Protective Packaging Market Offering High-growth Opportunities for Market Players

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.

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.

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.

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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.

Top Players of Protective Packaging Market:

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.

Market Segmentation of Protective Packaging Market:

The Global Protective Packaging Market segmented on the basis of Type, Material, Function, End Use, and Region.

By Types:

    Flexible
    Foam
    Rigid

By Material:

    Paper & Paperboard
    Plastic Foams
    Plastic

By Function:

    Void Fill
    Wrapping
    Insulation
    Blocking & Bracing
    Cushioning

By End-Use:

    Food & Beverage
    Industrial Goods
    Consumer Electronics
    Household Appliances
    Healthcare
    Automotive

Inquire about Protective Packaging Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2180

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