This report provides a quantitative analysis of the current trends, estimations, and dynamics through 2017-2023, which assists to identify the prevailing market opportunities.
Pune, Maharashtra -- (SBWIRE) -- 08/29/2017 -- Protective packaging is embraced in various applications such as food, electronics, and pharmaceutical industries. Protective packaging can be classified on the basis of product type into three main segments namely rigid, foam, and flexible. In addition, protective packaging provides solutions, which protects industrial products, machinery, and equipment from damage during storage and shipping. Moreover, protective packaging offers protection in the form of blocking and bracing, flexible cushioning, protective containment, void fill, wrapping, and surface protection.
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This report projects the trends and opportunities of the global protective packaging market. It includes a qualitative and quantitative analysis with comprehensive research methodologies and reliable projections to understand the present overview and predict the market behavior during the forecast period. Our research teams have used various industry oriented measures, which include industry-related expert interviews to obtain key information and valuables, secondary resources and directories, such as industrial databases, journals, magazines, and primary resources.
The global protective packaging market is expected to witness enormous growth in future owing to rapid boom of ecommerce industry and improvement of manufacturing industry. Moreover, rise in trend of online shopping boosts the overall growth of the ecommerce industry, which in turn makes way for the market growth. Furthermore, increase in investments in R&D activities is expected to contribute toward market growth owing to the use of recyclable materials. Increase in utilization of protective mailers by entrepreneurs to integrate inflated air pillows and fill the void material is another factor that boosts the market growth. However, increase in cost of raw materials is expected to hinder the market growth during the forecast period. Environmental regulations on non-renewable fossil-fuel feed stocks used for packaging is expected to restrict the market growth.
The global protective packaging markets market is segmented based on material type, product type, function, end-user industry, and geography. Key market players in this sector include Pro-Pac Packaging Limited, DS Smith Plc, Huhtamaki OYJ, Rocktenn Company, The Dow Chemical Company, Pregis Corporation, Sonoco Products Company, BASF SE, Cascades Corporation, and Sealed Air Corporation.
Protective Packaging Market Key Segments:
By Material Type
- Foam Plastics
- Paper & Paperboard
- Others (Wood and Glass)
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By Product Type
- Blocking and Bracing
By End-User Industry
- Food & Beverage
- Consumer Electronics
- Industrial Goods
- Household Appliances