Protective Packaging Market 2023 : Pro-Pac Packaging Limited, DS Smith Plc, Huhtamaki OYJ, Rocktenn Company, The Dow Chemical Company and Other top key players included
Protective packaging is embraced in various applications such as food, electronics, and pharmaceutical industries. Protective packaging can be classified on the basis of product type into three main segments namely rigid, foam, and flexible. In addition, protective packaging provides solutions, which protects industrial products, machineries, and equipment from damage during storage and shipping. Moreover, protective packaging offers protection in the form of blocking and bracing, flexible cushioning, protective containment, void fill, wrapping, and surface protection.
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The global protective packaging market is expected to witness enormous growth in future owing to rapid boom of ecommerce industry and improvement of manufacturing industry. Moreover, rise in trend of online shopping boosts the overall growth of the ecommerce industry, which in turn makes way for the market growth. Furthermore, increase in investments in R&D activities is expected to contribute toward market growth owing to the use of recyclable materials. Increase in utilization of protective mailers by entrepreneurs to integrate inflated air pillows and fill the void material is another factor that boosts the market growth. However, increase in cost of raw materials is expected to hinder the market growth during the forecast period. Environmental regulations on non-renewable fossil-fuel feed stocks used for packaging is expected to restrict the market growth.
The global protective packaging markets market is segmented based on material type, product type, function, end-user industry, and geography. By material type, the market is classified into foam plastics, paper & paperboard, plastics, and others (wood and glass). By product type, it is categorized into flexible, foam, and rigid. Flexible is further segmented into protective mailers, bubble packaging, air pillows, paper fill, and dunnage bags. Foam is sub-divided into insulated shipping containers, molded foams, foam in place polyurethane, polyolefin rolled foam, and loose fill. Rigid type is further bifurcated into paperboard protectors and molded pulp. By function, the market is divided into wrapping, void-fill, insulation, cushioning, blocking, and bracing. By end-user industry, it is categorized into food & beverage, industrial goods, automotive, household appliances, and pharmaceuticals. Geographically, the protective packaging market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Key market players in this sector include Pro-Pac Packaging Limited, DS Smith Plc, Huhtamaki OYJ, Rocktenn Company, The Dow Chemical Company, Pregis Corporation, Sonoco Products Company, BASF SE, Cascades Corporation, and Sealed Air Corporation.
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Key Benefits for Stakeholders:
• This report provides a quantitative analysis of the current trends, estimations, and dynamics through 2017-2023, which assists to identify the prevailing market opportunities.
• Major countries in each region are studied to evaluate trends and opportunities of the market.
• The region-wise and country-wise market conditions are comprehensively analyzed in the report.
• Key players of the protective packaging market are also listed.
• This study evaluates value chain to understand the competitive environment across geographies.
• An in-depth analysis of the segmentation is provided to elucidate the dominant opportunities.
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