Directory Image
This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Privacy Policy.

Protective Packaging Market worth $38.8 billion by 2026

Author: Neha Bhosle
by Neha Bhosle
Posted: Nov 24, 2022

The report "Protective Packaging Market by Material (Foam Plastics, Paper & Paperboard), Type (Flexible, Rigid, Foam), Function (Cushioning, Blocking & Bracing, Void Fill), Application (Food & Beverage, Consumer Electronics), and Region - Global Forecast to 2026", size is estimated at USD 29.8 billion in 2021 and is projected to reach USD 38.8 billion by 2026, at a CAGR of 5.4%. The global protective packaging market is projected to grow at a healthy rate over the next five years, supported by the rising e-commerce industry and manufacturing activities. The increasing popularity of online shopping and rising consumer spending for packed goods are fueling the demand for protective packaging.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=39055502

Browse in-depth TOC on "Protective Packaging Market"

361 - Tables

63 - Figures

305 – Pages

Foam plastics is the largest material segment of the protective packaging market

The protective packaging market is segmented on the basis of material into foam plastics, paper & paperboard, plastics, and others. The foam plastics material segment accounted for the largest market share. The large market share is attributed to its lightwieight, good thermal insulation, and shock-absorbing properties, which are suitable for protective packaging.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=39055502

Flexible protective packaging is the largest type of segment of the protective packaging market

The global protective packaging market is segmented based on type into flexible protective packaging, rigid protective packaging, and foam protective packaging. The flexible protective packaging segment is expected to account for largest market share. This is attributed to the increasing demand for recyclable and cost-effective materials.

Cushioning is the largest function segment of the protective packaging market

The global protective packaging market is segmented on the basis of function into cushioning, void fill, wrapping, insulation, and blocking & bracing. Cushioning is projected to account for largest market share, as it protects fragile and lightweight items from damage during transportation and warehousing. Also, it restrains movement of the packed product and prevents damage from shock and vibration during transportation.

Industrial goods are the largest application segment of the protective packaging market

The global protective packaging market is segmented on the basis of application into industrial goods, food & beverage, healthcare, consumer electronics & appliances, automotive, household appliances, and others. Industrial goods accounted for largest market share. This is attributed to the rapid growth of industrial sector and transportation of intermediate goods for aerospace, electrical, and machinery goods for manufacturing.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=39055502

APAC is the largest market for protective packaging market

The APAC region is the largest and fastest-growing protective packaging market. China is the largest and fastest-growing market in the region and is projected to dominate the regional market in the next five years. Key factors such as industrialization, rising internet penetration, growing manufacturing activities, increasing disposable income, rising consumption level, and the growing e-retail sales will drive the market during the forecast period.

The key players in the protective packaging market are Smurfit Kappa (Ireland), Sealed Air Corporation (US), Sonoco (US), Huhtamaki (Finland), DOW (US), and others. The protective packaging market report analyzes the key growth strategies adopted by the leading market players, between 2016 and 2021, which include expansions, mergers & acquisition, new product developments/launch, and collaborations.

Don’t miss out on business opportunities in Protective Packaging Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441sales@marketsandmarkets.com

Rate this Article
Leave a Comment
Author Thumbnail
I Agree:
Comment 
Pictures
Author: Neha Bhosle

Neha Bhosle

Member since: Nov 20, 2022
Published articles: 10

Related Articles