Growing E-commerce Businesses and Shipping Companies to Grow Loose-fill Peanut Market
The term "packing peanuts" refers to foam pieces used for filling space and protecting goods during shipping or packing. Although peanuts are typically made with foam, manufacturers are also adopting ways to make them biodegradable and earth-friendly, at the same time.
As shippers try to find safer ways to ship goods, packing peanuts are a great way to ensure that their goods are packed safely. Businesses of all sizes use them for shipping items to customers, regardless of their size in the market.
Loose-fill peanuts are experiencing rapid growth due to the expansion of e-commerce and shipment businesses in the market. In addition, depending on the job, many companies work with individuals wishing to store delicate items or transport their own goods.
Products that migrate or shift inside the package shouldn't be filled with loose fill materials. Shifting products within the package could increase their likelihood of being damaged since loose-fill materials can also shift during distribution, which can increase the chances of the product being damaged.
OPSN, Expanded Polystyrene Peanuts, are loose fill materials that generate static electricity and cause electronic items to malfunction. Packing peanuts that have anti-static properties are recommended when packing electronic devices. To avoid packing peanuts inflicting damage to the product, manufacturers wrap the product with plastic bags, foam sheets, or other materials.
The high flexibility of loose-fill peanuts makes them suitable for use in many applications including automated filling systems. They are highly sought after in the market due to their extreme cost efficiency, high yields, and long storage life. They are also low in density which makes them easier to transport.
This market is growing significantly due to the high level of recycling of peanuts that do not cause contamination of groundwater. Additionally, they do not contain any CSC or other chemicals, so they can also be used for packaging food.
Due to their low production costs and ability to protect items in standard-size corrugated shipping containers, packing peanuts continue to be consumers' and suppliers' preferred packaging materials. Custom boxes are normally more expensive, so this eliminates their use. Fortunately, biodegradable packing peanuts are now available as an eco-friendly substitute for traditional polystyrene peanuts due to the increase in concerns over the impacts of plastics on the planet.
As a result of the mess they make when packaged and the long time they adhere to clothing once opened, peanuts used in loose-fill packaging are often regarded as a nuisance in the market. There are approximately 2.4 million tons of waste generated each year in the UK due to the use of plastic for the packaging alone, which is one of the reasons consumers and manufacturers are seeking out eco-friendly packaging products in the market.
The global protective packaging market is worth over US$ 20 billion and is expected to grow at a CAGR of over 5%. The demand for protective packaging is expected to dominate the overall protective packaging market over the forecast period. Loose fill peanuts is a protective packaging solution used to stabilize the products during transit.
Loose fill peanuts acts as a shock proof for delicate and fragile products. Loose-fill peanuts is gaining traction among manufacturers, retailers, and logistics service providers due to high level of protection at low cost. Loose fill peanuts are considered environment friendly compared to other bulkier alternatives.
Moreover, the shock absorption capability of loose-fill peanuts delivers a greater level of protection which is unequalled by other types of protective packaging solution. It is often regarded as superior to other manufacturing materials such as moulded pulp, corrugated paperboard, or moulded foam.
Loose-fill peanuts are an efficient and protective packaging solution mainly used for the stability and safe transit of the products. Loose-fill peanuts ensures safety of products by providing shatter proof solutions for delicate products such as electronics, glass items, products made up of clay, etc.
Global population of internet users is increasingly resulting in the growth of consumer preferences towards e-commerce. Increasing penetration of modern trade and e-commerce has resulted in more consumers availing online retail services. This is attributed to the convenience associated with money transaction, product shipment, and delivery.
This, in turn, is expected to boost the growth of global loose-fill peanuts market. The lightweight loose-fill peanuts helps in reducing the material as well as shipping costs as they fill the larger voids without increasing the overall weight of the package. Loose-fill solutions are easy to operate, and can be inflated directly resulting in eliminating the need of sealing.
This helps the manufacturers achieve reduction in labour cost. The growing demand of consumer electronic good over the past few years has increased the need of loose-fill peanuts as cushioning solutions due to availability of raw materials at relatively low cost.
Loose-fill peanuts offers more bundle securing and leaves no deposit on the products resulting in the neat and clean delivery of the products. Loose-fill peanuts conforms itself to shape of the packed object providing efficient protective solution resulting in increase of shelf life of the product.
Loose-fill peanuts market has been segmented on the basis of the region into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. Western Europe is expected to dominate the market share of loose-fill peanuts owing to rise in consumer preference towards online purchasing.
Western Europe is followed by North America due to increase in shipping and logistics in the region. APAC is anticipated to register highest growth rate in loose-fill peanuts market due to increase in internet users in the region.
Some of the key players in the global loose-fill peanuts market are Smurfit Kappa Group, Sealed Air Corporation, Storopack Hans Reichenecker GmbH, Free-Flow Packaging International, Inc. and Nefab Group.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Loose-fill peanuts market has been segmented on the basis of material, color and end uses.
On the basis of material, loose-fill peanuts are segmented into
On the basis of color, loose-fill peanuts has been segmented into
On the basis of end use, loose-fill peanuts has been segmented into
Explore Similar Insights
Loose-fill Peanuts Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
