Protective Packaging Market Is Expected To Surpass US$ 46,368.9 Mn By 2028 | CAGR: 5.3%

Protective packaging is used to protect products from harm caused by stress, vibration, magnetic, electrostatic, or atmospheric conditions. Protective packaging reduces waste and saves money during shipping and warehouse storage. They come in two varieties: custom and standard. Precision production to the required specifications, extensive testing, and inventive design are all part of a custom protective packaging solution.

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Key companies covered as a part of this study include Sonoco Products Company, Sealed Air Corporation, Packaging Corporation of America, ACH Foam Technologies, Inc., BASF SE, Cascades Inc., Pregis Corporation, Ranpak Corp., Storopack Hans Reichenecker GmbH, and Advanced Protective Packaging Ltd

Manufacturers' increased preference for bioplastic materials for protective packaging is expected to open up new market prospects in the near future. For example, at LUXE PACK New York in May 2019, Eastman will display sustainable packaging solutions such as Eastman Tr?vaTM engineering bioplastic and Cristal EV600TM copolyester. They can be used as a straight replacement for ABS in packaging applications and allow for downgauging. They also provide higher performance and have a lower environmental impact.

Inflatable packaging is gaining popularity in the market because it provides excellent protection at a reasonable cost. Furthermore, factors such as being more environmentally friendly than other bulkier options are driving up product demand. Additionally, they provide a higher level of shock absorption and protection for the packaged product. Inflatable packaging has also significantly reduced damage and expense within the supply chain. As a result, the market is expanding due to rising demand for inflatable packaging.

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Detailed Segmentation:

Global Protective Packaging Market, By Material Type:
Foamed Plastic
Paper
Plastic

Global Protective Packaging Market, By Product Type:
Foam Protective Packaging
Flexible Protective Packaging
Rigid Protective Packaging

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