Plastic Protective Packaging Market Is Register Robust Growth Surpassing 6.7% CAGR By 2031| Fact.MR

Posted on 2022-11-06 by Fact.MR in Chemicals // 0 Comments

As per the latest Fact.MR market research report, plastic protective packaging will register robust growth surpassing 6.7% CAGR between 2021 and 2031. As of 2019, overall market revenues surpassed US$ 14 Bn. The market will continue to witness robust growth, expanding almost 2x, owing to growing demand for inflatable packaging and increasing adoption of plastic packaging in the e-commerce sector.

Plastic protective packaging industry continues to remain influenced by various factors that range from focus of manufacturers on streamlining and optimization of plastic protective packaging, to advancements in plastic properties in line with reduced waste. Sensing the role of protective packaging the overall end-user experience, leading players in the plastic protective packaging market are focusing on easy-to-use designs, along with consistent branding activities.

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Key Takeaways from the Market Study

Global market for protective plastic packaging likely to expand more than 2x through 2031
Sales of LDPE resin-based stretch wraps expected to close in at 3 million tons
Bubble wraps and air cushions to collectively yield over 50% of global market revenue
Europe to show the highest growth, with revenues closing in at over US$ 4 billion in 2019
U.S to emerge as an opportunistic market, anticipated to register a CAGR exceeding 5% until 2031
India and China to emerge as attractive investment destinations across the Asian region

“Surging dependence on virtual platforms to purchase various categories of merchandize is helping the e-commerce industry to flourish, thereby generating demand for robust packaging solutions, including plastic protective packaging,” says a Fact.MR analyst.

Competitive Landscape

Leading market players are focusing their efforts on developing innovative products to strengthen their position in the global market and are adopting strategies like acquisitions and mergers.

Smurfit Kappa has announced the opening of a new International Safe Transit Association (ISTA) certified lab at its new eCommerce packaging facility in Northampton, UK.
This brings with it an expansion of Smurfit Kappa’s network of packaging testing labs and centers that support retailers and producers to develop, test, and launch disruptive packaging solutions for eCommerce at minimal risk and with reliable implementation.

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Key Companies Profiled :

Berry Global Group Inc.
AEP Industries Inc.
Intertape Polymer Group Inc.
Smurfit Kappa Group
Sealed Air Corporation
Signode Packaging Systems Corporation
Winpak Ltd.
Kureha Corporation
PREMIUM PACK GmbH
Flexopack S.A.
Schur Flexibles Group
Coveris Holdings S.A.

Key Segments Covered

Material Type
- Air Cushion Plastic Protective Packaging
  - PP
  - HDPE
  - LDPE
  - LLDPE
- Plastic Mailer Protective Packaging
  - PP
  - HDPE
  - LDPE
  - LLDPE
- Bubble Plastic Protective Packaging
  - PP
  - HDPE
  - LDPE
  - LLDPE
- Dunnage Bags Plastic Protective Packaging
  - PP
  - HDPE
  - LDPE
  - PVC
- Sleeves Plastic Protective Packaging
  - PP
  - HDPE
  - LDPE
  - PVC
- Shrink Wrap Plastic Protective Packaging
  - PP
  - HDPE
  - LDPE
  - LLDPE
  - PVC

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Questionnaire answered in the Plastic Protective Packaging Market report include:

How the market for Plastic Protective Packaging has grown?
What is the present and future outlook of the global Plastic Protective Packaging on the basis of region?
What are the challenges and opportunities for the Plastic Protective Packaging?
Why the consumption of Plastic Protective Packaging highest in region?
In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Plastic Protective Packaging market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Plastic Protective Packaging market, thus, making it different and special from other reports.
Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Plastic Protective Packaging market and assists to create strategies to overcome the obstacles that may hinder the growth of the Plastic Protective Packaging market.
Leverage: The Plastic Protective Packaging market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Plastic Protective Packaging market.

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