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Protective Packaging Market Research Report - Forecast to 2030

Protective Packaging Market Information: By Product Type (Rigid Protective, Flexible Protective and Foam Protective), Material (Paper & Paperboard, Plastics and others), Application (Consumer Goods, Food & Beverages, Industrial Goods and others), Function and Region ; Forecast to 2030

ID: MRFR/PNT/0812-HCR | February 2021 | Region: Global | 115 pages

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Protective Packaging Market Overview


The protective packaging market is growing rapidly with the rise in demand for consumer goods worldwide. The global protective packaging market share was valued at USD 30.56 billion in 2020. Protective packaging is used to protect goods from physical or environmental damage during shipping and warehousing. These packaging materials help to reduce the damage of products and therefore enhance customer satisfaction.


There are different protective packaging materials to suit the need of different product types. The most common packaging materials are packing peanuts, padded divider sets, bubble bags, packing foam, air pillows, and packing paper. The growing presence of e-commerce companies and the increasing trend of home delivery is generating huge demand for protective packaging. The Global protective packaging market is expected to grow at a Compound Annual Growth Rate ( CAGR ) of 6.9 % over the forecast period (2021-2028).


The developments in the packaging industry and the rise of eco-friendly protective packaging materials will propel the market growth. The global protective packaging market is expected to be worth USD 46.4 billion by the end of the current forecast period in 2028.


Covid 19 Analysis


Covid-19 had mixed effects on the global protective packaging market. The decline in demand for major consumer goods led to a fall in the demand for protective packaging materials too. Moreover, the closure of the production units of packaging materials to curb the virus spread caused irregularities in market supply.  Furthermore, the restrictions on travel and the movement of goods also disrupted the supply chain.


However, there was a rapid surge in sales of online e-commerce companies which are one of the largest demand generators for protective packaging materials. The market is also expected to show a quick recovery after relaxation is off restriction measured globally.


Competitive Landscape


The major global companies playing a key role in the protective packaging market are :



  • America (U.S.)

  • Max Packaging (India)

  • Springpack (U.K)

  • Sealed Air Corporation (U.S.)

  • Protective Packaging Solutions (U.S.)

  • Smurfit Kappa Group (U.K)

  • Pregis Corporation (U.S.)

  • ACH Foam Technologies LLC (U.S.)

  • Bayer AG ( Germany )

  • FP International (U.S.)

  • BASF SE Germany,

  • Macfarlane Group (U.K)

  • Universal Protective Packaging (U.S.)

  • Unisource Worldwide (U.S.)

  • Cellofoam North America Incorporated (U.S.)

  • Ecovative Design LLC (U.S.).


Market Dynamics


Drivers


The rising demand for consumer goods with the growing disposable income of people is the major factor driving the growth of the global protective packaging market. Protective packaging plays a vital role in protecting the goods to enhance customer satisfaction therefore these materials are in huge demand from manufacturers. Moreover, the exponential growth of e-commerce companies has increased the demand for protective packaging by several manifolds.


Technological advancements in the packaging and labeling industry are creating favorable market prospects for protective packaging. The development of affordable and environmentally-friendly protective packaging materials like materials from agricultural waste will bring a positive impact on the market.


Restraints


The rising environmental concerns regarding sustainability and recyclability of plastic-based protective packaging materials is one of the major causes restraining the market growth. Additionally, the high production cost of some of the packaging materials is also likely to hinder the growth of the Global protective packaging market.


Technology Analysis


Protective packaging is materials designed to protect products from physical and environmental damage during the distribution process. These materials primarily act as a cushion to the main products during shipping and warehousing. Protective packaging materials come in addition to shipping containers and rarely act as primary packaging material. The different popular packaging materials are packing peanuts, padded divider sets, bubble bags, packing foam, air pillows, and packing paper.


Good protective packaging material must not only be protective but also be economically viable and environmentally sustainable. There are different protective packaging materials for goods of different types and sizes. Nowadays, newer protective packaging materials that are environmentally friendly like products from agricultural waste are gaining huge attention.


Study Objectives


The specific objectives of this market report on the global protective packaging market are given below:



  • To provide a complete overview of the protective packaging market.

  • To analyze and forecast the protective packaging market in terms of value and volume.

  • To provide information about the impact of covid 19 on the market and market response thereafter.

  • To highlight the problems and prospects of the protective packaging market

  • To give details about the technological know-how of the product and its market prospects.

  • To provide an overview of the regional markets and different market segments.

  • To identify the key players of the protective packaging industry.


Segmentation


protective packaging market 


Segment Analysis


Segmentation of the global protective packaging market, by type



  • Flexible protective packaging




  • Rigid protective packaging

    • Corrugated box

    • Molded pulp

    • Insulated shipping containers

    • Paperboard protectors

    • Others





  • Foam protective packaging

    • Molded foam

    • Foam-in-place

    • Loose-fill

    • Others




Flexible protective packaging accounts for about 60% of the total market share of the Global protective packaging market. Flexible packaging materials have less manufacturing cost and are easy to install. The rising use of recyclable and bio-based packaging materials will expand the market of flexible protective packaging materials.


Segmentation of the global protective packaging market, by


material



  • Foam plastics

  • Plastic

  • Paper & paperboard

  • Others


Plastic dominates the material segment of the Global protective packaging market. The favorable properties of plastics make it an unbeatable competitor in the market. Plastic protective packaging materials are durable, inexpensive, lightweight, impermeable, and less reactive chemically. 


However, the demand for eco-friendly packaging materials has risen significantly. Therefore, the market for protective materials from papers, agricultural wastes, etc is expanding swiftly.


Segmentation of the global protective packaging market, by function



  • Cushioning

  • Blocking & Bracing

  • Void-fill

  • Insulation

  • Wrapping


The void filling segment occupies the major market share owing to the large requirement of void filling materials. These materials may also provide cushioning and insulation to the products. 


Segmentation of the global protective packaging market, by application



  • Food & beverage

  • Health care

  • Industrial goods

  • Automotive

  • Household appliances

  • Consumer electronics

  • Others


The Food & beverage segment is the largest end-user of protective packaging. Food materials including fruits and vegetables are highly susceptible to physical damage during transportation. Therefore, there is a high need for protective packaging in this industry. However, consumer electronics also account for significant market share due to their increased sales. 


Regional Analysis


The different regional markets for the global protective packaging market are:



  • North America

    • US

    • Canada

    • Mexico





  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe





  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia & New Zealand

    • Rest of Asia-Pacific





  • Rest of the world ( RoW )

    • The Middle East

    • South America

    •  




Asia-Pacific is the largest regional market for protective packaging materials. This region is emerging as the largest manufacturing hub for different goods that require protective packaging. Moreover, the rapid economic development in this region has led to an increase in the demand for consumer goods. Furthermore, the increasing penetration of e-commerce companies is also helping the protective packaging market to expand significantly. 


North America is also a significant market for protective packaging. The high demand for packaged goods including food & beverages generates high demand for protective packaging. This region also has a greater presence of protective packaging manufacturing companies which makes easy access to these materials for manufacturers.


Europe follows North America to occupy the third-largest share of the global market. The high demand for packaged products, especially of the environment-friendly packaging market fuels the market growth in this region. The Latin American, Middle East, and African segment is expected to show moderate growth over the forecast period. 


Recent Developments



  • In June 2019, Warburg Pincus, A US-based global private equity firm announced the acquisition of Pregis LLC, a leading manufacturer of protective packaging materials.

  • June 2021- UK-based BUBL Packaging has made a PPE deal with ASAP Innovations


Intended Audience


This report will be beneficial for every stakeholder of the protective packaging market such as :



  • Manufacturers of protective packaging

  • Raw material suppliers

  • R&D institutes

  • Potential Investors

  • End-user industries


Report Overview


This report from Market Research Future provides an in-depth analysis of the protective packaging market in terms of current value and future forecast. This report also highlights the problems and prospects of the given market.


Moreover, the technological analysis section of this report will help in knowing the product and its market prospects. Furthermore, this report contains a detailed analysis of every segment of the given market for the current forecast period. This report has also highlighted the key players and the current developments in the protective packaging market. 



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2027: USD 47.91 Billion
  • 2030 : Significant value
  •   CAGR   5.73% CAGR (2022-2030)
      Base Year   2021
      Forecast Period    2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Product type, material, function and application
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   America (U.S.), Max Packaging (India), Springpack (U.K), Sealed Air Corporation (U.S.), Protective Packaging Solutions (U.S.), Smurfit Kappa Group (U.K), Pregis Corporation (U.S.), ACH Foam Technologies LLC (U.S.), Bayer AG Germany, FP International (U.S.), BASF SE Germany, Macfarlane Group (U.K), Universal Protective Packaging (U.S.), Unisource Worldwide (U.S.), Cellofoam North America Incorporated (U.S.), and Ecovative Design LLC (U.S.).
      Key Market Opportunities   New product launches and R&D Amongst major key Players
      Key Market Drivers

  • Increasing the demand for packaging to protect goods from shock, vibration, and other damaging effects of shipping and handling
  • Increasing e-commerce sector
  • Technological advancements


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    Frequently Asked Questions (FAQ) :

    The plastic material segment is expected to create significant opportunities for expansion in the forthcoming period.

    The Asia Pacific region is appraised to show a remarkable scope for development in the duration of the forecast.

    The rising demand for consumer goods with the growing disposable income of people is the major factor driving the growth of the global protective packaging market.

    Some of the competitors in the market are Springpack (U.K), Protective Packaging Solutions (U.S.), Sealed Air Corporation (U.S.), Smurfit Kappa Group (U.K), Pregis Corporation (U.S.), Universal Protective Packaging (U.S.), ACH Foam Technologies LLC (U.S.), Max Packaging (India) and Unisource Worldwide (U.S.) to name a few.

    Plastic dominates the material segment of the Global protective packaging market owing to its favorable properties like affordability, durability, impermeability, etc.