Protective Packaging Market To Surpass USD 32 Billion By The End Of 2024

By Goldstein Research || 2018-02-02 7:07:49 AM

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Increasing environmental concerns, online shopping trend, innovative technologies, introduction of barrier coatings and demand with flexible packaging are the major drivers of global protective packaging market.

Global Protective Packaging Market Outlook 2024

The global protective packaging market was valued at USD 21.9 billion 2016 and is projected to register a CAGR of 5% and reach a valuation of USD 32.4 billion by the end of the forecast period 2016-2024. 

Asia Pacific is expected to hold the largest share in the protective packaging market of over 35% during the forecast period owing to rising internet penetration and a rising middle class population, especially in China and India, are set to increase the size of online sales.

Secure the Valuables with Protective Packaging

Foam cushioning is used to fabricate and manufacture foam protection in the form of end caps, corner protectors, layer pads, cushioned pallets and block & brace. Foam materials used in packing includes polyethylene, polyurethane, cross-link polyethylene, polypropylene, laminated products, polystyrene and dunnage. Whether packaging single or multiple, small or large, light or heavy products, we use proven scientific methods to provide fit-for-purpose, cost efficient and sustainable packaging solutions.   

 “Global Protective Packaging Market Outlook  2024” contains detailed overview of the global protective packaging market in terms of market segmentation by product type, by function and by end use industry.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

Global protective packaging market report also provides competitive outlook for some of the major players which includes profiling of companies such as Storopack, Sealed Air Corp, Ranpak Corp, Pregis Packaging Systems, Polyair, Automated Packaging Systems Inc, Sonoco, Mold-Rite Plastics, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents comprehensive synopsis on the global protective packaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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