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Protective Packaging Market: Global Industry Size, Share and Trends Analysis and Forecast, 2015-2021
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Owing to increasing use of protective packaging in different applications such as pharmaceutical, food and beverages there is a high demand of this type of packaging in the market. Further, technological advancements and spending over R&D are expected to fuel the protective packaging market. Increasing adoption of protective packaging in the food & beverages and electronics sector in order to provide protection during transportation or shipping will positively impact the global market growth in the future. Moreover, booming e-commerce market will enhance the demand for the protective packaging market. Rising cost of the raw materials is the major challenge before global market to deal with. In addition, strict regulation by the government over the use of recyclable materials may restrict the growth of the market in future.
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The global protective packaging market is segmented on the basis of materials as paper board, fabricated foam, corrugated, thermal foam blisters, plastics, molded EPS, solid fiber board, nonwoven fibers, molded pulp, and others. Of which, plastic is the dominating material segment across the globe. The global market is further categorized based on types as solid fiber board, corrugated, and others. Further, the market is divided on the basis of end-users as automotive, food & beverages, consumer usable, electronics, personal care, medicines, and others. The food & beverages segment is the dominating segment. The market is further fragmented based on the application as blocking & bracing, cushion, surface protection, void-fill, containment, and others. The key user segments include agriculture, food & beverages, pharmaceuticals, automotive, construction, electronics, textiles, and much more.
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Asia Pacific is the dominating region for the protective packaging market owing to increasing spending power of the people. North America shows a considerable growth owing to rapid penetration of the Internet in this region. Moreover, increasing manufacturing activities in Europe are anticipated to grow at a comparatively higher rate, leading to overall market growth in this region. On the other hand, emerging economies such as Brazil, China, South Africa, and India are expected to exhibit significant growth in future.
Some of the key players in the global protective packaging market are ACH Foam Technologies LLC, Unisource Worldwide, Protective Packaging Solutions, IVEX Protective Packaging, Sealed Air, Packaging Corporation of America, Automated Packaging Systems Incorporated, and Macfarlane Group. Other key players the global market include Sonoco Products, Cascades, Springpack, Smurfit Kappa Group, Max Packaging, Universal Protective Packaging, Geami, FP International, EPS and EPE, Cellofoam North America Incorporated, Ecovative Design LLC, BASF SE, and Bayer AG.
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