The protective packaging market was valued at US$30.892 billion in 2020.
The growing global e-commerce industry is the major driver of the global protective packaging market. Growing internet penetration, rising purchasing power, and the increased proliferation of smartphones and other mobile devices are boosting sales through e-retailing channels, which is augmenting the demand for protective packaging solutions for packaged goods. Rising concerns regarding environmental sustainability along with the strict regulations regarding packaging waste are 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 the 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 its cost efficiency and ability to package a wide variety of goods. Increasing demand for processed food and beverages is boosting the market growth of flexible packaging. Moreover, online retailing of delicate products requires air pillows, protective mailers, and bubble packaging, which, in turn, will contribute to this growth during the forecast period.
Geographically, North America held the largest share of the global Protective Packaging market in 2020 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 the 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 the Asia Pacific Protective Packaging market during the forecast period.
Imposed lockdowns and reduced demand from various end-use sectors reduced the demand for protective packaging solutions. Furthermore, limited and restricted trade between countries impacted the sales of protective packaging solutions. Protective packaging producers suffered in 2020 as a result of laws requiring business closures, societal conventions of segregation, and reduced municipal and state government office activity. Still, the recovery from the COVID-19 crisis with rapid vaccination campaigns across North America and Europe helped in the recovery of the demand for protective packaging solutions. Specific package styles used in the healthcare and pharmaceutical industries have seen a marked increase in sales, according to the global packaging industry. Additionally, the utilization of those materials is anticipated to raise R&D spending, which will aid in market expansion.
|Market Size Value in 2020||US$30.892 billion|
|Growth Rate||CAGR during the forecast period|
|Forecast Unit (Value)||USD Million|
|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||Atlas Molded Products (Division of Atlas Roofing Corporation), Buckeye Corrugated, Inc., Cellofoam, Huntsman International LLC, Landaal Packaging System Inc., Packaging Corporation of America, Protective Packaging Solutions Inc., Sealed Air, Mold-Rite Plastics, Sonoco Products Company, DS Smith, BASF SE, Huhtamaki Group, Pregis LLC, Cascade Corporation|
|Customization Scope||Free report customization with purchase|
In this report, the Protective Packaging market is segmented by material type, product type, function, industry, and geography:
Frequently Asked Questions (FAQs)
Q1. What is the size of the global protective packaging market?
A1. Protective Packaging Market was valued at US$30.892 billion in 2020.
Q2. Which region holds the largest share of the protective packaging market?
A2. Geographically, North America held the largest share of the global Protective Packaging market owing to the presence of a large number of key players in the region.
Q3. Who are the major players in the protective packaging market?
A3. Prominent key market players in the protective packaging market include Atlas Molded Products (Division of Atlas Roofing Corporation), Buckeye Corrugated, Inc., Cellofoam, Huntsman International LLC, and Landaal Packaging System Inc., among others.
Q4. What factors are anticipated to drive the protective packaging market growth?
A4. The growing global e-commerce industry is the major driver of the global protective packaging market.
Q5. How is the protective packaging market segmented?
A5. The global protective packaging market is segmented by material type, product type, function, industry, and geography.
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. Research Methodology
2.1. Research Data
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
5.2. Paper and Paperboard
5.4. Foam Plastics
6. Protective Packaging Market Analysis, By Product Type
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
6.3. Flexible Protective
6.3.1. Paper Fill
6.3.2. Air Pillows
6.3.3. Bubble Packaging
6.3.4. Protective Mailers
6.4. Foam Protective
6.4.1. Loose Fill
6.4.2. Moulded Foam
7. Protective Packaging Market Analysis, By Function Type
7.4. Blocking and Bracing
7.6. Void Fill
8. Protective Packaging Market Analysis, By Industry Type
8.2. Food and Beverage
8.3. Consumer Electronics
9. Protective Packaging Market Analysis, By Geography
9.2. North America
9.3. South America
9.4.3. United Kingdom
9.5. Middle East and Africa
9.5.1. Saudi Arabia
9.6. Asia Pacific
9.6.3. South Korea
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. Atlas Molded Products (Division of Atlas Roofing Corporation)
11.2. Buckeye Corrugated, Inc.
11.4. Huntsman International LLC
11.5. Landaal Packaging System Inc.
11.6. Packaging Corporation of America
11.7. Protective Packaging Solutions Inc.
11.8. Sealed Air
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 LLC
11.15. Cascade Corporation
Atlas Molded Products (Division of Atlas Roofing Corporation)
Buckeye Corrugated, Inc.
Huntsman International LLC
Packaging Corporation of America
Protective Packaging Solutions Inc.
Sonoco Products Company
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