A recent report on Protective Packaging Market provides a detailed analysis of the industry size, revenue forecasts and geographical landscape pertaining to this business space. Additionally, the report highlights primary obstacles and the latest growth trends accepted by key players that form a part of the competitive spectrum of this business.
Protective Packaging Market is valued at USD 26.16 Billion in 2018 and expected to reach USD 39.65 Billion by 2025 with a CAGR of 6.12% over the forecast period.
Rapid boom of ecommerce industry, growing improvement in manufacturing industry, and increasing demand for recyclable materials are some factors driving the Europe protective packaging market.
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Protective Packaging Companies
Protective Packaging market report covers prominent top key players like,
Scope of Protective Packaging Market-
Protective packaging supplies are materials assembled to defend and safeguard a product from potential harm or destruction during shipping or warehousing. Protective packaging may be made from any material comprising but not limited to cardboard, plastic, metal, and etc. Protective packaging is frequently used as a main component of a product's packaging or as a secondary form of packaging supply depending upon the product contained within. It is useful for various applications, however, all forms of protective packaging are created for the same purpose: confirming that a product arrives in untouched condition without damage or related problems. Examples of materials that would be considered protective packaging include but are not limited to; flexible films, bagging, shrink packaging, carded packaging (blister packs, skin packs, clamshells), shipping protection (air pillows) and etc. Product packaging has grown as an important part of sales and marketing operations. Innovative packaging solutions enhance brand value with internal packaging and also demonstrates assurance to environmentally responsible packaging, coupled with minimizing the size and weight of the complete package for lower shipping costs.
Protective Packaging market report is segmented based on material, function, application and by regional & country level. Based upon material, protective packaging market is classified into paper & paperboard, rigid plastics, flexible, metal, glass and others. Based upon function, protective packaging market is classified into cushioning, blocking & bracing, void-fill, insulation, wrapping and others (vibration dampening, moisture protection, UV & weather resistance, and fireproofing). Based upon application, protective packaging market is classified into food, beverage, healthcare, cosmetics, industrial and other consumer goods.
The regions covered in this Protective Packaging market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Protective Packaging is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Protective Packaging market report covers prominent players like Unisource Worldwide, ACH Foam Technologies LLC, Protective Packaging Solutions, Sealed Air, IVEX Protective Packaging, Packaging Corporation of America, Macfarlane Group, and Automated Packaging Systems Incorporated. Other key players the Europe protective packaging market include the Cascades, Sonoco Products, Spring pack, Max Packaging, Smurfit Kappa Group, Universal Protective Packaging, FP International, Geami, EPS and EPE, Ecovative Design LLC, Cellofoam North America Incorporated, BASF SE, and Bayer AG. and among others.
Protective Packaging Market Dynamics –
Growing demand for product protection, increasing demand for food and beverage packaging, high consumption of flexible packaging over conventional packaging, and rising demand towards extending the shelf-life of the product are some factors driving the growth of Europe protective packaging market. Growing usage of bio plastics and rising preference of paper based packaging are the major two factors to boost the Europe protective packaging market. According to United States Environmental Protection Agency, in 2017, the recycling rate of generated packaging and containers was 50.1 %. Additionally, the combustion of containers and packaging was 7.9 million tons (23 % of total combustion with energy recovery) and landfills received 32.1 million tons (23 % of total landfilling) in 2017. Moreover, the market players in this industry are engaged in developing more convenient solutions such as flexible packaging by combining the qualities of plastic, film, paper and aluminum foil to deliver a broad range of protective properties while employing a minimum of material. It can be a potential opportunity for market players over the forecast period.
Protective Packaging Market Regional Analysis –
Asia-Pacific is dominating the protective packaging market. Rising internet penetration across this region has propelled the retail environment in developing countries such as China, India, and Malaysia, with a notable increase in number of retail formats such as hypermarkets, supermarkets, convenience stores, and retail e-commerce. In the view of increasing disposable income and spending lesser time on shopping, e-retailing is gaining a huge traction among individuals in this region. According to the National Bureau of Statistics of China, the gross domestic product (GDP) of China was 99,086.5 billion Yuan in 2019, an increase of 6.1 % over the previous year at comparable prices.
North America is anticipated to grow at a highest CAGR over forecast period. Strong presence of key manufacturers and suppliers of protective packaging in these regions is significantly contributing to the market growth.
Key Benefits for Protective Packaging Market Reports –
Europe Market report covers in depth historical and forecast analysis.
Europe Market research report provides detail information about Market Introduction, Market Summary, Europe market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Europe Market report helps to identify opportunities in market place.
Europe Market report covers extensive analysis of emerging trends and competitive landscape.
Protective Packaging Market Segmentation –
By Material:- Paper & Paperboard, Rigid Plastics, Flexible, Metal, Glass, Others
By Function:- Cushioning, Blocking & Bracing, Void-fill, Insulation, Wrapping, Others (Vibration Dampening, Moisture Protection, UV & Weather Resistance, and Fireproofing)
By Application:- Food, Beverage, Healthcare, Cosmetics, Industrial, Other Consumer Goods
By Regional & Country Analysis
North America, US, Mexico, Chily, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, South Korea, Japan, India, Southeast Asia, Latin America, Brazil, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
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