Global Protective Packaging Market 2023-2027
The protective packaging market is forecasted to grow by USD 6,950.24 mn during 2022-2027, accelerating at a CAGR of 4.02% during the forecast period. The report on the protective packaging market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth of e-commerce sector, rise in demand for secondary and protective packaging, and increasing demand for protective packaging for packed food products.
Technavio's protective packaging market is segmented as below:
By End-user
- Food and beverages
- Industrial goods
- Consumer electronics
- Household appliances
- Healthcare and others
By Type
By Geography
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the emergence of new recycling techniques for flexible packaging as one of the prime reasons driving the protective packaging market growth during the next few years. Also, active participation in manufacturing and supply of protective packaging by third-party logistics companies and growing globalization and international trade will lead to sizable demand in the market.
The report on the protective packaging market covers the following areas:
- Protective packaging market sizing
- Protective packaging market forecast
- Protective packaging market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading protective packaging market vendors that include Berry Global Inc., Cascades Inc., Crown Holdings Inc., Dow Chemical Co., DS Smith Plc, EcoEnclose, Hanchett Paper Co., International Paper Co., Intertape Polymer Group Inc., Mondi Plc, Nefab AB, Pregis LLC, Ranpak Holdings Corp., Sealed Air Corp., Smurfit Kappa Group, Sonoco Products Co., STOROPACK HANS REICHENECKER GMBH, Universal Protective Packaging Inc., WestRock Co., and Winpak Ltd. Also, the protective packaging market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.