Global Protective Packaging Market 2018-2022
About Protective Packaging
The protective packaging market consists of both national and international players. The increasing popularity of flexible protective packaging options such as air pillows and paper fills are expected to offer paper manufacturers a competitive leverage in this market. The protective packaging market can be segmented into three products which includes foam protective packaging, rigid protective packaging, and flexible protective packaging.
Technavio’s analysts forecast the global protective packaging market to grow at a CAGR of 6.21% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global protective packaging market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of protective packaging.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Protective Packaging Market 2018-2022
Technavio recognizes the following companies as the key players in the global protective packaging market: Paper, Mondi Group, Nefab Group, Sealed Air, and Sonoco Products Company.
Other Prominent Vendors in the market are: Pregis.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is rising popularity of home delivery of food and grocery products. The growth in online home delivery of food and grocery is mainly driven by the demand form multinational e-commerce companies such as Amazon. Since the need to maintain high quality during transit remains the major priority, protective packaging will be increasingly preferred by online delivery companies.”
According to the report, one of the major drivers for this market is introduction of innovative protective packaging products. The increasing focus of packaging manufacturers to introduce new protective packaging choices has led to the development of innovative products that occupy less space and offer efficient performance. For instance, Ecoliner is an eco-friendly product made by IPC consisting of ultra-insulating recycled cotton that is packed in by environment-friendly plastic liners. The growing concerns about disposing packaging materials has resulted in the increased preference of EcoLiner for packaging that saves about 70 percent of the space in a warehouse. This will lead to the increased demand for protective packaging market during the forecast period.
Paper, Mondi Group, Nefab Group, Sealed Air, Sonoco Products Company, Pregis.
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