DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/zsj3fv/protective) has announced the addition of the "Protective Packaging Market - Trends & Forecast to 2020" report to their offering.
The global Protective Packaging Market is projected to reach $35.82 Billion by 2020, with a CAGR of 6.39% from 2015-2020. The Asia-Pacific region is projected to grow at the highest CAGR of 7.62% during the forecast period, that is, 2015 to 2020. High disposable incomes and changing lifestyles have led to the increase in the consumption of packed goods and e-retailing channels, which in turn drive the demand for protective packaging.
Moreover, with increasing awareness about environmental hazards, the market will adopt technologies to develop sustainable protective packaging, which is environment-friendly. The Asia-Pacific region accounted for around 37% of the total market share in terms of value, followed by the North American and European regions.
The protective packaging market in developing countries such as China and India are estimated to grow at a higher rate from 2015 to 2020. China is estimated to grow faster than any other country because of its strong economic growth along with increase in Internet shopping and rapid urbanization.
Flexible protective packaging is projected to be the fastest-growing product type segment from 2015 to 2020. Air pillows are projected to be the fastest-growing flexible protective packaging product during the same period. Rigid protective packaging will be the second-fastest growing product type segment from 2015 to 2020. Corrugated box is projected to the largest and fastest-growing rigid protective packaging product segment during the same period. Paper & paperboard is projected to be the fastest-growing material segment in the protective packaging market over the next five years.
The growth of the protective packaging market is primarily driven by the following:
- Rapid urbanization in emerging economies
- Increase in global manufacturing activities
- Rising trend of Internet shopping
- Expansion of m-commerce and e-commerce industries
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Protective Packaging Market, By Material
8 Protective Packaging Market, By Product Type
9 Protective Packaging Market, By Function
10 Protective Packaging Market, By Application
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
- DS Smith PLC
- Huhtamaki OYJ
- Pregis Corporation
- Pro-Pac Packaging Limited
- Rocktenn Company
- Sealed Air Corporation
- Smurfit KAPPA Group PLC
- Sonoco Products Company
- Storopack Hans Reichenecker Gmbh
The DOW Chemical Company
For more information visit http://www.researchandmarkets.com/research/zsj3fv/protective