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Protective Packaging Market Strengths And Weaknesses Of The Key Vendors

As per the report by Grand View Research, the scope of the global Protective Packaging Market is estimated to arrive at US$ 44.6Billion by the completion of 2025. It is expected to witness a CAGR of 5.6% during the forecast period
The products of protective packaging are produced to defend the merchandise from damages. The damages can be due to shock, magnetic materials, electrostatic, atmospheric and others. The products consist of spacers, space fillers, liners and various range of containers or boxes for storage. These products are intended for safe and sound packaging from damages. The protection features include from weather resistance or UV radiation, dampness, insulation from electricity and heat, decreasing vibrations otherwise shocks, and protection from fire
Diverse types of protective packaging are utilized by various professions for example textiles, construction materials, pharmaceuticals, food & beverages, electronic goods, computers, automobile parts, agriculture and others. These are certain end user businesses
Further key findings from the report suggest:
  • The global protective packaging demand was valued at USD 27.42 billion in 2016 and is expected denote a CAGR of 5.6% from 2017 to 2025. Food & beverage emerged as the largest end-use segment in 2016 and is expected to register a predicted CAGR of 6.0% between 2017 and 2025.
  • The global rigid protective packaging segment was valued at USD 3.92 billion in 2016 and is anticipated to witness significant growth over the next eight years. Healthcare segment in Mexico market was USD 59.0 million in 2016 and is projected to grow at a rate of 4.4% from 2017 to 2025.
  • Asia Pacific protective packaging market is projected to experience substantial growth over the next eight years owing to rising demand from various end-use industries, especially from consumer electronics and healthcare markets. In terms of revenue, APAC is expected to register a CAGR of 7.0% between 2017 and 2025.
  • Key players including Smurfit KAPPA Group; Westrock Company; Sealed Air Corporation; Sonoco Products Company; Huhtamaki OYJ; DS Smith PLC; and Pregis LLC dominated the global market
About Grand View Research:
Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 compnies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.
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