Research and Markets: Global Protective Packaging Market by Material, Product Type, Function & Application – Trends & Forecast to 2020
September 16, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/htjcq5/protective) has announced the addition of the “Protective Packaging Market by Material, Product Type, Function & Application – Trends & Forecast to 2020” report to their offering.
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.
Increasing disposable incomes of people, rapid urbanization, and changing lifestyles are likely to drive the demand for packed goods and e-retailing channels. This will further boost the market for protective packaging over the next five years. In addition to this, the rising concern towards the environment will increase the demand for sustainable protective packaging, which can be reused and recycled. This will drive innovations in technologies used for protective packaging.
The global Protective Packaging Market is projected to reach $35.82 Billion by 2020, with a CAGR of 6.39% from 2015-2020. The Asia-Pacific region is projected to grow at the highest CAGR of 7.62% during the forecast period, that is, 2015 to 2020.
The flexible protective packaging market is projected to grow at the highest CAGR of 7.63% from 2015 to 2020. The protective packaging market was dominated by the rigid protective packaging segment, which accounted for 38% of the total market in 2014.
The global protective packaging market is marked with intense competition due to the presence of a large number of both, big and small firms. New product launches, mergers & acquisitions, and partnerships & expansions are the key strategies adopted by market players to ensure their growth in the market.
Key Topics Covered
- Introduction
- Research Methodology
- Executive Summary
- Premium Insights
- Market Overview
- Industry Trends
- Protective Packaging Market, By Material
- Protective Packaging Market, By Product Type
- Protective Packaging Market, By Function
- Protective Packaging Market, By Application
- Geographic Analysis
- Competitive Landscape
- Company Profiles
- Appendix
Companies Mentioned
– DS Smith
– Huhtamaki
– Pregis
– Pro-Pac Packaging
– Rocktenn
– Sealed Air
– Smurfit KAPPA
– Sonoco Products
– Storopack Hans Reichenecker
– The DOW Chemical Company
For more information visit http://www.researchandmarkets.com/research/htjcq5/protective
View source version on businesswire.com: http://www.businesswire.com/news/home/20150916005682/en/
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Sector: Packaging
