Protective Packaging Market forecast period 2016 to 2022

 The global protective packaging market was valued at USD 23.14 billion in 2016, and is expected to grow at a CAGR of 5.67 percent to USD 32.02 billion by 2022. The study's base year is 2016, with market size projections ranging from 2017 to 2022. The study's main goal is to define, segment, and forecast market size based on type, material, function, application, and region


The study also intends to analyse micromarkets strategically in terms of individual growth trends, future prospects, and contribution to the overall market. It also includes thorough information on the major variables impacting market growth (drivers, restraints, opportunities, and industry-specific challenges). In addition, the report examines market trends such as acquisitions, new product launches, and market expansions.

The top-down strategy was employed in the research technique to assess and forecast market size. The entire market size for protective packaging was estimated, and percentages were assigned to different sectors in each of the segments based on extensive primary interviews and secondary research from organisations such as the International Flexible Packaging Group (IFPG),Protective Packaging World, Protective Packaging Magazine, and the Corrugated Packaging Council. Primary research involved in this report includes extensive interviews with key people such as CEOs, VPs, directors, and executives. The complete market was divided into many segments and sub-segments after the overall market size was determined. To complete the total market engineering process and arrive at exact numbers for all segments and sub-segments, data triangulation and market breakdown processes were used. The graphic below depicts the breakdown of primary respondent profiles.

Various stakeholders in the protective packaging market make up the market ecosystem. It all starts with raw material providers like Smurfit Kappa Group (Ireland), Sealed Air Corporation (US), Sonoco Products Company (US), Huhatamaki (Finland), and Ranpak (US), which are protective packaging manufacturers..The assembly team, which is overseen by manufacturers such as Pregis Corporation (US), Pro-Pac Packaging (Australia), Storopack Hans Reichenecker (Germany), Dow (US), and DS Smith, is the next stage in the chain (UK). The finished products are next marketed and sold, which is only possible if an effective distribution channel is established. Finally, the finished goods distributed to the consumers.

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