As per latest Fact.MR analysis, the global plastic protective packaging market is estimated to be worth around US$ 15 Bn in 2021. The overall sales are expected to grow at 6.7% CAGR between 2021 and 2031, surpassing a valuation of US$ 28.8 Bn by the end of 2031.

Increasing manufacturing output, high consumer spending through e-commerce, and continuous technological advancements are some of the factors driving the plastic protective packaging market.

Rising manufacturing activities across various industries are fueling the demand for plastic protective packaging.  Manufacturers are continuously emphasizing on reducing the overall shipping and logistics costs incurred in supply chains.

As plastic protective packaging solutions offer superior security, temperature resistance, durability, high barrier against damage, and cost-efficient features, they are being extensively adopted for shipping and transportation of diverse products.

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Growing popularity of e-commerce is one of the chief factors driving the plastic protective packaging demand. With changing lifestyle people are more inclined towards purchasing products online.  Expansion of ecommerce platforms will therefore present conducive environment for the growth of the market.

Key players are continuously focusing on launching new products from recycled materials. New recycling plants are being established. More attention is being given towards easy-to-use designs. This is expected create novel scope for expansion of the market worldwide.

Besides this, sales are expected to increase on account of the growing demand for pre-packaged foods. Stretch wraps have emerged as a preferred packaging solution in the food sector. As per Fact.MR, the demand for stretch wrap will grow swiftly as a result of its better recyclability, flexibility, and moisture, dust and tamper resistance. Sales of LDPE (low density polyethylene) resin-based stretch wrap are expected to reach around 3 million tons in 2022.

 "Focus on innovations has become the top priority for companies operating in the plastic protective packaging market. They are emphasizing on the use of recycled materials to offer sustainable packaging solutions and curb carbon footprint," says the Fact.MR analyst.

Key Takeaways from Plastic Protective Packaging Market Survey

• Global plastic protective packaging market is poised to expand by 2X through 2031.

• The U.S. market is expected to grow at around 5% CAGR between 2021 and 2031 owing to the presence of prominent packaging giants.

• Sales of plastic protective packaging across the Europe are projected to generate revenues of over US$ 4 Bn by 2021 end.

• China will emerge as a lucrative market for plastic protective packaging market during the forecast period.

• Air cushions and bubble wraps will collectively generate 50% of the total revenue.

Key Drivers

• Expansion of manufacturing industries along with growing demand for cost efficient packaging solutions are driving the plastic protective packaging market

• Improving ecommerce penetration worldwide and focus on expansion of online presence by diverse brands will create scope for increasing sales of plastic protective packaging

• Introduction of lightweight and recyclable plastic materials like polypropylene (PP) will bode well for the market.

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Competitive Landscape

Companies operating in the plastic protective packaging market are focusing on developing innovative products to strengthen their position. They have adopted various organic and inorganic growth strategies such as mergers, acquisitions, partnerships, new product launches and collaborations.

• In January 2021, the protective packaging specialist Storopack launched a new air cushion film that is produced from 100% recycled material. The new product i.e., AIRplus 100% is ideal for companies that value high quality protective packaging to keep their own products safe.

• In January 2020, Sealed Air Corporation, the original inventor of BUBBLE WRAP launched a new version of BUBBLE WRAP brand packaging material that is made with at least 90% recycled content,

Some of the prominent players operating in the plastic protective packaging market profiled by Fact.MR are:

• 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

• PREMIUM PACK GmbH

• Flexopack S.A.

• Schur Flexibles Group

• Coveris Holdings S.A.

• Allfo Vakuumverpackungen Hans Bresele Kg

• Kuplast Matejka Kumar S.P.

• Buergofol GmbH

More Insights on the Global Plastic Protective Packaging Sales Outlook

Fact.MR provides an unbiased analysis of plastic protective packaging market, presenting historical

demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for plastic protective packaging with a detailed segmentation on the basis of:

Material Type

• Air Cushion Plastic Protective Packaging

• PP

• HDPE

• LDPE

• LLDPE

• Plastic Mailer Protective Packaging

• PP

• HDPE

• LDPE

• LLDPE

• Bubble Plastic Protective Packaging

• PP

• HDPE

• LDPE

• LLDPE

• Dunnage Bags Plastic Protective Packaging

• PP

• HDPE

• LDPE

• PVC

• Sleeves Plastic Protective Packaging

• PP

• HDPE

• LDPE

• PVC

• Shrink Wrap Plastic Protective Packaging

• PP

• HDPE

• LDPE

• LLDPE

• PVC

• Stretch Wrap Plastic Protective Packaging

• PP

• HDPE

• LDPE

• LLDPE

• PVC

• Stretch Hood Plastic Protective Packaging

• HDPE

• LDPE

• LLDPE

Key Questions Covered in the Plastic Protective Packaging Sales Outlook Report

• The report offers insight into plastic protective packaging demand outlook for 2021-2031

• The market study also highlights projected sales growth for plastic protective packaging market between 2021 and 2031

• Plastic protective packaging market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry

• Plastic protective packaging market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

The packaging industry has seen technological disruption like no other. The rise of the modest packaging to an Intelligent solution which drives consumer experience but also in an eco-friendly way, has been stupendous.

Join our webinar on "Rise of Intelligent Packaging" in collaboration with MarketNage and Future Market Insights with industry experts. Register here: https://bit.ly/3lpeZoi

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Food Service Packaging Market- Changing lifestyles have influenced eating patterns, with ready-to-eat foods becoming more popular. As a result, demand for various types of food service packaging has increased, with an emphasis on convenient packaging driving demand. During the COVID-19 crisis, there was a surge in demand for reusable and recyclable containers. This prompted companies to create organic, environment friendly, and recyclable items for the worldwide market.  In the food service packaging sector, paper packaging, refilling, recycling, and lowering packing volumes have all gained popularity.

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SOURCE Fact.MR