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Protective Packaging Global Market 2023 - Increasing Demand, Emerging Trends, Growth Opportunity And Outlook 2032
Protective Packaging Market
Protective Packaging Market Size, Growth Rate, And Forecast
The global protective packaging market size is expected to grow from $30.97 billion in 2022 to $33.33 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The protective packaging market size is expected to grow to $42.85 billion in 2027 at a CAGR of 6.5%.
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Protective Packaging Market Drivers
The growth of the e-commerce industry is expected to propel the growth of the protective packaging market going forward. E-commerce is the practice of purchasing and reselling products and services online, which includes business-to-business (B2B), business-to-consumer (B2C), and other business models.
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Protective Packaging Market Segments
• By Type: Rigid Protective Packaging, Flexible Protective Packaging, Foam Protective Packaging
• By Material: Foam Plastics, Paper And Paperboard, Plastics, Other Materials
• By Function: Cushioning, Blocking And Bracing, Void Fill, Insulation, Wrapping
• By End-User Industry: Food And Beverage, Industrial Goods, Automotive, Household Appliances, Pharmaceuticals, Other End-User Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Protective Packaging market.
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Protective Packaging Market Key Players
Major competitors in the Protective Packaging market include The Smurfit Kappa Group PLC., Sealed Air Corporation, Sonoco, Huhtamäki Oyj, Dow, DS Smith PLC., Pregis Holding II CORP, Pro-Pac Packaging Group .
The Business Research Company's "Global Protective Packaging Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Protective Packaging Market Include:
1. Executive Summary
2. Protective Packaging Market Characteristics
3. Protective Packaging Market Trends And Strategies
4. Protective Packaging Market - Macro Economic Scenario
5. Protective Packaging Market Size And Growth
..............
26. Africa Protective Packaging Market
27. Protective Packaging Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Protective Packaging Market
29. Protective Packaging Market Future Outlook and Potential Analysis
30. Appendix
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