Protective Packaging Market Size
Protective Packaging Market was valued at over USD 30 billion in 2022 and is estimated to register a CAGR of over 6% between 2023 and 2032.
To get key market trends
The demand for protective packaging has been much raised by the explosive expansion of e-commerce and online buying. Protective materials including bubble wrap, foam, and corrugated boxes are used since businesses have to guarantee that goods reach consumers in flawless condition. Growing knowledge of environmental problems has caused a change in focus toward environmentally friendly packaging materials. Nowadays, many consumers and companies choose recyclable, biodegradable, or environmentally friendly protective packaging solutions created from renewable materials. Product safety and the possibility of liability in case of damaged or faulty goods are worries for businesses more and more.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Protective Packaging Market Size in 2022 | USD 30 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 6% |
| 2032 Value Projection | USD 55 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 230 |
| Tables, Charts & Figures | 280 |
| Segments covered | Product type, function, and end use |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
For example, Smurfit Kappa committed USD 40 million in the expansion of its corrugated plant in Poland in May 2023, adding modern machinery and generating more job possibilities. Now one of the most high-tech packaging facilities in Europe, the Pruszków corrugated plant made the investment With the facility also acquiring a new completed goods storage with the capacity for more than 12,000 pallets, the new technology consists in high-tech corrugator and ultra-modern converting machines. Good protective packaging lowers the possibility of damage during storage and shipping, therefore shielding companies from expensive legal problems.
Factors including supply chain interruptions, rising demand, and inflation have caused raw material costs used in protective packaging—including paper, plastic, and metal—to be rising in recent years. Manufacturers of protective packaging find it more costly to create the items due to the growing cost of raw materials. The expansion of e-commerce is also driving fresh needs for producers of protective packaging. Protective packaging must be able to resist more stresses than conventional packaging as e-commerce packages are handled several times and transported great distances.
COVID-19 Impact
The COVID-19 epidemic had major effects on the protective packaging market that affected not only its business patterns but also the acceptance of particular protective packaging solutions. Seeking contactless alternatives, the epidemic drove a boom in e-commerce and internet purchasing, hence increasing the demand for safe packaging. To safeguard their goods throughout transportation and delivery, companies sought for efficient packing options. Emphasizing the need of protective packaging, this tendency is predicted to remain in the post-pandemic age.
Protective Packaging Market Trends
Using foam materials, including Expanded Polystyrene (EPS) or polyurethane foam, one well-known protective packing method cushions and shields goods from damage during transit. Excellent protection against impacts and vibrations, these foam materials are well-known for their shock-absorbing qualities. Fragile and delicate goods such electronics, glassware, and medical equipment are often packaged in foam protective form. It is flexible and may be fitted to the particular form and size of the product, so guaranteeing optimal protection and a tight fit.
Protective Packaging Market Analysis
Learn more about the key segments shaping this market
There are several kinds of protective packing choices for keeping your valuable items safe during transportation or relocation. Three basic types fall among themflexible, stiff, and foam packaging. Having over 22% of the market share in 2022, foam protective packaging is like the team's star player. By 2032, it is expected to get much more larger and generate amazing USD 13 million in income. Why is it so well-liked? Well, it's a flexible and efficient fix that preserves your priceless and delicate objects sound and safe. Consider foam as the super hero that saves delicate glassware, expensive machinery, or sensitive goods like electronics from damage. Made of materials like EPS, or polyurethane foam, which are like little cushions absorbing shocks and shielding your goods from bruising, The best thing is that foam protective packaging may be customized to exactly match the size and form of your merchandise. It's like a custom-made suit hugging your object closely to stop any movement capable of injury. Foam guarantees that your valuable goods remains secure and intact along its trip by offering a tight and protective barrier. For this reason, it's the first choice for maintaining the soundness of your items along the supply chain.
Learn more about the key segments shaping this market
Imagine yourself shipping a priceless vase all throughout the nation. You would want to pack it in something that keeps it secure and snug on its way. Protective packaging does for goods just that. Puckering is a crucial component of protective packaging. Made of bubble wrap, air pillows, or foam, it's like your products' warm blanket. The cushioning absorbs the impact and protects your vase sound and safe when the box is bumped or shook. The most often used kind of protective packaging in 2022 will be cushioning; it is therefore still predicted to be rather important in the future. People should be spending more than 17 million dollars on padding by 2032! Thus, keep in mind that cushioning is the secret to keeping a delicate present or a pricey box safe and secure should you ever need to send one.
Looking for region specific data?
Hey buddy! Asia Pacific is known by you? They rule the scene of protective packaging like the kings. Their portion of the pie back in 2022 was really large—over 36.5%! In those areas, e-commerce has exploded like wildfire, and manufacturers are producing goods nobody would have considered business-like. And as more people get wealthier, they are all shopping online and must get it securely from point A to point B. Asia Pacific also centers on manufacturing electronics, vehicles, and medical supplies. Protective packaging is much sought after since all those sensitive objects need to be shielded. And here's a neat twistthey absolutely love environmentally responsible packaging. You know, things not damaging Mother Earth. There's a lot of significance there, reflecting events elsewhere. The demand for premium protective packaging will only grow as the area keeps developing. Ultimately, when you're shipping all those products, safe and ecological packaging is essential.
Protective Packaging Market Share
Smurfit Kappa is a leading global provider of innovative and sustainable packaging solutions including protective packaging. With a focus on creating eco-friendly and customizable protective packaging solutions, Smurfit Kappa offers a range of products designed to safeguard goods during transit and storage. The company has expertise in corrugated and paper-based packaging and is committed to sustainability. This positions it as a key player in the protective packaging industry, meeting the evolving needs of businesses for safe and environmentally responsible packaging solutions. The major players operating in the protective packaging industry include
Protective Packaging Industry News
- In July 2021, Smurfit Kappa acquired operations in Mexico. This strengthened the company’s participation in the paper packaging solutions business in the country, expanded its footprint to four folding carton locations, and reaffirmed its commitment to paper-based packaging as its core strategic business.
The protective packaging market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD million) and volume from 2018 to 2032 for the following segments
Click here to Buy Section of this Report
Market, By Product Type
- Foam Protective Packaging
- Rigid Protective Packaging
- Flexible Protective Packaging
Market, By Function
- Cushioning
- Wrapping
- Void Fill
- Insulation
- Blocking & Bracing
Market, By End Use
- Automotive
- Healthcare
- Industrial Goods
- Food & Beverage
- Household Appliances
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- MEA
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy