Flexible Protective Packaging is a type of packaging of the sensitive products to protect them from damages during transportation or storage. Protective packaging is used as a primary packaging as well as secondary packaging material based on the products’ end-use application. It is designed for all types of applications, with the objective of protecting it from any kind of damages. The primary focus is to reduce volumes and weight of incoming and outgoing packaging materials. Flexible packaging includes protective mailers, bubble packaging, air pillows and paper fill.
Increasing e-commerce sales is the key driving factor for the growth of the flexible protective packaging market. Products purchased through online channels are wrapped and delivered straight to consumers, increasing requirements for products such as protective mailers, and air pillows, used to guarantee products shipped from retailer warehouses or third-party logistics service providers arrive without being damaged. These factors require cost-effective packaging used in the protection of goods from damaging effects of shipping and handling.
Moreover, increasing adoption for protective packaging in various sector across the globe is the ongoing trend observed, which is expected to support market growth in the near future. The market players are engaged in developing more convenient solutions such flexible packaging by combining the qualities of plastic, film, paper and aluminium foil to deliver a broad range of protective properties while employing a minimum of material. It can be a potential opportunity for market players over the forecast period.
The global flexible protective packaging market report has been segmented on the basis of type, function, application, and region. On the basis of region, the global protective packaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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The North America market dominates the global flexible protective packaging market in terms of revenue. The market in Asia Pacific is projected to have fastest growth with highest CAGR, owing to combination of its large manufacturing sector which is expected to boost growth of the global flexible protective packaging market.
key players in the global flexible protective packaging market include, Pregis Corporation, Pro-Pac Packaging, Storopack Hans Reichenecker, Dow, DS Smith, Smurfit Kappa Group, Sealed Air Corporation, Sonoco Products Company, Huhatamaki and Ranpak