Global Flexible Protective Packaging Market 2016-2020
About Flexible Protective Packaging
Flexible protective packaging products such as bubble wrap, air pillows, flexible foam, paper fills, and dunnage bags are used for filling empty spaces, block and bracing, and wrapping products during transit. The global flexible protective packaging market is expected to grow moderately during the forecast period. One of the main reasons behind the moderate growth will be rapid urbanization, which is currently driving sales in the offline retail and e-commerce sectors that use flexible protective packaging material for safe product delivery to their customers.
Technavio’s analysts forecast the global flexible protective packaging market to grow at a CAGR of 6.22% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global flexible protective packaging market for 2016-2020. To calculate the market size, the report considers the revenue generated by the vendors for flexible protective packaging of different goods.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Flexible Protective Packaging Market 2016-2020
Technavio recognizes the following companies as the key players in the global flexible protective packaging market: DynaCorp, Pregis, Sealed Air, Smurfit Kappa, and Storopack.
Other Prominent Vendors in the market are: FP International, Geami, iVEX Protective Packaging, Macfarlane Group, Unisource Worldwide, Veritiv Corporation, Shorr Packaging Corp, Automated Packaging Systems, and Polyair.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is emphasis on sustainability. Sustainability has become an important parameter for flexible protective packaging products. It is broadly defined as controlling landfill and litter resulting from the use non-bio-degradable materials such as conventional plastic packaging products.”
According to the report, one of the major drivers for this market is suitable for goods with unusual shapes. Flexible protective packaging products and solutions are more cost effective than rigid protective packaging products and solutions and they do not limit companies to shipping only small products. Using flexible protective packaging solutions such as expanded polystyrene beads, companies such as Simpak have been able to ship large printers and even porcelain toilets weighing as much as 100 pounds.
Further, the report states that one of the major challenges faced by the global flexible protective packaging market is the high cost of producing packaging materials. The new designs and materials required to produce these materials have increased the overall cost of materials. Some expensive materials used for packaging are hydraulic-pressured compact film and regenerated cellulose films. These materials are responsible for the high cost of packaging materials.
DynaCorp, Pregis, Sealed Air, Smurfit Kappa, Storopack, FP International, Geami, iVEX Protective Packaging, Macfarlane Group, Unisource Worldwide, Veritiv Corporation, Shorr Packaging Corp, Automated Packaging Systems, Polyair.