CHICAGO, Oct. 5, 2023 /PRNewswire/ -- Arizton publishes the latest research report, the global protective packaging market growing at a CAGR of 6.22% during 2022-2028.
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Browse 121 market data Tables and 118 Figures spread through 378 Pages and in-depth TOC on the "Protective Packaging Market."
Protective Packaging Market Report Scope
Report Attributes | Details |
Market Size (2028) | USD 43.26 Billion |
Market Size (2022) | USD 30.12 Billion |
CAGR (2022-2028) | 6.22 % |
Base Year | 2022 |
Forecast Year | 2023-2028 |
Market Segmentation | Material, Type, Application, and Geography |
Geographic Analysis | North America, Europe, APAC, Latin America, and Middle East & Africa |
Market Dynamics | · The Increasing Demand from the Healthcare Industry · Demand for Lightweight Products · Increase in Pouch Packaging across End-Users · Increase in Processed and Packaged Food · Increase in Shelf Life · Awareness in Cosmetics & Personal Care Industry |
The protective packaging sector is transforming significantly to meet consumers' evolving demands and preferences. In the past, the primary objective of packaging was to safeguard products during transportation. However, thanks to advancements in packaging machinery and materials, the packaging industry now has the capacity to address a wide range of requirements, including extending the shelf life of goods, enhancing brand visibility, and ensuring compliance with regulations, among other factors. This industry is characterized by its diversity, encompassing various packaging types and materials. The introduction of plastic packaging has opened up substantial opportunities for brands to experiment with different materials. The foremost concerns in this dynamic field revolve around convenience, product safety, product differentiation, and fostering innovation.
Impact of Adoption of Flexible Packaging over Rigid Packaging
Protective pouches have become highly in-demand products across various industries, including food, pharmaceuticals, beverages, and FMCG. Additionally, other protective packaging options like aluminum foil and paper have expanded their applications with numerous variations. Aluminum foil is widely utilized in food packaging, either on its own or as part of multi-layer films for various food items. However, some products have yet to transition from their current packaging methods. For instance, many manufacturers still use bag-in-box packaging for cereals. Recycling multi-layer films, especially those containing aluminum foil, presents challenges that deter some end-users.
Despite the recycling challenges, the cost reduction associated with protective pouches has led to the overlooking of these recycling issues. The rise of e-commerce across the globe has accelerated the adoption of protective packaging as both primary and secondary packaging solutions. Innovative retort packages with enhanced protective features against external factors, along with convenient features like zips and spouts, have boosted the popularity of pouch packaging and, consequently, protective packaging over rigid alternatives. As a result, a growing number of products that were traditionally packaged in rigid materials are now embracing protective packaging solutions.
Explosion in E-commerce Uplifting the Market Sales
In recent years, e-commerce has experienced remarkable sales growth, paralleled by a notable evolution in packaging for e-commerce shipments. This evolution has brought forth a more comprehensive array of choices for e-retailers and elevated levels of convenience for consumers.
The unique attributes of protective packaging can provide opportunities to tackle some of e-commerce's largest sustainability challenges. Less packaging and lightweight materials, such as paper bags and protective films, result in lightweight shipments and a significant cost-saving opportunity for many e-commerce retailers such as F&B retail. Since e-commerce evolves around distribution channels, safety, and efficiency are the most important issues in the transportation industry. Due to this, product quality and safety are the major concerns. Protective packaging is being positioned as one of the key solutions to meet these goals.
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APAC Protective Packaging Market to Reach $14.76 Billion by 2028
The APAC region is projected to lead the protective packaging market in value from 2022 to 2028. Higher domestic demand and the availability of low-cost labor make this region the most attractive market for protective packaging producers. Hence, market players focus on this region to gain a larger share and increase profitability. Expansions and investments, acquisitions, agreements, and new product launches are significant strategies key players adopt to enhance their positions in the protective packaging market. Improving the global economy, expanding the working population, and rising domestic demand for food and pharmaceutical products are expected to boost the market for protective packaging.
In Europe, all the market segments are undergoing significant growth in protective packaging. Smaller households need single-serve options, and consumers significantly demand more product selections. This supports the general trend from rigid to protective packaging, providing greater convenience and fitting in better with current lifestyle needs. Innovative, protective packaging styles are meeting the trend for more convenience. High-volume trade countries such as Germany and France are expected to face challenges with Brexit, apart from countries such as Belgium and the Netherlands. The Brexit deal is expected to be disruptive during the forecast period when it is finalized. The packaging industry witnessed the highest consumption of plastics in 2022. The competition in Europe is intense on account of the highly fragmented market. Differentiation is the key factor for vendors operating in the low-cost, protective packaging market.
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Key Company Profiles
- Smurfit Kappa
- Sealed Air
- Sonoco
- Huhtamaki
- Amcor
- Berry Global
- Mondi
- TC Transcontinental
- Constantia Protectives
- Ahlstrom
- Greif
- WestRock
- Alu Flex Pack
- Aptar Group
- Alinvest
- Aran Group
- Aluberg
- American Packaging Corporation
- Bischof+Klein
- Bioplast
- Carcano
- Danaflex
- Printpack
- ProAmpac
- Wipak Group
- Saica
- Etapak
- Innovia Films
- Uflex
- International Paper
- Reynolds Group
- Novolex
- Sigma Plastics
- Glenroy
- Symetal
- Krajcar Pack
- ITP
- Gascogne Protective
- Schur Protectives
- Schmid and Folien
- RKW
- Pouch Partners
- Perlen Packaging
- Goglio Packaging
- Kleiner Protective Packaging
- Winpak
- Stora Enso
- Global-Pak
- Di Mauro
- Eurofoil
- Gerosa Group
- LEEB Protectives
- Polypak Packaging
- PPG
- Walki
- All4Labels
- SIG Combibloc Group
- Ringmetall SE
- The Reflex Group
- Dazpak Protective Packaging
Market Segmentation
Material
- Protective Plastic
- Protective Paper
- Protective Foil
Type
- Flexible Protective Packaging
- Foam Protective Packaging
- Rigid Protective Packaging
Application
- Consumer Packaging
- Industrial Packaging
- Healthcare
- Personal Care
Geography
- APAC
- China
- India
- Australia
- Japan
- South Korea
- New Zealand
- Europe
- Germany
- France
- The UK
- Italy
- Benelux
- Spain
- Rest of Europe
- North America
- The US
- Canada
- Latin America
- Mexico
- Brazil
- Argentina
- Chile
- Middle East & Africa
- Turkey
- Egypt
- Saudi Arabia
- South Africa
- The UAE
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Key Questions Answered in the Report:
How big is the protective packaging market?
What is the growth rate of the global protective packaging market?
What are the growing trends in the protective packaging industry?
Which region holds the most significant global protective packaging market share?
Who are the key players in the global protective packaging market?
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