Void-fill Packaging Products Market Size & Share - Industry Trends and Forecast 2017 - 2025

Marketresearchreports.biz has announced the addition of a new research study on the "Void-fill Packaging Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" to its report database.

The main objective of this report is to define, describe, and forecast the global “Void-fill Packaging Products” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Global void-fill packaging products market: Introduction

Void-fill packaging products are secondary packaging materials, used to fill excess spaces inside a container to protect the product from damage during delivery or shipping, and are a form of protective packaging. Void-fill packaging products have evolved over time, ranging from older solutions such as paper and packaging peanuts, to modern solutions such as foam, and air pillow packaging. Preference for void-fill packaging products is attributed to a need to ensure product safety during transit. Modern trade has had tremendous impact on the logistics sector, across the globe, and has ultimately boosted growth in demand for packaging solutions such as void-fill packaging products. Void-fill packaging products currently are employed across the packaging industry for goods delivery. However, growth of the global void-fill packaging products market is solely dependent on how alternative packaging solutions perform in the market. Void-fill packaging is also used to ensure that products reach their destination, intact, for an amazing first impression. Owing to the ease of filling up void spaces in a packaging container, void-fill packaging products are expected to continue to gain traction in the market.

Global void-fill packaging products market: Dynamics

Global trade has undergone significant transformation in the last few decades. Modern trade practices have brought about a revolutionary change in the way goods are traded. The global void-fill packaging is expected to grow on the backdrop of increasing penetration of modern trade. Rise of e-commerce platforms such as Amazon and Flipkart have played a key role in increasing demand of void-fill packaging products. Product handling is a key factor considered by logistics service providers to ensure that products reach their destination without any damage and compromise on quality. This has made protective packaging solutions the need of the hour. In addition to that, need for cost effective packaging solution is also expected to drive growth of the global void-fill packaging products market. Due to their efficiency in filling up empty space of any size, void-fill packaging products are better able to reduce costs, and facilitate simplification of the ordering process, resulting in increased volume savings on the ordered products. Other major factors expected to drive growth of the global void-fill packaging products market is the use of recyclable materials, which will receive high preference in the future. Due to all of these factors, the need for void-fill packaging products is unlikely to decrease, over the forecast period. However, there are certain factors which might affect growth of the global void-fill packaging products market. The same factors that fuel the need for void-fill packaging products, also drive growth in usage of alternative protective packaging solutions. Various protective packaging solutions such as scuff resistant packaging, layer pads, foam bags, fluted paper, among others, have witnessed increased use due to rise of modern trade practices, and are likely to be major competitors of void-fill packaging products, during the forecast period.

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Global void-fill packaging products market: Segmentation

The global void-fill packaging products market is segmented as –

On the basis of material type, the global void-fill packaging products market is segmented as:

Foam
Paper
On the basis of product type, the global void-fill packaging products market is segmented as:

Wrap Films
Bubble Films
Cushion Films
Void Films
Paper Pads
Molded Cushions
Continuous Foam Tubes
On the basis of end-use industry, the global void-fill packaging products market is segmented as:

Consumer Electronics Industry
Food & Beverage Industry
Personal Care & Cosmetics Industry
Automotive
Others

Global void-fill packaging products market: Regional Outlook

The global void-fill packaging products market has been divided into seven regions -

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Middle East and Africa (MEA)
Japan
The North America region is expected to lead the global void-fill packaging products market, followed closely by the APEJ region. This is attributed to high volume of trade in these regions, coupled with growth in penetration of modern trade and e-retail practices in the APEJ region. Especially, the government in emerging economies such as China and India, have been making efforts to increase their volume of trade, making the trade capability of the APEJ region, tremendous. The APEJ void-fill packaging products market is therefore anticipated to surpass that of the North American region, by the initial years of the next decade. Western and Eastern Europe, along with Japan are expected to witness moderate growth of the void-fill packaging products market, over the forecast period. The void-fill packaging market in the Latin America region is expected to witness healthy growth over the forecast period, owing to increasing trade volume.

Global void-fill packaging products market: Key Players

The global-void fill packaging market is led by manufactures such as Sealed Air Corporation and the Smurfit Kappa Group, among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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