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Consumer Demand for Pre-Packaged Foods Spurring Demand for Plastic Protective Packaging Market – Fact.MR Study

Plastic Protective Packaging Market

box and bubble wrap, for protection product cracked or insurance During transit isolated and white background.

As per Fact MR’s latest report, the plastic protective packaging market is projected to surpass revenues worth US$ 28 Bn by 2031, registering a robust growth at over 6.7% CAGR across the forecast period. In volume terms, the global market for plastic protective packaging exceeded 9 billion tons as of 2019.

From 2016 to 2020, the industry maintained a strong growth trajectory, representing a CAGR above 5% to reach a valuation of US$ 14.6 Bn as of 2020. The COVID-19 pandemic has further fueled expansion, as reliance on e-commerce to purchase different categories of merchandize increased exponentially.

Plastic protective packaging industry continues to remain influenced by various factors that range from focus of manufacturers on streamlining and optimization of plastic protective packaging, to advancements in plastic properties in line with reduced waste. Sensing the role of protective packaging the overall end-user experience, leading players in the plastic protective packaging market are focusing on easy-to-use designs, along with consistent branding activities.


Key Takeaways from the Market Study

“Surging dependence on virtual platforms to purchase various categories of merchandize is helping the e-commerce industry to flourish, thereby generating demand for robust packaging solutions, including plastic protective packaging,” says a Fact.MR analyst.

Competitive Landscape

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, PREMIUM PACK GmbH, Flexopack S.A., Schur Flexibles Group, Coveris Holdings S.A., Allfo Vakuumverpackungen Hans Bresele Kg, Kuplast Matejka Kumar S.P., and Buergofol GmbH.

Leading market players are focusing their efforts on developing innovative products to strengthen their position in the global market and are adopting strategies like acquisitions and mergers.

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