Packaging Peanuts Market Analysis

Packaging Peanuts Market: Drivers and Restraints

Key benefits offered by packaging peanuts are shock protection, efficient packaging, flexible packaging & storage, cost-effective void fill packaging, and bio-degradable disposal, among others. Substantial growth during the forecast period is expected to rise prominently from the demand for cushioning and void fill packaging of valuable goods during storage and transport. Protective packaging solutions such as foam packaging inserts are widely used for their effective functionality in providing cushioning and protection. Foam packaging inserts are costlier as compared to packaging peanuts. Owing to the ease of filling up void spaces in packaging, packaging peanuts are expected to continue to gain traction in the market. Packaging peanuts are tightly packed when compressed and free flow when not compressed. Apart from the effective protection it provides but has a require more warehouse space as compared to other protective packaging solutions such as air pillows (before air filling) or shredded paper etc. Packaging peanuts can’t be kept compact before use and require a designated amount of space. However, the increasing demand for void and compact filling is anticipated to fillip the growth of packaging peanuts in the global market.

Despite the positive outlook, some factors are affecting the growth of the packaging peanuts market globally. The availability of alternative protective packaging solutions such as bubble wrap, paper cushioning, shredded paper, foam inserts, etc. is giving strong completion to packaging peanuts in the global market. The availability of alternative solutions might hamper the growth of the global packaging peanuts market during the forecast period.

Packaging Peanuts Market: Regional Outlook

Geographically, the global market for Packaging Peanuts has been divided into seven key regions: North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa. Asia Pacific market is expected to spearhead in terms of consumption of protective packaging solutions which in turn expected to bolster the demand for packaging peanuts in the next couple of years.

Packaging Peanuts Market: Key Players

Key players operating in the global packaging peanuts market are President Container Inc., Puffy Stuff, Storopack Hans Reichenecker GmbH, Sealed Air Corp, AP Packaging Corp., and Nefab Group. Many local and unorganized market players are contributing to the global Packaging peanuts market during the forecast period.

The packaging peanuts market 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, macroeconomic 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.