DUBLIN--(BUSINESS WIRE)--The "Global Protective Packaging Market - Segmented by Material, Product , Rigid, Flexible, Foam , End-user vertical, and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The protective packaging market was valued at USD 23.51 billion in 2017 and is expected to reach a value of USD 30.96 billion million by 2023 at a CAGR of 4.70 %, over the forecast period 2018-2023.
The protective mailers used for online purchase are expected to grow with significant a growth rate with the e-commerce sector. The insulated shipping containers which are predominantly used in moving pharmaceutical and other various temperature-controlled products are also expected to register an above average growth rate during the forecast period.
E-commerce is also helping to boost demand for product segments, such as air pillows, molded foams, bubble wraps, etc. The significant growth in the number of e-commerce platforms and increased focus on enhancing the existing packaging techniques, with the help of technology, has influenced the consumers' choice towards preferring adequately packaged products. Improving lifestyles have made the consumers conscious of the package and have hence created a demand for the higher quality of packaging to ensure no compromise has been made to the core product.
The Asia-Pacific has the largest market share, followed by North America and Europe. Europe represents one of the largest markets for beauty and personal care products in the global market. The demand for these products is expected to remain fairly high over the forecast product. Beauty brands are taking greater care in packaging and logistics operations, to improve their customer retention.
- 3M Corporation
- Automated Packaging Systems Inc.
- Cartonajes Vir SA
- Intertape Polymer Group Inc.
- MJS Packaging Company
- Mold-Rite Plastics
- Placon Corporation
- Pregis Corporation
- Riverside Paper Co.
- Sealed Air Corporation
- Signode Protective Packaging Solutions
- Sonoco Corporation
Key Topics Covered:
- Research Methodology
- Executive Summary
- Market Dynamics
- Market Segmentation
- Competitive Intelligence - Company Profiles
- Investment Analysis
- Future of the Market
For more information about this report, visit https://www.researchandmarkets.com/research/42xxvz/global_protective?w=4.