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Research and Development Activities of Loose Fill Packaging Market : Top Manufacturers, Market Growth Analysis,Sales, Revenue, Gross Margin & Future forecast 2017-2025
Market Research Report
Global Loose Fill Packaging Market: Overview
In today’s world, the root of packaging lies in the safety of product, tools & machinery from external damage during its storage and shipping. Several packaging options are readily available in the market which offers enhanced appealing values to the products from varied industries, loose fill packaging is one of that protective packaging solution that follows the basic property of protection. Loose fill packaging materials are dust-free, light in weight protective packaging solution which offers high-level shock and impact protection to the packaged product during shipment between manufacturers, distributors, retailers, and consumers.
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Manufacturers of loose fill prefer foaming materials such as expanded polystyrene (EPS) as well as modified starch which is then injected into molds, heated, and thus solidified into the desired shape such as peanuts, chips, etc. Loose fill packaging are applied in safe shipping of fragile objects such as glass, ceramics, etc.
Global Loose Fill Packaging Market: Drivers & Restraints
Growing applications of loose fill packaging especially in the electronics, automobile, homecare and personal industry particularly in developing countries are likely to drive the global loose fill packaging market over the forecast period. Loose fill packaging forms a low-cost protective packaging solution for standard-size corrugated shipping containers, eliminating the need for specialized designed boxes for every fragile product ultimately resulting in increased profitability of the end product.
Additionally, the growing e-commerce industry is also generating a spur in the use of protective packaging, owing to premium products being fed into logistics loop. However, scrapped loose fill packaging peanuts/chips being dumped remains a critical challenge for manufacturers as well as consumers across the globe. Growing consumption of loose fill packaging has have generated environment concerns as these become useless once the packaged product is unboxed. Continuous dumping of such loose fill packaging is forcing the regulatory bodies to induce harsh recycling protocols for the market players.
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Global Loose Fill Packaging Market: Segmentation
The global loose fill packaging market is segmented as follows
On the basis of product type, the global loose fill packaging market is segmented into:
Loose fill Peanuts
Loose fill Chips
On the basis of material type, the global loose fill packaging market is segmented into:
GMO-free Starch
Expanded Polystyrene (EPS)
On the basis of its application, the global loose fill packaging market is segmented into:
Handicraft supplies
Household goods
Electronic appliances
Books, stationery, office supplies
Pharmaceutical products
Automotive spare parts
Global Loose Fill Packaging Market: Regional Overview
Geographically, the global loose fill packaging market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA).
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