Protective Packaging Market Research Report - Forecast to 2023
Global Protective Packaging Market Information: By Product Type (Rigid Protective, Flexible Protective, And Foam Protective), Material (Paper & Paperboard, Plastics, And Others), Application (Consumer Goods, Food & Beverages, Industrial Goods, And Others), Function, And Region – Forecast To 2023
Global Protective Packaging Market Information: By Product Type (Rigid Protective, Flexible Protective, And Foam Protective), Material (Paper & Paperboard, Plastics, And Others), Application (Consumer Goods, Food & Beverages, Industrial Goods, And Others), Function, And Region – Forecast To 2023
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<strong>Protective</strong> <strong>Packaging</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong><br />
By <strong>Forecast</strong> To <strong>2023</strong><br />
Industry Survey, Growth, Competitive Landscape<br />
and <strong>Forecast</strong>s <strong>to</strong> <strong>2023</strong><br />
PREPARED BY<br />
<strong>Market</strong> <strong>Research</strong> Future<br />
(Part of Wantstats <strong>Research</strong> & Media Pvt. Ltd.)
<strong>Protective</strong> <strong>Packaging</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong> - <strong>Forecast</strong> <strong>to</strong> <strong>2023</strong><br />
Global <strong>Protective</strong> <strong>Packaging</strong> <strong>Market</strong> Information: By Product Type (Rigid <strong>Protective</strong>, Flexible <strong>Protective</strong>,<br />
And Foam <strong>Protective</strong>), Material (Paper & Paperboard, Plastics, And Others), Application (Consumer<br />
Goods, Food & Beverages, Industrial Goods, And Others), Function, And Region – <strong>Forecast</strong> To <strong>2023</strong><br />
<strong>Packaging</strong> is the covering of products in packages with the help of protective wrappings or other external covering, which<br />
provides protection, information, security, and other benefits. Boxes, bubble wrap, plastic, bags, cloth, and car<strong>to</strong>ns are<br />
some of the common packaging materials. Product packaging has grown as an important part of sales and marketing<br />
operations. With online sales growing at a rate of 20% annually, the packaging is impacting brand image, as well as shipping<br />
costs. Innovative packaging solutions enhance brand value with internal packaging and also demonstrates assurance <strong>to</strong><br />
environmentally responsible packaging, coupled with minimizing the size and weight of the overall package for lower<br />
shipping costs.<br />
A recent study shows that consumer are more inclined <strong>to</strong>ward purchasing products online, which is increasing the demand<br />
for packaging <strong>to</strong> protect goods from shock, vibration, and other damaging effects of shipping and handling. Increasing e-<br />
commerce sec<strong>to</strong>r is one of the main drivers and supports gains for products such as air pillows and protective mailers.<br />
Technological advancements in packaging play a vital role in driving the growth of protective packaging market. The market<br />
is experiencing high growth due <strong>to</strong> different fac<strong>to</strong>rs such as growth in demand from the food & beverage and healthcare<br />
sec<strong>to</strong>rs, and preference for convenient packaging. Advancement in technology has allowed innovation instead using<br />
traditional methods for packaging. Recent trend shows that key market players are focusing on R&D activities <strong>to</strong> develop<br />
sustainable and environment-friendly packaging materials, which can be reused and recycled. Popularity <strong>to</strong>wards online<br />
shopping and adoption of protective materials coupled with sustainable packaging are predicted <strong>to</strong> experience a positive<br />
impact on the market growth during the forecast period. Increased demand for protective packaging spurs investment in e-<br />
commerce applications. Many companies are investing heavily in the development of packaging products and are coming<br />
up with barrier resistance properties that offer resistance <strong>to</strong> heat and moisture and eliminates oxidation of foods. <strong>Protective</strong><br />
packaging helps <strong>to</strong> maintain the quality and consistency of food products while extending their shelf life without the use of<br />
preservatives. The protective packaging market was valued at USD 20.47 billion in 2017 and is expected <strong>to</strong> reach a value of<br />
USD 35.91 billion at the end of the forecasted period at a CAGR of 4.07%.<br />
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<strong>Protective</strong> <strong>Packaging</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong> - <strong>Forecast</strong> <strong>to</strong> <strong>2023</strong><br />
The global protective packaging market is segmented based on product type, material, function, application, and geography.<br />
On the basis of the product type, it is segmented in<strong>to</strong> rigid protective, flexible protective, and foam protective. By material,<br />
the market is classified as paper & paperboard, plastics, and others. By function, it is divided in<strong>to</strong> cushioning, blocking &<br />
bracing, void-fill, insulation, wrapping, and others. The application segment includes food, beverage, healthcare, cosmetics,<br />
industrial, and other consumer goods. The market is analyzed across Americas, Europe, Asia-Pacific, and the Middle East &<br />
Africa.<br />
The protective packaging market has witnessed a prospective growth over the last few years and as per MRFR analysis, the<br />
market is likely <strong>to</strong> retain the similar growth rate during the forecast period. In the report, the market has ca<strong>to</strong>girzed based<br />
on materials, which includes paper & paperboard, plastics, and others.<br />
Plastic is one of the most widely used materials for packaging across various end-use industries. Plastic in the form of PVC,<br />
PE, PP, PET, and others are used extensively. The material offers high barrier, cost-efficient, temperature resistance and<br />
durable packaging options. The segment holds the largest share in the global protective packaging market and is expected<br />
<strong>to</strong> grow at the highest rate in coming years.<br />
The Asia Pacific dominates the global protective packaging market, and it is anticipated <strong>to</strong> project the highest growth during<br />
the forecast period. Countries such as China and India are predicted <strong>to</strong> witness the highest growth within the region.<br />
Manufacturers are focusing on developing low-cost protective packaging options. Rapidly growing electronics industry and<br />
e-commerce sec<strong>to</strong>r and increasing the demand for paper & paperboard packaging, which includes folding, corrugated board<br />
or cardboard, protective mailers and others are some of the key fac<strong>to</strong>rs accelerating the market growth. Moreover, higher<br />
disposable income in developing countries such as India, China, and Indonesia increases the purchasing power of<br />
cus<strong>to</strong>mers. Hence, consumer dependence on processed, pre-cooked and packed foods is likely <strong>to</strong> increase. As a result,<br />
protective packaging market has been impacted, positively.<br />
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<strong>Protective</strong> <strong>Packaging</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong> - <strong>Forecast</strong> <strong>to</strong> <strong>2023</strong><br />
Segments<br />
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<strong>Protective</strong> <strong>Packaging</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong> - <strong>Forecast</strong> <strong>to</strong> <strong>2023</strong><br />
Key Players<br />
Some of the key players in the global protective packaging market are <strong>Packaging</strong> Corporation of America (U.S.), Max<br />
<strong>Packaging</strong> (India), Springpack (U.K), Sealed Air Corporation (U.S.), <strong>Protective</strong> <strong>Packaging</strong> Solutions (U.S.), Smurfit Kappa Group<br />
(U.K), Pregis Corporation (U.S.), ACH Foam Technologies LLC (U.S.), Bayer AG Germany, FP International (U.S.), BASF SE<br />
Germany, Macfarlane Group (U.K), Universal <strong>Protective</strong> <strong>Packaging</strong> (U.S.), Unisource Worldwide (U.S.), Cellofoam North<br />
America Incorporated (U.S.), and Ecovative Design LLC (U.S.).<br />
The new players trying <strong>to</strong> enter the market are required <strong>to</strong> make a moderate capital investment in order <strong>to</strong> meet<br />
technological aspects required for the protective packaging industry. In addition, medium government regulations <strong>to</strong> ensure<br />
that the raw materials used are a biodegradable waste <strong>to</strong> achieve sustainable packaging, makes the entry of new players<br />
moderately difficult, thus, making the threat of new entrants, medium.<br />
The report for Global <strong>Protective</strong> <strong>Packaging</strong> <strong>Market</strong> of <strong>Market</strong> <strong>Research</strong> Future comprises of extensive primary research<br />
along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion<br />
leaders <strong>to</strong> gain the deeper insight of the market and industry performance. The report gives the clear picture of current<br />
market scenario which includes his<strong>to</strong>rical and projected market size in terms of value and volume, technological<br />
advancement, macro economic and governing fac<strong>to</strong>rs in the market. The report provides details information and strategies<br />
of the <strong>to</strong>p key players in the industry. The report also gives a broad study of the different market segments and regions.<br />
Browse <strong>Report</strong> @ https://www.marketresearchfuture.com/reports/protective-packaging-market-1320<br />
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