The global protective packaging market is anticipated to grow at a CAGR of 5.7% during the forecast period (2022-2028). The rising use of the internet and smartphone has resulted in an inclination towards online buying of products. Factors such as time-saving, the convenience of buying, and on-door delivery are some benefits of buying products online. Moreover, these e-commerce companies provide a variety of options to choose from multiple available products. After the pandemic, the consumer’s preference has shifted to online purchases, which in turn, has positively influenced the demand for protective packaging solutions.
Browse the full report description of “Protective Packaging Market Size, Share & Trends Analysis Report By Material (Foam Plastics and Paper & Paperboard), By Type (Flexible, Rigid, and Foam), By Application (Food and Beverage, Consumer Electronics, Beauty and Homecare, Pharmaceuticals, and Others), Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/protective-packaging-market
According to the United Nations Conference on Trade and Development (UNCTAD), the gross merchandize value of Alibaba increased from $954 billion in 2019 to $1,145 billion in 2020. Likewise, the gross merchandize value of Amazon increased from $417 billion in 2019 to $575 billion in 2020. The rising trend of online shopping is supporting the demand for protective packaging as it offers protection to products from damage during transportation. Protective packaging has significance for e-commerce businesses as the number of touchpoints has increased during transportation. For instance, on average, an e-commerce package is handled 20 times more frequently than shop-purchased goods. As the package is being handled several times, there is an increased chance of product damage, which in turn, is boosting the adoption of protective packaging. The protective outer layer comes with cardboard boxes is a suitable protective method that is primarily used in the e-commerce packaging sector.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Material
o By Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Smurfit Kappa Group, Sealed Air Corp., Sonoco Products Co., Huhtamäki Oyj, and DS Smith plc.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Protective Packaging Market Report by Segment
By Material
By Type
By Application
Global Protective Packaging Market Report by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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