The global protective packaging market was valued at USD 23.14 Billion in 2016, and is projected to reach USD 32.02 Billion by 2022, at a CAGR of 5.67%. The base year considered for the study is 2016 with the market size projected from 2017 to 2022. The primary objective of the study is to define, segment, and project the market size on the basis of type, material, function, application, and region.
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The study also aims at strategically analyzing micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market. It also provides detailed information about the main factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). In addition to this, the study analyzes competitive developments such as acquisitions, new product launches, and expansions in the market.
- Manufacturers of protective packaging
- Importers and exporters of protective packaging
- Traders, distributors, and suppliers of protective packaging
- End users (food & beverage, healthcare, industrial goods, automotive, household appliances, and consumer electronics industries)
Based on region, the market has been segmented as follows:
- North America
- Eastern Europe
- Western Europe
- Asia Pacific
- South America
- Middle East
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♦ Leading Key Players –
High initial capital investments have caused an unfavourable impact on the profitability of the packaging industry. The global protective packaging market is dominated by players such as Smurfit Kappa Group (Ireland), Sealed Air Corporation (US), Sonoco Products Company (US), WestRock (US), Huhatamaki (Finland), Ranpak (US), Pregis Corporation (US), Pro-Pac Packaging (Australia), Storopack Hans Reichenecker (Germany), Dow (US), and DS Smith (UK). These players adopted various strategies such as acquisitions, expansions, and new product launches to cater to the needs of the market.