Protective Packaging Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Material Type (Paper and Paperboard, Plastic, Foam Plastics, Others), By Product Type (Rigid Protective (Corrugated Box, Molded Pulp, Insulated Shipping Containers, Paperboard Protectors, Others), Flexible Protective (Paper Fill, Air Pillows, Bubble Packaging, Protective Mailers, Others), Foam Protective (Loose Fill, Molded Foam, Foam-in-Place, Others)), By Function (Insulation, Wrapping, Blocking and Bracing, Cushioning, Void Fill), By Industry (Food and Beverage, Consumer Electronics, Automotive, Healthcare, Others), And By Geography - Forecasts From 2022 To 2027

The protective packaging market was valued at US$30.892 billion in 2020.

The growing global e-commerce industry is the major driver of the global protective packaging market. Growing internet penetration, rising purchasing power, and the increased proliferation of smartphones and other mobile devices are boosting sales through e-retailing channels, which is augmenting the demand for protective packaging solutions for packaged goods. Rising concerns regarding environmental sustainability along with the strict regulations regarding packaging waste are encouraging packaging manufacturers to invest in R&D and come up with sustainable yet effective packaging solutions, thereby positively impacting the market growth of protective packaging in the coming years. However, fluctuations in raw material prices will hinder the growth of the global protective packaging market during the forecast period.

By Product Type

By Product Type, flexible packaging will witness the fastest market growth, in terms of value, in 2016 due to its cost efficiency and ability to package a wide variety of goods. Increasing demand for processed food and beverages is boosting the market growth of flexible packaging. Moreover, online retailing of delicate products requires air pillows, protective mailers, and bubble packaging, which, in turn, will contribute to this growth during the forecast period.    

By Geography

Geographically, North America held the largest share of the global Protective Packaging market in 2020 owing to the presence of a large number of key players in the region. End-use industries in developed economies such as the U.S. and Canada are increasingly using protective packaging for various applications. Asia Pacific region will witness the fastest regional market growth during the forecast period due to the growing e-commerce industry in emerging economies, especially in China and India. Increasing spending on processed food and beverage products will further boost the demand for protective packaging in this region. Rising demand for OTC drugs will require effective protective packaging solutions in the pharmaceutical sector, leading to significant growth of the Asia Pacific Protective Packaging market during the forecast period. 

Key Developments

• July 2021: As per the July 2021 press release by Smurfit Kappa, in the northeastern Mexican city of Monterrey, there is a folding carton business called Cartonbox, which they had acquired. As a result, the company was able to compete in Mexico's market for paper packaging solutions and grow into four more folding carton locations market.
• January 2020: As per the January 2020 press release by Sealed Air Corporation, the packaging for the bubble wrap brand was updated by Sealed Air Corporation and now contains at least 90% recycled material. This variant of the bubble wrap brand's packaging was made from recycled materials made from post-industrial waste that would have otherwise ended up in landfills.

Impact of COVID-19 on the Protective Packaging Market

Imposed lockdowns and reduced demand from various end-use sectors reduced the demand for protective packaging solutions. Furthermore, limited and restricted trade between countries impacted the sales of protective packaging solutions. Protective packaging producers suffered in 2020 as a result of laws requiring business closures, societal conventions of segregation, and reduced municipal and state government office activity. Still, the recovery from the COVID-19 crisis with rapid vaccination campaigns across North America and Europe helped in the recovery of the demand for protective packaging solutions. Specific package styles used in the healthcare and pharmaceutical industries have seen a marked increase in sales, according to the global packaging industry. Additionally, the utilization of those materials is anticipated to raise R&D spending, which will aid in market expansion.

Protective Packaging Market Scope:

 

Report Metric	Details
Market Size Value in 2020	US$30.892 billion
Growth Rate	CAGR during the forecast period
Base Year	2020
Forecast Period	2022–2027
Forecast Unit (Value)	USD Million
Segments Covered	Material Type, Product Type, Function, Industry, And Geography
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered	Atlas Molded Products (Division of Atlas Roofing Corporation), Buckeye Corrugated, Inc., Cellofoam, Huntsman International LLC, Landaal Packaging System Inc., Packaging Corporation of America, Protective Packaging Solutions Inc., Sealed Air, Mold-Rite Plastics, Sonoco Products Company, DS Smith, BASF SE, Huhtamaki Group, Pregis LLC, Cascade Corporation
Customization Scope	Free report customization with purchase

 

Segmentation

In this report, the Protective Packaging market is segmented by material type, product type, function, industry, and geography:

• By Material Type
  • Paper and Paperboard
  • Plastic
  • Foam Plastics
  • Others
• By Product Type
  • Rigid Protective
    • Corrugated Box
    • Molded Pulp
    • Insulated Shipping Containers
    • Paperboard Protectors
    • Others
  • Flexible Protective
    • Paper Fill
    • Air Pillows
    • Bubble Packaging
    • Protective Mailers
    • Others
  • Foam Protective
    • Loose Fill
    • Molded Foam
    • Foam-in-Place
    • Others
• By Function
  • Insulation
  • Wrapping
  • Blocking and Bracing
  • Cushioning
  • Void Fill
• By Industry
  • Food and Beverage
  • Consumer Electronics
  • Automotive
  • Healthcare
  • Others
• By Geography
  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

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1. Introduction

1.1. Market Overview

1.2. COVID-19 Scenario

1.3. Market Definition

1.4. Market Segmentation

 

2. Research Methodology

2.1. Research Data

2.2. Assumptions

 

3. Executive Summary

3.1. Research Highlights

 

4. Market Dynamics

4.1. Market Drivers

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

 

5. Protective Packaging Market Analysis, By Material Type

5.1. Introduction

5.2. Paper and Paperboard

5.3. Plastic

5.4. Foam Plastics

5.5. Others

 

6. Protective Packaging Market Analysis, By  Product Type

6.1. Introduction

6.2. Rigid Protective

6.2.1. Corrugated Box

6.2.2. Moulded Pulp

6.2.3. Insulated Shipping Containers

6.2.4. Paperboard Protectors

6.2.5. Others

6.3. Flexible Protective

6.3.1. Paper Fill

6.3.2. Air Pillows

6.3.3. Bubble Packaging

6.3.4. Protective Mailers

6.3.5. Others

6.4. Foam Protective

6.4.1. Loose Fill

6.4.2. Moulded Foam

6.4.3. Foam-In-Place

6.4.4. Others

 

7. Protective Packaging Market Analysis, By Function Type

7.1. Introduction

7.2. Insulation

7.3. Wrapping

7.4. Blocking and Bracing

7.5. Cushioning

7.6. Void Fill

 

8. Protective Packaging Market Analysis, By Industry Type

8.1. Introduction

8.2. Food and Beverage

8.3. Consumer Electronics

8.4. Automotive

8.5. Healthcare

8.6. Others

 

9. Protective Packaging Market Analysis, By Geography

9.1. Introduction

9.2. North America

9.2.1. USA

9.2.2. Canada

9.2.3. Mexico

9.3. South America

9.3.1. Brazil

9.3.2. Argentina

9.3.3. Others

9.4. Europe

9.4.1. Germany

9.4.2. France

9.4.3. United Kingdom

9.4.4. Spain

9.4.5. Italy

9.4.6. Others

9.5. Middle East and Africa

9.5.1. Saudi Arabia

9.5.2. Israel

9.5.3. UAE

9.5.4. Others

9.6. Asia Pacific

9.6.1. China

9.6.2. Japan

9.6.3. South Korea

9.6.4. India

9.6.5. Taiwan

9.6.6. Thailand

9.6.7. Indonesia

9.6.8. Others

 

10. Competitive Environment and Analysis

10.1. Major Players and Strategy Analysis

10.2. Emerging Players and Market Lucrativeness

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Vendor Competitiveness Matrix

 

11. Company Profiles

11.1. Atlas Molded Products (Division of Atlas Roofing Corporation)

11.2. Buckeye Corrugated, Inc.

11.3. Cellofoam

11.4. Huntsman International LLC

11.5. Landaal Packaging System Inc.

11.6. Packaging Corporation of America

11.7. Protective Packaging Solutions Inc.

11.8. Sealed Air

11.9. Mold-Rite Plastics

11.10. Sonoco Products Company

11.11. DS Smith

11.12. BASF SE

11.13. Huhtamaki Group

11.14. Pregis LLC

11.15. Cascade Corporation        

Atlas Molded Products (Division of Atlas Roofing Corporation)

Buckeye Corrugated, Inc.

Cellofoam

Huntsman International LLC

Landaal Packaging System Inc.

Packaging Corporation of America

Protective Packaging Solutions Inc.

Sealed Air

Mold-Rite Plastics

Sonoco Products Company

DS Smith

BASF SE

Huhtamaki Group

Pregis LLC

Cascade Corporation