Protective Packaging Market

Protective packaging is any material designed to physically shield and buffer an object against possible damage or destruction during transportation or storage. Typically, protective packaging is utilized as the primary element of the object's packaging, protecting the object from moisture, light, abrasion, or breakage. Protective packaging can also be used as a secondary component of the packaging, serving as an additional barrier to prevent damage or destruction of the packaging itself.

Market Dynamics

Rapid urbanization and industrialization are expected to drive the growth of the protective packaging market. Advancement in technology is also projected to foster the market growth. For instance, in July 2021, Smurfit Kappa acquired Cartonbox, a folding carton company located in Monterrey in North-East of Mexico. This will help the company to strengthen its paper packaging business in Mexico and expand its market in other countries. 

The growing inclination of manufacturers towards bioplastic materials for protective packaging is projected to bring new market opportunities in the near future. For instance, in May 2019, Eastman, a manufacturer of chemicals, fibers and plastic products showcased sustainable packaging innovations at LUXE PACK New York, Eastman Triva engineering bioplastic and Cristal EV600 copolyester. They can serve as a direct replacement for Anti-lock Braking System and enables opportunities for down gauging in packaging applications. Moreover, they offer better performance and less environmental impact.

The expansion of the healthcare and pharmaceutical packaging industry is projected to offer significant market opportunities over the forecast period. Growing trading of pharmaceutical products coupled with a rise in the geriatric population around the globe is creating a need for healthcare products such as devices and drugs. The increasing adoption of advanced and reliable packaging solutions in the pharmaceutical industry is propelling the protective packaging market growth.

Key features of the study:

• This report provides an in-depth analysis of the global protective packaging market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global protective packaging market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Sonoco Products Company, Sealed Air Corporation, Packaging Corporation of America, ACH Foam Technologies, Inc., BASF SE, Cascades Inc., Pregis Corporation, Ranpak Corp., Storopack Hans Reichenecker GmbH, and Advanced Protective Packaging Ltd
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
• The global protective packaging market report caters to various stakeholders in this industry including investors, suppliers, protective packaging manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global protective packaging market

Detailed Segmentation:

• Global Protective Packaging Market, By Product Type:
  • Foamed Plastic
  • Paper
  • Plastic
• Global Protective Packaging Market, By Material Type:
  • Foam Protective Packaging
  • Flexible Protective Packaging
  • Rigid Protective Packaging
• Global Protective Packaging Market, By Function Type:
  • Wrapping
  • Void Fill
  • Insulation
  • Cushioning
  • Blocking & Bracing
• Global Protective Packaging Market, By Region:
  • North America
    • By Country:
      • U.S
      • Canada
  • Latin America
    • By Country:
      • Brazil
      • Argentina
      • Mexico
      • Rest of Latin America
  • Europe
    • By Country:
      • France
      • Germany
      • Italy
      • Spain
      • U.K.
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • China
      • India
      • Japan
      • ASEAN
      • Australia
      • South Korea
      • Rest of Asia Pacific
  • Middle East & Africa
    • By Country:
      • Middle East
      • Africa
• Company Profiles
  • Sonoco Products Company*
    • Company Overview
    • Product Portfolio
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Sealed Air Corporation
  • Packaging Corporation of America
  • Packaging Corporation of America
  • BASF SE
  • Cascades Inc.
  • Pregis Corporation
  • Ranpak Corp
  • Storopack Hans Reichenecker GmbH
  • Advanced Protective Packaging Ltd

 “*” marked represents similar segmentation in other categories in the respective section.