Global Protective Packaging Market to Reach $63.8 Billion by 2030
The global market for Protective Packaging estimated at US$42.5 Billion in the year 2023, is expected to reach US$63.8 Billion by 2030, growing at a CAGR of 6% over the analysis period 2023-2030. Flexible Packaging, one of the segments analyzed in the report, is expected to record a 6.3% CAGR and reach US$43.1 Billion by the end of the analysis period. Growth in the Foam Packaging segment is estimated at 5.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $11.1 Billion, While China is Forecast to Grow at 9.4% CAGR
The Protective Packaging market in the U.S. is estimated at US$11.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$15.2 Billion by the year 2030 trailing a CAGR of 9.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 4.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$9.2 Billion by the year 2030.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook