Protective
Packaging Market worth $38.8 billion by 2026

The report "Protective
Packaging Market by Material (Foam
Plastics, Paper & Paperboard), Type (Flexible, Rigid, Foam), Function (Cushioning,
Blocking & Bracing, Void Fill), Application (Food & Beverage, Consumer
Electronics), and Region - Global Forecast to 2026", size is estimated at USD 29.8 billion in
2021 and is projected to reach USD 38.8 billion by 2026, at a CAGR of 5.4%. The
global protective packaging market is projected to grow at a healthy rate over
the next five years, supported by the rising e-commerce industry and
manufacturing activities. The increasing popularity of online shopping and
rising consumer spending for packed goods are fueling the demand for protective
packaging.

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Browse in-depth TOC on "Protective Packaging Market"

361 - Tables

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305 – Pages

Foam plastics is the largest material segment of the protective
packaging market

The protective packaging market is segmented on the basis
of material into foam plastics, paper & paperboard, plastics, and others.
The foam plastics material segment accounted for the largest market share. The
large market share is attributed to its lightwieight, good thermal insulation,
and shock-absorbing properties, which are suitable for protective packaging.

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Flexible protective packaging is the largest type of
segment of the protective packaging market

The global protective packaging market is segmented based
on type into flexible protective packaging, rigid protective packaging, and
foam protective packaging. The flexible protective packaging segment is
expected to account for largest market share. This is attributed to the
increasing demand for recyclable and cost-effective materials.

Cushioning is the largest function segment of the
protective packaging market

The global protective packaging market is segmented on
the basis of function into cushioning, void fill, wrapping, insulation, and
blocking & bracing. Cushioning is projected to account for largest market
share, as it protects fragile and lightweight items from damage during
transportation and warehousing. Also, it restrains movement of the packed
product and prevents damage from shock and vibration during transportation.

Industrial goods are the largest application segment of
the protective packaging market

The global protective packaging market is segmented on the
basis of application into industrial goods, food & beverage, healthcare,
consumer electronics & appliances, automotive, household appliances, and
others. Industrial goods accounted for largest market share. This is attributed
to the rapid growth of industrial sector and transportation of intermediate
goods for aerospace, electrical, and machinery goods for manufacturing.

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APAC is the largest market for protective packaging
market

The APAC region is the largest and fastest-growing
protective packaging market. China is the largest and fastest-growing market in
the region and is projected to dominate the regional market in the next five
years.  Key factors such as
industrialization, rising internet penetration, growing manufacturing
activities, increasing disposable income, rising consumption level, and the
growing e-retail sales will drive the market during the forecast period.

The key players in the protective packaging market are Smurfit
Kappa (Ireland), Sealed Air Corporation (US), Sonoco (US), Huhtamaki (Finland),
DOW (US), and others. The protective packaging market report analyzes the key
growth strategies adopted by the leading market players, between 2016 and 2021,
which include expansions, mergers & acquisition, new product
developments/launch, and collaborations.

For More Insights on Protective Packaging Market- https://www.prnewswire.com/news-releases/protective-packaging-market-worth-38-8-billion-by-2026--exclusive-report-by-marketsandmarkets-301429752.html

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