Protective Packaging Market - Global Industry Analysis

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Protective packaging is designed and constructed to safeguard the goods from atmospheric, electrostatic, magnetic, vibration, or any other kind of damage. The protective packaging consists of packaging materials, storage containers, spacers, liners, and others. Protective packaging safeguards the industrial & machinery products, and other items from getting damaged. The protective factors may include electrical insulation, thermal insulation, fireproofing, vapor protection, vibration dampening, weather resistance, and others. Most of the vendors in the food & beverages, textiles, automotive, pharmaceuticals, and electronics industries use such packaging to transport goods to a destination in the safe condition.

The booming e-commerce market is the major factor increasing the demand for the protective packaging market. Moreover, the rising trend of the online shopping is also considered to be the strong factor for boosting the e-commerce market which positively tends to influence the market growth. In addition to this, the increase in investments in R&D activities is anticipated to drive the market growth owing to the increase in the use of recyclable materials. Furthermore, rising adoption of protective packaging in the electronics and food & beverages sectors in order to provide protection during transportation will considerably drive the global protective packaging market growth during the forecast period. Nonetheless, increase in the cost of raw materials is estimated to obstruct the market growth during the forecast timeline. 

On the basis of material, the protective packaging market is categorized into paper & paperboard, foam plastics, plastics, and others. Based on the type, the market is fragmented into flexible, rigid, and foam. Furthermore, the rigid segment is bifurcated into corrugated paperboard protectors and molded pulp. The flexible segment within the type is classified into protective mailers, air pillows, and paper fills. Foam can be in the form of molded foam, loose fill, foam rolls, and others. Moreover, on the basis of application, the protective packaging market is segmented into food & beverages, consumer usable, electronics, personal care, medicines, and others.

Regionally, Asia Pacific is the dominating market and is estimated to continue its dominance during the forecast period. The growth in this region is attributed to the rising demands for protective packaging in the emerging countries such as India and China also coupled with the growing industries such as the electronics and food & beverage. Moreover, the urban population shifting its preference to healthy and safe packaged foods is driving the market growth in this region. North America is estimated to hold the largest market share followed by the Asia Pacific during the forecast timeframe. Europe is projected to grow at a comparatively faster rate, leading to overall market growth in this region.

Some of the key players operating in the global protective packaging market are Unisource Worldwide, ACH Foam Technologies LLC, Protective Packaging Solutions, Sealed Air, IVEX Protective Packaging, Packaging Corporation of America, Macfarlane Group, and Automated Packaging Systems Incorporated. Other key players in the global market include the Cascades, Sonoco Products, Spring pack, Max Packaging, Smurfit Kappa Group, Universal Protective Packaging, FP International, Geami, EPS and EPE, Ecovative Design LLC, Cellofoam North America Incorporated, BASF SE, and Bayer AG.