Global Protective Packaging Market 2015 to grow at a CAGR of 10.4% by 2022
Protective Packaging Market Outlook – Global Trends, Forecast, and Opportunity Assessment (2014-2022)
The Global Protective Packaging market is accounted for $14.4 billion in 2014 and is expected to reach $31.9 billion by 2022 growing at a CAGR of 10.4% during the forecast period 2014 to 2022. Growing trend of online shopping, improving industrialized activities and rising disposable income are the key factors driving the market growth. However, the stringent government policies & regulations are restraining the market growth. Emerging economies and investment in R&D activities are the major opportunities for the market. Fluctuation in prices of raw materials acts as the major challenge for the vendors in the market.
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Air pillows are expected to be the fastest-growing segment and rigid protective packaging will be the second-fastest growing segment. China is estimated to grow faster than any other country because of its well-built financial growth along with raise in rapid urbanization and internet shopping.
The Key players in the market include, 3M Company, Sonoco Products Company, Bayer AG, DOW Chemical Company, Inter-Pac, DS Smith PLC, BASF SE, Huhtamaki OYJ, Airpack SpA and Sealed Air Corporation.
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Polyolefin Rolled Foam
Blocking & Bracing
Food & Beverage
Rest of Asia
Rest of the World
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