Protective Packaging Market Size, Trends and Insights By Material Type (Paper, Plastic, Others), By Packaging Type (Foam Protective Packaging, Flexible Protective Packaging, Rigid Protective Packaging), By Function Type (Wrapping, Void Fill, Insulation, Cushioning, Blocking & Bracing), By End Use Industry (Food and Beverage, Industrial, Pharmaceuticals, Consumer Electronics, Beauty and Home Care, Other End-user Verticals), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI39280

Published Date: January 2024

Pages: 320+

Category: Packaging & Transport

Report Snapshot

CAGR: 4.80%
33.4B
2022
35.4B
2023
53.4B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • ACH Foam Technologies Inc
  • Advanced Protective Packaging Ltd.
  • BASF SE
  • Cascades Inc.
  • DS Smith Plc
  • Others

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Reports Description

Global Protective Packaging Market was valued at USD 35,4 Billion in 2022 and is expected to reach USD 53.4 Billion by 2032, at a CAGR of 4.80% during the forecast period 2023 – 2032

Protective packaging has been in use since the creation of kraft paper packaging in the late 1800s. Protective packaging is used in a variety of industries, including automotive, consumer electronics, aerospace, electronics, and pharmaceuticals.

It relates to the use of various packaging materials to protect core products from damage during transportation and storage. Protective packaging is available in three forms such as flexible protective packaging solutions, rigid protective packaging solutions, and foam protective packaging solutions.

Market Drivers

Growing E-commerce Industry

The e-commerce industry has a significant positive impact on the protective packaging market. The growth in the e-commerce sector has increased the demand for protective packaging materials to protect products during shipping and delivery.

Leading e-commerce companies such as Amazon, Alibaba, and Flipkart use protective packaging to ensure that the products are not damaged during delivery, shipping and other logistics processes. Increased online shopping and growth in international trade are increasing the demand for protective packaging.

For instance, according to the International Trade Administration, the E-commerce industry in the U.S. was valued at USD 910 Bn in 2023 and is expected to reach USD 1244 Bn by 2025, which in turn is expected to propel the protective packaging demand during the forecast period.

Furthermore, new product development such as waterproof paper is designed to resist damage when exposed to water. This makes packaging more suitable for e-commerce products such as flowers, detergents, vegetables, and fruits.

Advancement in Technology

Technological advancements in materials and manufacturing processes contribute significantly to the growth of the protective packaging market. Innovations in materials engineering, such as the development of lightweight and durable packaging materials, enhance the protective capabilities of packaging solutions while reducing overall packaging weight and waste.

Furthermore, advanced technologies also contribute to the customization and optimization of protective packaging, meeting the specific needs of diverse industries. Smart packaging solutions with features like tracking, temperature control, or shock-sensing capabilities further enhance the value proposition for businesses.

Increasing integration and utilization of automation, robotics and other emerging technologies in the packaging process has improved efficiency, reduced production time, and enhanced the accuracy of packaging operations.

For instance, leading manufacturers of protective packaging such as Sealed Air Corporation, Sonoco Products Company, Smurfit Kappa Group plc, DS Smith plc and Packaging Corporation of America are using automated protective packaging equipment and machines.

These helped businesses improve labour efficiency, maximize raw material use, reduce waste and maximize floor space, which in turn enhanced overall production of protective packaging, thereby boosting market growth.

Market Restraints

Stringent Rules for Packaging Materials

Stringent regulations governing the use of protective packaging materials, especially those related to environmental concerns and recyclability are restraining the protective packaging market during the forecast period.

Governments and international bodies have imposed restrictions on the use of certain packaging materials, prompting manufacturers to invest in more sustainable and eco-friendly alternatives.

Compliance with regulations often requires adjustments in manufacturing processes and materials used, which in turn increases overall production costs, thereby prices of protective packaging. Thus increasing prices of protective packaging due to such regulations is restraining the market growth.

To overcome such restraints companies operating in the protective packaging market need to invest in research and development to find innovative, compliant solutions, balancing the need for protective packaging with environmental sustainability.

Global Protective Packaging Market 2023–2032 (By Material Type)

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Market Opportunities

Globalization and International Trade

The global protective packaging market is experiencing a significant market opportunity driven due to increasing globalization and international trade. As businesses expands their reach across borders, the demand for protective packaging solutions has surged.

The interconnectedness of economies and the rise in international trade activities have propelled the need for efficient packaging that ensures the safe transportation of goods.

Globalization has led to increased movement of products across various countries, sub regions and regions. This rapidly evolving and dynamic business landscape has created a heightened awareness among businesses regarding the importance of protective packaging to safeguard their product during the transportation and logistics process.

The demand for protective packaging is increasing in the international shipping industry. For instance, according to the United Nations Conference On Development and Trade, the value of international trade was valued at around US$ 32 trillion by the end of 2022, an increase of 26% compared to the pre-pandemic levels of 2019.

Thus, such a rapidly boosting international trade industry is expected to drive the demand for protective packaging during the forecast period.

Protective Packaging Market Segmentation Analysis

Global Protective Packaging market is segmented by product type, Material type, Function type and end use industry.

By the material type, the protective packaging market is segmented into plastic, paper and other products. Among these, Plastic dominated the global protective packaging market in 2022 and is expected to keep its dominance during the forecast period due to its versatility, cost-effectiveness and ability to offer effective barrier protection against various environmental factors.

Plastic protective packaging ensures the durability and longevity of packaged goods, making it the preferred choice for a wide range of industries.

By packaging type, the Protective packaging market is segmented into foam, flexible and rigid protective packaging. Flexible protective packaging dominated the global protective plastic market in 2022 due to its lightweight nature, cost-effectiveness, and ability to conform to various shapes and sizes. It is used across many industries such as food, pharmaceuticals, electronics and others.

By end use industry, the protective packaging market is segmented into food and beverage, industrial, pharmaceutical, consumer electronics, beauty and home care and other end uses industries. Among all of these, the food and beverage sector held the largest market share in 2022 and is expected to keep its dominance during the forecast period.

In the food and beverage industry, protective packaging is used to maintain the quality and safety of various products such as baked goods and frozen food and dairy products. The packaging protects the goods from gross damage during transportation and keeps them safe.

Furthermore, the rapidly expanding food & beverage industry across the globe is driving the market. According to the report published by India Brand Equity, the Indian F&B industry would expand at a CAGR of 12.5%, contributing 3% of India’s GDP in the retail market expected to boost the demand for protective packaging during the forecast period.

Global Protective Packaging Market 2023–2032 (By Function Type)

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Protective Packaging Market Regional Insight

By Region Asia Pacific, held dominated the market with a market share of 43.00% in 2022 and is expected to keep its dominance during the forecast period. The Asia Pacific protective packaging market is driven by due to various factors such as robust industrialization and economic growth in countries and sub regions such as China, India, South Korea, and ASEAN are increasing the demand for protective plastic materials in various sectors such as manufacturing, construction, and packaging.

Furthermore, the Asia Pacific region benefits from a large consumer base, which has led to the increased use of protective packaging in various goods.

An increasing awareness of environmental concerns has increased the demand for sustainable and eco-friendly packaging solutions, which in turn drives the adoption of recyclable and biodegradable protective packaging properties in the Asia-Pacific region.

North America held the second largest market share in the global protective packaging market due to stringent regulations and government initiatives to promote the use of protective packaging for the safety and hygiene of food & beverages, pharmaceutical products and others.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 35.4 Billion
Projected Market Size in 2032 USD 53.4 Billion
Market Size in 2022 USD 33.4 Billion
CAGR Growth Rate 4.80% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Material Type, Packaging Type, Function Type, End Use Industry and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Protective Packaging Market Competitive Landscape

  • ACH Foam Technologies Inc
  • Advanced Protective Packaging Ltd.
  • BASF SE
  • Cascades Inc.
  • DS Smith Plc
  • EcoEnclose
  • Huhtamaki OYJ
  • International Paper Company
  • Intertape Polymer Group (IPG)
  • Packaging Corporation of America
  • Point Five Packaging
  • Pregis Corporation
  • Pregis LLC
  • Pro-Pac Packaging Limited
  • Ranpak Corp
  • Sealed Air Corporation
  • Smurfit Kappa Group Plc.
  • Sonoco Products Company
  • Storopack Hans Reichenecker Gmbh
  • Universal Protective Packaging Inc.
  • WestRock Company
  • Others

These key players are adopting various organic and inorganic growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.

For instance, in September 2023, Sonoco Products Company acquired RTS Packaging, LLC, formerly held by joint venture partner WestRock. Through this acquisition, Sonoco will strengthen and expand its footprint in the United States, Mexico, and South America.

Global Protective Packaging Market 2023–2032 (By Billion)

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Global Protective Packaging Market Segmentation

By Material Type

  • Paper
  • Plastic
  • Others

By Packaging Type

  • Foam Protective Packaging
  • Flexible Protective Packaging
  • Rigid Protective Packaging

By Function Type

  • Wrapping
  • Void Fill
  • Insulation
  • Cushioning
  • Blocking & Bracing

By End Use Industry

  • Food and Beverage
  • Industrial
  • Pharmaceuticals
  • Consumer Electronics
  • Beauty and Home Care
  • Other End-user Verticals

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Protective Packaging Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Protective Packaging Market: snapshot
  • Chapter 3. Global Protective Packaging Market – Industry Analysis
    • 3.1 Protective Packaging Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increasing E-commerce Industry
      • 3.2.2 Advancement in Technology.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Material Type
      • 3.7.2 Market Attractiveness Analysis By Packaging Type
      • 3.7.3 Market Attractiveness Analysis By Function Type
      • 3.7.4 Market Attractiveness Analysis By End Use Industry
  • Chapter 4. Global Protective Packaging Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Protective Packaging Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Protective Packaging Market – Material Type Analysis
    • 5.1 Global Protective Packaging Market Overview: By Material Type
      • 5.1.1 Global Protective Packaging Market Share, By Material Type, 2022 and 2032
    • 5.2 Paper
      • 5.2.1 Global Protective Packaging Market by Paper, 2023 – 2032 (USD Billion)
    • 5.3 Plastic
      • 5.3.1 Global Protective Packaging Market by Plastic, 2023 – 2032 (USD Billion)
    • 5.4 Others
      • 5.4.1 Global Protective Packaging Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 6. Global Protective Packaging Market – Packaging Type Analysis
    • 6.1 Global Protective Packaging Market Overview: By Packaging Type
      • 6.1.1 Global Protective Packaging Market Share, By Packaging Type, 2022 and 2032
    • 6.2 Foam Protective Packaging
      • 6.2.1 Global Protective Packaging Market by Foam Protective Packaging, 2023 – 2032 (USD Billion)
    • 6.3 Flexible Protective Packaging
      • 6.3.1 Global Protective Packaging Market by Flexible Protective Packaging, 2023 – 2032 (USD Billion)
    • 6.4 Rigid Protective Packaging
      • 6.4.1 Global Protective Packaging Market by Rigid Protective Packaging, 2023 – 2032 (USD Billion)
  • Chapter 7. Global Protective Packaging Market – Function Type Analysis
    • 7.1 Global Protective Packaging Market Overview: By Function Type
      • 7.1.1 Global Protective Packaging Market Share, By Function Type, 2022 and 2032
    • 7.2 Wrapping
      • 7.2.1 Global Protective Packaging Market by Wrapping, 2023 – 2032 (USD Billion)
    • 7.3 Void Fill
      • 7.3.1 Global Protective Packaging Market by Void Fill, 2023 – 2032 (USD Billion)
    • 7.4 Insulation
      • 7.4.1 Global Protective Packaging Market by Insulation, 2023 – 2032 (USD Billion)
    • 7.5 Cushioning
      • 7.5.1 Global Protective Packaging Market by Cushioning, 2023 – 2032 (USD Billion)
    • 7.6 Blocking & Bracing
      • 7.6.1 Global Protective Packaging Market by Blocking & Bracing, 2023 – 2032 (USD Billion)
  • Chapter 8. Global Protective Packaging Market – End Use Industry Analysis
    • 8.1 Global Protective Packaging Market Overview: By End Use Industry
      • 8.1.1 Global Protective Packaging Market Share, By End Use Industry, 2022 and 2032
    • 8.2 Food and Beverage
      • 8.2.1 Global Protective Packaging Market by Food and Beverage, 2023 – 2032 (USD Billion)
    • 8.3 Industrial
      • 8.3.1 Global Protective Packaging Market by Industrial, 2023 – 2032 (USD Billion)
    • 8.4 Pharmaceuticals
      • 8.4.1 Global Protective Packaging Market by Pharmaceuticals, 2023 – 2032 (USD Billion)
    • 8.5 Consumer Electronics
      • 8.5.1 Global Protective Packaging Market by Consumer Electronics, 2023 – 2032 (USD Billion)
    • 8.6 Beauty and Home Care
      • 8.6.1 Global Protective Packaging Market by Beauty and Home Care, 2023 – 2032 (USD Billion)
    • 8.7 Other End-user Verticals
      • 8.7.1 Global Protective Packaging Market by Other End-user Verticals, 2023 – 2032 (USD Billion)
  • Chapter 9. Protective Packagings Market – Regional Analysis
    • 9.1 Global Protective Packagings Market Regional Overview
    • 9.2 Global Protective Packagings Market Share, by Region, 2022 & 2032 (USD Billion)
    • 9.3. North America
      • 9.3.1 North America Protective Packagings Market, 2023 – 2032 (USD Billion)
        • 9.3.1.1 North America Protective Packagings Market, by Country, 2023 – 2032 (USD Billion)
    • 9.4 North America Protective Packagings Market, by Material Type, 2023 – 2032
      • 9.4.1 North America Protective Packagings Market, by Material Type, 2023 – 2032 (USD Billion)
    • 9.5 North America Protective Packagings Market, by Packagings Type, 2023 – 2032
      • 9.5.1 North America Protective Packagings Market, by Packagings Type, 2023 – 2032 (USD Billion)
    • 9.6 North America Protective Packagings Market, by Function Type, 2023 – 2032
      • 9.6.1 North America Protective Packagings Market, by Function Type, 2023 – 2032 (USD Billion)
    • 9.7 North America Protective Packagings Market, by End Use Industry, 2023 – 2032
      • 9.7.1 North America Protective Packagings Market, by End Use Industry, 2023 – 2032 (USD Billion)
    • 9.8. Europe
      • 9.8.1 Europe Protective Packagings Market, 2023 – 2032 (USD Billion)
        • 9.8.1.1 Europe Protective Packagings Market, by Country, 2023 – 2032 (USD Billion)
    • 9.9 Europe Protective Packagings Market, by Material Type, 2023 – 2032
      • 9.9.1 Europe Protective Packagings Market, by Material Type, 2023 – 2032 (USD Billion)
    • 9.10 Europe Protective Packagings Market, by Packagings Type, 2023 – 2032
      • 9.10.1 Europe Protective Packagings Market, by Packagings Type, 2023 – 2032 (USD Billion)
    • 9.11 Europe Protective Packagings Market, by Function Type, 2023 – 2032
      • 9.11.1 Europe Protective Packagings Market, by Function Type, 2023 – 2032 (USD Billion)
    • 9.12 Europe Protective Packagings Market, by End Use Industry, 2023 – 2032
      • 9.12.1 Europe Protective Packagings Market, by End Use Industry, 2023 – 2032 (USD Billion)
    • 9.13. Asia Pacific
      • 9.13.1 Asia Pacific Protective Packagings Market, 2023 – 2032 (USD Billion)
        • 9.13.1.1 Asia Pacific Protective Packagings Market, by Country, 2023 – 2032 (USD Billion)
    • 9.14 Asia Pacific Protective Packagings Market, by Material Type, 2023 – 2032
      • 9.14.1 Asia Pacific Protective Packagings Market, by Material Type, 2023 – 2032 (USD Billion)
    • 9.15 Asia Pacific Protective Packagings Market, by Packagings Type, 2023 – 2032
      • 9.15.1 Asia Pacific Protective Packagings Market, by Packagings Type, 2023 – 2032 (USD Billion)
    • 9.16 Asia Pacific Protective Packagings Market, by Function Type, 2023 – 2032
      • 9.16.1 Asia Pacific Protective Packagings Market, by Function Type, 2023 – 2032 (USD Billion)
    • 9.17 Asia Pacific Protective Packagings Market, by End Use Industry, 2023 – 2032
      • 9.17.1 Asia Pacific Protective Packagings Market, by End Use Industry, 2023 – 2032 (USD Billion)
    • 9.18. Latin America
      • 9.18.1 Latin America Protective Packagings Market, 2023 – 2032 (USD Billion)
        • 9.18.1.1 Latin America Protective Packagings Market, by Country, 2023 – 2032 (USD Billion)
    • 9.19 Latin America Protective Packagings Market, by Material Type, 2023 – 2032
      • 9.19.1 Latin America Protective Packagings Market, by Material Type, 2023 – 2032 (USD Billion)
    • 9.20 Latin America Protective Packagings Market, by Packagings Type, 2023 – 2032
      • 9.20.1 Latin America Protective Packagings Market, by Packagings Type, 2023 – 2032 (USD Billion)
    • 9.21 Latin America Protective Packagings Market, by Function Type, 2023 – 2032
      • 9.21.1 Latin America Protective Packagings Market, by Function Type, 2023 – 2032 (USD Billion)
    • 9.22 Latin America Protective Packagings Market, by End Use Industry, 2023 – 2032
      • 9.22.1 Latin America Protective Packagings Market, by End Use Industry, 2023 – 2032 (USD Billion)
    • 9.23. The Middle-East and Africa
      • 9.23.1 The Middle-East and Africa Protective Packagings Market, 2023 – 2032 (USD Billion)
        • 9.23.1.1 The Middle-East and Africa Protective Packagings Market, by Country, 2023 – 2032 (USD Billion)
    • 9.24 The Middle-East and Africa Protective Packagings Market, by Material Type, 2023 – 2032
      • 9.24.1 The Middle-East and Africa Protective Packagings Market, by Material Type, 2023 – 2032 (USD Billion)
    • 9.25 The Middle-East and Africa Protective Packagings Market, by Packagings Type, 2023 – 2032
      • 9.25.1 The Middle-East and Africa Protective Packagings Market, by Packagings Type, 2023 – 2032 (USD Billion)
    • 9.26 The Middle-East and Africa Protective Packagings Market, by Function Type, 2023 – 2032
      • 9.26.1 The Middle-East and Africa Protective Packagings Market, by Function Type, 2023 – 2032 (USD Billion)
    • 9.27 The Middle-East and Africa Protective Packagings Market, by End Use Industry, 2023 – 2032
      • 9.27.1 The Middle-East and Africa Protective Packagings Market, by End Use Industry, 2023 – 2032 (USD Billion)
  • Chapter 10. Company Profiles
    • 10.1 ACH Foam Technologies Inc
      • 10.1.1 Overview
      • 10.1.2 Financials
      • 10.1.3 Product Portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 Advanced Protective Packaging Ltd.
      • 10.2.1 Overview
      • 10.2.2 Financials
      • 10.2.3 Product Portfolio
      • 10.2.4 Business Strategy
      • 10.2.5 Recent Developments
    • 10.3 BASF SE
      • 10.3.1 Overview
      • 10.3.2 Financials
      • 10.3.3 Product Portfolio
      • 10.3.4 Business Strategy
      • 10.3.5 Recent Developments
    • 10.4 Cascades Inc.
      • 10.4.1 Overview
      • 10.4.2 Financials
      • 10.4.3 Product Portfolio
      • 10.4.4 Business Strategy
      • 10.4.5 Recent Developments
    • 10.5 DS Smith Plc
      • 10.5.1 Overview
      • 10.5.2 Financials
      • 10.5.3 Product Portfolio
      • 10.5.4 Business Strategy
      • 10.5.5 Recent Developments
    • 10.6 EcoEnclose
      • 10.6.1 Overview
      • 10.6.2 Financials
      • 10.6.3 Product Portfolio
      • 10.6.4 Business Strategy
      • 10.6.5 Recent Developments
    • 10.7 Huhtamaki OYJ
      • 10.7.1 Overview
      • 10.7.2 Financials
      • 10.7.3 Product Portfolio
      • 10.7.4 Business Strategy
      • 10.7.5 Recent Developments
    • 10.8 International Paper Company
      • 10.8.1 Overview
      • 10.8.2 Financials
      • 10.8.3 Product Portfolio
      • 10.8.4 Business Strategy
      • 10.8.5 Recent Developments
    • 10.9 Intertape Polymer Group (IPG)
      • 10.9.1 Overview
      • 10.9.2 Financials
      • 10.9.3 Product Portfolio
      • 10.9.4 Business Strategy
      • 10.9.5 Recent Developments
    • 10.10 Packaging Corporation of America
      • 10.10.1 Overview
      • 10.10.2 Financials
      • 10.10.3 Product Portfolio
      • 10.10.4 Business Strategy
      • 10.10.5 Recent Developments
    • 10.11 Point Five Packaging
      • 10.11.1 Overview
      • 10.11.2 Financials
      • 10.11.3 Product Portfolio
      • 10.11.4 Business Strategy
      • 10.11.5 Recent Developments
    • 10.12 Pregis Corporation
      • 10.12.1 Overview
      • 10.12.2 Financials
      • 10.12.3 Product Portfolio
      • 10.12.4 Business Strategy
      • 10.12.5 Recent Developments
    • 10.13 Pregis LLC
      • 10.13.1 Overview
      • 10.13.2 Financials
      • 10.13.3 Product Portfolio
      • 10.13.4 Business Strategy
      • 10.13.5 Recent Developments
    • 10.14 Pro-Pac Packaging Limited
      • 10.14.1 Overview
      • 10.14.2 Financials
      • 10.14.3 Product Portfolio
      • 10.14.4 Business Strategy
      • 10.14.5 Recent Developments
    • 10.15 Ranpak Corp
      • 10.15.1 Overview
      • 10.15.2 Financials
      • 10.15.3 Product Portfolio
      • 10.15.4 Business Strategy
      • 10.15.5 Recent Developments
    • 10.16 Sealed Air Corporation
      • 10.16.1 Overview
      • 10.16.2 Financials
      • 10.16.3 Product Portfolio
      • 10.16.4 Business Strategy
      • 10.16.5 Recent Developments
    • 10.17 Smurfit Kappa Group Plc.
      • 10.17.1 Overview
      • 10.17.2 Financials
      • 10.17.3 Product Portfolio
      • 10.17.4 Business Strategy
      • 10.17.5 Recent Developments
    • 10.18 Sonoco Products Company
      • 10.18.1 Overview
      • 10.18.2 Financials
      • 10.18.3 Product Portfolio
      • 10.18.4 Business Strategy
      • 10.18.5 Recent Developments
    • 10.19 Storopack Hans Reichenecker Gmbh
      • 10.19.1 Overview
      • 10.19.2 Financials
      • 10.19.3 Product Portfolio
      • 10.19.4 Business Strategy
      • 10.19.5 Recent Developments
    • 10.20 Universal Protective Packaging Inc.
      • 10.20.1 Overview
      • 10.20.2 Financials
      • 10.20.3 Product Portfolio
      • 10.20.4 Business Strategy
      • 10.20.5 Recent Developments
    • 10.21 WestRock Company
      • 10.21.1 Overview
      • 10.21.2 Financials
      • 10.21.3 Product Portfolio
      • 10.21.4 Business Strategy
      • 10.21.5 Recent Developments
    • 10.22 Others.
      • 10.22.1 Overview
      • 10.22.2 Financials
      • 10.22.3 Product Portfolio
      • 10.22.4 Business Strategy
      • 10.22.5 Recent Developments
List Of Figures

Figures No 1 to 35

List Of Tables

Tables No 1 to 102

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2032

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2032
  • Market revenue estimates and forecasts up to 2032, by technology
  • Market revenue estimates and forecasts up to 2032, by application
  • Market revenue estimates and forecasts up to 2032, by type
  • Market revenue estimates and forecasts up to 2032, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • ACH Foam Technologies Inc
  • Advanced Protective Packaging Ltd.
  • BASF SE
  • Cascades Inc.
  • DS Smith Plc
  • EcoEnclose
  • Huhtamaki OYJ
  • International Paper Company
  • Intertape Polymer Group (IPG)
  • Packaging Corporation of America
  • Point Five Packaging
  • Pregis Corporation
  • Pregis LLC
  • Pro-Pac Packaging Limited
  • Ranpak Corp
  • Sealed Air Corporation
  • Smurfit Kappa Group Plc.
  • Sonoco Products Company
  • Storopack Hans Reichenecker Gmbh
  • Universal Protective Packaging Inc.
  • WestRock Company
  • Others

FAQs

The stringent regulations for Protective Packaging is major restraint in global Protective Packaging market.

The key factors driving the Market are Increasing E-commerce Industry And Advancement in Technology.

The “Paper” category dominated the market in 2022.

The key players in the market are ACH Foam Technologies Inc, Advanced Protective Packaging Ltd., BASF SE, Cascades Inc., DS Smith Plc, EcoEnclose, Huhtamaki OYJ, International Paper Company, Intertape Polymer Group (IPG), Packaging Corporation of America, Point Five Packaging, Pregis Corporation, Pregis LLC, Pro-Pac Packaging Limited, Ranpak Corp, Sealed Air Corporation, Smurfit Kappa Group Plc., Sonoco Products Company, Storopack Hans Reichenecker Gmbh, Universal Protective Packaging Inc., WestRock Company, Others.

“Asia Pacific” had the largest share in the Protective Packaging Market.

The global market is projected to grow at a CAGR of 4.80% during the forecast period, 2023-2032.

The Protective Packaging Market size was valued at USD 35.4 Billion in 2023.

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