Protective Packaging Market

Protective Packaging Market: APEJ Region Projected to Expand 1.7X in Terms of Value During the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2016 - 2026

  • REP-GB-626
  • 2017-01-09
  • 243 Pages
  • Format: pdf ppt
  • Category: Packaging

An extremely lucrative region for the global protective packaging market, North America is anticipated to register a CAGR of 5.4%

North America is expected to be the most favourable region in terms of incremental opportunities lying ahead for high revenue generation and is estimated to maintain its dominance in the global protective packaging market. The manufacturing industry remains a driving force of economic growth, productivity, and innovation in North America and affords the foundation for many other industries such as finance, retail, healthcare, technology and packaging. In terms of value, the protective packaging market in North America was valued at more than US$ 3,000 Mn in 2015 and is expected to expand close to US$ 12,000 Mn by 2026, representing an incremental opportunity of approximately US$ 5,000 Mn between 2016 and 2026.

In terms of revenue, the protective packaging market in North America is projected to expand at a CAGR of 5.4%, while sales volume is expected to increase at a CAGR of 4.5% over the forecast period. The U.S. was anticipated to account for nearly 90% share of the protective packaging market in North America by 2016. The North America region is highly regulated and is likely to create a substantial demand for protective packaging.

Growing environmental concerns are adversely affecting the development of the global protective packaging market in North America

In order to protect products from damage, manufacturers, retailers, and even logistics service providers are using large volumes of protective packaging such as bubble wraps, paper fills, loose fill peanuts, or paper/foam edges which are adding up to the waste materials after the delivering or unpacking of the products. Such increasing recyclability issues in North America are creating grave concerns regarding the environment. Another important factor creating a negative impact on the protective packaging market in North America is the frequently changing package case design configuration.

Our analysts have observed that a one-size-fit-all solution approach is rarely applicable in the protective packaging industry in the North America region. It results in reviewing, evaluating, and testing multiple solutions to ensure improvements and safety; and finding the best packaging solution for a particular product. Therefore, a continuous change in the configuration of protective packaging is another aspect that is reducing the progress of the North America protective packaging market. Use of foamed plastic for protective packaging is also badly affecting the environment as it is non-biodegradable raw material that takes years to decompose and has practically no value in the recycling stream in North America.

Flexible protective packaging anticipated to be a highly attractive segment in the North America protective packaging market

The flexible protective packaging product type segment is expected to continue its dominance in the North America protective packaging market in terms of market share over the forecast period owing to its light weight and recyclability features. This particular segment is projected to grab more than 70% of the market share in terms of revenue in the North America region. Flexible protective packaging is being adopted extensively in North America as it is considered a lightweight protective packaging solution.

global protective packaging market_image for preview analysis

Sealed Air Corporation – a leading player in the North America protective packaging market introduces innovative packaging systems

Most of the key players in the global protective packaging market are based in the North America region, mainly in U.S and in Canada. US-based Sonoco Products Company grabbed more than 60% revenue in North America in 2015. U.S based Sealed Air Corporation introduced innovative packaging systems such as bubble wrap and AirCap air cellular packaging, Cryovac performance shrink films, shanklin floWrap shrink packaging systems, jiffy mailers, korrvu suspension and retention packaging, instapak polyurethane foam packaging systems, PakNatural loose fill, and RestoreÒ Mushroom packaging.  

In the newly published report, “Protective Packaging Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” Future Market Insights reveals the market trends and dynamics in all seven regions that are expected to positively affect the current market environment and future scenario of the global protective packaging market during the forecast period, i.e. between 2016 and 2026. The first and foremost objective of this report is to offer insights into developments in the global protective packaging market that are gradually helping transform global business associated with the same. In this report, Future Market Insights analysts have considered product-wise weighted average selling price to deduce market values. Moreover, average selling price varies by material type and product type and is varied for Chinese, regional and global players – this is also taken into consideration while researching this report.

This exclusively structured report depicts the entire market scenario

The report starts with the global protective packaging market snapshot with detailed information about market value and volume. The value share of all the segments has been provided, which would be useful in estimating the opportunities in the global protective packaging market. We have also examined the market taxonomy and used our own unique analysis and then have come to a conclusion regarding the specific segment that is creating value and which should be targeted in a bid to get maximum market opportunities.

Future market Insights has also analysed market drivers, restraints, opportunities and trends that are likely to influence the growth and performance of the global protective packaging market. Furthermore, to understand the popularity of the market segment and regions, a unique market attractiveness index with elaborated insights on the same is provided, which projects the global protective packaging market’s attractiveness based on factors such as CAGR and incremental opportunity.     

Market segmentation

By Material Type

By Product Type

By Function Type

By Region

  • Foamed Packaging

  • Paper

  • Plastic

  • Foam Protective Packaging

  • Flexible Protective Packaging

  • Rigid Protective Packaging 

  • Wrapping

  • Void Fill

  • Cushioning

  • Insulation

  •  Blocking and Bracing 

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • Asia Pacific Excluding Japan (APEJ)

  • Japan

  • Middle East and Africa  (MEA)

 Future Market Insights’ unique research methodology

To ascertain the global protective packaging market size, we have taken into account the revenue generated by the various manufacturers. The forecast presented here assesses the total revenue generated by value across the global protective packaging market. In order to provide an accurate forecast, we have started by sizing up the current market, which forms the basis of how the global protective packaging market is estimated to develop in the future. Given the characteristics of the market, we have triangulated the outcome on the basis of three different types of analysis - based on the supply side, downstream industry demand and the economic envelope. In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts CAGR but also analyse the market based on key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the global protective packaging market and to identify the right opportunities across the market. Region-wise research methodology is Future Market Insights’ forte and while publishing this report on the global protective packaging market, our analysts have investigated the market attractiveness regionally, as well as analysed the limit to which the drivers are influencing the global protective packaging market in each region. The report also presents a dashboard view of key companies operating in the global protective packaging market to compare the current industrial scenario and their contribution to the global protective packaging market. This section of the report is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on an in-depth assessment of their capabilities and success in the global protective packaging marketplace.

Mergers and acquisitions of key players - Our analysis

Apart from key developments and business strategies, our analysts have provided detailed information on mergers and acquisitions of the key players dominating the protective packaging market across the globe. Future Market Insights analysts have conducted a comprehensive SWOT analysis to understand the customer base, acquisitions and inorganic growth of this highly competitive market and have also studied the various barriers for new entrants while researching the global protective packaging market.