Protective packaging market to grow by USD 6.95 billion between 2022 to 2027 | Berry Global Inc., Cascades Inc., Crown Holdings Inc. and more among the key companies in the market- Technavio

NEW YORK, Nov. 9, 2023 /PRNewswire/ — The protective packaging market size is expected to grow by USD 6.95 billion from 2022 to 2027. In addition, the growth momentum of the market will be progressing at a CAGR of  4.02% during the forecast period, according to Technavio. The growth of the e-commerce sector is notably driving the protective packaging market. However,  factors such as growing on-demand packaging in the e-commerce industry may impede market growth. We provide a detailed analysis of 20 companies operating in the protective packaging market, including Berry Global Inc., Cascades Inc., Crown Holdings Inc., Dow Chemical Co., DS Smith Plc, EcoEnclose, Hanchett Paper Co., International Paper Co., Intertape Polymer Group Inc., Mondi Plc, Nefab AB, Pregis LLC, Ranpak Holdings Corp., Sealed Air Corp., Smurfit Kappa Group, Sonoco Products Co., STOROPACK HANS REICHENECKER GMBH, Universal Protective Packaging Inc., WestRock Co., and Winpak Ltd..The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request Free Sample Report.

Protective Packaging Market 2023-2027: Company Analysis

Cascades Inc.- The company offers protective packaging such as Regular boxes, Die cut boxes, and Insulated boxes.

This report provides a full list of key companies, their strategies, and latest developments. Buy Now for detailed company information

Protective Packaging Market 2023-2027: Segmentation

The market is segmented by end-user (food and beverages, industrial goods, consumer electronics, household appliances, and healthcare and others), type (flexible, rigid, and foam), and geography (APAC, North America, Europe, Middle East and Africa, and South America). 

End-user

The food and beverages segment is estimated to witness significant growth during the forecast period. Potential growth in sales of packaged food products is creating demand for protective packaging worldwide. The demand for good quality packaging is likely to increase as food and beverage production increases and exports increase, which is needed to ensure that food products reach their destination safely and hygienically. Packaged food products include cereals, dry foods, frozen foods, candy and confectionery, dairy products, chilled meats, and others. Packaging not only protects foods from spoilage but also ensures that they will remain fresh when they arrive at retail stores. Thus, such factors will drive the growth of the segment in the market during the forecast period. 

Geography 

APAC is estimated to contribute 39% to the growth of the global market during the forecast period. Growing economies such as India and China are anticipated to appear as key revenue contributors to the overall protective packaging market in APAC. Packaging is a very significant aspect of the e-commerce industry, as products are prone to damage during transportation. Multilayered films that offer enhanced protection during transit can be used to protect the packages, such as flexible packaging. Thus, such factors will drive the growth of the market in the APAC region during the forecast period. 

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View Free PDF Sample Report

Protective Packaging Market 2023-2027: Key Highlights

Historic Market Size 2017-2021CAGR of the market during 2023-2027Detailed information on factors that will assist protective packaging market growth during the next five yearsEstimation of the protective packaging market size and its contribution to the parent marketForecasts on upcoming trends and changes in consumer behaviorThe growth of the protective packaging marketAnalysis of the competitive landscape and detailed information on companiesComprehensive details of factors that will impede the growth of protective packaging market companies

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Table of Contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by End-user

7 Market Segmentation by Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Company Analysis

13 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Website: www.technavio.com

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SOURCE Technavio