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Plastic Protective Packaging Market Investigation Reveals Enhanced Growth during the forecast Period, 2018 to 2028

Apr 4th 2019 at 12:43 AM

The latest report by Fact.MR on the plastic protective packaging market offers in-depth analysis along with the valuable insights on the market. The report highlights all the important factors influencing the growth in the plastic protective packaging market. The study includes historical data along with the forecast on the plastic protective packaging market. Micro and macro-economic factors impacting the plastic protective packaging market growth are also included in the report.

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The study also focuses on the quantitative data and qualitative data. The study includes market dynamics such as key trends, growth opportunities, driving factors, and challenges in the plastic protective packaging market. The report also offers segment-wise and region-wise analysis in the plastic protective packaging market along with the focus on key countries. The plastic protective packaging market report also offers data in terms of value, volume, year-on-year growth, and CAGR in the plastic protective packaging market. Competitive landscape in the plastic protective packaging market is also included in the report.

What are the Key Growth Drivers of Plastic Protective Packaging Market?

  • Plastic continues to be the widely used material in protective packaging across various industries, with introduction of advanced materials such as polypropylene that provide high barrier and temperature resistance, thereby, protecting packaged products from harsh environments.
  • Adoption of flexible packaging in the food and beverage, including pouches, bags, sleeves, shrink films, and tubes, owing to their low weight, flexibility, and durability properties, will continue to create growth opportunities for the plastic protective packaging market.
  • With significant growth in the construction and electronics sector, air cushion and bubble packaging have emerged as the viable protective packaging solution for the products ranging from lightweight, delicate objects such as ceramics and housewares, to heavier electronic components and glassware.
  • Bubble products being the most versatile protective packaging, manufacturers are offering multiple configuration, inflated bubble packaging with various grades that adjust the size of bubble as per the product. Moreover, recycled materials are also being used to produce modern inflated bubble products.
  • With an increasing number of consumers opting for online shopping, companies have started focusing on offering protective packaging solutions such as bubble packaging, plastic stretch, and air cushions to ensure the protection of goods during shipping and transportation. According to the US Department of Commerce estimate in 2018, consumers spent $513.6 billion on online shopping, up 14.2% from 2017.

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Plastic Protective Packaging Market - Competitive Landscape

  • Berry Global Group plans to acquire RPC Group for approximately US$ 6.5 billion, including refinancing RPC’s net debt. It plans to create a global plastic and recycled packaging product franchise through this acquisition.
  • Smurfit Kappa Group has acquired Balkanpack with an aim to expand its business in Bulgaria. Smurfit Kappa also plans to take over Vitavel, also a Bulgarian manufacturer.
  • Sealed Air Corporation has entered into an agreement with Kuraray America, Inc. to offer Plantic, a plant-based food packaging in the US, Mexico, and Sealed Air Corporation’s planned investment of US$24 million is underway and the production is likely to start by Q2/2020.

Key players operating in the plastic protective packaging market include Berry Global Group, Inc., AEP Industries Inc., Intertape Polymer Group Inc., Smurfit Kappa Group, Sealed Air Corporation, Signode Packaging Systems Corporation, Winpak Ltd., Kureha Corporation, PREMIUMPACK GmbH, Flexopack S.A., Schur Flexibles Group, Coveris Holdings S.A., Allfo Vakuumverpackungen Hans Bresele Kg, Kuplast Matejka Kumar S.P., and Buergofol GmbH.

Plastic Protective Packaging Market- Additional Insight

Stretch Wrap to Find Widespread Adoption in Protective Packaging across Industries

Stretch wraps have gained high palpability as an effective packaging solution in recent years, with demand attributed to growth in palletizing and shipping activities, in line with rising purchasing power of consumers and retail activities. Improvement in resin strength and machinery technology used in stretch wrap manufacturing is also likely to expand the application range of  stretch wraps in the upcoming years. Multi-layer stretch wraps and films are also gaining popularity across various industries due to the high-strength and customization potential.

Plastic Protective Packaging Market -Research Methodology

The report on the plastic protective packaging market offers actionable and valuable insights along with in-depth analysis backed by the extensive research methodology. The key insights on the plastic protective packaging market are offered with the help of extensive primary and secondary research. Interviews and discussions with industry and market experts formed as the part of primary research methodology. While journals, press releases, company annual reports, and other valid data sources in the plastic protective packaging market were used to gain information and data on the plastic protective packaging market.

Information obtained through both primary and secondary research was used to draw conclusions in the plastic protective packaging market. The research methodology also helped in eliminating misleading information and offering correct and accurate information on the plastic protective packaging market. 2017 has been taken as the base year to offer a forecast on the plastic protective packaging market for the period from 2018 to 2028. The market report on the plastic protective packaging market is an authentic dataset for market players and readers to plan business strategies to gain a competitive advantage in the plastic protective packaging market.

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About Fact.MR

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