Authored By: Sarah
16 Jul 2024

 Protective Packaging Market Size to grow by USD 6950.24 million between 2023-2027

According to a research report “ Protective Packaging Market” by End-user (Food and beverages, Industrial goods, Consumer electronics, Household appliances, Healthcare and others ) Type (Flexible, Rigid, Foam ) Geography (APAC, North America, Europe, Middle East and Africa, South America)- Global Forecast to 2027 published by Technavio, the market size is estimated to grow by USD 6950.24 million, at a CAGR of 4.02% during the forecast period. The e-commerce industry is experiencing significant expansion in countries such as the US, China, India, and the UK, driven by factors including a tech-savvy population, increasing Internet penetration, and the widespread use of smartphones. This growth is boosting the demand for protective packaging as cross-border e-commerce sales increase. Consumers now have multiple payment options, including credit and debit cards, Internet banking, electronic wallets, and cash-on-delivery, leading to a notable shift from traditional brick-and-mortar shopping to online purchases. This trend is fueling the growth of the protective packaging market..

Browse market data tables, figures, and in-depth TOC on “Protective Packaging Market” by End-user (Food and beverages, Industrial goods, Consumer electronics, Household appliances, Healthcare and others ) Type (Flexible, Rigid, Foam ) Geography (APAC, North America, Europe, Middle East and Africa, South America) Global Forecast to 2027. Download Free Sample

 

By End-user, the Food and beverages segment is projected to dominate the market size in 2024

In the business world, flexible packaging has emerged as a preferred choice for various industries, including food and beverage, healthcare, and personal care. This type of packaging, which is non-rigid, lightweight, and malleable, offers numerous advantages over traditional rigid packaging. Flexible packaging provides protective barriers that prevent air, moisture, and other contaminants from entering, thereby extending the shelf life of the products. Additionally, its high tensile strength and ability to conform to different shapes make it an ideal solution for various applications. The flexibility, durability, and barrier properties of flexible packaging have led to a significant shift from rigid packaging among end-users, driven by the need to enhance product protection and shelf life.

By Type, Flexible  segment is expected to hold the largest market size for the year 2024

The protective packaging market is anticipated to experience significant growth in the food and beverages segment during the forecast period. The expansion of the packaged food industry, driven by factors such as increased agricultural production, advancements in food processing technology, and evolving consumer food consumption patterns in countries like China, India, and the US, is fueling the demand for protective packaging solutions. As food and beverage production increases and exports grow, there is a pressing need for high-quality protective packaging to ensure the secure and hygienic transportation of these products to their destinations.

APAC is forecasted to hold the largest market size by region in 2024

The protective packaging market in Asia Pacific (APAC) is experiencing significant growth, driven by expanding end-user industries, particularly e-commerce, Fast-Moving Consumer Goods (FMCG), and personal care sectors. Major contributors to this growth include developing economies, such as China and India, where the e-commerce industry is rapidly expanding. Notable players, including Alibaba Group Holdings Ltd. and Amazon, are driving market growth in this region. The retail sector in APAC is also witnessing robust expansion, fueled by consumer demand for convenient shopping experiences and the increasing popularity of online retailers.

The Protective Packaging Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Berry Global Inc.
  • Cascades Inc.
  • Crown Holdings Inc.
  • Dow Chemical Co.
  • DS Smith Plc
  • EcoEnclose
  • Hanchett Paper Co.
  • International Paper Co.
  • Intertape Polymer Group Inc.
  • Mondi Plc
  • Nefab AB
  • Pregis LLC
  • Ranpak Holdings Corp.
  • Sealed Air Corp.
  • Smurfit Kappa Group
  • Sonoco Products Co.
  • STOROPACK HANS REICHENECKER GMBH
  • Universal Protective Packaging Inc.
  • WestRock Co.
  • Winpak Ltd.
.

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Research Analysis Overview

The Protective Packaging Market has gained significant traction in various industries, including home appliances, electrical equipment, wind turbine parts, solar panels, and the energy sector. Disruptive supply chains and increasing carbon footprints have led companies to prioritize protective sustainable packaging solutions. Sealed Air, Molded foam inserts, inflatable air cushions, and other protective packaging solutions have become essential for transporting delicate parts of home appliances, electrical equipment, and automotive components. The logistics and transportation sectors have seen a surge in demand for protective packaging, particularly for items such as keyboards, ready-to-eat meals, frozen foods, and convenience-oriented items. Corrugated boxes, cushioning, and foam plastics are popular choices for product handling and warehousing. In the energy sector, wind turbine parts and solar panels require specialized protective packaging to ensure safe transportation. E-commerce platforms have also fueled the growth of the protective packaging market, as online shopping has become increasingly popular. Protective packaging solutions are crucial for ensuring the safe delivery of items, particularly for fragile or delicate parts. Vehicles and automotive components also require protective packaging during transportation to prevent damage. Overall, the protective packaging market is expected to continue growing as companies prioritize product safety, sustainability, and efficient logistics.

Market Research Overview

The protective packaging market encompasses a wide range of products and solutions used to safeguard various industries' goods during manufacturing, logistics, and transportation. This market caters to sectors such as the manufacturing industry, eCommerce, and logistics industries, with a focus on providing eco-conscious consumers with recyclable void-fill solutions and biodegradable materials. Key industries include electronics appliances, home appliances, consumer electronics, pharmaceutical and healthcare, and the energy sector. Protective packaging plays a crucial role in shock absorption, preventing physical damage, spoilage, and contamination for items like vaccines, drugs, medications, and sensitive electronic goods. The market offers various types of protective packaging, including paper-based solutions, void-fill materials, and rigid and flexible types made from materials like wood, glass, metals, and plastics. With increasing awareness of carbon footprints and sustainability, there is a growing demand for eco-friendly materials, recyclability, and compostable packaging. Small-scale businesses and industrial goods sectors also benefit from protective packaging solutions, ensuring product safety during transit and warehousing. The market includes various protective packaging segments, such as void fill, wrapping, and rigid protective packaging, catering to various industries' specific needs. The pallet wrap market, including stretch and shrink wrap, is a significant component of the protective packaging industry, ensuring pallets' structural integrity during transportation. The market also offers tailored packaging solutions for industries facing disruptive supply chains, such as the energy sector, which requires protective packaging for wind turbine parts, solar panels, and electrical equipment. Recyclable and biodegradable materials, such as recycled paper and biodegradable plastics, are increasingly being adopted to reduce waste and minimize the carbon footprint. Tightening regulations and the shift towards sustainable packaging options are driving innovation in protective packaging, with companies like Point Five Packaging and Sealed Air leading the way in providing protective sustainable packaging solutions. In conclusion, the protective packaging market plays a vital role in ensuring product safety, quality, and sustainability across various industries, from electronics to healthcare, logistics, and transportation. With increasing consumer awareness and regulatory pressure, the market is evolving to provide eco-friendly, recyclable, and biodegradable solutions that cater to the interconnectedness and globalization of today's economy.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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