Top Insights on the Global Protective Packaging Market | Technavio

The global protective packaging market is expected to grow at a CAGR of more than 6% from 2018-2022, according to a new market research report by Technavio.

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Global protective packaging market segmentation by product and geography

Technavio’s report on the global protective packaging market analyses the business dimensions and presents a comprehensive breakdown in terms of market segmentation by product, including foam protective packaging, rigid protective packaging, and flexible protective packaging. As projected in 2017, around 45% of the market share originated from foam protective packaging. The most popular foam packaging products are foam-in-place, and polyolefin rolled foam.

Based on geography, the global protective packaging market has been segmented into APAC, EMEA, and the Americas. As of 2017, almost 39% of the market share came from APAC.

“APAC dominated the global protective packaging market in 2017, and it is anticipated to project the highest growth during the forecast period. Countries such as China and India are predicted to witness the maximum growth within the region. The prominent growth driver for the protective packaging market in APAC is the growth of e-commerce,” says a senior analyst at Technavio for packaging research.

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Global protective packaging market: competitive landscape

The global protective packaging market is highly fragmented due to the presence of both national and international players. Companies such as Sealed Air are the frontrunners in the industry because of the introduction of their revolutionary products such as Bubble Wrap. The increase in popularity of flexible protective packaging options such as air pillows and paper fills will result in the paper manufacturers gaining a competitive advantage over other vendors in the market.

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Other topics covered in the report:

Market drivers:

• Innovative protective packaging products
• Growing demand for protective packaging

Market trends:

• Growing popularity of home delivery of food and grocery items
• Increased focus on sustainability

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