Recycling Challenges Pose Hurdles in the $43.26 Billion Protective Packaging Market: Insights and Solutions Explored

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Oct 25, 2023, 10:15 ET

DUBLIN, Oct. 25, 2023 /PRNewswire/ -- The "Global Protective Packaging Market - Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global protective packaging market is poised for substantial growth, projected to reach $43.26 billion by 2028, up from $30.12 billion in 2022, with a robust CAGR of 6.22% during the forecast period from 2022 to 2028. This surge is attributed to various market trends and drivers.

MARKET TRENDS & DRIVERS

Growing E-commerce Industry

The rapid expansion of the global e-commerce sector, particularly during the COVID-19 pandemic, has led to a significant increase in e-commerce sales. This surge has created a substantial demand for secure and efficient protective packaging across various industries, including Food & Beverage, pet food, and healthcare.

A seamless consumer experience is paramount for brand reputation and loyalty, thus propelling the protective packaging market's growth. In response to different demands online, manufacturers and retailers have adopted diverse packaging formats and branding. Lightweight and protective packaging offer sustainable advantages while facilitating an efficient supply chain by enabling easier distribution of goods.

Increasing Demand from the Healthcare Industry

The pharmaceutical sector is a major end-user of protective packaging, employing products like blister plastic films, aluminum foils, and pouches. Blister packaging, which is replacing glass and rigid plastics, is gaining widespread adoption. Materials such as paper and plastic films are commonly used in blister packs, with aluminum foil being used due to its barrier properties, albeit at a higher cost.

Compliance with FDA regulations regarding packaging materials is crucial in the pharmaceutical packaging market, especially in North America, which holds a substantial share of the global pharma market. The need to comply with FDA norms concerning packaging materials drives the pharmaceutical packaging market.

INDUSTRY RESTRAINTS

Recycling Challenges with Protective Packaging Products

Recycling protective pouches and similar products presents significant challenges and is often not economically viable due to the complex processes involved. Multilayer films, which include paper, foil, and plastic combinations, pose additional difficulties in recycling.

Unlike rigid plastic products, recycled protective packaging cannot be used for pharmaceutical and food packaging per FDA regulations, but they can find use in other applications. End-users typically demand high-quality recycled materials while disposing of or sending low-quality materials to energy recovery centers. The recycled material can be used for other applications.

INSIGHTS BY MATERIAL

Protective Plastic Dominates

Protective plastic materials hold the largest market share in the global protective packaging market. Protective plastic pouches are environmentally advantageous, consuming 60% less plastic than rigid packaging and requiring less energy for production, resulting in lower emissions.

These pouches can enhance barrier properties using various substrates and manufacturing methods. Multilayer and multi-material protective packaging are prominent, with protective plastics leading in volume consumption compared to protective paper and foil.

Segmentation by Material

Protective Plastic
Protective Paper
Protective Foil

INSIGHTS BY TYPE

Flexible Protective Packaging Takes the Lead

Flexible protective packaging is poised to dominate the market during the forecast period. It encompasses a range of materials like paperboard, plastic, foil, wax-coated paperboard, and paper, used in applications such as personal care, pet food, and healthcare.

Various types of flexible packaging, including re-closable plastic bags and poly woven bags, cater to different needs, focusing on product protection, packaging design, consumer convenience, performance, and sustainability.

Segmentation by Type

Flexible Protective Packaging
Foam Protective Packaging
Rigid Protective Packaging

INSIGHTS BY APPLICATION

Consumer Packaging Leads the Way

The consumer packaging segment claimed the largest market share in 2022, driven by increased consumption. Products like pouches, blister packs, and strip packs are major categories serving the consumer market and retail stores. While industrial packaging, including FIBCs, stretch, and shrink films, contributes to the market, consumer packaging is expected to grow faster, particularly in non-food and beverage industries.

Segmentation by Application

Consumer Packaging
Industrial Packaging
Healthcare
Personal Care

GEOGRAPHICAL ANALYSIS

APAC, Europe, and North America Dominate

APAC, Europe, and North America collectively held over 79.25% of the market share in 2022. APAC is volume-driven, with a growing retail landscape and organized packaging growth. North America and Europe lead in adopting advanced packaging technologies and equipment and are quick to embrace new trends.

Segmentation By Geography

APAC

China
India
Australia
Japan
South Korea
New Zealand

Europe

Germany
France
UK
Italy
Benelux
Spain
Rest of Europe

North America

US
Canada

Latin America

Mexico
Brazil
Argentina
Chile

Middle East & Africa

Turkey
Egypt
Saudi Arabia
South Africa
UAE

COMPETITIVE LANDSCAPE

Small and medium-sized enterprises play a significant role in the protective packaging market, with larger players adopting inorganic growth strategies to expand their operations. Smaller vendors focus on customization, as competition is primarily based on features and price in niche segments with lower volumes.

Key Company Profiles

Smurfit Kappa
Sealed Air
Sonoco
Huhtamaki
Amcor
Berry Global
Mondi
TC Transcontinental
Constantia Protectives
Ahlstrom
Greif
WestRock
Alu Flex Pack
Aptar Group
And many others

Other Prominent Vendors

Alinvest
Aran Group
Aluberg
American Packaging Corporation
Bischof+Klein
Bioplast
Carcano
Danaflex
Printpack
ProAmpac
Wipak Group
Saica
Etapak
Innovia Films
Uflex
International Paper
Reynolds Group
Novolex
Sigma Plastics
Glenroy
Symetal
Krajcar Pack
ITP
Gascogne Protective
Schur Protectives
Schmid and Folien
RKW
Pouch Partners
Perlen Packaging
Goglio Packaging
Kleiner Protective Packaging
Winpak
Stora Enso
Global-Pak
Di Mauro
Eurofoil
Gerosa Group
LEEB Protectives
Polypak Packaging
PPG
Walki
All4Labels
SIG Combibloc Group
Ringmetall SE
The Reflex Group
Dazpak Protective Packaging

KEY QUESTIONS ANSWERED

How big is the protective packaging market?
What is the growth rate of the global protective packaging market?
What are the growing trends in the protective packaging industry?
Which region holds the most significant global protective packaging market share?
Who are the key players in the global protective packaging market?

Key Attributes:

Report Attribute	Details
No. of Pages	378
Forecast Period	2022 - 2028
Estimated Market Value (USD) in 2022	$30.12 Billion
Forecasted Market Value (USD) by 2028	$43.26 Billion
Compound Annual Growth Rate	6.2 %
Regions Covered	Global

For more information about this report visit https://www.researchandmarkets.com/r/qls3wa

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