Protective Packaging Market Scope
The protective packaging market is a very dynamic market and is expected to witness high growth over the forecast period. The growth of such packaging is influenced by the growing trend for online shopping, rapid growth in electronic sector and easy availability of biodegradable bubble wrap. However, availability of other alternative packaging hinder the growth of the market.
Market Research Future (MRFR) reveals that the global protective packaging market is expected to exhibit a CAGR of 4.07% over the evaluation period (2017-2023). In 2017, the global market was valued at USD 20.47 billion. MRFR states that the global protective packaging market is poised to scale up to valuation of USD 35.91 billion by 2023.
Most of the consumers as well as manufacturers today are concerned about the impact of packaging on the environment due to the rising awareness of environment protection.
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- Packaging Corporation of America
- Sealed Air Corporation
- Protective Packaging Solutions
- Smurfit Kappa Group
- Pregis Corporation
- ACH Foam Technologies LLC
- Automated Packaging Systems Incorporated
- Bayer AG
- FP International
- IVEX Protective Packaging
- BASF SE
- Macfarlane Group
- Universal Protective Packaging
- Unisource Worldwide
- Cellofoam North America Incorporated
- Ecovative Design LLC
are some of the prominent players at the forefront of competition in the global protective packaging market and are profiled in MRFR Analysis.
Pregis LLC, one of the prime manufacturers of protective packaging materials coupled with APASS (Amazon Packaging Support and Supplier). The collaboration is to result in engineering performance-oriented and economical protective packaging solutions.
Global protective packaging market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.
Segmentation By Product Type : Comprises – Rigid Protective, Flexible Protective, and Foam Protective.
Segmentation By Material : Comprises – Paper & Paperboard, Foam Plastics, Plastics and others
Segmentation By Application : Comprises – Consumer Goods, Food & Beverages, Industrial Goods, and others
Segmentation By Function : Comprises – Flexible Cushioning, Insulation, Wrapping, Void-Fill, and others
Segmentation By Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World
The need to score customer satisfaction is expected to gain traction for the global protective packaging market. At-door delivery services are gaining traction due to the growing number of working professionals. Hence, effective delivery of products with no abrasion, holds great significance in the expansion of customer base. This is where protective packaging has a major role to play. The increase in the adoption of protective packaging is likely to propel its global market. Over the assessment period, the market is also expected to gain momentum due to the fast-paced industrialization and expanding online services. The rise of e-commerce sector is observed to strongly promote the growth of the market, as items such as clothes, home décor, shoes, and others are noted to be sold online, across different countries. However, the market can exhibit a sluggish growth due to fluctuation in the raw materials prices.
By region, the progress of the global protective packaging market has been reported across Asia Pacific, North America, Europe, and the Rest of the World (RoW).
The increase in online commodity sales is likely to contribute significantly to the expansion of the Asia-Pacific protective packaging market. In the coming years, the regional market is expected to surge owing to other factors such as increase in urban migration, hike in per capita income, and presence of strong economies such as China, India, and Japan. Deep penetration of digitalization and high e-commerce trading activities recorded in China, are causes that the market is expected to exhibit the highest growth rate in the APAC region. The countries in the Asia Pacific region is experiencing high import-export activities, and the significance of protective packaging lies therein This, is another factor that is observed to contribute significantly to the regional market growth. North America due to its firm commodity business infrastructure and availability of better supply chain logistics is expected to bolster the regional protective packaging market growth. In Europe, the high sales of online goods can surge the market.
Table Of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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