Protective Packaging Market is expected to grow 35.82 Billion USD by 2020

The protective packaging market has been growing in accordance with the growth in the manufacturing and e-commerce industries. The rising production and the growing trend of Internet shopping worldwide highlight the need for protective packaging, which can prevent damages to the product while transporting, storing, and handling.

The report Protective Packaging Market by Material (Foam Plastics, Paper & Paperboard, Plastics), Product Type (Flexible, Rigid, Foam), Function (Cushioning, Blocking & Bracing, Void-fill, Insulation, Wrapping), Application (Food & Beverage, Consumer Electronics, Industrial Goods, Automotive, Household Appliances, Health Care) – Trends & Forecast to 2020” defines and segments the global protective packaging market with analyses and forecasting of the global market size for protective packaging. It also identifies the driving and restraining factors of the market with an analysis of trends, opportunities, burning issues, winning imperatives, and challenges.

Browse 228 tables and 58 figures spread through 157 Pages and in-depth TOC on Protective Packaging Market – Trends & Forecast to 2020″

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MarketsandMarkets: Global Protective Packaging Market is expected to reach USD 35.82 Billion by 2020.

The market is segmented and the market sizes are forecasted on the basis of major regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). The key countries are covered and their market sizes have been forecasted for each region.

The protective packaging market is mostly driven by the rising e-commerce industry and manufacturing activities, increase in the Internet penetration, and the increase in spending by end consumers for packaged products through e-retailing channels. Rising concerns towards the environment and stringent regulations towards packaging waste are encouraging manufacturers to increase their investments in R&D activities to develop sustainable protective packaging materials that can be renewed, recycled & reused.

The global protective packaging market is projected to reach USD 35.82 Billion by 2020, with a CAGR of 6.39% from 2015-2020. The Asia-Pacific region accounted for around 37% of the total market share in terms of value, followed by the North American and European regions.

Some of the key players in the market include Smurfit Kappa Group plc (Ireland), RockTenn Company (U.S.), Sealed Air Corporation (U.S.), Sonoco Products Company (U.S.), Huhtamaki OYJ (Finland), and DS Smith Plc (U.K.).

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