San Francisco, 11
September 2018: The global protective packaging market is expected to reach USD 44.6 billion by 2025,
growing at a CAGR of 5.6%, according to a new report by Grand View Research,
Inc. Increasing demand from various end-use industries has been a key factor
driving market growth globally. In addition, continuous technological
innovations and increasing consumer spending across the world are also fueling
packaging demand.
Flexible packaging
segment held the largest market share in 2016 owing to increasing preference
for online shopping among consumers. Online retail channels widely use a wide
range of flexible packaging products such as flexible foam, paper fills, air
pillows, bubble wraps, and dunnage bags for filling empty spaces, wrapping, and
blocking & bracing. Stringent regulations pertaining to the degradability
of packaging materials are anticipated to restrain market growth over the
forecast period.
Factors such as ensuring
positive customer experience and meeting their requirements are extremely
important for companies. The packaging of a product is likely to be the first
tangible interaction with a customer. E-commerce companies are required to meet
numerous packaging standards such as protective packaging design,
sustainability, operational throughput, material cost reduction, and supply
chain cost reduction. This, in turn, is anticipated to help companies in
improving their bottom line and retain long-term customers.
Key market players are
investing heavily in R&D activities to develop sustainable and
environment-friendly packaging materials that can be reused and recycled.
Growing popularity of online shopping and increasing adoption of protective
materials for packaging are anticipated to have a positive impact on protective
packaging market over the forecast period. Increased demand spurs investment
for protective packaging, especially in e-commerce applications. Numerous
packaging companies are striving to achieve the preferred vendor status among
customers.
Access Research Report
of Protective Packaging
Market @ www.grandviewresearch.com/industry-analysis/protective-packaging-market
Further key findings from the report suggest:
· The global protective packaging demand was
valued at USD 27.42 billion in 2016 and is expected denote a CAGR of 5.6% from
2017 to 2025. Food & beverage emerged as the largest end-use segment in
2016 and is expected to register a predicted CAGR of 6.0% between 2017 and 2025.
· The global rigid protective packaging
segment was valued at USD 3.92 billion in 2016 and is anticipated to witness
significant growth over the next eight years. Healthcare segment in Mexico
market was USD 59.0 million in 2016 and is projected to grow at a rate of 4.4%
from 2017 to 2025.
· Asia Pacific market is projected to
experience substantial growth over the next eight years owing to rising demand
from various end-use industries, especially from consumer electronics and
healthcare markets. In terms of revenue, APAC is expected to register a CAGR of
7.0% between 2017 and 2025.
· Key players including Smurfit KAPPA Group;
Westrock Company; Sealed Air Corporation; Sonoco Products Company; Huhtamaki
OYJ; DS Smith PLC; and Pregis LLC dominated the global market
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has
segmented the global protective packaging market on the basis of type,
material, function, end use, and region:
Type Outlook (Volume, Million Tons; Revenue, USD Million;
2014 - 2025)
·
Flexible
·
Foam
·
Rigid
Material Outlook (Volume, Million Tons; Revenue, USD
Million; 2014 - 2025)
·
Paper & Paperboard
·
Plastic Foams
·
Plastic
·
Others
Function Outlook (Volume, Million Tons; Revenue, USD
Million; 2014 - 2025)
·
Void Fill
·
Wrapping
·
Insulation
·
Blocking & Bracing
·
Cushioning
End-use Outlook (Volume, Million Tons; Revenue, USD
Million; 2014 - 2025)
·
Food & Beverage
·
Industrial Goods
·
Consumer Electronics
·
Household Appliances
·
Healthcare
·
Automotive
·
Others
Regional Outlook (Revenue, USD Million; 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
UK
o
France
o
Russia
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
o
Brazil
·
Middle East & Africa
Access Press Release of
Protective Packaging Market@ www.grandviewresearch.com/press-release/global-protective-packaging-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
