Protective Packaging Market 2022 Growth Outlook - Pregis Corporation, Riverside Paper Co., Sealed Air Corporation, Signode Protective Packaging Solutions

The Protective Packaging Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The protective packaging market was valued at USD 30.56 million in 2020, and it is expected to reach a value of USD 41.65 million by 2026 at a CAGR of 5.4% during the forecast period of 2021 to 2026.

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Top Leading Companies of Protective Packaging Market are Intertape Polymer Group Inc., 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 Company, Pro-Pac Packaging Limited, Storopack Hans Reichenecker Gmbh, Crown Holdings Inc. and others.

Industry News and Updates

May 2019 - Sealed Air Corporation announced the signing of a definitive agreement to acquire Automated Packaging Systems Inc. (APS), a manufacturer of automated bagging systems, for an overall price of USD 510 million. APS is anticipated to bring highly complementary and additive capabilities to Sealed Air Corp., including expertise in engineering, automation technology, and sustainability, which may strengthen the company's protective packaging solutions.

- June 2019 - Warburg Pincus, a global private equity firm, agreed to acquire Pregis LLC, a protective packaging materials and automated systems manufacturer, from Olympus Partners, headquartered in Stamford, Connecticut.

Key Market Trends

Europe is Expected to Execute a Steady Growth Rate

- The e-commerce industry has already established itself as a significant sales channel for a comprehensive portfolio of products, ranging from food and beverages to consumer electronics and home and beauty care products in the European region. Additionally, the rising online sales have helped in the growth of the market for protective packaging solutions, as these solutions enable the vendors to ensure the safe delivery of their products sold online

- Further, technological advancements, leading to the development of recyclable materials for protective packaging, have majorly driven the demand for these effective and sustainable packaging solutions in various countries in the region. This increasing demand for sustainable protective packaging solutions is expected to drive the growth of the market.

- The European region has a significant consumer electronics industry, which is supported by the high technological connectivity environment. With the advancing technology, the rising trend of smart homes and offices is augmenting the demand for consumer electronics, driving the market.

Regional Outlook of Protective Packaging Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Protective Packaging Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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