- Category : Manufacturing and Transportation
- Region : Global
- Publishing Date : 03/01/2020
Global Protective Packaging Market, By Type (Flexible, Rigid, Foam), Material (Plastics, Paper & paperboard, Others), Function (Cushioning, Blocking & bracing, Void-fill, Insulation Wrapping), Applications (Food & beverage, Healthcare, Industrial goods, Automotive, Household appliances, Consumer electronics, Others), and Region – Industry Analysis & Forecast to 2024
The global protective packaging market is expected to grow from USD 25 billion in 2019 to USD 33 billion by 2024 at a compound average growth rate (CAGR) of 5.5%.
This market research report provides an in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global protective packaging market. The historic years considered for the study are 2015-2017, base year is 2018, estimated year is 2019, and forecast period is 2020-2024.
Key players operating in the global protective packaging market are Intertape Polymer Group Inc., Sealed Air Corporation, Sonoco Products Company, Smurfit Kappa Group plc, DS Smith plc, Pregis LLC, VPK Packaging Group, Crown Holdings Inc. Cordstrap B.V., Pratt Industries, Inc., Storopack Hans Reichenecker Gmbh, The Dow Chemical Company.
Market Definition
Protective packaging involves the production of packaging products that secure the goods from any kind damages such as atmospheric, magnetic, electrostatic, shock and etc. The evolution of smart protective packaging products has led to reduction of sensor pricing and network devices. The protective packaging ensures safety against varied temperature, ensures durability, and availability at low-cost are key factors to push the global protective packaging market.
Market Drivers
Growing e-commerce industry
Comfort of home delivery products such as food and grocery
Usage of sustainable and reusable products
Market Restraints
Cost of eco-friendly raw materials
Usage of Plastics
Market Opportunities
Innovating technologies to reduce the weight of packaging.
Market Challenges
Increased demand for conveniently packaged products.
Segmental Analysis
Based on type, packaging can be classified into flexible, rigid, and foam segment. Though all segments are to be anticipated for higher CAGR flexible packaging is projected to produce a higher share. Foam segment to share the market with higher values in the forecast also it will the under observation for in impact over the environment. Rigid packaging is done with paperboard protectors and moulded pulp packaging, which are made from recycled materials and are recyclable.
Regional Analysis
Asia-pacific (APAC) is the forerunner in the market of protective packaging followed by North America and Europe. The dominance of protective packaging in APAC is attributed to the growth of the e-retail industry. The modernized population is preferring for healthy and safe packaged foods which contributes to the rise in disposable incomes.
Critical Questions Answered in the Report
What are the key trends in the Global Protective Packaging Market?
How the market (and its various subsegments) has grown in last four years and what would be the growth rate in next five years?
What are the key strategies adopted by the major vendors to lead in the Global Protective Packaging Market?
What is the market share of the top vendors?
Our research methodology consists of both primary and secondary research, wherein primary research data comprises of 85% and secondary research data comprises of 15%. It involved the extensive secondary sources such as annual reports of the leading packaging manufacturers, packaging associations and the leading packaging industry associations. The research also involved the usage of paid databases such as Bloomberg, Factiva, Hoovers, and many others, in order to collect information useful for a technical and market-oriented study of the protective packaging market. The primary sources mainly includes industry experts from packaging industries and preferred suppliers, packaging manufacturers, technologists, certified organizations, packaging associations and organizations related to all segments of this value chain. Primary interviews were organized and conducted with various primary respondents of this industry. These includes subject matter experts (SMEs), packaging industry participants, industry consultants, and executives of leading companies. We conduct in-depth interviews with these people in order to gain meaningful qualitative and quantitative information and also analyze the future prospects.
Primary Research
The protective packaging market involves the various stakeholders in the whole supply chain such as material suppliers, processors, and end-use manufacturers. The extensive primary research was conducted in order to gain a meaningful insights about the market and industry growth. For the protective packaging report, we have conducted primary surveys with the key level executives (VPs, CEOs, marketing directors, and business development managers, among others) of the major manufacturers active in the packaging and converting industry. In addition to analyzing the current and historical trends, our analysts predict where the market is headed in the next five years.
Secondary Research
Secondary research was mainly used to collect and identify information useful for an extensive, technical, market-oriented, and commercial study of the global protective packaging market. It was also used to obtain key information about major players, market classification and segmentation according to industry trends, geographic markets, and developments related to the market and technology. We have gone through various credible sources such as annual reports, journals, white papers, SEC filings, company websites, and paid databases.
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Architecture
2.3 Scope of the Study
2.4 Related Stakeholders
3 Research Methodology
3.1 Introduction
3.2 Primary Research
3.2.1 Key Insights
3.2.2 Breakdown of Primary Interviews
3.3 Secondary Research
3.3.1 Important Sources
3.4 Market Size Estimation Approaches
3.4.1 Top-Down Approach
3.4.2 Bottom-Up Approach
3.4.3 Data Triangulation
3.5 List of Assumptions
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Growing E-commerce Industry
4.2.2 Comfort of Home Delivery Products such as Food and Grocery
4.2.3 Usage of Sustainable and Reusable Products
4.3 Restraints
4.3.1 High Cost of Eco-friendly Raw Materials
4.3.2 Usage of Plastics
4.4 Opportunities
4.4.1 Innovating Technologies to Reduce the Weight of Packaging
4.5 Challenges
4.5.1 Increased Demand for Conveniently Packaged Products
4.6 Porter's Five Forces Model Analysis
4.7 Value Chain Analysis
4.8 Regulatory Landscape
5 Global Protective Packaging Market, By Type
5.1 Introduction
5.2 Flexible protective packaging
5.3 Rigid protective packaging
5.4 Foam protective packaging
6 Global Protective Packaging Market, By Material
6.1 Introduction
6.2 Plastics
6.3 Paper & paperboard
6.4 Others
7 Global Protective Packaging Market, By Function
7.1 Introduction
7.2 Cushioning
7.3 Blocking & bracing
7.4 Void-fill
7.5 Insulation
7.6 Wrapping
8 Global Protective Packaging Market, By Application
8.1 Introduction
8.2 Healthcare
8.3 Industrial goods
8.4 Automotive
8.5 Household appliances
8.6 Consumer electronics
8.7 Others
9 Global Protective Packaging Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Italy
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia-Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 Australia
9.4.5 South Korea
9.4.6 Rest of Asia-Pacific
9.5 Middle East and Africa
9.5.1 South Africa
9.5.2 UAE
9.5.3 Saudi Arabia
9.5.4 Rest of Middle East and Africa
9.6 South America
9.6.1 Argentina
9.6.2 Brazil
9.6.3 Rest of South America
10 Competitive Landscape
10.1 Introduction
10.2 Vendor Evaluation Criteria
10.3 Vendor Market Share Analysis, 2019 (%)
10.4 Recent Developments, 2016-2019
10.4.1 New Product Launches
10.4.2 Partnerships
10.4.3 Mergers or Acquisitions
10.4.4 Business Expansions
11 Company Profiles
(This section covers the Business Overview, Financial Overview, Product and Service Offerings, Recent Developments, SWOT Analysis, and Key Strategies of the top market vendors. The given sequence does not represent their rankings in the market.)
11.1 Intertape Polymer Group Inc.
11.2 Sealed Air Corporation
11.3 Sonoco Products Company
11.4 Smurfit Kappa Group plc
11.5 DS Smith plc
11.6 Pregis LLC
11.7 VPK Packaging Group
11.8 Crown Holdings Inc.
11.9 Cordstrap B.V.
11.10 Pratt Industries, Inc.
11.11 Storopack Hans Reichenecker Gmbh
11.12 The Dow Chemical Company
12 Appendix
12.1 Discussion Guide
12.2 Customization Options
12.3 Related Reports
List of Tables
Table 1 Global Protective Packaging Market, By Type, 2015-2024 (USD Million)
Table 2 Global Protective Packaging Market, By Material, 2015-2024 (USD Million)
Table 3 Global Protective Packaging Market, By Function, 2015-2024 (USD Million)
Table 4 Global Protective Packaging Market, By Application, 2015-2024 (USD Million)
Table 5 Global Protective Packaging Market, By Region, 2015-2024 (USD Million)
Table 6 North America Protective Packaging, By Country, 2015-2024 (USD Million)
Table 7 North America Protective Packaging, By Type, 2015-2024 (USD Million)
Table 8 North America Protective Packaging, By Material, 2015-2024 (USD Million)
Table 9 North America Protective Packaging, By Function, 2015-2024 (USD Million)
Table 10 North America Protective Packaging, By Application, 2015-2024 (USD Million)
Table 11 US Protective Packaging, By Type, 2015-2024 (USD Million)
Table 12 US Protective Packaging, By Material, 2015-2024 (USD Million)
Table 13 US Protective Packaging, By Function, 2015-2024 (USD Million)
Table 14 US Protective Packaging, By Application, 2015-2024 (USD Million)
Table 15 Canada Protective Packaging, By Type, 2015-2024 (USD Million)
Table 16 Canada Protective Packaging, By Material, 2015-2024 (USD Million)
Table 17 Canada Protective Packaging, By Function, 2015-2024 (USD Million)
Table 18 Canada Protective Packaging, By Application, 2015-2024 (USD Million)
Table 19 Europe Protective Packaging, By Country, 2015-2024 (USD Million)
Table 20 Europe Protective Packaging, By Type, 2015-2024 (USD Million)
Table 21 Europe Protective Packaging, By Material, 2015-2024 (USD Million)
Table 22 Europe Protective Packaging, By Function, 2015-2024 (USD Million)
Table 23 Europe Protective Packaging, By Application, 2015-2024 (USD Million)
Table 24 Germany Protective Packaging, By Type, 2015-2024 (USD Million)
Table 25 Germany Protective Packaging, By Material, 2015-2024 (USD Million)
Table 26 Germany Protective Packaging, By Function, 2015-2024 (USD Million)
Table 27 Germany Protective Packaging, By Application, 2015-2024 (USD Million)
Table 28 UK Protective Packaging, By Type, 2015-2024 (USD Million)
Table 29 UK Protective Packaging, By Material, 2015-2024 (USD Million)
Table 30 UK Protective Packaging, By Function, 2015-2024 (USD Million)
Table 31 UK Protective Packaging, By Application, 2015-2024 (USD Million)
Table 32 France Protective Packaging, By Type, 2015-2024 (USD Million)
Table 33 France Protective Packaging, By Material, 2015-2024 (USD Million)
Table 34 France Protective Packaging, By Function, 2015-2024 (USD Million)
Table 35 France Protective Packaging, By Application, 2015-2024 (USD Million)
Table 36 Italy Protective Packaging, By Type, 2015-2024 (USD Million)
Table 37 Italy Protective Packaging, By Material, 2015-2024 (USD Million)
Table 38 Italy Protective Packaging, By Function, 2015-2024 (USD Million)
Table 39 Italy Protective Packaging, By Application, 2015-2024 (USD Million)
Table 40 Italy Protective Packaging, By Application, 2015-2024 (USD Million)
Table 41 Spain Protective Packaging, By Type, 2015-2024 (USD Million)
Table 42 Spain Protective Packaging, By Material, 2015-2024 (USD Million)
Table 43 Spain Protective Packaging, By Function, 2015-2024 (USD Million)
Table 44 Spain Protective Packaging, By Application, 2015-2024 (USD Million)
Table 45 Rest of Europe Protective Packaging, By Type, 2015-2024 (USD Million)
Table 46 Rest of Europe Protective Packaging, By Material, 2015-2024 (USD Million)
Table 47 Rest of Europe Protective Packaging, By Function, 2015-2024 (USD Million)
Table 48 Rest of Europe Protective Packaging, By Application, 2015-2024 (USD Million)
Table 49 Asia-Pacific Protective Packaging, By Country, 2015-2024 (USD Million)
Table 50 Asia-Pacific Protective Packaging, By Type, 2015-2024 (USD Million)
Table 51 Asia-Pacific Protective Packaging, By Material, 2015-2024 (USD Million)
Table 52 Asia-Pacific Protective Packaging, By Function, 2015-2024 (USD Million)
Table 53 Asia-Pacific Protective Packaging, By Application, 2015-2024 (USD Million)
Table 54 China Protective Packaging, By Type, 2015-2024 (USD Million)
Table 55 China Protective Packaging, By Material, 2015-2024 (USD Million)
Table 56 China Protective Packaging, By Function, 2015-2024 (USD Million)
Table 57 China Protective Packaging, By Application, 2015-2024 (USD Million)
Table 58 India Protective Packaging, By Type, 2015-2024 (USD Million)
Table 59 India Protective Packaging, By Material, 2015-2024 (USD Million)
Table 60 India Protective Packaging, By Function, 2015-2024 (USD Million)
Table 61 India Protective Packaging, By Application, 2015-2024 (USD Million)
Table 62 Japan Protective Packaging, By Type, 2015-2024 (USD Million)
Table 63 Japan Protective Packaging, By Material, 2015-2024 (USD Million)
Table 64 Japan Protective Packaging, By Function, 2015-2024 (USD Million)
Table 65 Japan Protective Packaging, By Application, 2015-2024 (USD Million)
Table 66 South Korea Protective Packaging, By Type, 2015-2024 (USD Million)
Table 67 South Korea Protective Packaging, By Material, 2015-2024 (USD Million)
Table 68 South Korea Protective Packaging, By Function, 2015-2024 (USD Million)
Table 69 South Korea Protective Packaging, By Application, 2015-2024 (USD Million)
Table 70 Rest of Asia-Pacific Protective Packaging, By Type, 2015-2024 (USD Million)
Table 71 Rest of Asia-Pacific Protective Packaging, By Material, 2015-2024 (USD Million)
Table 72 Rest of Asia-Pacific Protective Packaging, By Function, 2015-2024 (USD Million)
Table 73 Rest of Asia-Pacific Protective Packaging, By Application, 2015-2024 (USD Million)
Table 74 Middle East and Africa Protective Packaging, By Type, 2015-2024 (USD Million)
Table 75 Middle East and Africa Protective Packaging, By Material, 2015-2024 (USD Million)
Table 76 Middle East and Africa Protective Packaging, By Function, 2015-2024 (USD Million)
Table 77 Middle East and Africa Protective Packaging, By Application, 2015-2024 (USD Million)
Table 78 South America Protective Packaging, By Type, 2015-2024 (USD Million)
Table 79 South America Protective Packaging, By Material, 2015-2024 (USD Million)
Table 80 South America Protective Packaging, By Function, 2015-2024 (USD Million)
Table 81 South America Protective Packaging, By Application, 2015-2024 (USD Million)
List of Figures
Figure 1 Global Protective Packaging Market: Market Segmentation
Figure 2 Global Protective Packaging Market: Research Methodology
Figure 3 Breakdown of Primary Interviews
Figure 4 Top Down Approach
Figure 5 Bottom Up Approach
Figure 6 Data Triangulation
Figure 7 Global Protective Packaging Market: Drivers, Restraints, Opportunities, and Challenges
Figure 8 Global Protective Packaging Market: Porter's Five Forces Model Analysis
Figure 9 Global Protective Packaging Market: Value Chain Analysis
Figure 10 Global Protective Packaging Market Share Analysis, By Type, 2019 and 2024
Figure 11 Global Protective Packaging Market Share Analysis, By Material, 2019 and 2024
Figure 12 Global Protective Packaging Market Share Analysis, By Function, 2019 and 2024
Figure 13 Global Protective Packaging Market Share Analysis, By Application, 2019 and 2024
Figure 14 Global Protective Packaging Market Share Analysis, By Region, 2019 and 2024
Figure 15 North America Protective Packaging Market Share Analysis, By Country, 2019 and 2024
Figure 16 North America Protective Packaging Market Share Analysis, By Type, 2019 and 2024
Figure 17 North America Protective Packaging Market Share Analysis, By Material, 2019 and 2024
Figure 18 North America Protective Packaging Market Share Analysis, By Function, 2019 and 2024
Figure 19 North America Protective Packaging Market Share Analysis, By Application, 2019 and 2024
Figure 20 Europe Protective Packaging Market Share Analysis, By Country, 2019 and 2024
Figure 21 Europe Protective Packaging Market Share Analysis, By Type, 2019 and 2024
Figure 22 Europe Protective Packaging Market Share Analysis, By Material, 2019 and 2024
Figure 23 Europe Protective Packaging Market Share Analysis, By Function, 2019 and 2024
Figure 24 Europe Protective Packaging Market Share Analysis, By Application, 2019 and 2024
Figure 25 Asia-Pacific Protective Packaging Market Share Analysis, By Country, 2019 and 2024
Figure 26 Asia-Pacific Protective Packaging Market Share Analysis, By Type, 2019 and 2024
Figure 27 Asia-Pacific Protective Packaging Market Share Analysis, By Material, 2019 and 2024
Figure 28 Asia-Pacific Protective Packaging Market Share Analysis, By Function, 2019 and 2024
Figure 29 Asia-Pacific Protective Packaging Market Share Analysis, By Application, 2019 and 2024
Figure 30 Middle East and Africa Protective Packaging Market Share Analysis, By Type, 2019 and 2024
Figure 31 Middle East and Africa Protective Packaging Market Share Analysis, By Material, 2019 and 2024
Figure 32 Middle East and Africa Protective Packaging Market Share Analysis, By Function, 2019 and 2024
Figure 33 Middle East and Africa Protective Packaging Market Share Analysis, By Application, 2019 and 2024
Figure 34 South America Protective Packaging Market Share Analysis, By Type, 2019 and 2024
Figure 35 South America Protective Packaging Market Share Analysis, By Material, 2019 and 2024
Figure 36 South America Protective Packaging Market Share Analysis, By Function, 2019 and 2024
Figure 37 South America Protective Packaging Market Share Analysis, By Application, 2019 and 2024
Figure 38 Global Protective Packaging Market: Competitive Benchmarking
Figure 39 Global Protective Packaging Market: Vendor Share Analysis