Packaging And Protective Packaging Market Report
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
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
220.127.116.11.Socio-Economic & Micro-Macro Indicators
18.104.22.168.Market size and forecast, by material
22.214.171.124.Market size and forecast, by function
126.96.36.199.Market size and forecast, by application
188.8.131.52.Socio-Economic & Micro-Macro Indicators
184.108.40.206.Market size and forecast, by material
220.127.116.11.Market size and forecast, by function
18.104.22.168.Market size and forecast, by application
22.214.171.124.Socio-Economic & Micro-Macro Indicators
126.96.36.199.Market size and forecast, by material
188.8.131.52.Market size and forecast, by function
184.108.40.206.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 technology is indispensable for the retail industry worldwide. In general sense, the protective packaging is a temporary cover or container to keep products safe. These packages are made of paper, plastic, metal, wood, or glass. Protective packaging helps in extending the shelf life of products. The industries that use such packaging are aerospace, automotive, food & beverage, appliance, pharmaceuticals, and electronics. A good packaging safeguards the products from any kind of atmospheric, electrostatic, magnetic, vibration, or shock damage during storage and shipping to their destinations. Different types of packaging is required for different products.
With the increasing popularity of online shopping or advancement of drone technology, the protective packaging market has experienced a massive growth in recent years.
Recent Advances in the Industry
According to a recent report by Research Dive, the key players of the global packaging and protective packaging market include WestRock Company, Placon, Sonoco Products Company, Sealed Air, Dow, Packaging Corporation of America, Pregis LLC., Pacific Conveyor Systems, Automated Packaging Systems, Inc., Universal Protective Packaging, Inc., Robert Bosch Packaging Technology GmbH, 3M, and many others.
These market players are focusing on developing to obtain the highest market size. These smart strategies include upgradation of current technology, product innovation and launches, partnerships, collaborations, mergers and acquisitions.
Some developments in the industry are mentioned below:
- According to a press release, WestRock Company, a leading provider of differentiated paper and packaging solutions successfully completed the acquisition of KapStone Paper and Packaging Corporation in 2018.
This acquisition was aimed to achieve approximately $200 million in synergies and performance improvements by the end of fiscal year 2021. In addition to fortifying WestRock’s presence on the West Coast of the United States, the acquisition has also broadened WestRock’s portfolio of differentiated paper and packaging solutions.
- In May 2019, Sealed Air made an agreement for $510 million to acquire Automated Packaging Systems (APS), a US-based producer of automated bagging systems. Sealed Air mentioned in the press release that the acquisition will enable additional growth by providing benefit from cross-selling opportunities.
- Sonoco is considered one of the largest sustainable, diversified global packaging companies. Recently, it has made an announcement about the launch of its EnviroSense™ sustainable packaging initiative. EnviroSense products are innovative packaging made from agricultural fibers. EnviroSense products are designed in such way that they can integrate a number of elements associated with more sustainable packaging. Reduced environmental impact, amplified use of recycled content, optimized package-to-product ratio and shipping optimization, fiber sourcing, recyclability, compostability, and the use of bio-based materials are the major attributes of this product.
- Sonoco has recently joined an international industry association with 4evergreen. This alliance is aimed to enhance the growth of the fiber-based packaging to construct a circular and more maintainable economy that diminishes climate change impacts.
The alliance represents the European paper industry. Launched by Cepi, the alliance aims to spread alertness about the aids of fiber-based packaging materials, ocate for European legislation supporting product design for recyclability and stimulate the development of optimized collection systems and appropriate recycling infrastructures.
- Warburg Pincus, a leading global private equity firm is going to acquire Pregis LLC. Based on Stamford, Connecticut, Pregis LLC is a leading protective packaging materials and automated systems manufacture. The amount for this acquisition has not yet been disclosed.
Coronavirus outbreak has impacted the packaging industry in a mixed way. There is an increase in for packaging for groceries, healthcare products, and e-commerce transportation after the lockdown has lifted. On the other hand, demand for luxury, industrial, and some B2B transport packaging are experiencing decline. The impact on packaging players will depend on their portfolios and exposures to different regions, end uses for packaging, and substrates post the pandemic.