DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/jpq8ql/global_protective) has announced the addition of the "Global Protective Packaging Market 2015-2019" report to their offering.
The global protective packaging market to grow at a CAGR of 5.53% over the period 2015-2019.
Global Protective Packaging Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
There is a growing preference among consumers for packaging materials that are eco-friendly and sustainable. Vendors are investing in R&D to develop materials that can be recycled, have the capability of friction, and are moisture and heat resistant. For instance, Western Reserve University Lab developed the AeroClay technology, which helps turn clay and other ingredients into a versatile packaging material that is sturdy, eco-friendly, and temperature resistant. This can be used as an insulated packaging material in pharmaceutical and cold chain logistics.
According to the report, online shopping is gaining popularity in both developed and developing regions. This will propel the demand for protective packaging for the delivery of items. With the popularity of the mobile internet, consumers can easily access retailer websites on the go. Initially, e-commerce companies focused on reducing costs. Their focus has shifted to reducing pilferage in transit and damages, brand building, customer satisfaction, and product differentiation.
Further, the report states that the adoption of materials such as moisture-absorbing desiccant packets, hydraulic-pressured compact film, and regenerated cellulose films is gaining popularity in the global protective packaging market, and this is increasing the overall cost of production. In addition, vendors incur losses due to their inability to keep up with competitive pricing strategies.
- Sealed Air
- Smurfit Kappa Group
- Sonoco Products
Other prominent vendors
- iVEX Protective Packaging
- Macfarlane Group
- Max Packaging
- Protective Packaging Solutions
- Unisource Worldwide
- Universal Protective Packaging
For more information visit http://www.researchandmarkets.com/research/jpq8ql/global_protective