1. Market Research
  2. > Manufacturing
  3. > Packaging Market Trends
Packaging and Protective Packaging Market: Global Opportunity Analysis and Industry Forecast, 2017-2023

Packaging and Protective Packaging Market: Global Opportunity Analysis and Industry Forecast, 2017-2023

  • May 2017
  • 180 pages
  • ID: 5056865

Summary

Table of Contents

Packaging and Protective Packaging Market by Material (Paper & Paperboard, Rigid Plastics, Flexible, Metal, Glass, and Others), Function (Cushioning, Blocking & Bracing, Void-fill, Insulation, Wrapping, and Others), and Application (Food, Beverage, Healthcare, Cosmetics, Industrial, and Other Consumer Goods): Global Opportunity Analysis and Industry Forecast, 2017-2023

The global packaging and protective packaging market was valued at $757 billion in 2016, and is expected to reach $1,014 billion by 2023, registering a CAGR of 4.3% from 2017 to 2023. Packaging and protective packaging is a wrapping or container made of plastic, paper, wood, metal, or glass used to store products temporarily to protect and extend their shelf life.

This packaging protects the product from atmospheric, magnetic, electrostatic, vibration, or shock damage during shipping and storage. It also retains the freshness, flavor, and efficacy of the food products for a longer duration by protecting them from water, oxygen, dust, and microorganisms. Packaging and protective packaging includes roller stock, wrap, thermoform container, bubble packaging, protective mailer, air pillow, paper fill, corrugated box, molded pulp, insulated shipping container, paperboard protector, molded foam, foam-in-place, and loose fill.

The food industry is the largest consumer of packaging and protective packaging. According to the Food and Agriculture Organization of the United Nations, roughly one-third of food produced for human consumption is wasted globally.

Thus, packaging, such as insulated shipping container, corrugated box, wrap, roll stock, thermoform container and others, plays a crucial role to increase the durability and efficacy of food products. Packaging provides safe and efficient transport of pharmaceuticals, biologics, vaccines, and other temperature-sensitive products. Volatile corrosion inhibiting (VIC) foams, foam laminated containers, rigid steel racks, folding cartons, dunnage, and various foam pallets are used to protect industrial products, such as earthmoving equipment, construction elevators, metal bodies, and other equipment, from corrosion during shipment and storage. Other consumer products such as electronics devices and household appliances are protected using corrugated boxes, paperboard protectors, bubble packaging, air pillows, molded foams, and loose fills.

Consumers now purchase more products online than in stores. The growing internet and mobile handset penetration in emerging economies, such as China, India, Brazil, Indonesia, Mexico, and others, has led to increase in online shopping.

The growth of e-commerce sales is expected to be the main driver for global packaging and protective packaging market. Third-party logistic companies make use of packaging for safe distribution of fragile, perishable, high, or low value-added products to customers. Thus, increase in participation of third-party logistic companies and improvement in manufacturing activities to meet the high demand of the rising population are expected to fuel the market.

Butane emissions released from the polyethylene foam products during the manufacturing and curing processes can be quantified as volatile organic compound (VOC) emissions. Most of packaging in use are composed of plastics and plastic foam, which do not decompose and cannot recycled, leading to generation of large amount of waste, which pollute the environment. Thus, stringent government regulations towards VOC and packaging waste may hamper the market growth. Increase in R&D activities by various market players to produce biodegradable packaging is expected to present new opportunities for the packaging manufacturers.

In 2016, paper & paperboard packaging accounted for the highest share in the global packaging and protective packaging market, and is expected to maintain its dominance during the forecast period. Rapid growth of manufacturing sector in Asia-Pacific is expected to significantly contribute towards market growth. Rapid growth of food and electronics industries, and a booming e-commerce sector, specifically in China and India, are expected to further propel this market growth.

The global packaging and protective packaging market is segmented based on material, function, application, and geography. By material, the market is classified into paper & paperboard, rigid plastics, flexible, metal, glass, and others.

By function, the market is divided into cushioning, blocking & bracing, void-fill, insulation, wrapping, and others (vibration dampening, moisture protection, UV & weather resistance, and fireproofing). By application, it is categorized into food, beverage, healthcare, cosmetics, industrial, and other consumer goods. The market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major players profiled in this study include:
Smurfit KAPPA Group PLC
Rocktenn Company
Sealed Air Corporation
Sonoco Products Company
Huhtamaki OYJ
DS Smith PLC
Pregis Corporation
Pro-Pac Packaging Limited
Storopack Hans Reichenecker GmbH
The DOW Chemical Company

KEY BENEFITS FOR STAKEHOLDERS
The report provides an in-depth analysis of the current trends, drivers, and dynamics of the global packaging and protective packaging market to elucidate the prevailing opportunities and potential investment pockets.
It offers qualitative and quantitative analyses for the period of 2016-2023 to assist stakeholders to understand the market scenario.
In-depth analysis of the key segments demonstrates the types of material used for packaging and protective packaging and their applications.
Competitive intelligence of the industry highlights the business practices followed by key players across geographies and the prevailing market opportunities.
Key players are profiled with their strategies and developments to understand the competitive outlook of the industry.

KEY MARKET SEGMENTS

By Material
Paper & Paperboard
Rigid Plastics
Flexible
Metal
Glass
Others

By Function
Cushioning
Blocking & Bracing
Void-fill
Insulation
Wrapping
Others (Vibration Dampening, Moisture Protection, UV & Weather Resistance, and Fireproofing)

By Application
Food
Beverage
Healthcare
Cosmetics
Industrial
Other Consumer Goods

By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
South Korea
Japan
Rest of Asia-Pacific
LAMEA
Africa
Middle East
South & Central America

KEY PLAYERS
Jiffy Packaging Co. Limited
Barton Jones Packaging LTD
Automated Packaging System, Inc.
iVEX Protective Packaging Inc.
FP International
Packaging Corporation of America
Universal Protective Packaging
ACH Foam Technologies LLC
Macfarlane Group
Tarheel Paper & Supply Company

(The aforementioned companies have not been profiled in the report, but can be include on request.)

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
2018 Future of Global Smart Packaging Market to 2025- Growth Opportunities, Competition, Trends and Outlook of Smart Packaging Across Applications and Regions Report

2018 Future of Global Smart Packaging Market to 2025- Growth Opportunities, Competition, Trends and Outlook of Smart Packaging Across Applications and Regions Report

  • $ 4580
  • September 2018

The global demand for Smart Packaging is forecast to report strong growth driven by consumption in major emerging markets.More growth opportunities will turn up between 2018 and 2025 as compared to the ...

2018 Future of Global Flexible Packaging Market to 2025- Growth Opportunities, Competition, Trends and Outlook of Flexible Packaging Across Applications and Regions Report

2018 Future of Global Flexible Packaging Market to 2025- Growth Opportunities, Competition, Trends and Outlook of Flexible Packaging Across Applications and Regions Report

  • $ 4580
  • August 2018

The global demand for Flexible Packaging is forecast to report strong growth driven by consumption in major emerging markets.More growth opportunities will turn up between 2018 and 2025 as compared to ...

2018 Future of Global Plastic Packaging Market to 2025- Growth Opportunities, Competition, Trends and Outlook of Plastic Packaging Across Applications and Regions Report

2018 Future of Global Plastic Packaging Market to 2025- Growth Opportunities, Competition, Trends and Outlook of Plastic Packaging Across Applications and Regions Report

  • $ 4580
  • August 2018

The global demand for Plastic Packaging is forecast to report strong growth driven by consumption in major emerging markets.More growth opportunities will turn up between 2018 and 2025 as compared to the ...


ref:plp2017

Reportlinker.com © Copyright 2018. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on