Global Protective Packaging Market

Global Protective Packaging Market by Types (Plastic, Paper, and Paperboard), Applications (Food & Beverage, Industrial, Pharmaceutical, Consumer Electronics, Beauty & Home Care), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

  • Report ID: MC-2345
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 3
  • No. Of Pages: 200
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The global protective packaging market size was valued at USD 30.56 million in 2020 and is projected to reach USD 41.65 million by 2028 at a CAGR of 5.4% during the forecast period 2021-2028. Growth of the market is attributed to the increasing sales related to online shopping.

Global Protective Packaging Market

Protective packaging is made up of materials that are designed to shield and protect a product from injury or damage during shipment or storage. Depending on the end-use application of the product, protective packaging can be employed as either main or secondary packaging. A wrapping or container consisting of plastic, paper, wood, metal, or glass is referred to as packing or protective packaging. It is used to safeguard and increase the shelf life of items by temporarily storing them. Automotive, appliance, aerospace, electronics, food & beverage, and pharmaceuticals are just a few of the sectors that employ it.

The Covid-19 pandemic affected the demand and supply of global protective packaging market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing trend of sustainability is projected to boost the market in the coming years.
  • Rapid development in e-commerce industry is major factor fueling the market during forecast period.
  • High cost of protective packaging services is anticipated to hamper market growth.
  • Lack of awareness about protective packaging is projected to hamper the market growth in the coming years.
  • R&D investment and technological advancement in protective packaging is projected to create lucrative opportunities for the market players.

Scope of the Report

The report on the global protective packaging market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Protective Packaging Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2021

Historic Data

2019–2020

Forecast Period

2021–2028

Segmentation

Plastic, Paper and Paperboard

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Sealed Air Corporation, Pregis Corporation, WestRock, Ranpak, and Pro-Pac Packaging

Market Segment Insights:

The plastics segment accounts for major share of the market

Based on types, the global protective packaging market is segregated into plastic, paper, and paperboard. The plastics segment accounts for major share of the market. Growth of the market is attributed to increasing usages of protective packaging in cosmetic sector and wide range of discount price on protective packaging. The paperboard segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increasing expenditure on online shopping and rising demand for corrugated protective formats.

Global Protective Packaging Market

The food & beverage segment is anticipated to expand at a high CAGR

On the basis of applications, the protective packaging market is segregated into food & beverage, industrial, pharmaceutical, consumer electronics, beauty & home care. The food & beverage segment is expected to constitute a key share of the market during the forecast period. Several goods in the food and beverage business have a relatively limited shelf life, and delivering an item before it expires is the most prevalent issue in the industry. Packaging converters are increasingly being enlisted by brand owners to create secondary packaging solutions that are estimated to avoid shipping-related damage. Furthermore, packing airbags are now utilized for beverages in glass bottles (the most delicate goods). If any of the airbags in any of the chambers loses air, the balance stays inflated to ensure continuous protection. Airpack offers this service to a variety of e-commerce businesses. Molded pulp packing is a relatively new form of packaging composed primarily of recycled materials. It's primarily used for food and beverage packaging as a kind of protection.

Global Protective Packaging Market

The market in Europe is projected to hold a major market share

In terms of regions, the global protective packaging market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe is estimated to dominate the market. In Europe, the e-commerce industry has already established itself as a significant sales channel for a diverse portfolio of products ranging from food and beverages to consumer electronics and home & beauty care products. Furthermore, increasing online sales have aided the growth of the market for protective packaging solutions, as these solutions allow vendors to ensure the safe delivery of their online-sold products.

Global Protective Packaging Market

Segments

Segments Covered in the Report

The global protective packaging market is segmented on the basis of

Types

  • Plastic
  • Paper
  • Paperboard

End-users

  • Food and Beverage
  • Industrial
  • Pharmaceutical
  • Consumer Electronics
  • Beauty
  • Home Care

Regions              

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Sealed Air Corporation
  • Pregis Corporation
  • WestRock
  • Ranpak
  • Pro-Pac Packaging

Competitive Landscape

The major players in the protective packaging market include Sealed Air Corporation, Pregis Corporation, WestRock, Ranpak, and Pro-Pac Packaging.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Global Protective Packaging Market

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Protective Packaging Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Protective Packaging Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Protective Packaging Market - Supply Chain
  4.5. Global Protective Packaging Market Forecast
     4.5.1. Protective Packaging Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Protective Packaging Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Protective Packaging Market Absolute $ Opportunity
5. Global Protective Packaging Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Protective Packaging Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Protective Packaging Demand Share Forecast, 2019-2026
6. North America Protective Packaging Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Protective Packaging Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Protective Packaging Demand Share Forecast, 2019-2026
7. Latin America Protective Packaging Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Protective Packaging Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Protective Packaging Demand Share Forecast, 2019-2026
8. Europe Protective Packaging Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Protective Packaging Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Protective Packaging Demand Share Forecast, 2019-2026
9. Asia Pacific Protective Packaging Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Protective Packaging Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Protective Packaging Demand Share Forecast, 2019-2026
10. Middle East & Africa Protective Packaging Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Protective Packaging Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Protective Packaging Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Protective Packaging Market: Market Share Analysis
  11.2. Protective Packaging Distributors and Customers
  11.3. Protective Packaging Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Segments Covered in the Report

The global protective packaging market is segmented on the basis of

Types

  • Plastic
  • Paper
  • Paperboard

End-users

  • Food and Beverage
  • Industrial
  • Pharmaceutical
  • Consumer Electronics
  • Beauty
  • Home Care

Regions              

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Sealed Air Corporation
  • Pregis Corporation
  • WestRock
  • Ranpak
  • Pro-Pac Packaging

The major players in the protective packaging market include Sealed Air Corporation, Pregis Corporation, WestRock, Ranpak, and Pro-Pac Packaging.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Global Protective Packaging Market

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