Press release
Protective Packaging Market expects bubble wrap demand to boom as drone delivery adoption rises
Protective packaging materials can be broadly classified as foam packaging, packaging paper, paper board, plastic and others. These types of packaging equipment are designed in a way so as to secure the condition of the primary product. Various protective packaging designs provide safety from fire, extreme heat, careless human handling, moisture, shock, vibrations, electricity, etc.
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Scope & Regional Forecast of the Protective Packaging Market
The Protective Packaging Market provides packaging solutions in a personalized depending on what a particular industry vertical requires. Fabricated packaging foam, molded pulp, solid fiber board, thermo foam blisters, etc. are some the diverse packaging equipment provided by the Protective Packaging Market. The development of a packaging design revolving around plastic is considered as one of the important advances achieved by protective packaging companies.
But the biggest driver of growth and technological innovation for the Protective Packaging Market in recent years has been the E-commerce market. E-commerce functions on the simple formula of buying and selling products or services over the internet. Online shopping adoption rates have been off the charts in both developed and developing countries due to the ubiquity of smartphones. This has in turn had a major positive effect on the Protective Packaging Market.
An increase in urban population and the growing ease of online shopping have only served to raise the importance of protective packaging materials in enabling the delivering of goods in perfect condition. The need for recycling and lowering the cost of protective packaging products has pushed the innovation of packaging design to its limit. A new set of challenges await packaging solutions as E-commerce delivery through drones is set to pick up.
Thanks to India and China, the Asia-Pacific region has transformed into a huge gift for the Protective Packaging Market in terms of demand and growth. The region is also predicted to exhibit the highest growth in the future with North America and Europe following close behind.
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Segmentations & Key Players involved in the Protective Packaging Market
According to IndustryARC findings, the Protective Packaging Market can be broken down into various segmentations on the basis of –
Function: Cushion, Blocking & Bracing, Containment, Void-Fill, Surface Protection and Others.
Industry Vertical: Agriculture, Pharmaceuticals, Automotive, Construction, Textiles, Electronics, Food & Beverages and Others.
Some of the key players involved in the Protective Packaging Market according to IndustryARC are as follows:
• Unipaq, Inc.
• Phoenix/Packaging, Inc.
• Reid Packaging
• RTS Packaging, LLC
• Sealed Air Corporation
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