Protective Packaging Market Share 2021 Strategies to Boost Growth, Development, Manufacturers, Industry Size, Trends with Covid-19 Impact till 2026 | 3M Corporation, Automated Packaging Systems Inc., Intertape Polymer Group Inc.

The "Protective Packaging Market" provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the Market’s growth. The rise in the aviation sector is escalating the growth of the Protective Packaging Market. Increased adoption of superior technology consisting of synthetic intelligence and system learning, a developing quantity of records and growing utility of records answers through an extensive variety of ends person verticals consisting of banking, economic services, and insurance, authorities and public sector, telecommunications and IT, energy, healthcare and others are the foremost elements as a consequence of the increase of the market.

Key players in the global Protective Packaging Market covered:

3M Corporation, Automated Packaging Systems Inc., Intertape Polymer Group Inc., MJS Packaging Company, Mold-Rite Plastics, Placon Corporation, Pregis Corporation, Riverside Paper Co., Sealed Air Corporation, Signode Protective Packaging Solutions, Sonoco Products Company, Smurfit Kappa Group, Huhtamaki Group, DS Smith PLC, International Paper, Mondi Group

Recent Development:

- August 2018 - Sonoco announced the expansion of its environmental and social stewardship initiatives to achieve greater packaging sustainability and recycling, supporting the food industry's efforts to reduce global food waste.
- May 2017 - Pregis announced its acquisition of Sussex, a Wisconsin-based sharp packaging system for an undisclosed amount. The acquisition is expected to enable Pregis to expand its product portfolio to include a complete line of flexible packaging bagging systems and materials.

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Market Overview

The protective packaging market was valued at USD 25.78billion in 2019, and it is expected to reach a value of USD 34.08 billion by 2025 at a CAGR of 4.77%, during the forecast period of 2020-2026. Logistics and material handling technology, with its development and innovation, has played a significant role in the evolution and adoption of new generation packaging products.

- In the present market scenario, customer retention for a business is beneficial, as a satisfied customer has a high worth for the company's image. Hence, an increased focus on extending the shelf life of products, coupled with the growing demand for eco-friendly materials and the growing consumer awareness on product quality, and the trust of prospective and potential customers are some factors driving the market.

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Key Market Trends

Plastic-based Protective Packaging is Expected to Occupy Significant Market Share

- Plastic remains one of the most used raw materials for packaging and hence occupies the highest market share among all the raw materials being used by the manufacturers in the packaging industry.
- Plastic provides the flexibility of being cost-effective to manufacturers and its inert nature to the contents being stores in it has allowed it to be utilized for packaging products in certain industry verticals.
- With e-commerce sales increasing globally, coupled with properties plastic possess, it is used for safe logistics and transport of the orders.

Key questions answered in this report:

What are the current market trends and dynamics in the circulating Protective Packaging market and valuable opportunities for emerging players?
Estimated forecast and market projections up to 2026
Which segment accounts for the fastest CAGR during the forecast period?
Which is the largest regional market for circulating the Protective Packaging market?
What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
The worldwide market value of the circulating Protective Packaging market in 2021 and 2026
Which are the key trends driving the global circulating Protective Packaging market growth?
Who are the leading service providers in the circulating Protective Packaging market worldwide?

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Europe is Expected to Execute a Steady Growth Rate

- E-commerce has already established itself as a significant sales forum for a wide range of products from food and beverages, consumer electronics, and home and beauty care products in the European region. The rise in online sales, in turn, has driven the market for protective packaging solutions, which ensure the safe delivery of the delicate products sold online.
- The region consists of a developed economic population having disposable wealth, along with an improving middle class. This situation strengthens the purchasing power of the people, which indirectly propels the demand for protective packaging solutions in the region. The demand emerging from this segment is majorly for the protective packaging material with B2C reach i.e., for the products, which are directly used by the individual customers.

Effect of COVID-19:

Protective Packaging Market report investigates the effect of Coronavirus (COVID-19) on the industry. Since December 2019, the COVID-19 infection has spread to practically 180+ nations around the world with the World Health Organization pronouncing it a general wellbeing crisis. The worldwide effects of the Covid infection 2019 (COVID-19) are now beginning to be felt, and will essentially influence the market in 2020

Report Customization:

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