Press release
Packaging and Protective Packaging Market by Top Players - Placon, WestRock Company, Sealed Air, Sonoco Products Company, Pregis LLC.
Packaging and Protective Packaging
Packaging and protective packaging is a wrapping or container made of plastic, paper, wood, metal, or glass. It is used to store products temporarily to protect and extend their shelf life. It's also used in a wide variety of different industries including automotive, appliance, aerospace, electronics, food & beverage and pharmaceuticals. This packaging protects the product from atmospheric, magnetic, electrostatic, vibration, or shock damage during shipping and storage.
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North America packaging and protective packaging market demand is increase during the forecast period due to rise in sales owing to internet shopping. In addition, changing lifestyles of their people is mainly to increased adoption of fast and convenience foods is also rise the growth of this market. Moreover, development of manufacturing markets is projected to supplement the growth of the North America packaging and protective packaging market. Tensile protective packaging products such as protective mailers, air pillows, bubble packaging, dunnage bags, and paper fill products are extensively utilized to their cost-effectiveness, lightweight, and their ability to package wide range of goods. On the other hand, strict government regulations towards the usage of packaging materials such as PVC and PE that emit VOC hamper the North America packaging and protective packaging market growth.
The market is segmented based on material, function, application, and country. Based on material, it is classified into paper & paperboard, rigid plastics, flexible, metal, glass, and others. Based on function, it is divided into cushioning, blocking & bracing, void-fill, insulation, wrapping, and others. Based on application, the market is classified into food, beverage, healthcare, cosmetics, industrial, and other consumer goods. By country, the North America packaging and protective packaging market analysis is done across countries U.S., Canada and Mexico.
However, introduction of biodegradable plastics for protective packaging is anticipated to growth opportunity to North America packaging and protective packaging market. It helps to reduce the plastic pollution and carbon emission over the country. Furthermore, rise in the population, is also helps to increasing the demand for protective packaging products is expected to growth opportunity for this market.
The major key players operating in the North America packaging and protective packaging include Placon, WestRock Company (NYSE: WRK), Sealed Air (NYSE: SEE), Sonoco Products Company (NYSE: SON), Pregis LLC., Dow (INDEXDJX: .DJI), Packaging Corporation of America (NYSE: PKG), Pacific Conveyor Systems, Universal Protective Packaging, Inc., Automated Packaging Systems, Inc., 3M (NYSE: MMM), and Robert Bosch Packaging Technology GmbH.
Based on country, U.S accounts for major share in the North America packaging and protective packaging market owing to rise in demand and industrial packaging expenditures in the country. In addition, the increase in urban population makes way for increasing packaging products in manufacturing industry activities providing growth opportunity for the overall market. It increases the need of protective packaging products including paper & paperboard, rigid plastics, flexible, metal, and glass especially in the countries such as U.S., Canada, and Mexico.
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Based on material, the paper & paperboard segment dominated the market in 2017, owing to increase in use of packaging material includes food and electronics industries, and a booming e-commerce sector, specifically in U.S., and Canada, are expected to further propel this market growth.
Based on function, the market is divided into cushioning, blocking & bracing, void-fill, insulation, wrapping, and others (vibration dampening, moisture protection, UV & weather resistance, and fireproofing).
By application, it is categorized into food, beverage, healthcare, cosmetics, industrial, and other consumer goods. The market is analyzed across North America countries.
KEY BENEFITS FOR STAKEHOLDERS
o Porter's five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the North America packaging and protective packaging industry for strategy building.
o It outlines the current market trends and future scenario of the market size from 2017 to 2025 to understand the prevailing opportunities and potential investment pockets.
o Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
o The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
o The profiles of key players along with their key strategic developments are enlisted in the North America packaging and protective packaging market analysis.
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