Global Protective Packaging Market Based on Type (Rigid Protective Packaging, Flexible Protective Packaging, Foam Protective Packaging) Based on Material (Foam Plastics, Paper & Paperboard, Other Material Types) Based on Function (Cushioning, Blocking & Bracing, Void Fill) Based on Application (Food & Beverage, Industrial Goods, Other Applications) by Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Protective Packaging Market Overview:

The global Protective packaging market is projected to reach a valuation of USD 62,227.85 Mn by 2032 at a CAGR of 5.45%, from USD 34,409.20 Mn in 2021.

Protective packaging supplies are materials built to protect and buffer a product from potential harm or destruction during shipping or warehousing. It may be made from materials including but not limited to cardboard, plastic, metal, etc.

Protective packaging is often used as the main component of a product’s packaging or as a secondary form of packaging supply depending upon the product contained within. It is useful for various applications, however, all forms of protective packaging are created for the same purpose, ensuring that a product arrives in pristine condition without damage or other related issues.

Examples of materials that would be considered protective packaging include flexible films, bagging, shrink packaging, carded packaging (blister packs, skin packs, clamshells), shipping protection (air pillows), etc.

Detailed Segmentation:

The global protective packaging market is segmented on the basis of – Type, Material, Function, Application, and Region. Represented below is a detailed segmental description:

Based on Type:

• Rigid Protective Packaging
• Flexible Protective Packaging
• Foam Protective Packaging

Based on Material:

• Foam Plastics
• Paper & Paperboard
• Plastics
• Other Material Types

Based on Function:

• Cushioning
• Blocking & Bracing
• Void Fill
• Insulation
• Wrapping

Based on Application:

• Food & Beverage
• Industrial Goods
• Healthcare
• Automotive
• Cushioning
• Household Appliances
• Other Applications

Based on Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Market Dynamics:

The e-Commerce industry is one of the fastest-growing industries in the world as more and more individuals are opting to shop online due to the convenience and a greater variety of options. Established e-Commerce companies such as Amazon, Alibaba, and Flipkart use protective packaging materials to protect the contents from damage during shipping and delivery. This, in turn, is expected to continue to complement the market growth of the protective packaging industry. Packaging waste harms the environment as it takes decades to decompose. Governments worldwide are addressing this issue by imposing strict laws that the packaging industry is subjected to adhere to. In developing nations, governments have become more cautious about protecting the environment, wherein steps are being taken to promote sustainable packaging. As these laws prohibit companies from sourcing raw materials, which fail to comply with the environmental legislation, the cost of raw materials would inch higher, thereby increasing operational costs. This affects the overall protective packaging revenues as profits decline.

Competitive Landscape:

The global protective packaging market is relatively competitive, with the presence of a moderate number of local and global manufacturers such as:

• Sealed Air Corporation
• Crown Holdings Inc.
• Sonoco Products Company
• Winpack Ltd.
• Smurfit Kappa Group
• DS Smith plc
• WestRock Company
• Schur Flexibles Holding GesmbH
• International Paper Company
• Nefab Group
• Cascades Inc.

Key developments:

• In July 2021, Smurfit Kappa acquired Carton box, a folding carton company located in Monterrey, in the North-East of Mexico. This will help the company in strengthening its participation in its paper packaging solutions operations in Mexico and expand its footprint to four folding carton locations in the country.
  2020
• In August 2020, Sealed Air Corporation announced that it had signed a collaboration agreement with Plastic Energy, an industry-leading company in advanced recycling technology. Additionally, Sealed Air has made an equity investment in Plastic Energy Global, the parent company of Plastic Energy.

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For the Protective packaging Market research study, the following years have been considered to estimate the market size: