Protective packaging is designed to provide protection and prevent damages to the product during shipment and storage. Protective packaging helps to protect the product by conserving the integrity of the product. Protective packaging is available in three forms such as flexible protective packaging solution, rigid protective packaging solution, and foam protective packaging solution.
The global protective packaging market is estimated to be valued at US$ 31,766.5 million in 2021 and is expected to exhibit a CAGR of 5.3% over the forecast period (2021-2028).
Market Dynamics
• Rapid urbanization and industrialization is expected to drive growth of the protective packaging market. Advancement in technology is again projected to foster growth of the market. For instance, in September 2021, Pregis has partnered with German chemical and consumer goods company Henkel to develop sustainable protective packaging solutions for commercial launch.
However, growing environmental concerns due to waste generated by protective packaging is projected to hinder growth of the market.
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Detailed Segmentation:
• Global Protective Packaging Market, By Material Type:
◦ Foamed Plastic
◦ Paper
◦ Plastic
• Global Protective Packaging Market, By Product Type:
◦ Foam Protective Packaging
◦ Flexible Protective Packaging
◦ Rigid Protective Packaging
• Global Protective Packaging Market, By Function Type:
◦ Wrapping
◦ Void Fill
◦ Insulation
◦ Cushioning
◦ Blocking & Brace

Top Keyplayers:
Key companies covered as a part of this study include Sonoco Products Company, Sealed Air Corporation, Packaging Corporation of America, ACH Foam Technologies, Inc., BASF SE, Cascades Inc., Pregis Corporation, Ranpak Corp., Storopack Hans Reichenecker GmbH, and Advanced Protective Packaging Ltd
Market Opportunities
The growing inclination of manufacturers towards bioplastic materials for protective packaging is projected to bring new market opportunities in the near future. For instance, in May 2019, Eastman showcases sustainable packaging innovations at LUXE PACK New York, Eastman Tr?va™ engineering bioplastic, and Cristal EV600™ copolyester. They can serve as a direct replacement for ABS and enables opportunities for downgauging in packaging applications. Moreover, they offer better performance and less environmental impact.

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