Protective Packaging Market
Protective Packaging Market Size, Share & Trends Analysis Report By Material (Foam Plastics and Paper & Paperboard), By Type (Flexible, Rigid, and Foam), By Application (Food and Beverage, Consumer Electronics, Beauty and Homecare, Pharmaceuticals, and Others), Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Protective packaging market is expected to grow at a CAGR of 5.7% during the forecast period. Protective packaging is materials built to protect and protect a product from potential harm or destruction during shipping or warehousing. The growing demand for online purchasing and the rising number of e-commerce industries are propelling the global protective packaging market. According to the United Nations Conference on Trade and Development (UNCTAD), in 2021 the global e-commerce jumps to $26.7 trillion, with the Republic of Korea reporting the highest share at 25.9% in 2020, up from 20.8% the year before. Protective packaging plays a vital role in the e-commerce industry as it slows down the vibration of internal objects and offers protection to products from damage during transportation. Plastic packaging wastes are very harmful to the environment. Many plastic packaging solutions are non-biodegradable and harm the environment. Eco-friendly packaging is an opportunity for the market players as various governments are supporting and demanding green packaging for sustainability.
Impact of COVID-19 Pandemic on Global Protective Packaging Market
During the COVID-19 pandemic, travel restrictions created hurdles to international trade and transportation, which disrupted the supply chain for the market. To stop the spread of the COVID-19 the government’s guidance and shutdown of most of the businesses and manufacturing plants impacted the protective packaging market across the globe. The demand for protective packaging was hindered by COVID-19 due to the decline in the products from consumers and industries. However, the e-commerce growth was significantly increased during the pandemic, which in turn, positively influenced the demand for protective packaging in the e-commerce sector during the pandemic.
Segmental Outlook
The global protective packaging market is segmented based on the material, type, and application. Based on the material, the market is segmented into foam plastics and paper & paperboard. Based on type, the market is segmented into flexible, rigid, and foam. Based on application, the market is segmented into food & beverage, consumer electronics, beauty and homecare, pharmaceuticals, and others. Based on type, the flexible segment is estimated to hold a major share in the protective packaging market owing to the rising demand for flexible packaging solutions, such as bubble wraps, dunnage bags, flexible foam, wrapping, and others. These flexible packaging solutions provide better protection from damages.
Foam Plastic to Hold Significant Share in the Global Protective Packaging Market
Based on material, the foam plastics segment is anticipated to have a major share in the market owing to its advantages such as strong thermal insulation, shock-absorbing qualities, lightweight, resistance to chemicals, resistance to water/ moisture, and others. These beneficial properties are supporting its adoption in various end-use industries such as building and construction, furniture and bedding, and packaging, among others.
Regional Outlook
The global protective packaging market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa and Latin America). Asia-Pacific is anticipated to hold a significant share in the global protective packaging market. Factors such as the rising e-commerce industry, growth in the packaging sector, and expansion of protective packaging manufacturers in the region are some factors boosting the market growth in the region. According to the UNCTAD, in 2020 China’s Online retail sales were $1,414.3 billion which shows the increasing trend of online purchasing in the country, which in turn, is boosting the demand for protective packaging solutions. The market can be analyzed for a particular region or country level as per the requirement.
Global Protective Packaging Market Growth, by Region 2022-2028
Market Players Outlook
The major companies serving the global protective packaging market include Smurfit Kappa Group plc, Sealed Air Corp, Sonoco Products Co., Huhtamäki Oyj, and DS Smith plc. The market players are contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in April 2022, Sealed Air Corp. launched the digital Packaging Brand Pristiq with a portfolio of solutions for design services, digital printing, and smart packaging. Smart Packaging prismiq eliminates waste and excess packaging while enhancing products and customer engagement.
Further, in April 2022, Pregis invested in a new 1960 square meter (21,000 square foot) customer experience facility in Europe (the Netherlands) designed to provide holistic solutions approach to protective packaging challenges and reduce costly waste incurred by damaged products. The company’s objective is to provide value-added services to assist brand owners in selecting protective packaging materials and systems that will reduce total cost, achieve sustainability goals and improve packing efficiency to support addressing labor challenge.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global protective packaging market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Recovery Scenario of the Global Protective Packaging Market Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Smurfit Kappa Group plc
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Sealed Air Corp
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Sonoco Products Co.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Huhtamäki Oyj
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. DS Smith plc
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Protective Packaging Market Market by Material
4.1.1. Foam Plastics
4.1.2. Paper & Paperboard
4.2. Global Protective Packaging Market by Type
4.2.1. Flexible
4.2.2. Rigid
4.2.3. Foam
4.3. Global Protective Packaging Market Market by Application
4.3.1. Food & Beverage
4.3.2. Consumer Electronics
4.3.3. Beauty and Home Care
4.3.4. Pharmaceutical
4.3.5. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Advanced Protective Packaging Ltd.
6.2. Crown Holdings Inc.
6.3. Intertape Polymer Group Inc.
6.4. Macfarlane Group plc
6.5. Packaging Corporation of America
6.6. Pregis Corp.
6.7. Pro-Pac Packaging Ltd.
6.8. Protective Packaging Systems Ltd.
6.9. Ranpak Holdings Corp.
6.10. Riverside Paper Co.
6.11. Signode India
6.12. Specialized Packaging Group L.P.
6.13. Storopack Hans Reichenecker Gmbh
6.14. Universal Protective Packaging, Inc. (UPPI)
6.15. WestRock Co.
1. GLOBAL PROTECTIVE PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
2. GLOBAL FOAM PLASTICS PROTECTIVE PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL PAPER & PAPERBOARD PROTECTIVE PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL PROTECTIVE PACKAGING MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
5. GLOBAL FLEXIBLE PROTECTIVE PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL RIGID PROTECTIVE PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL FOAM PROTECTIVE PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL PROTECTIVE PACKAGING FOR FOOD & BEVERAGES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
9. GLOBAL PROTECTIVE PACKAGING FOR CONSUMER ELECTRONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL PROTECTIVE PACKAGING FOR BEAUTY AND HOMECARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL PROTECTIVE PACKAGING FOR PHARMACEUTICALS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL PROTECTIVE PACKAGING FOR OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL PROTECTIVE PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. NORTH AMERICAN PROTECTIVE PACKAGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
15. NORTH AMERICAN PROTECTIVE PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
16. NORTH AMERICAN PROTECTIVE PACKAGING MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
17. NORTH AMERICAN PROTECTIVE PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
18. EUROPEAN PROTECTIVE PACKAGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. EUROPEAN PROTECTIVE PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
20. EUROPEAN PROTECTIVE PACKAGING MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
21. EUROPEAN PROTECTIVE PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC PROTECTIVE PACKAGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC PROTECTIVE PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC PROTECTIVE PACKAGING MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC PROTECTIVE PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
26. REST OF THE WORLD PROTECTIVE PACKAGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
27. REST OF THE WORLD PROTECTIVE PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
28. REST OF THE WORLD PROTECTIVE PACKAGING MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
29. REST OF THE WORLD PROTECTIVE PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. GLOBAL PROTECTIVE PACKAGING MARKET SHARE BY MATERIAL, 2021 VS 2028 (%)
2. GLOBAL FOAM PLASTICS PROTECTIVE PACKAGING MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL PAPER & PAPERBOARD PROTECTIVE PACKAGING MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL PROTECTIVE PACKAGING MARKET MARKET SHARE BY TYPE, 2021 VS 2028 (%)
5. GLOBAL FLEXIBLE PROTECTIVE PACKAGING MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL RIGID PROTECTIVE PACKAGING MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL FOAM PROTECTIVE PACKAGING MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL PROTECTIVE PACKAGING MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
9. GLOBAL PROTECTIVE PACKAGING FOR FOOD & BEVERAGE MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL PROTECTIVE PACKAGING FOR CONSUMER ELECTRONICS MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL PROTECTIVE PACKAGING FOR BEAUTY AND HOMECARE MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL PROTECTIVE PACKAGING FOR PHARMACEUTICALS MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL PROTECTIVE PACKAGING FOR OTHER APPLICATIONS MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL PROTECTIVE PACKAGING MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. US PROTECTIVE PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
16. CANADA PROTECTIVE PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
17. UK PROTECTIVE PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
18. FRANCE PROTECTIVE PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
19. GERMANY PROTECTIVE PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
20. ITALY PROTECTIVE PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
21. SPAIN PROTECTIVE PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
22. REST OF EUROPE PROTECTIVE PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
23. INDIA PROTECTIVE PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
24. CHINA PROTECTIVE PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
25. JAPAN PROTECTIVE PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
26. SOUTH KOREA PROTECTIVE PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF ASIA-PACIFIC PROTECTIVE PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF THE WORLD PROTECTIVE PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
