Vidarbha News

Protective Packaging Market Set to Secure $38.8 Billion Value by 2026 with a Strong 5.4% CAGR| MarketsandMarkets™

 Breaking News
  • No posts were found

Protective Packaging Market Set to Secure $38.8 Billion Value by 2026 with a Strong 5.4% CAGR| MarketsandMarkets™

September 08
14:32 2023
Protective Packaging Market Set to Secure $38.8 Billion Value by 2026 with a Strong 5.4% CAGR| MarketsandMarkets™
Browse 361 market data Tables and 63 Figures spread through 305 Pages and in-depth TOC on “Protective Packaging Market”
The Protective Packaging Market is witnessing substantial growth as companies prioritize product safety during shipping. It’s driven by e-commerce, pharmaceutical, and electronics industries, with innovations in materials and designs to safeguard goods.

The global protective packaging market size is estimated at USD 29.8 billion in 2021 and is projected to reach USD 38.8 billion by 2026, at a CAGR of 5.4%, between 2021 and 2026. Protective packaging is used to protect the product from damages such as shock, vibration, moisture, and compression during transportation, handling, and storage of products at warehouses. It offers features such as thermal & electrical insulation, shock dampening, fireproofing, and atmospheric protection to packed products. 

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=39055502 

The key players in the protective packaging market are Smurfit Kappa (Ireland), Sealed Air Corporation (US), Sonoco (US), Huhtamaki (Finland), DOW (US), and others. The protective packaging market report analyzes the key growth strategies adopted by the leading market players, between 2016 and 2021, which include expansions, mergers & acquisition, new product developments/launch, and collaborations.

Smurfit Kappa (US) is an integrated manufacturer of paper-based packaging products. The company manufactures, distributes, and sells corrugated containers, containerboard, and other paper-based packaging products such as graphic board, solid board, and bag-in-box. It has its operations in Europe, South America, and North America. The company operates in 21 countries in Europe and 11 countries in the Americas. It has 34 mills, 229 converting plants, 48 recovered fiber facilities and two wood procurement operations, and 31 other production facilities. The company’s end customer is the corrugated packaging market, which uses packaging for product marketing, protection, and selling purposes. Smurfit Kappa Holdings Italia, S.p.A. (Italy), Smurfit Kappa Holdings (US), Smurfit Kappa Ireland Limited (Ireland), and Smurfit Kappa Packaging UK Limited (England) are some of the subsidiaries of the company.

Sealed Air Corporation (US) is a key player in the packaging industry and offers protective packaging products to an array of industries such as food & beverage processing, retail, food service, commercial & consumer, and healthcare & industrial applications. The company has an extensive global reach, with operations in 48 countries to reach customers across 124 countries. Sealed Air serves a diverse global customer base, with a sales and distribution network reaching 124 countries.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=39055502 

The company is present in North America, Europe, the Middle East & Africa, APAC, and South America. It utilizes its broad geographic presence and extensive distribution network position to capitalize on growth opportunities in markets around the world. It has 100 manufacturing facilities coupled with 56 labs/research facilities. Furthermore, it has 4 packaging development & innovative centers as well as 27,000 patents worldwide. Sealed Air Corporation has 4 Packaging Development and Innovation Centers located in the US, Italy, and Singapore; 7 equipment design centers in the US, France, Switzerland, Italy, and Singapore, targeting innovation in equipment and digital solutions; 4 customer application centers in China, India, Singapore, and Taipei; and 41 package design and applications centers for product care, globally.

Read Our Trending Press Release Below:

Aluminum Foam Industry– Global Forecast to 2027

Aliphatic Hydrocarbon Solvents and Thinners Market – Global Forecast to 2025

About MarketsandMarkets™ 

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. 

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The Knowledge Store™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. 

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/protective-packaging-market-39055502.html

Categories