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

  • ID: 4368957
  • Report
  • Region: Global
  • 180 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • DS Smith PLC
  • Huhtamaki OYJ
  • Pregis Corporation
  • Pro-Pac Packaging Limited
  • Rocktenn Company
  • Sealed Air Corporation
  • MORE
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.)
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • DS Smith PLC
  • Huhtamaki OYJ
  • Pregis Corporation
  • Pro-Pac Packaging Limited
  • Rocktenn Company
  • Sealed Air Corporation
  • MORE
CHAPTER 1. INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model

CHAPTER 2. EXECUTIVE SUMMARY

2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES

CHAPTER 3. MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top Investment Pockets
3.2.2. Top winning strategies

3.3. PORTERS FIVE FORCES ANALYSIS
3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.1.1. Internet and mobile handset penetration in emerging economies
3.4.1.2. Active participation by third-party logistic companies
3.4.1.3. Improving manufacturing activities

3.4.2. Restraints

3.4.2.1. Stringent government regulations on volatile organic compound (VOC) emissions

3.4.3. Opportunities

3.4.3.1. Increase in R&D activities to produce biodegradable packaging

3.5. MARKET SHARE ANALYSIS, 2016 (%)

CHAPTER 4. GLOBAL PACKAGING AND PROTECTIVE PACKAGING MARKET, BY MATERIAL

4.1. INTRODUCTION

4.1.1. Market Size and Forecast

4.2. PAPER & PAPERBOARD

4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast

4.3. RIGID PLASTICS

4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast

4.4. FLEXIBLE

4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast

4.5. METAL

4.5.1. Key Market Trends, Growth Factors, and Opportunities
4.5.2. Market Size and Forecast

4.6. GLASS

4.6.1. Key Market Trends, Growth Factors, and Opportunities
4.6.2. Market Size and Forecast

4.7. OTHERS

4.7.1. Key Market Trends, Growth Factors, and Opportunities
4.7.2. Market Size and Forecast

CHAPTER 5. GLOBAL PACKAGING AND PROTECTIVE PACKAGING MARKET, BY FUNCTION

5.1. INTRODUCTION

5.1.1. Market Size and Forecast

5.2. CUSHIONING

5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast

5.3. BLOCKING & BRACING

5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast

5.4. VOID FILL

5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast

5.5. INSULATION

5.5.1. Key Market Trends, Growth Factors, and Opportunities
5.5.2. Market Size and Forecast

5.6. WRAPPING

5.6.1. Key Market Trends, Growth Factors, and Opportunities
5.6.2. Market Size and Forecast

5.7. OTHERS

5.7.1. Key Market Trends, Growth Factors, and Opportunities
5.7.2. Market Size and Forecast

CHAPTER 6. GLOBAL PACKAGING AND PROTECTIVE PACKAGING MARKET, BY APPLICATION

6.1. INTRODUCTION

6.1.1. Market Size and Forecast

6.2. FOOD

6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast

6.3. BEVERAGE

6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast

6.4. HEALTHCARE

6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast

6.5. COSMETICS

6.5.1. Key Market Trends, Growth Factors, and Opportunities
6.5.2. Market Size and Forecast

6.6. INDUSTRIAL

6.6.1. Key Market Trends, Growth Factors, and Opportunities
6.6.2. Market Size and Forecast

6.7. OTHER CONSUMER GOODS

6.7.1. Key Market Trends, Growth Factors, and Opportunities
6.7.2. Market Size and Forecast

CHAPTER 7. GLOBAL PACKAGING AND PROTECTIVE PACKAGING MARKET, BY GEOGRAPHY

7.1. INTRODUCTION

7.1.1. Market Size and Forecast

7.2. NORTH AMERICA

7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast
7.2.3. U.S.

7.2.3.1. Market size and forecast, by Material

7.2.4. Canada

7.2.4.1. Market size and forecast, by Material

7.2.5. Mexico

7.2.5.1. Market size and forecast, by Material

7.3. EUROPE

7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast
7.3.3. UK

7.3.3.1. Market size and forecast, by Material

7.3.4. Germany

7.3.4.1. Market size and forecast, by Material

7.3.5. France

7.3.5.1. Market size and forecast, by Material

7.3.6. Italy

7.3.6.1. Market size and forecast, by Material

7.3.7. Spain

7.3.7.1. Market size and forecast, by Material

7.3.8. Rest of Europe

7.3.8.1. Market size and forecast, by Material

7.4. ASIA-PACIFIC

7.4.1. Key Market Trends, Growth Factors, and Opportunities
7.4.2. Market Size and Forecast
7.4.3. China

7.4.3.1. Market size and forecast, by Material

7.4.4. India

7.4.4.1. Market size and forecast, by Material

7.4.5. South Korea

7.4.5.1. Market size and forecast, by Material

7.4.6. Japan

7.4.6.1. Market size and forecast, by Material

7.4.7. Rest of Asia-Pacific

7.4.7.1. Market size and forecast, by Material

7.5. LAMEA

7.5.1. Key Market Trends, Growth Factors, and Opportunities
7.5.2. Market Size and Forecast
7.5.3. Africa

7.5.3.1. Market size and forecast, by Material

7.5.4. Middle East

7.5.4.1. Market size and forecast, by Material

7.5.5. South and Central America

7.5.5.1. Market size and forecast, by Material

CHAPTER 8. COMPANY PROFILES

8.1. SMURFIT KAPPA GROUP PLC

8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Business Performance
8.1.5. Key Strategic Moves and Developments

8.2. ROCKTENN COMPANY

8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Business Performance
8.2.5. Key Strategic Moves and Developments

8.3. SEALED AIR CORPORATION

8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Business Performance
8.3.5. Key Strategic Moves and Developments

8.4. SONOCO MATERIALS COMPANY

8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Business Performance
8.4.5. Key Strategic Moves and Developments

8.5. HUHTAMAKI OYJ

8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Operating Business Segments
8.5.4. Business Performance
8.5.5. Key Strategic Moves and Developments

8.6. DS SMITH PLC

8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Operating Business Segments
8.6.4. Business Performance
8.6.5. Key Strategic Moves and Developments

8.7. PREGIS CORPORATION

8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Operating Business Segments
8.7.4. Business Performance
8.7.5. Key Strategic Moves and Developments

8.8. PRO-PAC PACKAGING LIMITED

8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Business Performance
8.8.5. Key Strategic Moves and Developments

8.9. STOROPACK HANS REICHENECKER GMBH

8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Business Performance
8.9.5. Key Strategic Moves and Developments

8.10. THE DOW CHEMICAL COMPANY

8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Operating Business Segments
8.10.4. Business Performance
8.10.5. Key Strategic Moves and Developments
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • DS Smith PLC
  • Huhtamaki OYJ
  • Pregis Corporation
  • Pro-Pac Packaging Limited
  • Rocktenn Company
  • Sealed Air Corporation
  • MORE
According to a new report titled, "Packaging and Protective Packaging Market by Material, Function, and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023" the global packaging and protective packaging market was valued at $757 billion in 2016, and is projected to reach $1,014 billion by 2023, registering a CAGR of 4.3% from 2017 to 2023. In 2016, the paper & paperboard packaging material segment accounted for approximately one-third share of the global market, in terms of revenue.

Packaging and protective packaging is designed to protect the consumer and industrial goods from shock & vibration and atmospheric, magnetic, and electrostatic forces. Various boxes, storage containers, packing materials, liners, and spacers made of plastic & plastic foams, paper & paperboards, metals, glass, and woods are used for packaging. Various functions of packaging include electrical insulation, thermal insulation, fireproofing, moisture & vapor protection, shock & vibration damping, and UV & weather resistance. Other types of packaging create a protection barrier from oxygen, moisture, and dust to retain the freshness and efficacy of food products. The type of product being packaged and the environmental conditions from which the product must be protected determine the material and type of packaging to be employed.

Growth in participation of third-party logistic companies, which use packaging and protective packaging for safe distribution of fragile, perishable, high, or low value-added products, positively impacts the market growth. Increase in manufacturing activities globally to meet the rising demand of the population has led to increased consumption of packaging, which is further expected to fuel the market growth during the forecast period.

In 2016, paper & paperboard packaging accounted for the highest share in the market, and is expected to maintain its dominance during the forecast period. This is attributed to its extensive applications across several industrial such as food, beverages, healthcare, consumer goods, cosmetic, and industrial. For example, it is used to package fruits, vegetables, ice-cream, and meat in food industry; milk, juice, and soda in beverages industry; and pharmaceutical products, medicines, and medical equipment in healthcare industry. Paper & paperboards are recyclable, and thus are considered as a sustainable packaging solution, which is expected to boost the market growth in the future.

Volatile organic compound (VOC) emission during the manufacturing and curing processes of plastic and plastic foam-based packaging has led to the formulation of various regulations on packaging manufacturers. Moreover, regulatory norms on packaging and protective packaging related to food contact application and pharmaceutical products may hamper the market growth. However, increase in R&D activities by various market players to produce biodegradable packaging and protective packaging is expected to provide opportunities for the packaging manufacturers.

Key Findings of the Packaging and Protective Packaging Market:

Asia-Pacific is expected to maintain its dominant position in the market, in terms of value, during the forecast period, followed by Europe.
Paper & paperboard packaging material generated the highest revenue in 2016, and is projected to grow at a CAGR of 4.2% during the forecast period.
Food industry is the largest application segment, registering a significant CAGR.
LAMEA accounted for approximately one-tenth share of the global packaging and protective packaging market in 2016.
The Asia-Pacific packaging and protective packaging market is anticipated to grow at the highest CAGR.
North America accounted for approximately one-fourth share of the market, and is expected to grow at a CAGR of 4.0% during the forecast period.
Asia-Pacific and LAMEA collectively contributed to about 50% share of the global market, in terms of revenue, in 2016. The key players operating in the global packaging and protective packaging market are 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, and The DOW Chemical Company.
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  • 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.
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
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