Press release
Protective Packaging Market Annual Sales, Size, Major Strategies, Key Companies, Revenue Share Analysis, 2020–2026
The Protective Packaging Market is expected to reach USD 40.72 Billion by 2026, according to a new report by Reports and Data. Protective packaging products are intended to protect the finished goods from atmospheric, electrostatic, magnetic, vibration, or shock damage. Rising demand for product protection, widespread deployment of flexible packaging over conventional packaging, and increasing inclination towards prolonging the shelf-life of the product are expected to fuel the market demand in the upcoming years.Technological advancements in packaging play an instrumental role in stimulating market demand. The growth of the market is owing to increasing demand from the food & beverage, industrial goods, and pharmaceutical industries coupled with growing preference for convenient packaging.
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Leading companies operating in the market and profiled in the report include:
Sealed Air Corporation,
Sonoco Products Company,
DOW,
Smurfit Kappa Group,
DS Smith PLC,
Pregis Corporation,
Pro-Pac Packaging Limited,
Huhtamaki OYJ,
Westrock, and Ranpack,
among others.
To know more about the report @ https://www.reportsanddata.com/report-detail/protective-packaging-market
Protective Packaging Market Segmentation:
Type Outlook:
Rigid
Flexible
Foam
Application Outlook:
Cushioning
Blocking & Bracing
Insulation
Wrapping
Void-Fill
Others
Regional Outlook:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Rest of MEA
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Thank you for reading our global Protective Packaging market report. Kindly contact us to know more about the customization feature and our team will offer you well-suited customized report as per your requirement.
Further key findings from the report suggest
By product type, flexible protective packaging accounted for the largest share of the market in 2018, due to the use of less material to create flexible packaging. This creates less waste and hence is more environmentally friendly as less material is left in the landfills. Furthermore, less water and energy is consumed in the production of flexible packaging, and as the products tend to weigh less, there are fewer transportation costs and energy waste.
By material type, plastics contributed to the largest market share in 2018. Plastic provides the benefit of being cost-effective to producers and is inert to the contents being packed in it and thus is used for packaging products in certain industry verticals.
By industry vertical, the food & beverage industry dominated the market in 2018 and is expected to witness a growth rate of 4.4% in the forecast period, due to the major benefits offered in food packaging such as containing food, transporting, preserving and protecting food, as well as permitting effective communication and selling of the packaged food product.
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