Protective packaging market set to reach $44.5 billion by 2028 with growth drivers in place.
From GlobeNewswire: 2025-06-26 08:30:00
The Protective Packaging Market is set to grow from USD 33.3 billion in 2023 to USD 44.5 billion by 2028 at a CAGR of 5.9%. Protective packaging ensures product safety during storage, transportation, and handling, using materials like foam and bubble wrap. Factors driving market growth include the need for safe product conveyance in sectors like e-commerce and food and beverage.
Key players in the Protective Packaging Market include Smurfit Kappa Group, Sealed Air, Sonoco Products Company, and Crown Holdings Inc. The market is driven by increasing international trade, with opportunities in developing sustainable packaging options. Challenges include maintaining product quality amidst stringent packaging regulations.
By material, paper & paperboard is expected to be the fastest-growing segment, driven by sustainability concerns. Flexible protective packaging is projected to register the highest CAGR, offering versatility and scalability. Cushioning solutions are crucial for protecting products during transit, with the food and beverage segment driving market growth.
Asia Pacific is expected to have the highest CAGR in the Protective Packaging Market, fueled by the growth of e-commerce. Smurfit Kappa Group, a leading provider of paper-based packaging solutions, operates globally and offers eco-friendly packaging alternatives. The company’s total global paper and board capacity is approximately 8.4 million tons per annum.
In conclusion, the Protective Packaging Market is witnessing significant growth driven by the need for safe and reliable product transportation. Key players, including Smurfit Kappa Group, are focusing on eco-friendly solutions to meet sustainability goals. With the rise of e-commerce and increasing consumer demand for safe packaging, the market is poised for continued expansion in the coming years.
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