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Protective Packaging Market, by Material, Type, Function, Application And Region - Global Forecast to 2022

Protective Packaging Market: Global Forecast until 2022

  • February 2018
  • 232 pages
  • ID: 3273366
In this report:
In this region, Turkey is expected to witness high demand for protective packaging; it accounted for a ##.##% market share in 2016, followed by the Saudi Arabia.
According to the National Bureau of Statistics of China (NBS), the online retail sales of goods and services in the country reached USD ##.## billion in the first half of the year 2017, registering year-on-year growth of ##.##%.


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Increase in demand from the food & beverage sector to drive the industry for protective packaging

The overall market for protective packaging is forecasted to grow from ~$24.3B in 2017, to attain ~$32.0B by 2022, at a compound annual growth rate of ~5.7 percent. The protective packaging market is influenced by Elements such as rise in demand for sustainable packaging, rise in demand for protective packaging, profitability, and reduced packaging waste.

Elements such as increase in demand from the food & beverage market and preference for convenient packaging are driving the industry demand for protective packaging. Emerging sectors, including the Asia Pacific area, have contributed to an rise in the application of protective packaging in packaging products. Stringent government regulations associated to the environmental impact of packaging waste is a restraining factor for the protective packaging market

Flexible protective packaging segment, by category, forecasted to grow at the highest CAGR (Compound annual growth rate) during the outlook period

The flexible protective packaging, by category, is expected to grow at the highest compound annual growth rate (CAGR) between 2017 and 2022.

The growth in demand from consumer electronics and healthcare markets is driving the expansion of flexible protective packaging in the protective packaging market. It also offers good barrier resistance properties from damage including shock and vibration. Flexible protective packaging is increasingly being adopted by different sectors for packaging food, beverages, fertilizers, pet food, and cosmetics

Asia-Pac to benefit maximum traction during the estimate period

The Asia Pacific area is forecasted to be the quickest developing market during the outlook period, succeeded by North America (NA).

In the Asia Pacific area, China (CN) is the biggest consumer of protective packaging, succeeded by India (IN). China (CN), with its increasing food & beverage, healthcare, and consumer electronics industries, is predicted to push the protective packaging market. India (IN), with its increasing inclination toward convenient product packaging, is anticipated to influence the protective packaging market in the Asia Pacific area.

Distribution of primaries

Primary Q&A were managed with a number of industry experts to gather info associated to various aspects of protective packaging. The classification of primaries interviews is like:

• By Company category: Tier 1 - 31.0 percent, Tier 2 - 37.0 percent, and Tier 3 - 32.0 percent

• By Description: C-suite - 65.0 percent and Grade of manager - 35.0 percent

• By Area: North America continent - 25.0 percent, Europe (EU) - 28.0 percent, Asia Pacific (APAC) - 22.0 percent, South America region - 10.0 percent, and Middle East (ME) & African continent - 15.0 percent

Segment Research

The market research defines, segments, and projects the protective packaging market size on the basis of class, material, function, application, and area. The market research examines competitive developments including acquisitions, business developments, and recent product launches in the protective packaging market.

This study will help the industry leaders (and new entrants) in the following points:

1. This document breaks down the protective packaging market comprehensively and offers the closest approximation of the revenue numbers for the global market and the sub-segments across the distinct verticals and localities.

2. This business report will facilitate partners to comprehend the sector and offer them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners to better find out their players and obtain additional insights into their rank in the business sector.

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