Loose-fill Peanuts Market Promising Growth Opportunities over 2017-2027

Loose-fill Peanuts: Market Introduction

The global protective packaging market is worth over US$ 20 billion and is expected to grow at a CAGR of over 5%. The demand for protective packaging is expected to dominate the overall protective packaging market over the forecast period. Loose fill peanuts is a protective packaging solution used to stabilize the products during transit. Loose fill peanuts acts as a shock proof for delicate and fragile products. Loose-fill peanuts is gaining traction among manufacturers, retailers, and logistics service providers due to high level of protection at low cost. Loose fill peanuts are considered environment friendly compared to other bulkier alternatives. Moreover, the shock absorption capability of loose-fill peanuts delivers a greater level of protection which is unequalled by other types of protective packaging solution. It is often regarded as superior to other manufacturing materials such as moulded pulp, corrugated paperboard, or moulded foam. Loose-fill peanuts are an efficient and protective packaging solution mainly used for the stability and safe transit of the products. Loose-fill peanuts ensures safety of products by providing shatter proof solutions for delicate products such as electronics, glass items, products made up of clay, etc.

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Loose-fill Peanuts: Market dynamics

Global population of internet users is increasingly resulting in the growth of consumer preferences towards e-commerce. Increasing penetration of modern trade and e-commerce has resulted in more consumers availing online retail services. This is attributed to the convenience associated with money transaction, product shipment, and delivery. This, in turn, is expected to boost the growth of global loose-fill peanuts market. The lightweight loose-fill peanuts helps in reducing the material as well as shipping costs as they fill the larger voids without increasing the overall weight of the package. Loose-fill solutions are easy to operate, and can be inflated directly resulting in eliminating the need of sealing. This helps the manufacturers achieve reduction in labour cost. The growing demand of consumer electronic good over the past few years has increased the need of loose-fill peanuts as cushioning solutions due to availability of raw materials at relatively low cost. Loose-fill peanuts offers more bundle securing and leaves no deposit on the products resulting in the neat and clean delivery of the products. Loose-fill peanuts conforms itself to shape of the packed object providing efficient protective solution resulting in increase of shelf life of the product.

Loose-fill Peanuts: Regional outlook

Loose-fill peanuts market has been segmented on the basis of the region into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. Western Europe is expected to dominate the market share of loose-fill peanuts owing to rise in consumer preference towards online purchasing. Western Europe is followed by North America due to increase in shipping and logistics in the region. APAC is anticipated to register highest growth rate in loose-fill peanuts market due to increase in internet users in the region.

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Loose-fill peanuts: Key players

Some of the key players in the global loose-fill peanuts market are Smurfit Kappa Group, Sealed Air Corporation, Storopack Hans Reichenecker GmbH, Free-Flow Packaging International, Inc. and Nefab Group.

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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. 

Report Highlights : Detailed overview of parent market,Changing market dynamics in the industry,In-depth market segmentation,Historical, current and projected market size in terms of volume and value,Recent industry trends and developments,Competitive landscape,Strategies of key players and products offered,Potential and niche segments, geographical regions exhibiting promising growth,A neutral perspective on market performance,Must-have information for market players to sustain and enhance their market footprint.

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