Global Protective Packaging Market

Protective Packaging Market Size, Share, Growth Analysis, By Type(Flexible, Foam, and Rigid), By Material(Paper & Paperboard, Plastic Foams, Plastic, and Others), By Function(Cushioning, Wrapping, Void Fill, Blocking and Bracing), By Application(Industrial goods, Food Beverages, Consumer Electronics, Automotive), By Region - Industry Forecast 2025-2032


Report ID: SQMIG15H2039 | Region: Global | Published Date: September, 2024
Pages: 157 | Tables: 64 | Figures: 75

Protective Packaging Market News

  • In January 2024, the Indian startup Ston2Pack began producing paper from stone, offering it as a sustainable packaging alternative. Stone paper stands out from virgin pulp paper because its production process involves no deforestation, requires no water, and produces fewer emissions. The material's inherent whiteness, due to its high calcium carbonate content, eliminates the need for bleaches or acids, making it a chemical-free option. Ston2Pack's stone paper is thus a key component in eco-friendly packaging solutions. 

  • In 2023, biosensors, equipped with receptors for detecting biological materials or reactions in food products, have become essential. By monitoring enzymatic, antigen, hormonal, or nucleic acid activities throughout the food supply chain—from manufacturer to consumer—these sensors play a crucial role in preventing foodborne illnesses and reducing related hospitalizations. 

  • In 2023, Controlled Release Packaging (CRP) technology involves the package itself releasing active compounds like antimicrobials, antioxidants, or insect repellents. The primary benefit of using CRP materials is their ability to deliver a consistent supply of active compounds, thereby protecting foods from degradation and microbial growth. 

  • In March 2022, DS Smith Plc, a packaging and recycling company, announced the acquisition of Grupo Lantero's corrugated packaging business in Spain and Portugal. This strategic move enhances DS Smith's position in the Iberian market and strengthens its capabilities in providing protective packaging solutions to customers in the region. 

  • In January 2022, Sealed Air Corporation, a leading protective packaging company, introduced a new sustainable packaging solution called "PaperSeal® Barrier Systems." This system combines paper-based materials with a barrier coating to provide effective protection for food and other perishable products while reducing reliance on traditional plastic packaging. 

  • In November 2021, Pregis LLC, a leading protective packaging solutions provider, launched a new protective packaging product called "Easypack Coiler." This innovative system automatically produces protective paper coils, allowing for efficient and sustainable packaging of products while minimizing material waste. 

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Protective Packaging Market size was valued at USD 35.5 Billion in 2023 and is poised to grow from USD 37.42 Billion in 2024 to USD 56.99 Billion by 2032, growing at a CAGR of 5.4% during the forecast period (2025-2032).

The global protective packaging market is highly competitive, with several key players striving to capture a significant market share. Key companie­s often resort to multiple me­rgers and acquisitions in their pursuit of capturing a larger marke­t share in specific regions. In ce­rtain cases, these companie­s collaborate technologically to deve­lop advanced products with superior performance­ characteristics, aiming to boost their reve­nue. For instance, In February 2023, Smurfit Kappa announced the introduction of Vitop Uni taps for its bag-in-box product range­. This innovative addition provides e­nhanced protection against tampering throughout the­ packaging's entire distribution process. 'Sealed Air Corporation (US) ', 'Sonoco Products Company (US) ', 'International Paper Company (US) ', 'DS Smith Plc (UK) ', 'Smurfit Kappa Group Plc (Ireland) ', 'WestRock Company (US) ', 'Huhtamaki Oyj (Finland) ', 'Storopack Hans Reichenecker GmbH (Germany) ', 'Cascades Inc. (Canada) ', 'Mondi Group (UK) ', 'Berry Global Group, Inc. (US) ', 'UFP Technologies, Inc. (US) ', 'Pratt Industries, Inc. (US) ', 'Ranpak Corp. (US) ', 'Crown Holdings, Inc. (US) ', 'Packaging Corporation of America (US) ', 'Amcor plc (Australia) ', 'Sappi Lanaken Mills (Belgium) ', 'BillerudKorsnas (Sweden) ', 'SABIC (Saudi Arabia)'

The continued growth of e-commerce globally is a major driver for the protective packaging market. With the rise in online shopping, there is a higher demand for secure and damage-free packaging to ensure products reach customers in optimal condition.

Increased Adoption of Sustainable Packaging Materials: The trend towards sustainable packaging continues to gain momentum in 2022. More companies are opting for recyclable and biodegradable materials, such as bio-based plastics and paper-based packaging, to align with environmental goals and meet consumer preferences.

Asia Pacific emerges as the dominating region. The region boasts a robust market share due to various factors. Firstly, North America benefits from a well-established and advanced manufacturing sector, which drives the demand for protective packaging across industries. Additionally, the region has a mature and sophisticated retail and e-commerce market, contributing to the need for reliable packaging solutions for product transportation. North America's strong emphasis on sustainability and environmental regulations also fuels the adoption of eco-friendly protective packaging materials.

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Global Protective Packaging Market

Report ID: SQMIG15H2039

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