Protective Packaging Market Analysis with Strategic Trends, Growth and Forecast to 2027
Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on " Global Protective Packaging Market: By Material Type (Plastics and Foam Plastics, Paper and Paperboard and Others), By Packaging Type (Flexible Protective Packaging, Foam Protective Packaging and Rigid Protective Packaging), By Function (Blocking and Bracing, Cushioning, Insulation, Void Fill and Wrapping), By Application (E-commerce, Automotive, Electronics and Appliances, Food and Beverages, Machinery and Others) and Geography - Global/Region/Country Forecast to 2027",
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Growing adoption of protective materials for packaging is fostering the market growth:
The major advantages of protective packaging are protect the goods from fireproofing, shock or vibration dampening, thermal insulation, vapor protection, electrical insulation, UV, fireproofing and moisture. There is growing adoption of protective packaging in industries like electronic, E-commerce and logistics as protective packaging protects the products from magnetic, atmospheric, vibration, electrostatic and shock damage. Growing adoption of protective materials for the purpose of packaging air pillows, bubble-wrap, packaging foam and packaging materials is one of the leading factors to foster the market growth over the forecast time span.
There are several factors that enhance the global protective packaging market, which include growing manufacturing industries, increasing middle-class population, rapidly growing markets for vaccines and biotechnology drugs, changing lifestyle and long shelf life. On the other hand, frequently changing packaging design and concerns about environment and recycling are hindering the market growth. Furthermore, availability of different packaging shapes and sizes according to customization technological improvements in the protective packaging and growing count of end-user industries are a few prominent factors enhance the market growth over the forecast period 2021-2027.
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Impact of COVID-19 on Protective Packaging Market:
In addition, the report discusses the implications of COVID-19, including the industry's initial response and strategies for ensuring business continuity in the coming years.
Asia Pacific dominating the market and obtaining huge market revenue share in the Global Protective Packaging Market:
Asia Pacific became the huge market revenue share obtainer recording significant CAGR. Growing demand for insulated packaging from the industries such as food and beverage will foster the market growth. Increasing demand for insulated packaging for the packaging of food products from E-commerce channels is another market driven factor during the forecast years. Growing online food ordering in major countries such as China, Japan, India and other Asia Pacific Countries has driven the protective packaging market growth. E-commerce meal delivery and grocery deliver completely depend on protective packaging, which deliver items safely. Growing adoption of E-commerce for the purchase in India, Japan and China is a key factor lead towards the market growth in Asia Pacific Region. For example, E-commerce Industry in India and China is slowly increasing because of the growing interest access.
A few major key players operating in the market are ACH Foam Technologies, Inc., Cellofoam North America, Inc., Ecovative Design, Max Packaging, Inc., Macfarlane Group PLC, Sealed Air Corporation, Protective Packaging Solutions, LLC, Packaging Corporation of America, Pregis LLC, Smurfit Kappa Group and Springpack Corporate.
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