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High-Pressure Protective Packaging Film Market - Forecast on Market Dynamics, Emerging Trends, Growth Factors
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High pressure protective packaging film addresses the perennial problems of transporting delicate items and heavier objects. The high-pressure protective packaging film invention has provided solution for protection of goods against physical hazards during the transportation using pneumatic pressure technology. High-pressure protective packaging film keeps the air sealed within the film for longer periods of time which helps to protect products that require longer shipping cycles and storage. It can be used for products with different weights with the use of hybrid cushioning.
High-pressure Protective Packaging Film Market - Market Dynamics:
The need of transporting the goods safely during the transportation is the key factor contributing to the growth of the high-pressure protective packaging film market. Companies need packaging technology that can handle physical endurance like breakages, scratches, dents, abrasions and corrosion during the shipping period. E-commerce is expected to increase at a CAGR of 9% over the forecasted period. On the backdrop of increased consumer preference for e-commerce, the high-pressure protective packaging film market has vertical upward growth. High-pressure protective packaging film market serve diverse industries which include aerospace, electronics, e-commerce, automotive, glass, housewares, pharmaceutical, industrial components, medical dental, etc. The light weight of the high-pressure protective packaging film is also an important factor for high-pressure protective packaging film market growth, as it reduces the freight and packaging cost. The hybrid cushioning achieved by the high-pressure protective packaging film is preferred by many of the companies for transporting products of different weights. The restraints for the high-pressure protective packaging film market include substitutes for high pressure protective packaging film such as paper, foam, void fillings, etc. Substitutes for high-pressure protective packaging film are comparatively light, efficient and cheap. The high-pressure protective film is also inefficient in adding the aesthetic values of the packaging of the product and providing information to the customer. But in current trend increasing awareness among the people for the use of eco-friendly products can be a major factor for the growth of high-pressure protective packaging film market due to reusability of high-pressure protective packaging film.
In an independent survey it has been found, high-pressure protective film is preferred by the consumers over other type of protective packaging. Product protection is ranked as the most important characteristic in the aspects of the packaging. If the product gets damaged in the transit, there is a high probability of customers not reordering from the same company. This incident can be avoided with the use of high-pressure protective packaging film which is very efficient in protecting the product from physical damages.
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The demand in the high-pressure protective packaging film market is expected to see upward trend during the forecasted period. The growth of the e-retail and the growing consumption of the electronic goods in the APEJ region is supporting the growth for high-pressure protective packaging film market in the region. The high-pressure protective packaging film market is expected to grow at a steady rate in North America and Western Europe region. The demand for the high-pressure protective packaging film market in the Eastern Europe and Latin America is anticipated to underperform for the forecasted period of 2016-2026 due to the low growth rate of e-commerce in the region. The growth for high-pressure protective packaging film market in MEA region is expected to be sluggish during the forecasted period.
Some Key players of High-pressure Protective Packaging Film Market
Some key players of high-pressure protective packaging film market are Pregis Corporation, Sealed Air Corporation, Rajapack Ltd, Automated Packaging System, Inc., Ivex Protective Packaging Inc, Future Packaging and Machinery (Pty) Ltd, Abco Kovex Ltd, Barton Jones Packaging Ltd, Tarheel Paper & Supply Company.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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