DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Protective Packaging Market - By Regions and Vendors - Market Trends and Forecasts (2015 - 2020)" report to their offering.
Protective Packaging refers to the use of various packaging materials to safeguard and shield the core product from damages. Protective packaging can be used either as a primary packaging material or a secondary packaging material depending upon the products end use application. Vendors in this industry provide protective packaging solutions through regular innovations for end use industries like automotive, electronics, pharmaceuticals, and others to safely reach the end consumers.
The Global Protective Packaging market was worth $23.09 billion in 2015 and is projected to reach $29.30 billion in 2020, at a compound annual growth rate of 4.7%. Asia Pacific lead the Protective Packaging market with a share of 38% in 2015 and is estimated to grow at a rate of 7% per annum during the projected period, while Europe is projected to witness CAGR of 2% for the same period.
Factors like rising increase in disposable income, urbanization are some of the major factors driving the demand for protective packaging solutions. E-commerce industry growth is another major factor augmenting the demand for protective packaging solutions. However, fluctuations in raw material prices is a restraint to the growing market.
The market is highly fragmented with top 11 companies constituting only 20% of the market share while the rest 80% of the market is by small and niche players across the globe.
- Pregis Corporation
- Mold-Rite Plastics
- Universal Protective Packaging
- Automated Packaging Systems
- Intertape Polymer Group
- Vir Packaging
- Mjs Packaging
- Riverside Paper And Packaging
- Alpha Packaging Solutions
Key Topics Covered:
1. Research Methodology
2. Executive Summary
3. Market Overview
4. Market Dynamics
5. Protective Packaging Market Segmentation, Forecasts And Trends - By Volume, By Revenue
6. Global Vendor Market Share Analysis
7. Competitive Intelligence - Company Profiles
8. Investment Analysis
9. Future Of Protective Packaging Market
For more information about this report visit http://www.researchandmarkets.com/research/h5ff8t/global_protective