Protective Packaging Market orecast Report | Worth , Statistics, Revenue, Demand and Trend Analysis Research Report by 2026

Rapid Growth of the e-commerce industry is the major factor in influencing market growth.

Market Size – USD 27.80 billion in 2018, Market Growth - CAGR of 4.8%, Market Trends – Growth of the manufacturing sector

The global Protective Packaging Market is expected to reach USD 40.72 Billion by 2026, according to a new report by Reports and Data. Protective packaging products are intended to protect the finished goods from atmospheric, electrostatic, magnetic, vibration, or shock damage. Rising demand for product protection, widespread deployment of flexible packaging over conventional packaging, and increasing inclination towards prolonging the shelf-life of the product are expected to fuel the market demand in the upcoming years.

Technological advancements in packaging play an instrumental role in stimulating market demand. The growth of the market is owing to increasing demand from the food & beverage, industrial goods, and pharmaceutical industries coupled with growing preference for convenient packaging.

Players in the market are putting great emphasis on research & development activities to develop sustainable and eco-friendly packaging materials, which may be reused and recycled. Increasing growth of the e-commerce sector and acceptance of protective materials along with sustainable packaging are anticipated to drive the growth of the market in the forecast period. Many companies are making substantial investments in the development of protective packaging products and are developing products barrier resistance properties that provide resistance to heat and moisture and eliminates oxidation of foods. Additionally, increased consumer spending owing to an increase in the level of disposable income is likely to have a positive impact on market growth.

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The report offers in depth insight about prominent players in the market, their market position, global and financial standing, license agreement, brand promotions and product portfolio. The global Protective Packaging market is highly competitive and consist of various key players at global and regional levels. These players are adopting various strategies like joint ventures, collaborations, partnerships, and new product launches to strengthen their market position.

Leading companies operating in the market and profiled in the report include:

·         Sealed Air Corporation,

·         Sonoco Products Company,

·         DOW,

·         Smurfit Kappa Group,

·         DS Smith PLC,

·         Pregis Corporation,

·         Pro-Pac Packaging Limited,

·         Huhtamaki OYJ,

·         Westrock, and Ranpack,

·         among others.

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Protective Packaging Market Segmentation:

Type Outlook:

·         Rigid

·         Flexible

·         Foam

Application Outlook:

·         Cushioning

·         Blocking & Bracing

·         Insulation

·         Wrapping

·         Void-Fill

·         Others

The Protective Packaging market is segmented into five major regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.

Regional Outlook:

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   Germany

o   UK

o   Italy

o   France

o   BENELUX

o   Rest of Europe

·         Asia Pacific

o   China

o   India

o   Japan

o   South Korea

o   Rest of APAC

·         Latin America

o   Brazil

o   Rest of LATAM

·         Middle East & Africa

o   Saudi Arabia

o   UAE

o   South Africa

o   Rest of MEA

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