The protective packaging market is growing due to its numerous applications and advantages like providing protection from atmospheric, magnetic, electrostatic, vibration or shock damages. Growing e-commerce industry is a major driver of the market.
This report provides forecast and analysis of the protective packaging market which is estimated to surge from US$32.807 billion in 2019 to US$46.038 billion by 2025.
Protective packaging products are made for protecting the goods from atmospheric, magnetic, electrostatic, vibration or shock damages. Protective packaging consists of boxes or storage containers, packing materials, liners, and spacers. A major driver of the protective packaging market is the global e-commerce industry. 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.
The Protective Packaging Market is segmented by material type, by product type, by function type, by industry, and geography. Segmentation by material type is by paper & paper board, plastic, foam plastic, and others. Segmentation by product is majorly by Rigid Protective, Flexible Protective, And Foam Protective. Rigid Protective is further segmented into Corrugated Box, Moulded Pulp, Insulated Shipping Containers, Paperboard Protectors, and Others. Segmentation by Flexible Protective is by Paper Fill, Air Pillows, Bubble Packaging, Protective Mailers, and Others. Segmentation by Foam Protective is by Loose Fill, Moulded Foam, Foam-In-Place, and Others. Segmentation on the basis of the industry is by Food and Beverage, Consumer Electronics, Automotive, Healthcare, and Others.
By geography, the protective packaging market has been segmented as Americas, Europe, the Middle East and Africa, and the Asia Pacific. The America market is expected to have a substantial market share of protective packaging due to the higher presence of key manufacturers and suppliers of protective packaging. The Asia Pacific to have the fastest growth due to increasing population, rising consumer electronics, and growing household appliances.
Some of the major players covered as part of the report are ACH Foam Technologies LLC, Buckeye Corrugated, Inc., Cellofoam North America, Inc., Huntsman Corporation and Landaal Packaging System Inc. among others.
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This report segmented the protective packaging market on the basis of the following terms