Global protective packaging market size to amass USD 32.02 billion by 2027

·8 min read

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.

Geographical outlook

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)

  • Foam Plastics

  • Paper & Paperboard

  • Plastics

Global Protective Packaging Market, by Type (Revenue, USD Billion, 2018-2027)

  • Rigid

  • Flexible

  • Foam

Global Protective Packaging Market, by Function (Revenue, USD Billion, 2018-2027)

  • Blocking & Bracing

  • Cushioning

  • Void Fill

Global Protective Packaging Market, by Application (Revenue, USD Billion, 2018-2027)

  • Food & Beverage

  • Consumer Electronics

  • Others

Global Protective Packaging Market Regional Terrain (Revenue, USD Billion, 2018-2027)

Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia Pacific

Latin America

  • Mexico

  • Brazil

North America

  • U.S.

  • Canada

Europe

  • U.K.

  • France

  • Germany

  • Italy

  • Spain

  • Rest of Europe

Rest of the World

Global Protective Packaging Market Competitive Dashboard (Revenue, USD Billion, 2018-2027)

  • 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

  • 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

3.1.1.1. Growth of manufacturing industry

3.1.2. Market Restraint

3.1.2.1. Restricted trade activities due to COVID-19

3.1.3. Market Opportunities

3.1.3.1. 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

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

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,

5.4.3. Plastics

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

6.4.1. Rigid

6.4.2. Flexible

6.4.3. Foam

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

7.4.2. Cushioning

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

8.4.3. Others

Chapter 9. Global Protective Packaging Market, Regional Analysis

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