Protective Packaging Market - Forecast(2021 - 2026)
Protective packaging products are created to safeguard the goods from damages; it can be atmospheric, magnetic, electrostatic, shock and so on. Products comprises of diverse varieties of box or storage containers, space fillers, liners, and spacers. These products are planned to secure packaging from damages. Protection aspects consist of electrical and thermal insulation, fire security, moist protection, shock or vibration diminishing, UV or weather resistance.
Different protective packages are used by different trades such as food & beverages, agriculture, pharmaceuticals, automotive, construction, computers & electronics, textiles and others are some of the end-user industries. Corrugated, solid fiber board, molded pulp, fabricated foam, molded EPS, thermo foam blisters, nonwoven fibres and others are the types of protective packaging market. The report also focuses on different geographic regions and the key countries in terms of changing trends in using protective packaging in various fields.
There are different materials such as foam, paper, paper board, plastics and others that are being used to achieve this objective; Plastic material is one important evolution in this field. The end user industry is the major driver for the protective packaging market to nurture. The protective packaging market has been segmented into different segments such as types, materials, applications, end user industry and geography entirely. Each type varies greatly and the composition is different with different technical specifications. Protective packaging are being used in different applications such as cushion, void-fill, blocking and bracing, surface protection, containment and others. The key user segments include agriculture, food & beverages, pharmaceuticals, automotive, construction, electronics, textiles and many more.
The global market for wet waste management was estimated to be $XX billion in 2015. The global market for protective packaging market estimated to grow at a CAGR of XX% and is forecast to reach $XX billion by 2021. Asia-pacific (APAC) and North America alone are estimated to occupy a share of more than XX% during 2016-2021.
Asia-pacific (APAC) is the leading market for protective packaging market with china leading the charge followed by North America and Europe. APAC region is forecasted to have highest growth in the next few years due to the increase in manufacturing activities, increase in the Internet penetration, and the increase in spending by end consumers for packaged products through e-retailing channels. APAC protective packaging market accounts to XX% of the global market for protective packaging market.
Sample Companies Profiled in this Report are:
Smurfit Kappa Group plc (Ireland)
RockTenn Company (U.S.)
Sealed Air Corporation (U.S.)
Sonoco Products Company (U.S.)
Huhtamaki OYJ (Finland)
10+.
E-commerce industry to drive the usage of protective packaging
E-commerce (electronic commerce or EC) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the Internet. These business transactions occur either business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business.
The key driver contributing to the growth of the global protective packaging market is its increasing usage in the E-commerce industry. The growing acceptance of the online shopping in both the developing and developed regions of the world is likely to propel the demand for global protective packing industry.
Moreover, acceleration in the global industrial output, along with upsurge in the consumer expenditure on packaged goods across the globe, and demographic drifts such as increase in the number of urban population are further going to drive the market for protective packaging. The opportunities that can be further explored in the global protective packaging market is innovation in technology to develop packaging materials that are sustainable and can be reused and recycled. The availability and high cost of the raw materials is a major restrain in the global protective packaging market.
Therefore, with the extreme usage of E-commerce industry the growth of protective package market is possible.
Different protective packages are used by different trades such as food & beverages, agriculture, pharmaceuticals, automotive, construction, computers & electronics, textiles and others are some of the end-user industries. Corrugated, solid fiber board, molded pulp, fabricated foam, molded EPS, thermo foam blisters, nonwoven fibres and others are the types of protective packaging market. The report also focuses on different geographic regions and the key countries in terms of changing trends in using protective packaging in various fields.
There are different materials such as foam, paper, paper board, plastics and others that are being used to achieve this objective; Plastic material is one important evolution in this field. The end user industry is the major driver for the protective packaging market to nurture. The protective packaging market has been segmented into different segments such as types, materials, applications, end user industry and geography entirely. Each type varies greatly and the composition is different with different technical specifications. Protective packaging are being used in different applications such as cushion, void-fill, blocking and bracing, surface protection, containment and others. The key user segments include agriculture, food & beverages, pharmaceuticals, automotive, construction, electronics, textiles and many more.
The global market for wet waste management was estimated to be $XX billion in 2015. The global market for protective packaging market estimated to grow at a CAGR of XX% and is forecast to reach $XX billion by 2021. Asia-pacific (APAC) and North America alone are estimated to occupy a share of more than XX% during 2016-2021.
Asia-pacific (APAC) is the leading market for protective packaging market with china leading the charge followed by North America and Europe. APAC region is forecasted to have highest growth in the next few years due to the increase in manufacturing activities, increase in the Internet penetration, and the increase in spending by end consumers for packaged products through e-retailing channels. APAC protective packaging market accounts to XX% of the global market for protective packaging market.
Sample Companies Profiled in this Report are:
Smurfit Kappa Group plc (Ireland)
RockTenn Company (U.S.)
Sealed Air Corporation (U.S.)
Sonoco Products Company (U.S.)
Huhtamaki OYJ (Finland)
10+.
E-commerce industry to drive the usage of protective packaging
E-commerce (electronic commerce or EC) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the Internet. These business transactions occur either business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business.
The key driver contributing to the growth of the global protective packaging market is its increasing usage in the E-commerce industry. The growing acceptance of the online shopping in both the developing and developed regions of the world is likely to propel the demand for global protective packing industry.
Moreover, acceleration in the global industrial output, along with upsurge in the consumer expenditure on packaged goods across the globe, and demographic drifts such as increase in the number of urban population are further going to drive the market for protective packaging. The opportunities that can be further explored in the global protective packaging market is innovation in technology to develop packaging materials that are sustainable and can be reused and recycled. The availability and high cost of the raw materials is a major restrain in the global protective packaging market.
Therefore, with the extreme usage of E-commerce industry the growth of protective package market is possible.
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