North America Protective Packaging Market Size, Growth 2031

North America Protective Packaging Market Size, Growth 2031

Segments - North America Protective Packaging Market by Material Type (Plastics and Paper & Paperboard), Product Type (Rigid, Flexible, and Foam Based), End-users (Food & Beverage, Pharmaceutical, Consumer Electronics, Beauty & Homecare, and Others) and Geography (The US and Canada) - North America Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

https://growthmarketreports.com/Riddhesh
Author : Riddhesh Dani
https://growthmarketreports.com/Harneet
Fact-checked by : Harneet Meher
https://growthmarketreports.com/Shruti
Editor : Shruti Bhat

Upcoming | Report ID :MC-1633 | 4.5 Rating | 61 Reviews | 174 Pages | Format : PDF Excel PPT

Report Description


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.

North America Protective Packaging Market Outlook

  • Increasing online shopping is estimated to fuel the market during the forecast period.

  • Growing acceptance of quick and convenient meals are key factor fueling the market during the forecast period.

  • Lack of awareness act as major challenge that can hamper the market during the forecast period.

  • 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.

Attributes

Details

Report Title

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

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Material Type (Plastics, Paper & Paperboard), Product Type (Rigid, Flexible, and Foam Based), End-user (Food & Beverage, Pharmaceutical, Consumer Electronics, Beauty & Homecare, and Others)

Geographical Scope

The US and Canada

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; Smurfit Kappa Group plc; DS Smith plc; Sonoco Products Company; and Intertape Polymer Group Inc.

 

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.

North America Protective Packaging Market Product Types

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

  • United States
  • Canada

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.

North America Protective Packaging Market Key Players

Table Of Content

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 End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Protective Packaging Market Size and Volume Forecast by End Users
     5.3.1. Food & Beverage
     5.3.2. Pharmaceutical
     5.3.3. Consumer Electronics
     5.3.4. Beauty & Homecare
     5.3.5. Others
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Protective Packaging Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Protective Packaging Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Protective Packaging Demand Share Forecast, 2019-2026
7. North 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
  7.2. North America Protective Packaging Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Protective Packaging Market Size and Volume Forecast by End Users
     7.4.1. Food & Beverage
     7.4.2. Pharmaceutical
     7.4.3. Consumer Electronics
     7.4.4. Beauty & Homecare
     7.4.5. Others
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Protective Packaging Demand Share Forecast, 2019-2026
8. Latin America 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. Latin America Average Pricing Analysis
  8.2. Latin America Protective Packaging Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Protective Packaging Market Size and Volume Forecast by End Users
     8.4.1. Food & Beverage
     8.4.2. Pharmaceutical
     8.4.3. Consumer Electronics
     8.4.4. Beauty & Homecare
     8.4.5. Others
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Protective Packaging Demand Share Forecast, 2019-2026
9. Europe 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. Europe Average Pricing Analysis
  9.2. Europe Protective Packaging Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Protective Packaging Market Size and Volume Forecast by End Users
     9.4.1. Food & Beverage
     9.4.2. Pharmaceutical
     9.4.3. Consumer Electronics
     9.4.4. Beauty & Homecare
     9.4.5. Others
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Protective Packaging Demand Share Forecast, 2019-2026
10. Asia Pacific 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. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Protective Packaging Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Protective Packaging Market Size and Volume Forecast by End Users
     10.4.1. Food & Beverage
     10.4.2. Pharmaceutical
     10.4.3. Consumer Electronics
     10.4.4. Beauty & Homecare
     10.4.5. Others
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Protective Packaging Demand Share Forecast, 2019-2026
11. Middle East & Africa Protective Packaging Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Protective Packaging Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Protective Packaging Market Size and Volume Forecast by End Users
     11.4.1. Food & Beverage
     11.4.2. Pharmaceutical
     11.4.3. Consumer Electronics
     11.4.4. Beauty & Homecare
     11.4.5. Others
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Protective Packaging Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Protective Packaging Market: Market Share Analysis
  12.2. Protective Packaging Distributors and Customers
  12.3. Protective Packaging Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Sealed Air Corporation
     12.4.2. Smurfit Kappa Group plc
     12.4.3. DS Smith plc
     12.4.4. Sonoco Products Company
     12.4.5. Intertape Polymer Group Inc

Methodology

Our Clients

Nestle SA
Dassault Aviation
General Mills
Microsoft
FedEx Logistics
Siemens Healthcare
Pfizer
sinopec