North America Packaging And Protective Packaging Market Report
North America Packaging and Protective Packaging Market by Material (Paper & Paperboard, Rigid Plastics, Flexible, Metal, Glass, and Others), Function (Cushioning, Blocking & Bracing, Void-fill, Insulation, Wrapping, and Others), and Application (Food, Beverage, Healthcare, Cosmetics, Industrial, and Other Consumer Goods): North America Opportunity Analysis and Industry Forecast, 2018–2025
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North America Packaging and Protective Packaging Industry Overview:
The North America packaging and protective packaging market was valued at $ 191,536 million in 2017 and is projected to reach $ 262,784 million by 2025, growing at a CAGR of 4.0% from 2018 to 2025. Packaging and protective packaging is mainly use for protecting the products. It maintains the quality of the products.
Packaging and protective packaging is a wrapping or container made of plastic, paper, wood, metal, or glass. It is used to store products temporarily to protect and extend their shelf life. It’s also used in a wide variety of different industries including automotive, appliance, aerospace, electronics, food & beverage and pharmaceuticals. This packaging protects the product from atmospheric, magnetic, electrostatic, vibration, or shock damage during shipping and storage.
North America packaging and protective packaging market demand is increase during the forecast period due to rise in sales owing to internet shopping. In addition, changing lifestyles of their people is mainly to increased adoption of fast and convenience foods is also rise the growth of this market. Moreover, development of manufacturing markets is projected to supplement the growth of the North America packaging and protective packaging market. Tensile protective packaging products such as protective mailers, air pillows, bubble packaging, dunnage bags, and paper fill products are extensively utilized to their cost-effectiveness, lightweight, and their ability to package wide range of goods. On the other hand, strict government regulations towards the usage of packaging materials such as PVC and PE that emit VOC hamper the North America packaging and protective packaging market growth.
However, introduction of biodegradable plastics for protective packaging is anticipated to growth opportunity to North America packaging and protective packaging market. It helps to reduce the plastic pollution and carbon emission over the country. Furthermore, rise in the population, is also helps to increasing the demand for protective packaging products is expected to growth opportunity for this market.
The market is segmented based on material, function, application, and country. Based on material, it is classified into paper & paperboard, rigid plastics, flexible, metal, glass, and others. Based on function, it is divided into cushioning, blocking & bracing, void-fill, insulation, wrapping, and others. Based on application, the market is classified into food, beverage, healthcare, cosmetics, industrial, and other consumer goods. By country, the North America packaging and protective packaging market analysis is done across countries U.S., Canada and Mexico.
The major key players operating in the North America packaging and protective packaging include Placon, WestRock Company, Sealed Air, Sonoco Products Company, Pregis LLC., Dow, Packaging Corporation of America, Pacific Conveyor Systems, Universal Protective Packaging, Inc., Automated Packaging Systems, Inc., 3M, and Robert Bosch Packaging Technology GmbH.
In order to stay competitive, these major key players in the North America packaging and protective packaging market have adopting different strategies such as mergers & acquisitions, with local and established players. They have focused on innovating new and cost-effective products to meet the rising demand and to reduce overall costs.
The degree of industry attractiveness in the packaging and protective packaging market is analyzed based on impact of five major forces on the market. Porter’s five forces analysis includes the impact of suppliers, industry rivals, new entrants, substitute products, and buyers on the market growth. The raw material suppliers for protective packaging products include various domestic and international producers of packaging products. Porter’s five forces model analyzes the macro- and microbusiness factors of the North American market. The suppliers in the market include sellers of protective packaging products. Residential, commercial, and industrial consumers are considered as customers in the market.
Based on country, U.S accounts for major share in the North America packaging and protective packaging market owing to rise in demand and industrial packaging expenditures in the country. In addition, the increase in urban population makes way for increasing packaging products in manufacturing industry activities providing growth opportunity for the overall market. It increases the need of protective packaging products including paper & paperboard, rigid plastics, flexible, metal, and glass especially in the countries such as U.S., Canada, and Mexico.
Based on material, the paper & paperboard segment dominated the market in 2017, owing to increase in use of packaging material includes food and electronics industries, and a booming e-commerce sector, specifically in U.S., and Canada, are expected to further propel this market growth.
Based on function, the market is divided into cushioning, blocking & bracing, void-fill, insulation, wrapping, and others (vibration dampening, moisture protection, UV & weather resistance, and fireproofing).
By application, it is categorized into food, beverage, healthcare, cosmetics, industrial, and other consumer goods. The market is analyzed across North America countries.
KEY BENEFITS FOR STAKEHOLDERS
- Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the North America packaging and protective packaging industry for strategy building.
- It outlines the current market trends and future scenario of the market size from 2017 to 2025 to understand the prevailing opportunities and potential investment pockets.
- Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
- The profiles of key players along with their key strategic developments are enlisted in the North America packaging and protective packaging market analysis.
KEY MARKET SEGMENTS
- Paper & Paperboard
- Rigid Plastics
- Blocking & Bracing
- Others (Vibration Dampening, Moisture Protection, UV & Weather Resistance, and Fireproofing)
- Other Consumer Goods
1.2.KEY BENEFITS FOR STAKEHOLDERS
1.3.KEY MARKET SEGMENTS
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.1.Top Investment Pockets
2.1.2.Market Player Positioning, 2018
CHAPTER 3:MARKET OVERVIEW
3.1.MARKET DEFINITION AND SCOPE
3.2.PARENT/PEER MARKET OVERVIEW
3.3.KEY FORCES SHAPING NORTH AMERICA PACKAGING AND PROTECTIVE PACKAGING MARKET
3.3.1.Bargaining power of suppliers
3.3.2.Threat of new entrants
3.3.3.Threat of substitutes
3.3.4.Intensity of rivalry
3.3.5.Bargaining power of buyers
3.4.1.Pricing Analysis by material
3.4.2.Pricing Analysis by function
3.4.3.Pricing Analysis by application
3.4.4.Pricing Analysis by country
3.5.VALUE CHAIN ANALYSIS
3.6.IMPACT OF GOVERNMENT REGULATIONS ON NORTH AMERICA PACKAGING AND PROTECTIVE PACKAGING MARKET
CHAPTER 4:NORTH AMERICA PACKAGING AND PROTECTIVE PACKAGING MARKET, BY MATERIAL
4.2.PAPER & PAPERBOARD
4.2.1.Key market trends, growth factors and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis by country
4.3.1.Key market trends, growth factors and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis by country
4.4.1.Key market trends, growth factors and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis by country
4.5.1.Key market trends, growth factors and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market analysis by country
4.6.1.Key market trends, growth factors and opportunities
4.6.2.Market size and forecast, by region
4.6.3.Market analysis by country
4.7.1.Key market trends, growth factors and opportunities
4.7.2.Market size and forecast, by region
4.7.3.Market analysis by country
CHAPTER 5:NORTH AMERICA PACKAGING AND PROTECTIVE PACKAGING MARKET, BY FUNCTION
5.2.1.Key market trends, growth factors and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis by country
5.3.BLOCKING & BRACING
5.3.1.Key market trends, growth factors and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis by country
5.4.1.Key market trends, growth factors and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis by country
5.5.INSULATION (ELECTRICAL & THERMAL)
5.5.1.Key market trends, growth factors and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market analysis by country
5.6.1.Key market trends, growth factors and opportunities
5.6.2.Market size and forecast, by region
5.6.3.Market analysis by country
5.7.1.Key market trends, growth factors and opportunities
5.7.2.Market size and forecast, by region
5.7.3.Market analysis by country
CHAPTER 6:NORTH AMERICA PACKAGING AND PROTECTIVE PACKAGING MARKET, BY APPLICATION
6.2.1.Key market trends, growth factors and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis by country
6.3.1.Key market trends, growth factors and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis by country
6.4.1.Key market trends, growth factors and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis by country
6.5.1.Key market trends, growth factors and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market analysis by country
6.6.1.Key market trends, growth factors and opportunities
6.6.2.Market size and forecast, by region
6.6.3.Market analysis by country
6.7.OTHER CONSUMER GOODS
6.7.1.Key market trends, growth factors and opportunities
6.7.2.Market size and forecast, by region
6.7.3.Market analysis by country
CHAPTER 7:NORTH AMERICA PACKAGING AND PROTECTIVE PACKAGING MARKET, BY COUNTRY
7.2.1.Key market trends, growth factors and opportunities
7.2.2.Market size and forecast, by Engine Type
7.2.3.Market size and forecast, by Aircraft Size
7.2.4.Market size and forecast, by Use Case
7.2.5.Market analysis by country
126.96.36.199.Socio-Economic & Micro-Macro Indicators
188.8.131.52.Market size and forecast, by material
184.108.40.206.Market size and forecast, by function
220.127.116.11.Market size and forecast, by application
18.104.22.168.Socio-Economic & Micro-Macro Indicators
22.214.171.124.Market size and forecast, by material
126.96.36.199.Market size and forecast, by function
188.8.131.52.Market size and forecast, by application
184.108.40.206.Socio-Economic & Micro-Macro Indicators
220.127.116.11.Market size and forecast, by material
18.104.22.168.Market size and forecast, by function
22.214.171.124.Market size and forecast, by application
CHAPTER 8:COMPETITIVE LANDSCAPE
8.2.PRODUCT MAPPING OF TOP 10 PLAYER
8.3.TOP WINNING STRATEGIES, 2015 - 2018
8.3.1.Top winning strategies, by year
8.3.2.Top winning strategies, by development
8.3.3.Top winning strategies, by company
CHAPTER 9:COMPANY PROFILES
9.1.4.Operating Business Segments & Product Portfolio
9.1.7.Key Strategic Moves and Developments
9.2.4.Operating Business Segments & Product Portfolio
9.2.7.Key Strategic Moves and Developments
9.3.ROBERT BOSCH PACKAGING TECHNOLOGY GMBH
9.3.4.Operating Business Segments & Product Portfolio
9.3.7.Key Strategic Moves and Developments
9.4.4.Operating Business Segments & Product Portfolio
9.4.7.Key Strategic Moves and Developments
9.5.SONOCO PRODUCTS COMPANY
9.5.4.Operating Business Segments & Product Portfolio
9.5.7.Key Strategic Moves and Developments
9.6.4.Operating Business Segments & Product Portfolio
9.6.7.Key Strategic Moves and Developments
9.7.4.Operating Business Segments & Product Portfolio
9.7.7.Key Strategic Moves and Developments
9.8.PACKAGING CORPORATION OF AMERICA
9.8.4.Operating Business Segments & Product Portfolio
9.8.7.Key Strategic Moves and Developments
9.9.PACIFIC CONVEYOR SYSTEMS
9.8.4.Operating Business Segments & Product Portfolio
9.9.7.Key Strategic Moves and Developments
9.10.UNIVERSAL PROTECTIVE PACKAGING, INC.
9.10.4.Operating Business Segments & Product Portfolio
9.10.7.Key Strategic Moves and Developments
Packaging and protective packing is used if there are chances of physical damage to a product in the course of conveyance or handling during delivery. With the rising flow in supply chains of various products, there has been massive advancements in packaging materials and technologies, which has paved the way for the protective packaging industry to dive into the phase of speedy developments.
Packaging and protective packaging materials usually comprise of paper, plastic, metal, wood, or glass. These materials are used to store products during their transportation and delivery to intended users or sellers to safeguard them from external damage. The aim of packaging materials is to protect the products from atmospheric, magnetic, vibration, electrostatic or shock damage in the course of delivery and storage. Today, packaging and protective packaging materials are used in an extensive range of industries such as automotive, food & beverages, aerospace, electronics appliances, electronics, and pharmaceuticals.
Up until now, nearly 69% of Americans have shopped through online portals, and about 25% of Americans purchase products online at least once in a month. Moreover, enhancing lifestyles of North Americans and their growing consumption of packed foods and convenience foods have given a thrust to the demand for packaging and protective packaging materials in the recent years. Additionally, the evolution of various industries is expected to work as an add-on for the growth in the demand for packaging and protective packaging in North America.
Newest Insights in the North America Packaging and Protective Packaging Market
As per a report by Research Dive, the North America packaging and protective packaging market is expected to surpass $262,784 million by 2025. As per analysts, The U.S. market is expected to grab a maximum share of the North America packaging and protective packaging market, mainly because of the bulging demand and rising expenditures on industrial packaging in the country. The thriving e-commerce sector, particularly in the U.S. and Canada, is anticipated to further drive this market growth. Moreover, the introduction of eco-friendly and biodegradable protective packaging materials is estimated to unlock rewarding growth opportunity for the North America packaging and protective packaging market in the coming years.
How are Market Players Responding to the Rising Demand for Packaging and Protective Packaging?
Market players are greatly investing in innovative product launches to cater the rising demand for packaging and protective packaging. Some of the leading players of the North America packaging and protective packaging market are Pacific Conveyor Systems, Placon, WestRock Company, Sonoco Products Company, Universal Protective Packaging, Inc., 3M, Pregis LLC., Dow, Packaging Corporation of America, Sealed Air, Automated Packaging Systems, Inc., Robert Bosch Packaging Technology GmbH, and others. These players are focused on planning and devising tactics such as mergers and acquisitions, collaborations, novel advances, and partnerships to reach a foremost position in the North America packaging and protective packaging market.
- In January 2020, DS Smith, a leading packaging firm in the UK, launched a novel and advanced 550,000ft2 box manufacturing facility in the North America.
- In May 2022, Sealed Air, a North American company focused on providing packaging solutions, introduced a new digital packaging brand called, prismiq, which has a wide range of solutions for digital printing, design services, and smart packaging.
- In June 2022, SKYLARK, a the joint venture focused on changing the hygiene packaging market, launched TLC wet wipe packaging label in the North America. TLC labels are developed to facilitate a low-cost substitute to rigid plastic lids.
COVID-19 Impact on the North America Packaging and Protective Packaging Market
The pandemic and subsequent lockdowns forced numerous restaurants to limit their capacity or shut down completely. On the other hand, several people in North America adopted online food delivery options owing to the fear of acquiring COVID-19 infection if stepped out of homes. Food delivery was one of the rapidly-growing segments in 2020, delivering consumers with safe and convenient food services. The proficiency of food delivery apps to deliver food by following all the social distancing and sanitizing norms is the main reason behind the speedy growth of the food-delivery industry. Hence, there was a substantial surge in the demand for packaging and protective packaging materials from the food delivery sector amidst the pandemic. All these factors positively impacted the North America packaging and protective packaging market growth in the course of the pandemic.