High Pressure Protective Packaging Film Market
High Pressure Protective Packaging Film Market Forecasts to 2028 - Global Analysis By Type (Bubble Wrap, Void-fill Pillows and Other Types), Application (Medical, Aerospace, Electronics, E-commerce, Pharmaceutical, Automotive, Housewares and Other Applications) and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $32.1 BN |
|
Projected Year Value (2028) |
US $49.2 BN |
|
CAGR (2022 - 2028) |
7.3% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global High Pressure Protective Packaging Film Market is accounted for $32.1 billion in 2022 and is expected to reach $49.2 billion by 2028 growing at a CAGR of 7.3% during the forecast period. High pressure protective packaging film is a product of packaging which utilizes and stores air between its layers to add an extra layer of protection from any external factors that might affect the contents of the package. With the implementation of this packaging method, the users can achieve decline in weightage of packing as well as reduce the overall cost in transportation without compensating on the protection. Due to the presence of air in these films, a layer of protection is formed around the package without the requirement of any extra layer of rigid packaging.
Market Dynamics:
Driver:
Rising demand for safety packaging
Rising demand for safety packaging from various industries like chemical, food and beverages, automotive, and electronics is a key factor driving the market. The need of protective packaging for fragile items such as glass and other sensitive electronics devices boost the growth. Moreover, rising modernization and technological advancements in the production techniques are the major factors propelling the growth of the market.
Restraint:
Strict government regulations
People becoming more conscious regarding environment and follow the government regulations by avoiding the use of plastic which hamper the growth of the market. Furthermore, the highly flammable nature and non-disposable property of plastic, which affects the environment restricts their use globally. Highly increasing availability of other sustainable alternatives hinders the market during the projected period.
Opportunity:
Increasing demand for eco-friendly packaging materials
Increasing awareness regarding environment leads to rising environmental concern among the masses. Double-sided bubble wrap for more shock absorption and anti-static bubble wrap for packing electronics items are becoming more popular in the market. Furthermore, highly demand for the recyclable bubble wrap and the rapid technological advancement in the packaging industry projected to drive the market.
Threat:
Availability of alternatives
Increasing alternatives for high pressure protective packaging films such as paper, foam, void fillings which are comparatively light, efficient and cheap may hamper the market growth. In addition, growing environmental concerns because of the waste which is generated by protective packaging are expected to hinder the growth of the market.
Covid-19 Impact
In COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global High Pressure Protective Packaging Films market is no different, and this factor is anticipated to have a significantly negative impact on the revenue growth of this industry. Additionally, the high costs associated with the installation and maintenance of these machines is also a factor that may hamper the revenue growth of the global High Pressure Protective Packaging Films market over the course of this forecast period.
The bubble wrap segment is expected to be the largest during the forecast period
The bubble wrap segment is estimated to have a lucrative growth, due to rising demand for protective packaging. This packaging is a lightweight, durable, and low-cost material, which is considered to be an ideal option for packaging that enhances protection of objects from damage during handling, storage, and shipment. It is widely used across various industries for wrapping fragile products that requires a thick layer of support to protect from direct contact other objects. This packaging is moisture-free, soft, and flexible which makes them popular in protective packaging market that leads to generates high demand in the global market.
The e-commerce segment is expected to have the highest CAGR during the forecast period
The e-commerce segment is anticipated to witness the fastest CAGR growth during the forecast period, due to adopting new technologies such as identifying the purchasing patterns of the customers and then targeting them. In response to this, high-pressure protective packaging film providers are offering robust packaging solutions to sustain damages during handling and logistics. Hence, the demand for the e-commerce packaging for secure delivery of goods will also increase.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to increase in the manufacturing activities coupled with growing e-commerce sector, increasing emergence of new materials, rising research and development operations for innovative products and rising adoption for protective packaging in various sector in this region.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to concerns and awareness for sustainable packaging technologies. Rising concerns and awareness for sustainable packaging technologies and rising urbanization coupled with growing disposable income in this region.
Key players in the market
Some of the key players profiled in the High Pressure Protective Packaging Film Market include Fujifilm, Sealed Air Corporation, DowDuPont, Pregis LLC, Automated Packaging Systems, IVEX Protective Packaging, Supreme Industries Limited, Barton Jones Packaging, Rajapack Limited, Future Packaging and Machinery, Tarheel Paper & Supply Company, Abco Kovex, Hafliger Films and Fruth Custom Plastics.
Key Developments:
In May 2019, Sealed Air Corporation signed a definitive agreement to acquire Automated Packaging Systems, Inc for a purchase price of USD 510 million on a cash and debt-free basis. This transaction is expected to expand the customer base and strengthen the product portfolio for the Sealed Air Corporation.
In September 2018, Pregis LLC, under its Inspyre protective packaging brand, added pink and black color options to its hybrid cushioning (HC) packaging film products. HC features multiple air chambers in a proprietary square pattern that provides superior, high-pressure cushioning.
Types Covered:
• Bubble Wrap
• Void-fill Pillows
• Other Types
Applications Covered:
• Medical
• Aerospace
• Electronics
• E-commerce
• Pharmaceutical
• Automotive
• Housewares
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global High Pressure Protective Packaging Film Market, By Type
5.1 Introduction
5.2 Bubble Wrap
5.3 Void-fill Pillows
5.4 Other Types
6 Global High Pressure Protective Packaging Film Market, By Application
6.1 Introduction
6.2 Medical
6.3 Aerospace
6.4 Electronics
6.5 E-commerce
6.6 Pharmaceutical
6.7 Automotive
6.8 Housewares
6.9 Other Applications
7 Global High Pressure Protective Packaging Film Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Fujifilm
9.2 Sealed Air Corporation
9.3 DowDuPont
9.4 Pregis LLC
9.5 Automated Packaging Systems
9.6 IVEX Protective Packaging
9.7 Supreme Industries Limited
9.8 Barton Jones Packaging
9.9 Rajapack Limited
9.10 Future Packaging and Machinery
9.11 Tarheel Paper & Supply Company
9.12 Abco Kovex
9.13 Hafliger Films
9.14 Fruth Custom Plastics
List of Tables
1 Global High Pressure Protective Packaging Film Market Outlook, By Region (2020-2028) ($MN)
2 Global High Pressure Protective Packaging Film Market Outlook, By Type (2020-2028) ($MN)
3 Global High Pressure Protective Packaging Film Market Outlook, By Bubble Wrap (2020-2028) ($MN)
4 Global High Pressure Protective Packaging Film Market Outlook, By Void-fill Pillows (2020-2028) ($MN)
5 Global High Pressure Protective Packaging Film Market Outlook, By Other Types (2020-2028) ($MN)
6 Global High Pressure Protective Packaging Film Market Outlook, By Application (2020-2028) ($MN)
7 Global High Pressure Protective Packaging Film Market Outlook, By Medical (2020-2028) ($MN)
8 Global High Pressure Protective Packaging Film Market Outlook, By Aerospace (2020-2028) ($MN)
9 Global High Pressure Protective Packaging Film Market Outlook, By Electronics (2020-2028) ($MN)
10 Global High Pressure Protective Packaging Film Market Outlook, By E-commerce (2020-2028) ($MN)
11 Global High Pressure Protective Packaging Film Market Outlook, By Pharmaceutical (2020-2028) ($MN)
12 Global High Pressure Protective Packaging Film Market Outlook, By Automotive (2020-2028) ($MN)
13 Global High Pressure Protective Packaging Film Market Outlook, By Housewares (2020-2028) ($MN)
14 Global High Pressure Protective Packaging Film Market Outlook, By Other Applications (2020-2028) ($MN)
15 North America High Pressure Protective Packaging Film Market Outlook, By Country (2020-2028) ($MN)
16 North America High Pressure Protective Packaging Film Market Outlook, By Type (2020-2028) ($MN)
17 North America High Pressure Protective Packaging Film Market Outlook, By Bubble Wrap (2020-2028) ($MN)
18 North America High Pressure Protective Packaging Film Market Outlook, By Void-fill Pillows (2020-2028) ($MN)
19 North America High Pressure Protective Packaging Film Market Outlook, By Other Types (2020-2028) ($MN)
20 North America High Pressure Protective Packaging Film Market Outlook, By Application (2020-2028) ($MN)
21 North America High Pressure Protective Packaging Film Market Outlook, By Medical (2020-2028) ($MN)
22 North America High Pressure Protective Packaging Film Market Outlook, By Aerospace (2020-2028) ($MN)
23 North America High Pressure Protective Packaging Film Market Outlook, By Electronics (2020-2028) ($MN)
24 North America High Pressure Protective Packaging Film Market Outlook, By E-commerce (2020-2028) ($MN)
25 North America High Pressure Protective Packaging Film Market Outlook, By Pharmaceutical (2020-2028) ($MN)
26 North America High Pressure Protective Packaging Film Market Outlook, By Automotive (2020-2028) ($MN)
27 North America High Pressure Protective Packaging Film Market Outlook, By Housewares (2020-2028) ($MN)
28 North America High Pressure Protective Packaging Film Market Outlook, By Other Applications (2020-2028) ($MN)
29 Europe High Pressure Protective Packaging Film Market Outlook, By Country (2020-2028) ($MN)
30 Europe High Pressure Protective Packaging Film Market Outlook, By Type (2020-2028) ($MN)
31 Europe High Pressure Protective Packaging Film Market Outlook, By Bubble Wrap (2020-2028) ($MN)
32 Europe High Pressure Protective Packaging Film Market Outlook, By Void-fill Pillows (2020-2028) ($MN)
33 Europe High Pressure Protective Packaging Film Market Outlook, By Other Types (2020-2028) ($MN)
34 Europe High Pressure Protective Packaging Film Market Outlook, By Application (2020-2028) ($MN)
35 Europe High Pressure Protective Packaging Film Market Outlook, By Medical (2020-2028) ($MN)
36 Europe High Pressure Protective Packaging Film Market Outlook, By Aerospace (2020-2028) ($MN)
37 Europe High Pressure Protective Packaging Film Market Outlook, By Electronics (2020-2028) ($MN)
38 Europe High Pressure Protective Packaging Film Market Outlook, By E-commerce (2020-2028) ($MN)
39 Europe High Pressure Protective Packaging Film Market Outlook, By Pharmaceutical (2020-2028) ($MN)
40 Europe High Pressure Protective Packaging Film Market Outlook, By Automotive (2020-2028) ($MN)
41 Europe High Pressure Protective Packaging Film Market Outlook, By Housewares (2020-2028) ($MN)
42 Europe High Pressure Protective Packaging Film Market Outlook, By Other Applications (2020-2028) ($MN)
43 Asia Pacific High Pressure Protective Packaging Film Market Outlook, By Country (2020-2028) ($MN)
44 Asia Pacific High Pressure Protective Packaging Film Market Outlook, By Type (2020-2028) ($MN)
45 Asia Pacific High Pressure Protective Packaging Film Market Outlook, By Bubble Wrap (2020-2028) ($MN)
46 Asia Pacific High Pressure Protective Packaging Film Market Outlook, By Void-fill Pillows (2020-2028) ($MN)
47 Asia Pacific High Pressure Protective Packaging Film Market Outlook, By Other Types (2020-2028) ($MN)
48 Asia Pacific High Pressure Protective Packaging Film Market Outlook, By Application (2020-2028) ($MN)
49 Asia Pacific High Pressure Protective Packaging Film Market Outlook, By Medical (2020-2028) ($MN)
50 Asia Pacific High Pressure Protective Packaging Film Market Outlook, By Aerospace (2020-2028) ($MN)
51 Asia Pacific High Pressure Protective Packaging Film Market Outlook, By Electronics (2020-2028) ($MN)
52 Asia Pacific High Pressure Protective Packaging Film Market Outlook, By E-commerce (2020-2028) ($MN)
53 Asia Pacific High Pressure Protective Packaging Film Market Outlook, By Pharmaceutical (2020-2028) ($MN)
54 Asia Pacific High Pressure Protective Packaging Film Market Outlook, By Automotive (2020-2028) ($MN)
55 Asia Pacific High Pressure Protective Packaging Film Market Outlook, By Housewares (2020-2028) ($MN)
56 Asia Pacific High Pressure Protective Packaging Film Market Outlook, By Other Applications (2020-2028) ($MN)
57 South America High Pressure Protective Packaging Film Market Outlook, By Country (2020-2028) ($MN)
58 South America High Pressure Protective Packaging Film Market Outlook, By Type (2020-2028) ($MN)
59 South America High Pressure Protective Packaging Film Market Outlook, By Bubble Wrap (2020-2028) ($MN)
60 South America High Pressure Protective Packaging Film Market Outlook, By Void-fill Pillows (2020-2028) ($MN)
61 South America High Pressure Protective Packaging Film Market Outlook, By Other Types (2020-2028) ($MN)
62 South America High Pressure Protective Packaging Film Market Outlook, By Application (2020-2028) ($MN)
63 South America High Pressure Protective Packaging Film Market Outlook, By Medical (2020-2028) ($MN)
64 South America High Pressure Protective Packaging Film Market Outlook, By Aerospace (2020-2028) ($MN)
65 South America High Pressure Protective Packaging Film Market Outlook, By Electronics (2020-2028) ($MN)
66 South America High Pressure Protective Packaging Film Market Outlook, By E-commerce (2020-2028) ($MN)
67 South America High Pressure Protective Packaging Film Market Outlook, By Pharmaceutical (2020-2028) ($MN)
68 South America High Pressure Protective Packaging Film Market Outlook, By Automotive (2020-2028) ($MN)
69 South America High Pressure Protective Packaging Film Market Outlook, By Housewares (2020-2028) ($MN)
70 South America High Pressure Protective Packaging Film Market Outlook, By Other Applications (2020-2028) ($MN)
71 Middle East & Africa High Pressure Protective Packaging Film Market Outlook, By Country (2020-2028) ($MN)
72 Middle East & Africa High Pressure Protective Packaging Film Market Outlook, By Type (2020-2028) ($MN)
73 Middle East & Africa High Pressure Protective Packaging Film Market Outlook, By Bubble Wrap (2020-2028) ($MN)
74 Middle East & Africa High Pressure Protective Packaging Film Market Outlook, By Void-fill Pillows (2020-2028) ($MN)
75 Middle East & Africa High Pressure Protective Packaging Film Market Outlook, By Other Types (2020-2028) ($MN)
76 Middle East & Africa High Pressure Protective Packaging Film Market Outlook, By Application (2020-2028) ($MN)
77 Middle East & Africa High Pressure Protective Packaging Film Market Outlook, By Medical (2020-2028) ($MN)
78 Middle East & Africa High Pressure Protective Packaging Film Market Outlook, By Aerospace (2020-2028) ($MN)
79 Middle East & Africa High Pressure Protective Packaging Film Market Outlook, By Electronics (2020-2028) ($MN)
80 Middle East & Africa High Pressure Protective Packaging Film Market Outlook, By E-commerce (2020-2028) ($MN)
81 Middle East & Africa High Pressure Protective Packaging Film Market Outlook, By Pharmaceutical (2020-2028) ($MN)
82 Middle East & Africa High Pressure Protective Packaging Film Market Outlook, By Automotive (2020-2028) ($MN)
83 Middle East & Africa High Pressure Protective Packaging Film Market Outlook, By Housewares (2020-2028) ($MN)
84 Middle East & Africa High Pressure Protective Packaging Film Market Outlook, By Other Applications (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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