DUBLIN--(BUSINESS WIRE)--The "Protective Packaging Market, by Material (Foam Plastics, Paper & Paperboard), Type (Flexible, Rigid, Foam), Function (Cushioning, Blocking & Bracing, Void Fill), Application (Food & Beverage, Consumer Electronics) & Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The protective packaging market size will grow from USD 24.31 Billion in 2017 to USD 32.02 Billion by 2022, at a CAGR of 5.67%.
The protective packaging market is expected to witness high growth due to factors such as rise in the middle-class population, growth in demand from the food & beverage and healthcare sectors, and preference for convenient packaging.
In 2017, the Asia Pacific region is estimated to account for the largest share in the total market for protective packaging, in terms of value, followed by North America and Europe, owing to manufacturers' focus on developing low-cost protective packaging options. The Asia Pacific region is projected to register the highest growth during the forecast period; this is attributed to the large customer base for household appliances and consumer electronics, due to the growth in population in countries of this region; this, in turn, is expected to lead to the growth of the protective packaging market. The protective packaging market in the North American region is developed and matured; the markets in the US and Canada are projected to grow the highest rates from 2017 to 2022.
High initial capital investments have caused an unfavourable impact on the profitability of the packaging industry. The global protective packaging market is dominated by players such as Smurfit Kappa Group (Ireland), Sealed Air Corporation (US), Sonoco Products Company (US), WestRock (US), Huhatamaki (Finland), Ranpak (US), Pregis Corporation (US), Pro-Pac Packaging (Australia), Storopack Hans Reichenecker (Germany), Dow (US), and DS Smith (UK). These players adopted various strategies such as acquisitions, expansions, and new product launches to cater to the needs of the protective packaging market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Protective Packaging Market, by Material
6 Protective Packaging Market, by Type
7 Protective Packaging Market, by Function
8 Protective Packaging Market, by Application
9 Protective Packaging Market, by Region
10 Competitive Landscape
11 Company Profiles
- Apex Packaging Corporation
- BDL Supply
- DS Smith Plc
- Pregis Corporation
- Pro-Pac Packaging Limited
- Protective Packaging Corporation
- Sealed Air Corporation
- Smurfit Kappa Group
- Sonoco Products Company
- Storopack Hans Reichenecker
- Wisconsin Foam Products
For more information about this report visit https://www.researchandmarkets.com/research/4jmz46/global_protective?w=4