The global protective packaging market size is estimated at USD 29.8 billion in 2021 and is projected to reach USD 38.8 billion by 2026, at a CAGR of 5.4%, between 2021 and 2026. Protective packaging is used to protect the product from damages such as shock, vibration, moisture, and compression during transportation, handling, and storage of products at warehouses. It offers features such as thermal & electrical insulation, shock dampening, fireproofing, and atmospheric protection to packed products.
Browse 361 market data Tables and 63 Figures spread through 305 Pages and in-depth TOC on “Protective Packaging Market by Material (Foam Plastics, Paper & Paperboard), Type (Flexible, Rigid, Foam), Function (Cushioning, Blocking & Bracing, Void Fill), Application (Food & Beverage, Consumer Electronics), and Region – Global Forecast to 2026”
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The key players in the protective packaging market are Smurfit Kappa (Ireland), Sealed Air Corporation (US), Sonoco (US), Huhtamaki (Finland), DOW (US), and others. The protective packaging market report analyzes the key growth strategies adopted by the leading market players, between 2016 and 2021, which include expansions, mergers & acquisition, new product developments/launch, and collaborations.
Foam plastics is the largest material segment of the protective packaging market
The protective packaging market is segmented on the basis of material into foam plastics, paper & paperboard, plastics, and others. The foam plastics material segment accounted for the largest market share. The large market share is attributed to its lightwieight, good thermal insulation, and shock-absorbing properties, which are suitable for protective packaging.
Flexible protective packaging is the largest type segment of the protective packaging market
The global protective packaging market is segmented on the basis of type into flexible protective packaging, rigid protective packaging, and foam protective packaging. The flexible protective packaging segment is expected to account for largest market share. This is attributed to the increasing demand for recyclable and cost-effective materials.
Cushioning is the largest function segment of the protective packaging market
The global protective packaging market is segmented on the basis of function into cushioning, void fill, wrapping, insulation, and blocking & bracing. Cushioning is projected to account for largest market share, as it protects fragile and lightweight items from damage during transportation and warehousing. Also, it restrains movement of the packed product and prevents damage from shock and vibration during transportation.
Industrial goods is the largest application segment of the protective packaging market
The global protective packaging market is segmented on the basis of application into industrial goods, food & beverage, healthcare, consumer electronics & appliances, automotive, household appliances, and others. Industrial goods accounted for largest market share. This is attributed to the rapid growth of industrial sector and transportation of intermediate goods for aerospace, electrical, and machinery goods for manufacturing.
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Smurfit Kappa (US) is an integrated manufacturer of paper-based packaging products. The company manufactures, distributes, and sells corrugated containers, containerboard, and other paper-based packaging products such as graphic board, solid board, and bag-in-box. It has its operations in Europe, South America, and North America. The company operates in 21 countries in Europe and 11 countries in the Americas. It has 34 mills, 229 converting plants, 48 recovered fiber facilities and two wood procurement operations, and 31 other production facilities. The company’s end customer is the corrugated packaging market, which uses packaging for product marketing, protection, and selling purposes. Smurfit Kappa Holdings Italia, S.p.A. (Italy), Smurfit Kappa Holdings (US), Smurfit Kappa Ireland Limited (Ireland), and Smurfit Kappa Packaging UK Limited (England) are some of the subsidiaries of the company.
Sealed Air Corporation (US) is a key player in the packaging industry and offers protective packaging products to an array of industries such as food & beverage processing, retail, food service, commercial & consumer, and healthcare & industrial applications. The company has an extensive global reach, with operations in 48 countries to reach customers across 124 countries. Sealed Air serves a diverse global customer base, with a sales and distribution network reaching 124 countries.