Protective packaging market study analyzes competitive developments such as acquisitions, expansions, and new product launches in the protective packaging market.
Report focuses on global major leading protective packaging market players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Study also aims at strategically analyzing Protective Packaging market with respect to individual growth trends, future prospects, and their contribution to the total market.
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The global protective packaging market was valued at USD 23.14 Billion in 2016, and is projected to reach USD 32.02 Billion by 2022, at a CAGR of 5.67%. Base year considered for the study is 2016 with the market size projected from 2017 to 2022. Primary objective of the study is to define, segment, and project protective packaging market size on basis of type, material, function, application and region.
“Flexible protective packaging segment, by type, projected to grow at the highest CAGR during the forecast period”.
The report breaks down protective packaging market by product, including foam protective packaging, rigid protective packaging and flexible protective packaging. In terms of value, the flexible protective packaging segment accounted for the largest market share and is projected to grow at the highest CAGR during the forecast period. The report defines, segments, and projects the protective packaging market size on the basis of type, material, function, application, and region.
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Asia Pacific region is estimated to account for largest share in total market for protective packaging, in terms of value, followed by North America and Europe, owing to manufacturers’ focus on developing low-cost protective packaging options. Technological advancements in packaging play a vital role in driving growth of protective packaging market. The market is experiencing high growth due to different factors such as growth in demand from the food & beverage and healthcare sectors, and preference for convenient packaging.
Protective Packaging market ecosystem involves various stakeholders in the protective packaging market. It starts with the raw material suppliers such as Smurfit Kappa Group (Ireland), Sealed Air Corporation (US), Sonoco Products Company (US), Huhatamaki (Finland), and Ranpak (US), which are the manufacturing companies of the protective packaging.
Flexible protective packaging is cost-effective, environment-friendly, and provides good barrier resistance properties from damage such as shock and vibration. It also provides high clarity and excellent barrier properties to the products enclosed within.
More Details on Protective Packaging Market by Material (Foam Plastics, Paper & Paperboard, Plastics), Product Type (Flexible, Rigid, Foam), Function (Cushioning, Blocking & Bracing, Void-fill, Insulation, Wrapping), Application (Food & Beverage, Consumer Electronics, Industrial Goods, Automotive, Household Appliances, Health Care) – Trends & Forecast to 2020 at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=421925 .
Packaging is the covering of products in packages with the help of protective wrappings or other external covering, which provides protection, information, security, and other benefits. Boxes, bubble wrap, plastic, bags, cloth, and cartons are some of the common packaging materials. Product packaging has grown as an important part of sales and marketing operations.
A recent study shows that consumer are more inclined toward purchasing products online, which is increasing the demand for packaging to protect goods from shock, vibration, and other damaging effects of shipping and handling. Increasing e-commerce sector is one of the main drivers and supports gains for products such as air pillows and protective mailers.