Pune, Maharashtra -- (SBWIRE) -- 06/28/2019 -- Plastic Protective Packaging Market - Key Insights
Plastic protective packaging registered a steady growth at 5.4% CAGR between 2013 and 2017. The plastic protective packaging market will continue to witness robust growth in the future owing to various factors ranging from growing demand for inflatable packaging to increasing adoption of plastic packaging in the ecommerce sector.
The plastic protective packaging market is expected to surpass revenues worth US$ 14 billion in 2019.
Europe is likely to remain the largest market for plastic protective packaging with revenues estimated to exceed US$ 4 billion in 2019.
Plastic protective packaging market is expected to witness a relatively faster growth in East Asia, as China continues to gain significance as attractive hub for packaging manufacturers, upheld by growing demand from the electronics industry.
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Plastic Protective Packaging Market - Competitive Landscape
Berry Global Group plans to acquire RPC Group for approximately US$ 6.5 billion, including refinancing RPC's net debt. It plans to create a global plastic and recycled packaging product franchise through this acquisition.
Smurfit Kappa Group has acquired Balkanpack with an aim to expand its business in Bulgaria. Smurfit Kappa also plans to take over Vitavel, also a Bulgarian manufacturer.
Sealed Air Corporation has entered into an agreement with Kuraray America, Inc. to offer Plantic, a plant-based food packaging in the US, Mexico, and Sealed Air Corporation's planned investment of US$24 million is underway and the production is likely to start by Q2/2020.
Key players operating in the plastic protective packaging market include Berry Global Group, Inc., AEP Industries Inc., Intertape Polymer Group Inc., Smurfit Kappa Group, Sealed Air Corporation, Signode Packaging Systems Corporation, Winpak Ltd., Kureha Corporation, PREMIUMPACK GmbH, Flexopack S.A., Schur Flexibles Group, Coveris Holdings S.A., Allfo Vakuumverpackungen Hans Bresele Kg, Kuplast Matejka Kumar S.P., and Buergofol GmbH.
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What are the Key Growth Drivers of Plastic Protective Packaging Market?
Plastic continues to be the widely used material in protective packaging across various industries, with introduction of advanced materials such as polypropylene that provide high barrier and temperature resistance, thereby, protecting packaged products from harsh environments.
Adoption of flexible packaging in the food and beverage, including pouches, bags, sleeves, shrink films, and tubes, owing to their low weight, flexibility, and durability properties, will continue to create growth opportunities for the plastic protective packaging market.
With significant growth in the construction and electronics sector, air cushion and bubble packaging have emerged as the viable protective packaging solution for the products ranging from lightweight, delicate objects such as ceramics and housewares, to heavier electronic components and glassware.
Bubble products being the most versatile protective packaging, manufacturers are offering multiple configuration, inflated bubble packaging with various grades that adjust the size of bubble as per the product. Moreover, recycled materials are also being used to produce modern inflated bubble products.
With an increasing number of consumers opting for online shopping, companies have started focusing on offering protective packaging solutions such as bubble packaging, plastic stretch, and air cushions to ensure the protection of goods during shipping and transportation. According to the US Department of Commerce estimate in 2018, consumers spent $513.6 billion on online shopping, up 14.2% from 2017.
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Table of Contents Covered in the report are:
1. Executive Summary
1.1. Global Market Outlook
1.2. Key Market Characteristics
1.3. Fact.MR Analysis and Recommendations
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Market Background
3.1. Key Trends Impacting the Market
3.2. Product Innovation Trends
3.3. Market Dynamics
3.3.1. Market Driver
3.3.2. Market Restraints
3.4. Key Opportunities
3.5. Policy and Regulatory Landscape
3.6. Supply Chain Assessment
3.7. Porter's Five Forces Analysis
3.8. Investment Feasibility Assessment
3.9. Plastic Protective Packaging Market Scenario Forecast
3.10. Macro-Economic Factors
3.10.1. Global per capita GDP growth outlook
3.10.2. Urbanization level, growth and forecast across key countries
3.10.3. Per capita expenditure on recreation across key countries
3.10.4. Industrial Production (annual variation) across key countries
3.10.5. Public debt (% of GDP), by country
3.10.6. Inflation Rate, by country
3.10.7. Trade balance across key countries
3.10.8. International reserves in key countries
3.10.9. External debt (% of GDP)
4. Global Plastic Protective Packaging Market Analysis and Forecast
4.2. Historical Market Value (US$ Mn) Volume ('000 Tons) Analysis, 2013-2017
4.3. Current and Future Market Value (US$ Mn) Volume ('000 Tons) Projections, 2018-2028
4.4. Forecast Factors
5. Global Plastic Protective Packaging Market - Pricing Analysis
5.1. Regional Pricing Analysis By Material Type
5.2. North America Pricing Analysis By Material Type
5.3. Latin America Pricing Analysis By Material Type
5.4. Europe Pricing Analysis By Material Type
5.5. South Asia Pricing Analysis By Material Type
5.6. East Asia Pricing Analysis By Material Type
5.7. Oceania Pricing Analysis By Material Type
5.8. MEA Pricing Analysis By Material Type
6. Global Plastic Protective Packaging Market Analysis and Forecast, by Material Type
6.2. Global Plastic Protective Packaging Market Value and Volume Analysis and Forecast, by Material Type
6.2.1. Air Cushion
6.2.2. Plastic Mailer
6.2.3. Bubble Packaging
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