Protective Packaging Market to Exceed A Value of $38.8 Billion by 2026 | MarketsandMarkets™
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.
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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.
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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.
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