Protective packaging market is expected to grow at a CAGR of 5.7% during the forecast period. Protective packaging is materials built to protect and protect a product from potential harm or destruction during shipping or warehousing. The growing demand for online purchasing and the rising number of e-commerce industries are propelling the global protective packaging market. According to the United Nations Conference on Trade and Development (UNCTAD), in 2021 the global e-commerce jumps to $26.7 trillion, with the Republic of Korea reporting the highest share at 25.9% in 2020, up from 20.8% the year before. Protective packaging plays a vital role in the e-commerce industry as it slows down the vibration of internal objects and offers protection to products from damage during transportation. Plastic packaging wastes are very harmful to the environment. Many plastic packaging solutions are non-biodegradable and harm the environment. Eco-friendly packaging is an opportunity for the market players as various governments are supporting and demanding green packaging for sustainability.
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During the COVID-19 pandemic, travel restrictions created hurdles to international trade and transportation, which disrupted the supply chain for the market. To stop the spread of the COVID-19 the government’s guidance and shutdown of most of the businesses and manufacturing plants impacted the protective packaging market across the globe. The demand for protective packaging was hindered by COVID-19 due to the decline in the products from consumers and industries. However, the e-commerce growth was significantly increased during the pandemic, which in turn, positively influenced the demand for protective packaging in the e-commerce sector during the pandemic.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Protective Packaging Market Market by Material
- Foam Plastics
- Paper & Paperboard
Global Protective Packaging Market by Type
- Flexible
- Rigid
- Foam
Global Protective Packaging Market Market by Application
- Food & Beverage
- Consumer Electronics
- Beauty and Home Care
- Pharmaceutical
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Advanced Protective Packaging Ltd.
- Crown Holdings Inc.
- Intertape Polymer Group Inc.
- Macfarlane Group plc
- Packaging Corporation of America
- Pregis Corp.
- Pro-Pac Packaging Ltd.
- Protective Packaging Systems Ltd.
- Ranpak Holdings Corp.
- Riverside Paper Co.
- Signode India
- Specialized Packaging Group L.P.
- Storopack Hans Reichenecker Gmbh
- Universal Protective Packaging, Inc. (UPPI)
- WestRock Co.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global protective packaging market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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