The business intelligence report on ‘global protective packaging market’ examines the factors influencing the industry dynamics over the forecast period 2021-2027. It highlights the major growth propellers, restraints, limitations, and lucrative opportunities, together with the supply-demand specifications that will shape the growth trajectory in the upcoming years.
Selbyville, Delaware, July 14, 2021 (GLOBE NEWSWIRE) -- According to credible sources, global protective packaging market was valued at USD 23.14 billion in 2021 and is estimated to record a CAGR of 5.67% over 2021-2027, subsequently accumulating USD 32.02 billion by the end of forecast period.
The study puts forward elaborate details related to various market segments including material, type, function, application range, along with the industry’s regional scope. Moreover, it encompasses elaborate profiles of the leading players along with detailed explanation of remunerative strategies followed by them in order to give readers details outlook of the competitive framework.
Expanding manufacturing sector with primary focus of the manufacturers on minimizing the shipping and logistics cost is the major factor driving the industry growth. Additionally, rising applications in several end-use industries is generating lucrative prospects for the businesses in this domain.
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Augmenting sales through product launches and acquisitions by the prominent market players are positively swaying the market dynamics. For instance, Sealed Air Corporation purchased Austin Foam Plastics Inc. (AFP) in 2018. The latter is a chief manufacturer of foam, corrugated, molded pulp, and wood packaging solutions.
On the downside, the Covid-19 pandemic has compelled various nations to close their borders, restrict trade, and impose lockdown measures in order to control the spread, which in turn is negatively swaying the industry dynamics.
Market segmentation overview
Based on material ambit, worldwide protective packaging industry is segmented into foam plastics, plastics, paper & paperboard, and others. Speaking of type, the marketplace is divided into flexible, foam, and rigid. On the basis of function, the industry space is categorized into cushioning, void fill, and blocking & bracing. Considering the application reach, the business sphere is classified into consumer electronics, and food & beverage including others.
As per expert verbatim, Asia Pacific currently holds majority market share and is likely to continue serving as a lucrative growth avenue through 2027. This can largely be credited to development of various end-use industries like chemicals, automotive, and electronics in the region.
Meanwhile, North America market is likely to exhibit strong growth patterns over the forecast timeline, on account of presence of major players in the region, coupled with increasing demand for protective packaging.
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Competitive hierarchy overview:
Leading players in worldwide protective packaging industry sphere are Cascades Inc., Nefab Packaging Inc., International Paper Company, Greif Inc., Schur Flexibles Holding GmbH, WestRock Company, DS Smith plc, Smurfit Kappa Group plc, Winpak Ltd., Sonoco Products Company, and Crown Holdings Inc.
Global Protective Packaging Market, by Material (Revenue, USD Billion, 2018-2027)
Paper & Paperboard
Global Protective Packaging Market, by Type (Revenue, USD Billion, 2018-2027)
Global Protective Packaging Market, by Function (Revenue, USD Billion, 2018-2027)
Blocking & Bracing
Global Protective Packaging Market, by Application (Revenue, USD Billion, 2018-2027)
Food & Beverage
Global Protective Packaging Market Regional Terrain (Revenue, USD Billion, 2018-2027)
Rest of Asia Pacific
Rest of Europe
Rest of the World
Global Protective Packaging Market Competitive Dashboard (Revenue, USD Billion, 2018-2027)
Nefab Packaging Inc.
International Paper Company
Schur Flexibles Holding GmbH
DS Smith plc
Smurfit Kappa Group plc
Sonoco Products Company
Crown Holdings Inc.
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Protective Packaging Market , by Region, 2019-2027 (USD Billion)
1.2.2. Protective Packaging Market , by Material, 2019-2027 (USD Billion)
1.2.3. Protective Packaging Market , by Type, 2019-2027 (USD Billion)
1.2.4. Protective Packaging Market , by Function, 2019-2027 (USD Billion)
1.2.5. Protective Packaging Market , by Application, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Protective Packaging Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Protective Packaging Market Dynamics
3.1. Protective Packaging Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
22.214.171.124. Growth of manufacturing industry
3.1.2. Market Restraint
126.96.36.199. Restricted trade activities due to COVID-19
3.1.3. Market Opportunities
188.8.131.52. Growing application in various end-use industries
Chapter 4. Global Protective Packaging Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Protective Packaging Market , by Material
5.1. Market Snapshot
5.2. Global Protective Packaging Market by Material , Performance - Potential Analysis
5.3. Global Protective Packaging Market Estimates & Forecasts by Material 2018-2027 (USD Billion)
5.4. Protective Packaging Market , Sub Segment Analysis
5.4.1. Foam Plastics,
5.4.2. Paper & Paperboard,
Chapter 6. Global Protective Packaging Market , by Type
6.1. Market Snapshot
6.2. Global Protective Packaging Market by Type , Performance - Potential Analysis
6.3. Global Protective Packaging Market Estimates & Forecasts by Type 2018-2027 (USD Billion)
6.4. Protective Packaging Market , Sub Segment Analysis
Chapter 7. Global Protective Packaging Market , by Function
7.1. Market Snapshot
7.2. Global Protective Packaging Market by Function, Performance - Potential Analysis
7.3. Global Protective Packaging Market Estimates & Forecasts by Function 2018-2027 (USD Billion)
7.4. Protective Packaging Market , Sub Segment Analysis
7.4.1. Blocking and bracing
7.4.3. Void Fill
Chapter 8. Global Protective Packaging Market , by Application
8.1. Market Snapshot
8.2. Global Protective Packaging Market by Application , Performance - Potential Analysis
8.3. Global Protective Packaging Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
8.4. Protective Packaging Market , Sub Segment Analysis
8.4.1. Food & Beverage
8.4.2. Consumer Electronics
Chapter 9. Global Protective Packaging Market, Regional Analysis
Advanced Packaging Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026
The advanced packaging market is poised to accumulate noteworthy gains in coming years owing to high product adoption across numerous application avenues such as healthcare, automotive, consumer electronics, aerospace & defense among others. Advanced packaging was developed to improve the performance of device and simultaneously shrink the packages. It is termed as a general grouping of a variety of different techniques such as system-in-package, 3D-IC, 2.5D, and fan-out wafer-level packaging. Systems and appliances in several domains such as transportation systems, industrial, home appliances, medical, information among many others comprise of semiconductor chips. In fact, the process of semiconductor packaging is one of the most emerging sectors. Semiconductor packaging materials are known to be a class of electronic solutions utilized to form the connection of IC chip to the packaging substrate. The growth is attributed to the growing adoption of AI chipsets across healthcare applications mainly for remote monitoring, which is further likely to increase the demand for advanced packaging. In addition, the growing need for advanced packaging for miniaturized devices is also driving the product demand across healthcare application.
Global Insulated packaging Market Size study and Regional Forecasts 2020-2027
Global Insulated packaging Market to reach USD 18.01 billion by 2027. Global Insulated packaging Market is valued approximately USD 10.72 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.7 % over the forecast period 2020-2027. Insulated Packaging is a combination of materials which offer low thermal conductivity along with high resistance. The material is majorly used for shipping of temperature sensitive products for maintaining product freshness and efficiency. It plays a significant role in eliminating the effects of variable temperature keeping the product warm, frozen or refrigerated and protecting the product from physical damage. The packaging is majorly used in a wide range of end-use industries such as chemical, food and beverage, healthcare and personal care and more. The escalated growth in the Food and beverage industry along with increase in demand for Higher food quality drives the market growth.
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