Protective Packaging Market Report: Exploring Market Size and Strategies 2023-2032| The Smurfit Kappa Group PLC., Sealed Air Corporation, Sonoco, Huhtamäki Oyj, Dow, DS Smith PLC.

The Business Research Company’s Protective Packaging Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Protective Packaging Global Market Report 2023 evaluates protective packaging market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global protective packaging market size is expected to grow from $30.97 billion in 2022 to $33.33 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The protective packaging market size is expected to grow to $42.85 billion in 2027 at a CAGR of 6.5%.

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, according to the United Nations Conference on Trade and Development (UNCTAB), a Switzerland-based intergovernmental organization for world trade, the e-commerce sector’s share of retail sales increased by 19% in the year 2020 due to an increase in internet sales. Therefore, the growth of the e-commerce industry is driving the growth of the protective packaging market.

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The protective packaging market segments in the report are:

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

Major Players:

• The Smurfit Kappa Group PLC.
• Sealed Air Corporation
• Sonoco
• Huhtamäki Oyj, Dow
• DS Smith PLC

The table of contents in TBRC’s protective packaging market report includes:

1. Executive Summary
2. Protective Packaging Market Characteristics
3. Protective Packaging Market Trends And Strategies
4. Protective Packaging Market – Macro Economic Scenario
5. Protective Packaging Market Size And Growth
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25. Middle East Protective Packaging Market
26. Africa Protective Packaging Market
27. Protective Packaging Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Protective Packaging Market
29. Protective Packaging Market Future Outlook and Potential Analysis

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