Protective Packaging Market

Protective Packaging Market

Growth Factors of Protective Packaging Market

The global protective packaging market size was valued at USD 36.31 billion in 2022 and is projected to grow from USD 38.52 billion in 2023 to USD 61.44 billion by 2030, exhibiting a CAGR of 6.90% during the forecast period of 2024-2032.

The pandemic boosted the call for the Protective Packaging Market because of elevated e-trade and healthcare desires, at the same time, delivery chain disruptions and fabric shortages offered challenges, impeding the protective packaging market growth.

The Protective Packaging Market is pushed through the fast growth of e-trade, the growing call for durable and safe packaging solutions, increasing focus on sustainability, and the desire to guard products in industries like electronics, prescription drugs, and food & beverage.

E-commerce packaging is critical in shielding products during shipment and ensuring client satisfaction. To withstand and cope with the pains of transportation, superior safety is essential. Additionally, brands are increasingly specializing in developing pleasant unboxing stories that tremendously impact clients and encourage them to proportion their reviews on social media, expanding the protective packaging market share globally. This interest in element no longer most effectively protects merchandise; however, it contributes to logo loyalty and consumer delight inside the competitive e-commerce panorama.

Comprehensive Analysis of Protective Packaging Market

The Protective Packaging Market is segmented by material, product, characteristic type, and stop-use industry. The plastic phase leads the material category due to its clean availability, lightweight nature, thermal solid insulation, and surprise-soaking up houses. Regarding product kind, the flexible section dominates, is valued for its cushioning and sustainability, and frequently uses recycled materials. Wrapping is the most significant function type, supplying flexible safety for various product sizes with lightweight and cushioning benefits. Lastly, the meals & beverage industry holds the most critical market percentage in giving up use, as protecting packaging preserves the first-class and freshness of merchandise at some stage in transportation.

The Asia Pacific region led the protective packaging market by benefitting a size of USD 11.48 billion in 2022 due to the substantial populace in international locations like China and India, the e-commerce zone is experiencing fast growth.

The leading players in the protective packaging market significantly shape its growth trajectory and set industry benchmarks. These key players, including Smurfit Kappa (Ireland), Westrock Company (U.S.), Sealed Air Corporation (U.S.), Sonoco Products Company (U.S.), Huhtamaki (Finland), DS Smith PLC (U.K.), Pregis LLC (U.S.), Pro-Pac Packaging Limited (Australia), Storopack (Germany), and Intertape Polymer Group (U.S.), contribute to a competitive landscape, driving innovation and advancing the market with sustainable and efficient packaging solutions.

In August 2023, Ranpack delivered the Wrap’n Go converter for protecting honeycomb paper to the North American market. This Geami Wrap’n Go converter transforms kraft paper into a shielding, in-save packaging solution for fragile goods, presenting an eco-friendly opportunity to conventional plastic packaging.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 6.90% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Material

Plastic

Paper & Paperboard

By Product Type

Rigid

Flexible

Foam

By Function Type

Wrapping

Void Fill

Insulation

Cushioning

Blocking & Bracing

By End-use Industry

Food & Beverage

E-commerce

Pharmaceutical

Automotive

Consumer Electronic

Personal Care & Cosmetic

Others

By Region

North America (By Material, Product Type, Function Type, Application, and Country)

• U.S. (By End-use Industry)
• Canada (By End-use Industry)

Europe (By Material, Product Type, Function Type, End-use Industry, and Country)

• Germany (By End-use Industry)
• France (By End-use Industry)
• U.K. (By End-use Industry)
• Italy (By End-use Industry)
• Spain (By End-use Industry)
• Russia (By End-use Industry)
• Poland (By End-use Industry)
• Romania (By End-use Industry)
• Rest of Europe (By End-use Industry)

Asia Pacific (By Material, Product Type, Function Type, End-use Industry, and Country)

• China (By End-use Industry)
• India (By End-use Industry)
• Japan(By End-use Industry)
• Australia (By End-use Industry)
• South Korea (By End-use Industry)
• Southeast Asia (By End-use Industry)
• Rest of the Asia Pacific (By End-use Industry)

Latin America (By Material, Product Type, Function Type, End-use Industry and Country)

• Brazil (By End-use Industry)
• Mexico (By End-use Industry)
• Argentina (By End-use Industry)
• Rest of Latin America (By End-use Industry)

Middle East & Africa (By Material, Product Type, Function Type, End-use Industry and Country)

• Saudi Arabia (By End-use Industry)
• UAE (By End-use Industry)
• Oman (By End-use Industry)
• South Africa (By End-use Industry)
• Rest of the Middle East & Africa (By Material)


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