The North America Protective Packaging Market size was valued at USD 8.81 Billion in 2022 and is expected to surpass USD 11.55 Billion by 2031, expanding at a CAGR of 3.05% during the forecast period, 2023 – 2031. The growth of the market is attributed to the increasing sales related to online shopping.
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.
Market Trends, Drivers, Restraints, and Opportunities
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Increasing online shopping is estimated to fuel the market during the forecast period.
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Growing acceptance of quick and convenient meals are key factor fueling the market during the forecast period.
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Lack of awareness act as major challenge that can hamper the market during the forecast period.
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Emergence of biodegradable polymers for protective packaging is anticipated to create lucrative opportunities for the market players.
Scope of North America Protective Packaging Market Report
The report on the North America protective packaging market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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North America Protective Packaging Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Material Type (Plastics, Paper & Paperboard), Product Type (Rigid, Flexible, and Foam Based), End-user (Food & Beverage, Pharmaceutical, Consumer Electronics, Beauty & Homecare, and Others)
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Geographical Scope
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The US and Canada
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Sealed Air Corporation; Smurfit Kappa Group plc; DS Smith plc; Sonoco Products Company; and Intertape Polymer Group Inc.
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North America Protective Packaging Market Segment Insights
The paper & paperboard segment is projected to hold a major market share
Based on material type, the North America protective packaging market is divided into plastics, paper & paperboard. The paper & paperboard segment is expected to represent a key share of the market during the forecast period. Due to its eco-friendliness, paper and paperboard-based material is one of the most widely used packaging forms for food items such as milk and milk-based products, drinks, dry powders, confectionery, and bakery products.
Paper packaging, often known as paper containers, is a cost-effective way for people to move, carry, and store things in the community. Paper-based packaging is becoming more popular on a daily basis since it is designed to be durable yet lightweight, and it can be customized to fit product or consumer demands. Paperboard is a common packaging choice in many sectors since it is easy to cut and form, lightweight, and sturdy. Pulp (either virgin or recycled) is used to make one or more layers of board that can be coated for a better surface.
The foam based segment is expected to grow at a rapid pace
In terms of product type, the North America protective packaging market is divided into rigid, flexible, and foam based. The foam-based segment is expected to represent a key share of the market during the forecast period. Any shape may be planned, carved, and manufactured out of foam. Many items include protrusions such as flanges, brackets, and buttons that alter the product's overall surface or have various degrees of fragility or weight bearing ability, all of which may be managed with a foam packing design. Foam can be readily customized with grooves, notches, and curves to match the uniqueness of a product.
The food & beverage segment is anticipated to expand at a high CAGR
In terms of end-users, the North America protective packaging market is segregated into food & beverage, pharmaceutical, consumer electronics, beauty & homecare, and others. 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 many 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.
The US is expected to dominate the market
On the basis of geography, the North America protective packaging market is classified as the US and Canada. The United States is anticipated to dominate the market during the forecast period. The consumer electronics industry is seeing strong demand in the region. According to the consumer technology association the retail income from consumer electronics and technology in the US was USD 406 million in 2019 and is anticipated to reach USD 422 million by the end of FY 2021.
The need for protective packaging is projected to rise in the coming years as consumer electronics become more popular. Furthermore, the e-commerce business in the area is booming, which is propelling the protective packaging market.
Segments
The North America protective packaging market has been segmented on the basis of
Material type
- Plastics
- Paper & Paperboard
Product type
- Rigid
- Flexible
- Foam Based
End-user Vertical
- Food & Beverage
- Pharmaceutical
- Consumer Electronics
- Beauty & Homecare
- Others
Geography
Key Players
- Sealed Air Corporation
- Smurfit Kappa Group plc
- DS Smith plc
- Sonoco Products Company
- Intertape Polymer Group Inc
Competitive Landscape
Key players competing in the North America protective packaging market include Sealed Air Corporation, Smurfit Kappa Group plc, DS Smith plc, Sonoco Products Company, and Intertape Polymer Group Inc.
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.
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