Protective Packaging Market Forecasts to 2028 – Global Analysis By Material (Plastic, Paper, Metal), Application (Household Appliances, Industrial Goods, Food & Beverage, Automotive, Healthcare, E-Commerce), and By Geography
According to Stratistics MRC, the Global Protective Packaging market is accounted for $31.25 billion in 2020 and is expected to reach $56.99 billion by 2028 growing at a CAGR of 7.8% during the forecast period. Some of the key factors propelling the market growth include increasing adoption for protective packaging across end-use industry such as food & beverage and healthcare, increasing manufacturing activities, rapid growth in demand for the conveniently packaged products, and stringent government regulation related to food & beverage product packaging quality. However, fluctuating raw materials cost is hindering the market growth.
Protective packaging offer protection to the products and prevents them these products from external environment and human carelessness. Protective packaging provides fireproofing, electrical insulation, vibration or shock dampening, and vapor or moisture protection for products. Protective packaging offers two key benefits such as reduction in damage and cost saves. In addition, protective packaging offers key benefits such as assurance through supporting and blocking, adaptable padding, void fill, protective control, surface security, and wrapping. Protective packaging is involved in various applications including electronics, pharmaceutical, and food industries. Moreover, protective packaging offers solutions, which protects various industrial machineries, products, and equipment from damage during shipping and storage.
By application, the food & beverages segment is projected to grow at the highest rate due to the high demand for food & beverage packaging as it offers durability, product protection, and extends the shelf life of the product. Protective packaging for food & beverage products reduces the possibility of product contamination & damage. It also protects products from moisture, gas, light, and temperature. Protective packaging helps to maintain the quality and consistency of food products while extending their shelf life without the use of preservatives. Besides this, innovative concepts in the food and beverage market related to the on-demand recipes and ready-to-cook food are also strong influencers driving the growth to the market.
On the basis of geography, Asia Pacific region is expected to have considerable market growth during the forecast period, due to the large customer base for household appliances and consumer electronics, due to the growth in population in countries of this region. Countries such as China and India are predicted to witness the highest growth within the region. Manufacturers are focusing on developing low-cost protective packaging options. Rapidly growing electronics industry and e-commerce sector and increasing the demand for paper & paperboard packaging, which includes folding, corrugated board or cardboard, protective mailers and others are some of the key factors accelerating the market growth. Moreover, higher disposable income in developing countries such as India, China, and Indonesia increases the purchasing power of customers. Hence, consumer dependence on processed, pre-cooked and packed foods is likely to increase. As a result, protective packaging market has been impacted, positively.
Some of the key players in Protective Packaging Market include Smurfit Kappa Group, Winpak Ltd., DS Smith Plc, Sealed Air Corporation, Crown Holdings Inc., Cascades Inc., Sonoco Products Company, Kureha Corporation, Coveris Holdings S.A., The DOW Chemical Company, Pregis Corporation, Westrock, Intertape Polymer Group Inc., Huhtamaki Group, International Paper Company, Litco International, Inc., and Bayer AG.
Estimated Market Size in 2020:
USD 31.25 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 56.99 billion
Tables, Graphs & Figures
Material, Type, Function, Application, and Sales Channel
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Foam Plastics
• Paper & Paperboard
• Other Materials
• Rigid Protective Packaging
• Flexible Protective Packaging
• Foam Protective Packaging
• Other Types
• Blocking & Bracing
• Cold Chain Solutions
• Surface Protection
• Other Functions
• Household Appliances
• Industrial Goods
• Consumer Usable
• Food & Beverage
• Durable Goods
• Nondurable Goods
• Personal Care
• Other Applications
Sales Channels Covered:
• Direct Sales
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- 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
Key Questions Answered In The Report
The Global Protective Packaging Market is majorly driven by increasing trend of e-commerce, increasing global manufacturing output, continuous technological advancements, and consumer spending on packaged goods.
The food & beverages segment is growing at a highest CAGR owing to the high demand for food & beverage packaging as it offers durability, product protection, and extends the shelf life of the product.
Asia Pacific dominated with a significant market share due to the increase in demand for protective packaging in China and India coupled with the growth in the food & beverage industry in these countries, rising demand from e-commerce industry for the protection of shipped products, and improvements in manufacturing activities in Asia Pacific.
Europe market is growing at a highest CAGR owing to increased emphasis on product quality, steady rise in manufacturing output across Europe, and growth in end-user verticals, such as food and beverage, healthcare, and beauty and personal care.
Key players in Protective Packaging Market include Smurfit Kappa Group, Winpak Ltd., DS Smith Plc, Sealed Air Corporation, Crown Holdings Inc., Cascades Inc., Sonoco Products Company, Kureha Corporation, Coveris Holdings S.A., The DOW Chemical Company, Pregis Corporation, Westrock, Intertape Polymer Group Inc., Huhtamaki Group, International Paper Company, Litco International, Inc., and Bayer AG.
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