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2020-09-01
450
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Global
Protective packaging has witnessed rising demand and popularity in recent years. This packaging protects the products from various kinds of damage by acting as a protective layer between the product and its immediate environment, and is used while transporting goods at various levels of the supply chain. It is used for both primary as well as secondary packaging.
A steep rise in online shopping and e-commerce activities has given a major boost to the packaging materials industry as more and more goods now need to be transported. Innovations in protective packing solutions and investment in Research and Development are further propelling growth in the market.
There is a rising inclination towards degradable, recyclable and environment friendly packaging materials globally. Molded pulp packaging is also regaining popularity, especially in the food and beverage industry. Appearance of the external packaging of products has also become important in recent years as it adds to the product’s appeal in the eyes of the customer.
The global protective packaging systems market is segmented as follows:
Rising internet penetration and a rising middle class population, especially in China and India, are set to increase the size of online sales. Increase in industrialization and international trade will further bolster demand for protective packaging. Accelerating urbanization and shift in global economic power to these regions is another contributing factor.
Europe and North America are also large and fast growing markets for protective packaging, after Asia Pacific. Regions with low penetration rates of e-commerce such as majority of Africa and Latin America will contribute insignificantly to the protective packaging market.
Bubble and foam packaging are the most popular of all types of protective packaging and together account for more than 60% of revenue. By end use, the food and beverage industry attracts the widest application for protective packaging, owing to delicate and perishable nature of food items and intricate packaging requirements. Food delivery companies constitute a large portion of the demand for thermal/heat resistant packaging, while grocery retailers focus on spill proof, minimal or no damage packaging for their deliverables.
Increasing popularity of online shopping worldwide, rising international trade and technological innovations in packaging techniques are the key factors driving the market for protective packaging. Demand is also increasing as businesses realize that the shipping package appearance is an important factor influencing the extent of customer satisfaction with the products.
Regulations and compliance norms for packaging of various materials, especially food items and pharmaceutical drugs, pose as challenges for players in the protective packaging markets. The US FDA Guidance on Container Closures, Standard for restriction on excessive packaging of food and cosmetics, Product Quality and Standardization Laws in China are some of the laws acting as restraints. Rising environmental concerns are also posing threat to players using non degradable materials packaging materials.
The major players of the global protective packaging market are as follows:
Market Synopsis
Market Segmentation
The global protective packaging market is segmented as follows:
The report analyzes and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Global Protective Packaging Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.
Porter’s Five Force Model
Market Landscape: Competition and Beyond
Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
Expert Analysis
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