Packaging Peanuts Market Size was valued at USD 1.4 Billion in 2022. The packaging peanuts industry is projected to grow from USD 1.47 Billion in 2023 to USD 2.209 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.20% during the forecast period (2023 - 2032). Major market drivers influencing the growth of the packaging peanut market value include rising urbanization, modernization, and globalization, along with an increasing adoption of protective packaging solutions.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Nowadays, the majority of people have modernized their lifestyles and painted their homes. Because people are earning more money, their ability to spend has also altered. Consumer interest in maintaining a luxurious environment has increased as a result of the market introduction of numerous companies' home design products. Therefore, there is an increase in the demand for home furnishings and decorations. Due to this, there is now a significant demand for packing peanuts, and this trend is anticipated to persist during the projected period. Furthermore, the most popular trend today is internet purchasing, especially in the wake of the epidemic. People are ordering ornamental products from e-commerce websites like Pepperfry, Amazon, etc., since they may not have time to visit because they are too busy working. It is the responsibility of the maker or supplier to ensure that the product reaches its destination safely and undamaged. As a result, they are using packaging materials like packing peanuts.
Manufacturers from several industries have expanded their market reach by developing compostable and biodegradable packaging peanuts. In order to provide sustainable packaging, many packaging businesses produce packing peanuts from recycled materials. With the advent of starch-based peanuts, the packaging of peanuts has become more environmentally friendly and sustainable, and as a result, demand for the same is anticipated to rise. Due to their simplicity in dissolving in water and lack of plastic pollution, peanuts' biodegradable packaging helps to lessen environmental risks. Packaging peanuts made of virgin materials poses numerous ecological risks and are difficult to discard and recycle. Additionally, the market for packaging peanuts made of virgin polymer will not benefit from the implementation of rules and regulations regarding the use of plastic. Conversely, peanuts made of starch are completely biodegradable and environmentally benign. Therefore, starch-based packing peanuts can gradually disintegrate over time, taking up far less room in a trash yard than traditional packaging peanuts. Thus, it is anticipated that throughout the projection period, the starch-based material will quickly drive the market for packaging peanuts.
With the growth of the online company industry, defensive packaging solutions are significantly expanding. Products are protected with various protective packaging arrangements, such as packing peanuts, bite-the-dust packaging embeds, cut supplements, and electrostatic release (ESD) froths. In order to better fit packaging needs, expanded polystyrene foam (EPS) and biodegradable materials are used to create packaging peanuts, which are protective packaging solutions that are shaped like nuts. Packaging peanuts are the name given to the protective packaging design that resembles a nut. Thus, driving the packaging peanuts market revenue.
The packaging peanuts market segmentation, based on application includes Automotive Industry, Food and Beverage Industry, Electrical and Electronics Industry, Others. The electrical and electronics industry segment dominated the market. Due to their ability to store and safeguard delicate and expensive objects during storage and shipping, packaging peanuts have emerged as an attractive solution for the electrical and electronics industry. So during the evaluation period, there will be a significant demand for packaging peanuts due to a growth in the manufacturing and sales of electronic goods and components.
The packaging peanuts market segmentation, based on type, includes Polystyrene Packaging Peanut, Starch-based Packaging Peanut. The starch-based packaging peanut category generated the most income. Peanuts made of polystyrene are only soluble in acetone, whereas those made of starch are soluble in water. Starch-based items can be thrown away in the sink because they dissolve when they come into touch with water. They also don't have an electrostatic charge, so they won't attach to garments or harm devices during shipping.
Figure 1: Packaging Peanuts Market, by Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American packaging peanuts market area will dominate this market. This is explained by rising online retail sales, a rise in the demand for efficient foam packaging solutions, and a significant presence of top packaging peanut manufacturers. Online retail sales in the United States increased from US$ 519.6 billion in 2018 to US$ 791.7 billion in 2020, according to a research released by the United Nations Conference on Trade and Development (UNCTAD). With total e-commerce sales of US$ 9580 billion and a 45% GDP share of those sales, the United States was the leader in this sector. Due to the increase in e-commerce, the USA is now a lucrative market for packaging peanuts, and this trend is anticipated to last during the projected period.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: PACKAGING PEANUTS MARKET SHARE BY REGION 2022 (USD Billion)Â 
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe packaging peanuts market accounts for the second-largest market share. The market is being driven by the expansion of e-commerce and the rising need for environmentally friendly packaging options. Additionally, customers are requesting more and more eco-friendly packaging options. In Europe, packaging peanuts produced from cellulose and other biodegradable materials are gaining popularity. Further, the German packaging peanuts market held the largest market share, and the UK packaging peanuts market was the fastest growing market in the European region
The Asia-Pacific Packaging Peanuts Market is expected to grow at the fastest CAGR from 2023 to 2032 due to the growing domestic demand for convenience and ready-to-eat foods, the mushrooming packaged goods market, the expansion of manufacturing industries, the growth and expansion of different end user verticals, the increasing use of packaged peanuts in daily meals, the rapid industrialization, and rising personal disposable income. Moreover, China’s packaging peanuts market held the largest market share, and the Indian packaging peanuts market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the packaging peanuts market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, packaging peanuts industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the packaging peanuts industry to benefit clients and increase the market sector. In recent years, the packaging peanuts industry has offered some of the most significant advantages to medicine. Major players in the packaging peanuts market are attempting to increase market demand by investing in research and development operations includes Sealed Air, Puffy Stuff, STOROPACK HANS REICHENECKER GMBH, AP Packaging Corp., Valor Industries., Dhruvraj Syndicate., JohnPac., Johnsonplastic, Federal Industries., LAURAL PACKAGING GROUP SOUTH Inc., Uline, Crescent Box Company, Instabox Sweden AB, Corrugated Containers, Inc., TRANSPAK, INC., Polar Tech Industries, Inc., CalStar Packaging, Amcor plc, Honeywell International Inc., and ProAmpac among others.
Fresh food display cabinets are offered by Federal Industries Inc. Both chilled and non-chilled display cabinets are available from the company. Federal Industries Inc. supplies its goods to numerous food distributors across the country. Utilizing cutting-edge technologies and unmatched customer service, Federal Industries offers its clients unsurpassed excellence, quality, and versatility. They can handle practically any application since they may be customized to match customer needs.
Trans-Pak, Inc. produces and sells packaging goods. The business manufactures and sells protective packaging, crates, and bespoke currogated containers in addition to providing logistics services. Trans-Pak provides services to clients in numerous industries around the globe. TransPak has been a top supplier of bespoke packaging, crating, logistics, and design services for than 70 years.
Puffy Stuff
STOROPACK HANS REICHENECKER GMBH
Valor Industries.
Dhruvraj Syndicate.
JohnPac.
Johnsonplastic
Federal Industries.
LAURAL PACKAGING GROUP SOUTH Inc.
Uline
Crescent Box Company
Instabox Sweden AB
Corrugated Containers, Inc.
TRANSPAK, INC.
Polar Tech Industries, Inc.
CalStar Packaging
Amcor plc
Honeywell International Inc.
ProAmpac
October 2022:Â Reusing Agricultural Waste Packaging (RAW), created by Test Valley Packaging and Envopap, is a brand-new material derived from sugar cane agricultural waste.
June 2020:Â The creation of packaging peanuts in the shape of leaves, under the loose fill category, was revealed by Storopack Hans Reichecker Gmbh. These compostable, eco-friendly green packaging peanuts give customers a tailored experience.
Automotive Industry
Food and Beverage Industry
Electrical and Electronics Industry
Others
Polystyrene Packaging Peanut
Starch-based Packaging Peanut
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 1.4 Billion |
| Market Size 2023 | USD 1.47 Billion |
| Market Size 2032 | USD 2.209 Billion |
| Compound Annual Growth Rate (CAGR) | 5.20% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Application, Type, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Sealed Air, Puffy Stuff, STOROPACK HANS REICHENECKER GMBH, AP Packaging Corp., Valor Industries., Dhruvraj Syndicate., JohnPac., Johnsonplastic, Federal Industries., LAURAL PACKAGING GROUP SOUTH Inc., Uline, Crescent Box Company, Instabox Sweden AB, Corrugated Containers, Inc., TRANSPAK, INC., Polar Tech Industries, Inc., CalStar Packaging, Amcor plc, Honeywell International Inc., and ProAmpac among others. |
| Key Market Opportunities | Market growth for packed peanuts is fueled by increased R&D |
| Key Market Dynamics | With the expansion of the e-commerce industry, there is a great rise in the demand for protective packaging solutions |
Packaging Peanuts Market Highlights:
Frequently Asked Questions (FAQ) :
The packaging peanuts market size was valued at USD 1.4 Billion in 2022.
The market is projected to grow at a CAGR of 5.20% during the forecast period, 2023-2032.
North America had the largest share in the market
The key players in the market are Sealed Air, Puffy Stuff, STOROPACK HANS REICHENECKER GMBH, AP Packaging Corp., Valor Industries., Dhruvraj Syndicate., JohnPac., Johnsonplastic, Federal Industries., LAURAL PACKAGING GROUP SOUTH Inc., Uline, Crescent Box Company, Instabox Sweden AB, Corrugated Containers, Inc., TRANSPAK, INC., Polar Tech Industries, Inc., CalStar Packaging, Amcor plc, Honeywell International Inc., and ProAmpac among others
The starch-based packaging peanut category dominated the market in 2022.
The electrical and electronic industry had the largest share in the market.
Assistant Manager - Research High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. by implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in packaging, construction, and equipment domains. she handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
