[Latest] Global Protective Packaging Market Size/Share

Austin, TX, USA, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Protective Packaging Market Size, Trends and Insights By Material Type (Paper, Plastic, Others), By Packaging Type (Foam Protective Packaging, Flexible Protective Packaging, Rigid Protective Packaging), By Function Type (Wrapping, Void Fill, Insulation, Cushioning, Blocking & Bracing), By End Use Industry (Food and Beverage, Industrial, Pharmaceuticals, Consumer Electronics, Beauty and Home Care, Other End-user Verticals), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand of global Protective Packaging Market size & share was valued at approximately USD 33.4 Billion in 2022 and is expected to reach USD 35.4 Billion in 2023 and is expected to reach a value of around USD 53.4 Billion by 2032, at a compound annual growth rate (CAGR) of about 4.80% during the forecast period 2023 to 2032.”

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Protective Packaging Market: Overview

Protective Packaging products are manufactured and designed to protect the goods from atmospheric, magnetic, electrostatic, vibration or shock damage. Products include types of boxes or storage containers, packing materials, liners, and spacers. Protective packaging products are used to protect packaging from one or more types of damage.

Growing demand for Protective Packaging in various end use industries is expected to boost the market growth during the forecast period. The rapidly expanding food & beverage industry across the globe is a major driver for the market.

For instance, according to the India Brand Equity Foundation, India F&B generates 3% of the GDP, it accounts for around two-thirds of India’s overall retail market. By 2027, the F&B market size is anticipated to reach almost USD 504.92 billion, which in turn is expected to propel the demand for protective packaging during the forecast period.

However, fluctuating raw material prices, less adaptation of Protective Packaging in underdeveloped countries, and lack of universal directives about the usage of Protective Packaging are restraining the market growth during the forecast period.

Growing production and utilization of consumer electronic products in many emerging economies such as China, India, Japan, South Africa, GCC, and Brazil among others is expected to create lucrative opportunities for the market during the forecast period.

Global Protective packaging market is segmented by material type, packaging type, end use industry and region. By material type, plastic material held the highest market share in 2022 owing to easy availability and low cost of plastic based materials. The paper material segment second largest market share and is expected to grow at the highest CAGR during the forecast period owing to increasing demand for sustainable packaging solutions.

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By end use industry, the food and beverage end use industry dominated the market owing to increasing demand for hygienic and clean food & beverages across the globe. Rising penetration of the E-commerce industry across the globe creates demand for protective packaging solutions for the safety and protection of products, which in turn boosts the demand for protective packaging.

Asia-Pacific dominated the global protective plastics market due to thriving economies, growing industrial base, population growth, and increasing disposable income propelling the growth of many end use industries, thereby market growth. The major countries and sub regions such as India, Japan, China, ASEAN and South Korea are boosting the consumption of protective packaging in this region, thereby market growth.

North America held the second largest market share in the global protective packaging market followed by Europe. Stringent regulations about packaging in the U.S. and Canada are driving the market growth of the North America protective packaging market.

Custom Market Insights has comprehensively analyzed Protective Packaging market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Protective Packaging industry.

The competitive landscape includes key innovators, after market service providers, market giants as well and niche players which were studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, the Report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships, and emerging business models.

(A free sample of the Protective Packaging report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Protective Packaging report has been modified to include the COVID-19 impact study prior to delivery.)

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Report Scope

Feature of the Report	Details
Market Size in 2023	USD 35.4 Billion
Projected Market Size in 2032	USD 53.4 Billion
Market Size in 2022	USD 33.4 Billion
CAGR Growth Rate	4.80% CAGR
Base Year	2022
Forecast Period	2023-2032
Key Segment	By Material Type, Packaging Type, Function Type, End Use Industry and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

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Key questions answered in this report:

What is the size of the Protective Packaging market and what is its expected growth rate?
What are the primary driving factors that push the Protective Packaging market forward?
What are the Protective Packaging Industry's top companies?
What are the different categories that the Protective Packaging Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Protective Packaging market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2023−2032
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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List of the prominent players in the Protective Packaging Market:

ACH Foam Technologies Inc
Advanced Protective Packaging Ltd.
BASF SE
Cascades Inc.
DS Smith Plc
EcoEnclose
Huhtamaki OYJ
International Paper Company
Intertape Polymer Group (IPG)
Packaging Corporation of America
Point Five Packaging
Pregis Corporation
Pregis LLC
Pro-Pac Packaging Limited
Ranpak Corp
Sealed Air Corporation
Smurfit Kappa Group Plc.
Sonoco Products Company
Storopack Hans Reichenecker Gmbh
Universal Protective Packaging Inc.
WestRock Company
Others

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Browse the full “Protective Packaging Market Size, Trends and Insights By Material Type (Paper, Plastic, Others), By Packaging Type (Foam Protective Packaging, Flexible Protective Packaging, Rigid Protective Packaging), By Function Type (Wrapping, Void Fill, Insulation, Cushioning, Blocking & Bracing), By End Use Industry (Food and Beverage, Industrial, Pharmaceuticals, Consumer Electronics, Beauty and Home Care, Other End-user Verticals), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” Report at https://www.custommarketinsights.com/report/global-protective-packaging-market/

Protective Packaging Market Regional Insight

By Region Asia Pacific, held dominated the market with a market share of 43.00% in 2022 and is expected to keep its dominance during the forecast period. The Asia Pacific protective packaging market is driven by due to various factors such as robust industrialization and economic growth in countries and sub regions such as China, India, South Korea, and ASEAN are increasing the demand for protective plastic materials in various sectors such as manufacturing, construction, and packaging.

Furthermore, the Asia Pacific region benefits from a large consumer base, which has led to the increased use of protective packaging in various goods.

An increasing awareness of environmental concerns has increased the demand for sustainable and eco-friendly packaging solutions, which in turn drives the adoption of recyclable and biodegradable protective packaging properties in the Asia-Pacific region.

North America held the second largest market share in the global protective packaging market due to stringent regulations and government initiatives to promote the use of protective packaging for the safety and hygiene of food & beverages, pharmaceutical products and others.

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Global Protective Packaging Market Segmentation–

By Material Type

Paper
Plastic
Others

By Packaging Type

Foam Protective Packaging
Flexible Protective Packaging
Rigid Protective Packaging

By Function Type

Wrapping
Void Fill
Insulation
Cushioning
Blocking & Bracing

By End Use Industry

Food and Beverage
Industrial
Pharmaceuticals
Consumer Electronics
Beauty and Home Care
Other End-user Verticals

Click Here to Get a Free Sample Report of the Global Protective Packaging Market @ https://www.custommarketinsights.com/report/global-protective-packaging-market/

Regional Coverage:

North America

U.S.
Canada
Mexico
Rest of North America

Europe

Germany
France
U.K.
Russia
Italy
Spain
Netherlands
Rest of Europe

Asia Pacific

China
Japan
India
New Zealand
Australia
South Korea
Taiwan
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This Protective Packaging Market Research/Analysis Report Contains Answers to the following Questions.

Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Protective Packaging Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Protective Packaging Market? What Was the Capacity, Production Value, Cost and PROFIT of the Protective Packaging Market?
What Is the Current Market Status of the Protective Packaging Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Protective Packaging Market by Considering Applications and Types?
What Are Projections of the Global Protective Packaging Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Protective Packaging Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Protective Packaging Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Protective Packaging Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Protective Packaging Industry?

Click Here to Access a Free Sample Report of the Global Protective Packaging Market @ https://www.custommarketinsights.com/report/global-protective-packaging-market/

Reasons to Purchase Protective Packaging Market Report

Protective Packaging Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Protective Packaging Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Protective Packaging Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Protective Packaging Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Protective Packaging market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

Buy this Premium Protective Packaging Research Report | Fast Delivery Available - [220+ Pages] @ https://www.custommarketinsights.com/report/global-protective-packaging-market/

What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Protective Packaging market analysis.

The competitive environment of current and potential participants in the Protective Packaging market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Protective Packaging market should find this report useful. The research will be useful to all market participants in the Protective Packaging industry.
Managers in the Protective Packaging sector are interested in publishing up-to-date and projected data about the worldwide Protective Packaging market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Protective Packaging products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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