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Packaging and Protective Packaging Market

Global Packaging and Protective Packaging Market Size, Share: By Type: Rigid, Flexible; By Function: Cushioning, Blocking and Bracing, Void-fill, Insulation, Wrapping, Others; By Material: Paper and Paperboard, Plastics, Metal, Glass, Others; By End Use: Food and Beverage, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Packaging and Protective Packaging Market Outlook

The global packaging and protective packaging market size was around USD 1.17 trillion in the year 2023. The market is estimated to grow at a CAGR of 4.2% between 2024 and 2032, reaching a value of nearly 1.69 trillion by 2032.

 

Key Trends in the Market

Packaging refers to the enclosing of products using a container, box, or similar item to protect it from damage during shipping and storage. Meanwhile, protective packaging refers to the packaging material used to wrap or protect goods from external conditions during shipping and warehousing. It is engineered to safeguard goods from a range of potential hazards, such as atmospheric, magnetic, electrostatic, vibration, or shock damage.

 

  • The exponential growth of online shopping has resulted in significant changes in product design, packaging, fulfilment, and shipping; and product protection has thus become one of the most crucial aspects for businesses. Hence, the packaging and protective packaging market size is likely to benefit from the expansion of the e-commerce sector, contributing to the demand for packaging solutions that boast high-performance, cost-effectiveness, and versatility.
  • The shift towards sustainable and eco-friendly options that can be reused and recycled is one of the major packaging and protective packaging market trends. Sustainable packaging solutions like paper mailers are gaining popularity due to their eco-friendly qualities, especially in developed markets with strict environmental regulations and recycling programmes, such as North America.
  • With rising demand for consumer electronics, protective packaging solutions are witnessing an increased usage to ensure the safe delivery of products and prevent the risk of damage, especially in case of fragile components. Factors such as product type, material specifications, and environmental conditions influence the selection process of different protective packaging solutions.
  • The packaging and protective packaging market demand is expected to be fuelled in the forecast period by the rising usage of advanced materials and technologies like 3D printing by manufacturers to enhance the production efficiency and functionality of packaging solutions.

 

Market Analysis

The market can be divided by type into rigid and flexible packaging. Based on function, the packaging and protective packaging market segmentation includes cushioning, blocking and bracing, void-fill, insulation, and wrapping, among others. On the basis of material, the market can be categorised into paper and paperboard, plastics, metal, and glass, among others.

 

Based on end use, the market is divided into food and beverage, industrial goods, consumer electronics, household appliances, healthcare, and automotive, among others. The major regional markets for packaging and protective packaging are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global packaging and protective packaging market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • DS Smith Plc
  • Sealed Air Corporation
  • Pro-Pac Packaging Limited
  • Sonoco Products Company
  • Smurfit Kappa Group
  • International Paper Company
  • Storopack Hans Reichenecker GmbH
  • Huhtamäki Oyj
  • Universal Protective Packaging, Inc.
  • WestRock Company
  • Others

 

Market Share by Material

As per the packaging and protective packaging market analysis, paperboard is widely used in various packaging applications, including frozen food, beverage cartons, pharmaceuticals, aseptic boxes, cosmetic and perfume packaging, candy boxes, and cereal boxes, among others. The demand for paper and paperboard packaging, especially from the food and beverage industry, is expected to increase during the forecast period due to the material’s versatility, cost-effectiveness, and flexibility. Moreover, stringent regulations aimed at lowering the use of plastic packaging are pushing manufacturers to look for more eco-friendly and sustainable alternatives, such as paperboard materials, which is expected to further drive its consumption over the coming years.

 

Market Share by Region

The Asia Pacific, with countries like China, India, Japan, Australia, and ASEAN, represents a significant portion of the global packaging and protective packaging market share. The region is expected to experience a robust growth throughout the forecast period as a result of rapid industrialisation  and urbanisations trends observed in emerging economies and growing demand from major end use sectors of the product.

 

The growing consumption of packaged food, particularly in emerging countries such as China and India, contributes to the demand for packaging solutions. Meanwhile, the consumer goods industry is experiencing significant growth in countries like China, Japan, Australia, India, and Indonesia, which further favours the market growth.

 

Competitive Landscape

DS Smith Plc provides sustainable packaging solutions, paper products, and recycling services globally. Originating in East London in the 1940s, the company has a presence in over 30 countries and a workforce of 30,000+ employees. DS Smith is dedicated to sustainability and innovation, utilising  recycled materials and circular economy principles. With a focus on customer satisfaction, DS Smith delivers high-quality products and services through its skilled workforce and advanced technology.

 

Pro-Pac Packaging Limited operates on a global scale, with an extensive distribution and manufacturing network that spans both Australia and New Zealand. Its  range of packaging solutions includes primary, secondary, and tertiary options, catering to a diverse range of industries that includes primary produce, food processing, agriculture, warehousing, logistics, as well as retail and FMCG.

 

Sonoco Products Company is a global packaging manufacturer established in 1899. With over 19,000 employees and operations in 34 countries, the company serves prominent brands, delivering sustainable and comprehensive packaging solutions that enhance brand identities, elevate product quality, and improve customer interactions.

 

Other companies operating in the packaging and protective packaging market include Sealed Air Corporation, Smurfit Kappa Group, International Paper Company, Storopack Hans Reichenecker GmbH, Huhtamäki Oyj, Universal Protective Packaging, Inc., and WestRock Company, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Function
  • Material
  • End Use
  • Region
Breakup by Type
  • Rigid
  • Flexible
Breakup by Function
  • Cushioning
  • Blocking and Bracing
  • Void-fill
  • Insulation
  • Wrapping
  • Others
Breakup by Material
  • Paper and Paperboard
  • Plastics
  • Metal
  • Glass
  • Others
Breakup by End Use
  • Food and Beverage
  • Industrial Goods
  • Consumer Electronics
  • Household Appliances
  • Healthcare
  • Automotive
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • DS Smith Plc
  • Sealed Air Corporation
  • Pro-Pac Packaging Limited
  • Sonoco Products Company
  • Smurfit Kappa Group
  • International Paper Company
  • Storopack Hans Reichenecker GmbH
  • Huhtamäki Oyj
  • Universal Protective Packaging, Inc.
  • WestRock Company
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description   
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Packaging and Protective Packaging Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Packaging and Protective Packaging Historical Market (2018-2023) 
    8.3    Global Packaging and Protective Packaging Market Forecast (2024-2032)
    8.4    Global Packaging and Protective Packaging Market by Type
        8.4.1    Rigid
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Flexible
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Packaging and Protective Packaging Market by Function
        8.5.1    Cushioning
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Blocking and Bracing
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Void-fill
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Insulation
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Wrapping
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Others
    8.6    Global Packaging and Protective Packaging Market by Material
        8.6.1    Paper and Paperboard
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Plastics
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Metal
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Glass
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Others
    8.7    Global Packaging and Protective Packaging Market by End Use
        8.7.1    Food and Beverage
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Industrial Goods
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Consumer Electronics
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Household Appliances
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Healthcare
            8.7.5.1    Historical Trend (2018-2023)
            8.7.5.2    Forecast Trend (2024-2032)
        8.7.6    Automotive
            8.7.6.1    Historical Trend (2018-2023)
            8.7.6.2    Forecast Trend (2024-2032)
        8.7.7    Others
    8.8    Global Packaging and Protective Packaging Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023)
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023)
            8.8.5.2    Forecast Trend (2024-2032)
9    North America Packaging and Protective Packaging Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Packaging and Protective Packaging Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Packaging and Protective Packaging Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Packaging and Protective Packaging Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Packaging and Protective Packaging Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price  
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    DS Smith Plc 
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Sealed Air Corporation 
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Pro-Pac Packaging Limited 
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Sonoco Products Company 
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Smurfit Kappa Group 
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    International Paper Company 
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Storopack Hans Reichenecker GmbH 
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Huhtamäki Oyj 
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Universal Protective Packaging, Inc. 
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    WestRock Company 
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Packaging and Protective Packaging Market: Key Industry Highlights, 2018 and 2032
2.    Global Packaging and Protective Packaging Historical Market: Breakup by Type (USD Trillion), 2018-2023
3.    Global Packaging and Protective Packaging Market Forecast: Breakup by Type (USD Trillion), 2024-2032
4.    Global Packaging and Protective Packaging Historical Market: Breakup by Function (USD Trillion), 2018-2023
5.    Global Packaging and Protective Packaging Market Forecast: Breakup by Function (USD Trillion), 2024-2032
6.    Global Packaging and Protective Packaging Historical Market: Breakup by Material (USD Trillion), 2018-2023
7.    Global Packaging and Protective Packaging Market Forecast: Breakup by Material (USD Trillion), 2024-2032
8.    Global Packaging and Protective Packaging Historical Market: Breakup by End Use (USD Trillion), 2018-2023
9.    Global Packaging and Protective Packaging Market Forecast: Breakup by End Use (USD Trillion), 2024-2032
10.    Global Packaging and Protective Packaging Historical Market: Breakup by Region (USD Trillion), 2018-2023
11.    Global Packaging and Protective Packaging Market Forecast: Breakup by Region (USD Trillion), 2024-2032
12.    North America Packaging and Protective Packaging Historical Market: Breakup by Country (USD Trillion), 2018-2023
13.    North America Packaging and Protective Packaging Market Forecast: Breakup by Country (USD Trillion), 2024-2032
14.    Europe Packaging and Protective Packaging Historical Market: Breakup by Country (USD Trillion), 2018-2023
15.    Europe Packaging and Protective Packaging Market Forecast: Breakup by Country (USD Trillion), 2024-2032
16.    Asia Pacific Packaging and Protective Packaging Historical Market: Breakup by Country (USD Trillion), 2018-2023
17.    Asia Pacific Packaging and Protective Packaging Market Forecast: Breakup by Country (USD Trillion), 2024-2032
18.    Latin America Packaging and Protective Packaging Historical Market: Breakup by Country (USD Trillion), 2018-2023
19.    Latin America Packaging and Protective Packaging Market Forecast: Breakup by Country (USD Trillion), 2024-2032
20.    Middle East and Africa Packaging and Protective Packaging Historical Market: Breakup by Country (USD Trillion), 2018-2023
21.    Middle East and Africa Packaging and Protective Packaging Market Forecast: Breakup by Country (USD Trillion), 2024-2032
22.    Global Packaging and Protective Packaging Market Structure

Key Questions Answered in the Report

What was the global packaging and protective packaging market value in 2023?

In 2023, the market reached an approximate value of USD 1.17 trillion.

What is the growth rate of the packaging and protective packaging market?

The market is assessed to grow at a CAGR of 4.2% between 2024 and 2032.

What is the packaging and protective packaging market forecast for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1.69 trillion by2032.

What are the major market drivers?

The major market drivers include an increase in online shopping and increased sales of packaged food both in developed and developing economies supported by changing consumer spending habits.

What are the key packaging and protective packaging market trends?

Continuous technological advancements in packaging and rising adoption of sustainable packaging materials are key trends aiding the market growth.

What are the major regional markets of packaging and protective packaging, according to the EMR report?

North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa, are the major regional markets of packaging and protective packaging.

What are the different materials used in packaging and protective packaging solutions?

Paper and paperboard, plastics, metal, and glass, among others, are the different materials used in packaging and protective packaging solutions.

Who are the key market players, according to the packaging and protective packaging market report?

The key players in the market are DS Smith Plc, Sealed Air Corporation, Pro-Pac Packaging Limited, Sonocco Products Company, Smurfit Kappa Group, International Paper Company, Storopack Hans Reichenecker GmbH, Huhtamäki Oyj, Universal Protective Packaging, Inc., and WestRock Company, among others.

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