Protective Packaging Market is Estimated to Grow and Reach a Value of US$43.215 Billion by 2024

Knowledge Sourcing Intelligence announces the publication of a new report on "Protective Packaging Market"- Forecasts from 2019 to 2024" to their offering.

Protective packaging is defined as an effective packaging solution that is used to safeguard the product from any damage that can occur during storage and transportation. It is of various types such as rigid, flexible and foam.

According to the report, the protective packaging market is projected to expand at an impressive CAGR of 5.85% over the forecast period 2018-2024. The protective packaging market is expected to surge during the forecast period due to the growing demand of the consumer to receive the product without any compromise in the quality and any damage that can occur during storage or transport of the product. Moreover, due to an increase in the number of consumers preferring e-commerce channels for the purchase of different products such as electronics and food and beverage, the demand for these packaging solutions will increase, thus bolstering the market growth further. Geographically, North America is anticipated to hold a noteworthy share in the market, which can be attributed to the increasing focus of end-user industries to provide effective protective packing solutions for their products. Asia Pacific is expected to show a noteworthy growth over the forecast period due to the evolving e-commerce industry. Furthermore, due to the presence of key players and the investments being made in the market to enhance the protective packaging solutions will continue to drive the protective packaging market in the coming years.

Some of the major players covered as part of the report are ACH Foam Technologies LLC, Buckeye Corrugated, Inc., Cellofoam North America, Inc., Huntsman CorporationandLandaal Packaging System Inc.among others.

This report segmented the protective packaging market on the basis of the following terms

o By Material Type
o Paper and Paperboard
o Plastic
o Foam Plastics
o Others

o By Product Type
o Rigid Protective
o Corrugated Box
o Moulded Pulp
o Insulated Shipping Containers
o Paperboard Protectors
o Others

o Flexible Protective
o Paper Fill
o Air Pillows
o Bubble Packaging
o Protective Mailers
o Others

o Foam Protective
o Loose Fill
o Moulded Foam
o Foam-In-Place
o Others

o By Function
o Insulation
o Wrapping
o Blocking and Bracing
o Cushioning
o Void Fill

o By Industry
o Food and Beverage
o Consumer Electronics
o Automotive
o Healthcare
o Others

o By Geography
o North America
o USA
o Canada
o Mexico
o South America
o Brazil
o Argentina
o Others
o Europe
o Germany
o France
o United Kingdom
o Spain
o Others
o Middle East and Africa
o Saudi Arabia
o Israel
o UAE
o Others
o Asia Pacific
o China
o Japan
o South Korea
o India
o Others

View a sample of the report or purchase complete study https://www.knowledge-sourcing.com/report/protective-packaging-market

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Knowledge Sourcing Intelligence is a market research and consulting firm based out of India. Driven by industry experts, the company provides syndicated reports, custom research, and consulting services. Our proprietary data analytics model blended with quality primary and secondary research data, assists in generating quality reports providing crucial insights to managers and decision-makers. The services offered by us help companies to gain the required competitive edge. Our expertise across 10 industries such as ICT, Chemicals, Semiconductors, Healthcare among others caters to diverse client needs.

This release was published on openPR.