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Protective Packaging Market Trends

Report ID: GMI7475
Published Date: Nov 2023
Report Format: PDF

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Protective Packaging Market Trends

One prominent protective packaging solution is foam protective packaging, which involves the use of foam materials, such as Expanded Polystyrene (EPS) or polyurethane foam, to cushion and protect products from damage during transit. These foam materials are known for their shock-absorbing properties, providing excellent protection against impacts and vibrations. Foam protective packaging is commonly used for fragile and sensitive items such as electronics, glassware, and medical devices. It is versatile and can be customized to fit the specific shape & size of the product, ensuring a snug fit and maximum protection.

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

Market size for protective packaging surpassed USD 30 billion in revenue in 2022 and is projected to expand at over 6% CAGR from 2023 to 2032 owing to the rapid growth of e-commerce and online shopping worldwide.

Foam protective packaging industry accounted for over 22% revenue share in 2022 and is expected to amass more than USD 13 million by 2032 owing to surging adoption as a versatile and effective solution for safeguarding delicate and valuable items during shipping and transportation.

Asia Pacific held more than 36.5% of the protective packaging industry revenue share in 2022 and is estimated to exhibit robust growth through 2032 attributed to the rapid expansion of e-commerce, increased manufacturing activities, and the growing middle-class population.

Some of the leading protective packaging market players are Sonoco, Sealed Air Corporation, Smurfit Kappa, Dow, Huhtamaki, Ds Smith Plc, and Pro-Pac Packaging Limited.