Reports and Data has published a report on the ‘Global Protective Packaging Market Report forecast to 2026’ takes a holistic approach to study the market and the ever-changing dynamics, owing to the COVID-19 pandemic.
The global protective packaging market is expected to reach USD 40.72 Billion by 2026, according to a new report by Reports and Data. Protective packaging products are intended to protect the finished goods from atmospheric, electrostatic, magnetic, vibration, or shock damage. Rising demand for product protection, widespread deployment of flexible packaging over conventional packaging, and increasing inclination towards prolonging the shelf-life of the product are expected to fuel the market demand in the upcoming years.
Technological advancements in packaging play an instrumental role in stimulating market demand. The growth of the market is owing to increasing demand from the food & beverage, industrial goods, and pharmaceutical industries coupled with growing preference for convenient packaging.
Players in the market are putting great emphasis on research & development activities to develop sustainable and eco-friendly packaging materials, which may be reused and recycled. Increasing growth of the e-commerce sector and acceptance of protective materials along with sustainable packaging are anticipated to drive the growth of the market in the forecast period. Many companies are making substantial investments in the development of protective packaging products and are developing products barrier resistance properties that provide resistance to heat and moisture and eliminates oxidation of foods. Additionally, increased consumer spending owing to an increase in the level of disposable income is likely to have a positive impact on market growth.
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Leading companies operating in the market and profiled in the report include:
- Sealed Air Corporation,
- Sonoco Products Company,
- Smurfit Kappa Group,
- DS Smith PLC,
- Pregis Corporation,
- Pro-Pac Packaging Limited,
- Huhtamaki OYJ,
- Westrock, and Ranpack,
- among others.
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Protective Packaging Market Segmentation:
- Blocking & Bracing
The Protective Packaging market is segmented into five major regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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The research provides answers to the following key questions:
- What will be the growth rate of the Industrial Wastewater Treatment market for the forecast period? What will be the market size and the share occupied by the prominent vendors by the estimated period?
- What are challenges and threats faced by the prominent vendors operating in the Industrial Wastewater Treatment market?
- Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?
- What are the past, present and emerging trends likely to influence the growth rate of the Industrial Wastewater Treatment market for the forecast period?
- What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?
Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:
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