Canada are increasingly using Protective Packaging for various applications. Asia Pacific region will witness the fastest regional market growth during the forecast period due to growing e-commerce industry in emerging economies, especially in China and India. Increasing spending on processed food and beverage products will further boost the demand for protective packaging in this region. Rising demand for OTC drugs will require effective protective packaging solutions in the pharmaceutical sector, leading to significant growth of Asia Pacific Protective Packaging market during the forecast period.
Competitive Insights
Prominent key market players in global Protective Packaging market include Huntsman Corporation, Protective Packaging Solutions, BASF, Sealed Air Corporation, and Sonoco among others. The global protective packaging industry is highly competitive owing to the presence of many international and regional market players. At present, global key players are adopting various growth strategies such as new product launches, M&A, and strategic partnerships to expand their global footprint while investing heavily in R&D to provide sustainable yet effective packaging solutions to their customers. Recently in March 2017, Sonoco announced the acquisition of Peninsula Packaging Company, a leading manufacturer of thermoformed packaging for fresh fruits and vegetables sold across retail supermarkets.
| Report Metric | Details |
| Market size value in 2019 | US$32.807 billion |
| Market size value in 2025 | US$46.038 billion |
| Growth Rate | CAGR of 5.81% from 2019 to 2025 |
| Base year | 2019 |
| Forecast period | 2020–2025 |
| Forecast Unit (Value) | USD Billion |
| Segments covered | Material Type, Product Type, Function, Industry, And Geography |
| Regions covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies covered | ACH Foam Technologies LLC, Buckeye Corrugated, Inc., Cellofoam North America, Inc., Huntsman Corporation, Landaal Packaging System Inc., Packaging Corporation of America, Protective Packaging Solutions Inc., Sealed Air Corporation, Mold-Rite Plastics, Sonoco Products Company, DS Smith, BASF SE, Huhtamaki Group, Pregis, Cascade Corporation |
| Customization scope | Free report customization with purchase |
Segmentation
In this report, Protective Packaging market is segmented by material type, product type, function, industry, and geography:
By Material Type
Paper and Paperboard
Plastic
Foam Plastics
Others
By Product Type
Rigid Protective
Corrugated Box
Molded Pulp
Insulated Shipping Containers
Paperboard Protectors
Others
Flexible Protective
Paper Fill
Air Pillows
Bubble Packaging
Protective Mailers
Others
Foam Protective
Loose Fill
Molded Foam
Foam-in-Place
Others
By Function
Insulation
Wrapping
Blocking and Bracing
Cushioning
Void Fill
By Industry
Food and Beverage
Consumer Electronics
Automotive
Healthcare
Others
By Geography
Americas
North America
U.S.
Canada
Mexico
Others
South America
Brazil
Others
Europe Middle East and Africa
Europe
UK
Germany
France
Others
Middle East and Africa
Asia Pacific
Japan
China
India
Australia
Others
Frequently Asked Questions (FAQs)
Q1. What will be the protective packaging market size by 2025?
A1. The protective packaging market is evaluated to reach the market size of US$46.038 billion in 2025.
Q2. Which region holds the largest market share in the protective packaging market?
A2. Asia Pacific region will witness the fastest regional market growth during the forecast period.
Q3. What are the growth prospects for protective packaging market?
A3. The protective packaging market is evaluated to grow at a CAGR of 5.81% during the forecast period.
Q4. What factors are anticipated to drive the protective packaging market growth?
A4. The growing global e-commerce industry is the major driver of global protective packaging market.
Q5. How is the protective packaging market segmented?
A5. Protective Packaging market is segmented by material type, product type, function, industry, and geography.
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
2.2. Assumptions
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Protective Packaging Market Analysis, By Material Type
5.1. Introduction
5.2. Paper and Paperboard
5.3. Plastic
5.4. Foam Plastics
5.5. Others
6. Protective Packaging Market Analysis, By Product Type
6.1. Introduction
6.2. Rigid Protective
6.2.1. Corrugated Box
6.2.2. Moulded Pulp
6.2.3. Insulated Shipping Containers
6.2.4. Paperboard Protectors
6.2.5. Others
6.3. Flexible Protective
6.3.1. Paper Fill
6.3.2. Air Pillows
6.3.3. Bubble Packaging
6.3.4. Protective Mailers
6.3.5. Others
6.4. Foam Protective
6.4.1. Loose Fill
6.4.2. Moulded Foam
6.4.3. Foam-In-Place
6.4.4. Others
7. Protective Packaging Market Analysis, By Function Type
7.1. Introduction
7.2. Insulation
7.3. Wrapping
7.4. Blocking and Bracing
7.5. Cushioning
7.6. Void Fill
8. Protective Packaging Market Analysis, By Industry Type
8.1. Introduction
8.2. Food and Beverage
8.3. Consumer Electronics
8.4. Automotive
8.5. Healthcare
8.6. Others
9. Protective Packaging Market Analysis, By Geography
9.1. Introduction
9.2. North America
9.2.1. North America Protective Packaging Market, By Material Type, 2019 to 2025
9.2.2. North America Protective Packaging Market, By Product Type, 2019 to 2025
9.2.3. North America Protective Packaging Market, By Function Type, 2019 to 2025
9.2.4. North America Protective Packaging Market, By Industry Type, 2019 to 2025
9.2.5. By Country
9.2.5.1. USA
9.2.5.2. Canada
9.2.5.3. Mexico
9.3. South America
9.3.1. South America Protective Packaging Market, By Material Type, 2019 to 2025
9.3.2. South America Protective Packaging Market, By Product Type, 2019 to 2025
9.3.3. South America Protective Packaging Market, By Function Type, 2019 to 2025
9.3.4. South America Protective Packaging Market, By Industry Type, 2019 to 2025
9.3.5. By Country
9.3.5.1. Brazil
9.3.5.2. Argentina
9.3.5.3. Others
9.4. Europe
9.4.1. Europe Protective Packaging Market, By Material Type, 2019 to 2025
9.4.2. Europe Protective Packaging Market, By Product Type, 2019 to 2025
9.4.3. Europe Protective Packaging Market, By Function Type, 2019 to 2025
9.4.4. Europe Protective Packaging Market, By Industry Type, 2019 to 2025
9.4.5. By Country
9.4.5.1. Germany
9.4.5.2. France
9.4.5.3. United Kingdom
9.4.5.4. Spain
9.4.5.5. Others
9.5. Middle East and Africa
9.5.1. Middle East and Africa Protective Packaging Market, By Material Type, 2019 to 2025
9.5.2. Middle East and Africa Protective Packaging Market, By Product Type, 2019 to 2025
9.5.3. Middle East and Africa Protective Packaging Market, By Function Type, 2019 to 2025
9.5.4. Middle East and Africa Protective Packaging Market, By Industry Type, 2019 to 2025
9.5.5. By Country
9.5.5.1. Saudi Arabia
9.5.5.2. Israel
9.5.5.3. UAE
9.5.5.4. Others
9.6. Asia Pacific
9.6.1. Asia Pacific Protective Packaging Market, By Material Type, 2019 to 2025
9.6.2. Asia Pacific Protective Packaging Market, By Product Type, 2019 to 2025
9.6.3. Asia Pacific Protective Packaging Market, By Function Type, 2019 to 2025
9.6.4. Asia Pacific Protective Packaging Market, By Industry Type, 2019 to 2025
9.6.5. By Country
9.6.5.1. China
9.6.5.2. Japan
9.6.5.3. South Korea
9.6.5.4. India
9.6.5.5. Others
10. Competitive Environment and Analysis
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix
11. Company Profiles
11.1. ACH Foam Technologies LLC
11.2. Buckeye Corrugated, Inc.
11.3. Cellofoam North America, Inc.
11.4. Huntsman Corporation
11.5. Landaal Packaging System Inc.
11.6. Packaging Corporation of America
11.7. Protective Packaging Solutions Inc.
11.8. Sealed Air Corporation
11.9. Mold-Rite Plastics
11.10. Sonoco Products Company
11.11. DS Smith
11.12. BASF SE
11.13. Huhtamaki Group
11.14. Pregis
11.15. Cascade Corporation
ACH Foam Technologies LLC
Cellofoam North America, Inc.
Huntsman Corporation
Landaal Packaging System Inc.
Packaging Corporation of America
Protective Packaging Solutions Inc.
Sealed Air Corporation
Mold-Rite Plastics
Sonoco Products Company
DS Smith
BASF SE
Huhtamaki Group
Pregis
Cascade Corporation
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