The Business Research Company’s report on the Protective Packaging Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the protective packaging market?
The growth of the e-commerce industry is expected to propel the growth of the protective packaging market going forward. E-commerce is the practice of purchasing and reselling products and services online, which includes business-to-business (B2B), business-to-consumer (B2C), and other business models. In the e-commerce industry, protective packaging helps to protect commodities from potential harm or damage during transportation, logistics, and warehousing and allows companies to manage the logistics chain more efficiently and products to reach their end customers in perfect conditions. For instance, in August 2023, according to the United States Census Bureau, a US-based government agency, compared to the second quarter of 2022, the estimate for e-commerce in the second quarter of 2023 climbed by 7.5% (or 1.4%), while overall retail sales rose by 0.6% (or 0.4%). 15.4% of all sales in the second quarter of 2023 were made through online stores. Therefore, the growth of the e-commerce industry is driving the growth of the protective packaging market.
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How has the protective packaging market size evolved, and what are the latest forecasts for its expansion?
The protective packaging market size has grown strongly in recent years. It will grow from $34.98 billion in 2024 to $37.35 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increase in consumer electronics, rise in sustainable packaging, focus on brand image, increasing awareness of product safety, growing automotive industry, globalization of supply chains.
The protective packaging market size is expected to see strong growth in the next few years. It will grow to $49.01 billion in 2029 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to evolving retail landscape, advancements in packaging design, rise in pharmaceutical production, customization in packaging solutions, increased focus on last-mile delivery. Major trends in the forecast period include innovations in material technologies, demand for flexible packaging, evolving regulations on packaging materials, focus on lightweight packaging, collaborations across the supply chain, e-commerce-friendly packaging designs.
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Which major companies dominate the protective packaging market?
Major companies operating in the protective packaging market are Sealed Air Corporation, Sonoco Products Company, Huhtamäki Oyj, Dow Inc., Smurfit Kappa Group PLC, DS Smith PLC, International Paper Company, WestRock Company, Ball Corporation, Oji Holdings Corporation, Advanced Protective Packaging Inc., Storopack Hans Reichenecker GmbH, Packaging One GmbH, ITP Packaging Limited, Amcor PLC, Anchor Packaging Inc., ALPLA Werke Alwin Lehner GmbH & Co. KG, Pregis LLC, Ranpak Corp., Pactiv LLC, Intertape Polymer Group Inc., Cascades Inc., Berry Global Group Inc., Mondi Group, Pro-Pac Packaging Group Pty. Ltd., Nefab AB, Unisource Worldwide Inc., Tekni-Plex Inc., Bway Corporation
What trends will shape the future of the proteases market?
Technological advancement is the key trend in the protective packaging market. Major companies are focused on research and development for product innovations, such as carbon-neutral products with a certain level of automation. For instance, in February 2022, Pregis Corporation, a Netherlands-based company protective packaging materials and systems company, introduced Renew Zero, a recyclable air-cushioning film made up of 50% post-consumer recycled content and 50% renewable plant waste, such as cellulose fiber which is carbon-neutral without dependence on carbon-offset methods like planting trees and has been certified by European legislation for packaging and packaging waste. Renew Zero film is compatible with the Pregis AirSpeed MINI PAK’R machine, which produces air cushions in five film configurations using radio frequency identification (RFID) technology that automatically chooses the optimal seal temperature, airflow, and seal pressure for the film for protective packaging.
Which region dominates the protective packaging market, and what factors contribute to its leadership?
Asia-Pacific was the largest region in the protective packaging market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the protective packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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How is the protective packaging market segmented, and which segment holds the largest share?
The protective packaging market covered in this report is segmented –
1) By Type: Rigid Protective Packaging, Flexible Protective Packaging, Foam Protective Packaging
2) By Material: Foam Plastics, Paper And Paperboard, Plastics, Other Materials
3) By Function: Cushioning, Blocking And Bracing, Void Fill, Insulation, Wrapping
4) By End-User Industry: Food And Beverage, Industrial Goods, Automotive, Household Appliances, Pharmaceuticals, Other End-User Industries
Subsegments:
1) By Rigid Protective Packaging: Boxes And Containers, Crates And Pallets, Trays
2) By Flexible Protective Packaging: Bags And Pouches, Stretch Films, Bubble Wrap And Air Cushions
3) By Foam Protective Packaging: Foam Inserts, Foam Sheets, Custom Foam Packaging
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How is the protective packaging market defined?
Protective packaging refers to the special type of packaging that is purposely used to shield mailed items to provide protection, buffer, and insulation from any physical harm and damage during the unpredictable shipping process. Protective packaging is used to protect and buffer commodities from potential harm or damage during transportation, logistics, and warehousing.
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