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Protective Packaging Market by Material, Product Type, Function, Application - Trends & Forecast to 2020

Protective Packaging Market: Forecast until 2020

  • September 2015
  • 259 pages
  • ID: 3273366
In this report:
PLASTIC WAS THE SECOND-LARGEST SEGMENT, WITH A SHARE OF ##.##% IN 2014, AND IS EXPECTED TO GROW AT A CAGR OF ##.##% FROM 2015 TO 2020.
THE DEMAND FOR INSULATED SHIPPING CONTAINER IS PROJECTED TO INCREASE AT A CAGR OF ##.##% FROM 2015 TO 2020 AS A RESULT OF THE GROWING DEMAND FOR TEMPERATURE-SENSITIVE PRODUCTS SUCH AS PHARMACEUTICAL AND LIFE SCIENCE PRODUCTS.

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Elements such as acceleration in the overall production, high disposable income, changing lifestyles in emerging countries including China and India (IN), growing Internet penetration, and Internet shopping have increased the need for using packaged products. This in turn stimulated the industry demand for protective packaging as it is required to prevent damages to products during handling, storing, and transporting through the supply chain.

The bigger actors in the industry have a strong distribution network across the globe and the financial strength to sustain them. The same cannot be said about new sector entrants in the sector. For the protective packaging market, it is essential to have a strong distribution network to enable timely delivery of the product to customers, whenever needed as well as implement all rules & regulations set by different regulatory bodies.

The actors in the overall protective packaging market are well-established. It is very difficult for new actors to enter the industry and compete with established actors. Even end users prefer products from established actors, rather than the new ones.

Growing disposable incomes of people in developing countries, increasing e-commerce sector, and the growing consumer expectation of having securely packaged products drive the increase of the protective packaging market. There are certain factors prevailing in the sector that hinder its development, including stringent rules & regulations in the protective packaging and the increasing environmental concerns.

The overall protective packaging market is marked with intense competition due to the presence of a big number of both, big and small companies. Recent product launches, mergers & acquisitions, and alliances & business developments are the top strategies approved by market actors to assure their increase in the industry.

The top players in the sector are Smurfit Kappa Group plc, RockTenn Company, Sealed Air (NYSE:SEE), Sonoco Products Company, Huhtamaki OYJ, DS Smith Plc, Pregis Corporation, Pro-Pac Packaging Limited, Storopack Hans Reichenecker GmbH, and Dow Chemical (NYSE:DOW). In this industry report, the overall protective packaging market is broken down into material, product class, function, application, and area.

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