Global Flexible Protective Packaging Market Overview
The flexible protective packaging is done for the sensitive products for the protection from damage during transportation and warehousing. Flexible packaging is any type of protective packaging whose shape can be readily changed. Flexible protective packaging can be used as primary packaging or secondary packaging based on the products materials or its end use application. The packaging is done mostly by air pillows, bubble packaging, paper fill, protective mailers or dunnage bags. These flexible protective packaging products are used for filling the empty spaces, blocks and bracings and wrapping the products. It is designed for numerous types of applications such as, food bags, clear wraps, foils, etc. The primary focus of flexible protective packaging is to reduce weight and volume of the packaging material with reduction in the cost with protection of the end product.
Growing demand of customers for a variety of prospects from multi-channel and e-commerce provides a lucrative opportunity for flexible protective packaging companies to enhance their supply in a productive way. Air pillows is the fastest growing flexible protective packaging product with advantage of cost effectiveness and reduced material use. The growth of the target market is mainly driven by e-commerce and mobile shopping as it largely influences the demand of packaging. Also the global flexible protective packaging market is driven by good with unusual large shapes which cannot be readily packed in regular shaped containers. Now-a-days, the flexible packaging by combining the qualities of plastic, film, paper and aluminum foil to deliver a wide range of protective packaging has become a more convenient solution for flexible protective packaging. This can be a great opportunity for market players over a period of time.
The global flexible protective packaging market is segmented on the basis of type, function, end user and region. On the basis of type, the market is segmented into bubble wrap and air pillows. On the basis of function, the flexible protective packaging market is divided into cushioning, blocking and bracing and void fill. On the basis of end user, the target market is segmented as food and beverage, healthcare, industrial goods, automotive, household appliances, customer electronics and others.
On the basis of region, the global flexible protective packaging market is segmented as North America, Europe, Asia-pacific, Latin America, Middle-East & Africa.
North America is expected to be the most profitable region in terms of higher opportunities and is likely to maintain its dominance in the global protective packaging market. It is then followed by Asia Pacific and Europe. As the manufacturing industry remains a driving force of economic growth, productivity, and innovation in this region.
Key players operating in the global flexible protective packaging market includes Storopack Hans reichenecker GMBH, Ivex Protective Packaging, Polyair Inter Pack Inc., Veritiv Corporation, DynaCorp, Shorr Packaging Corp, Smurfit Kappa, Unisource Worldwide, Macfarlane Group, and Automated Packaging Systems.
FAQs
The flexible protective packaging market is segmented into type, function, end user and region.
Answer: Factors driving market growth include the increasing demand for sustainable and lightweight packaging, the rise in e-commerce activities, and advancements in flexible packaging materials.
What are the restraints of Flexible Protective Packaging across the globe?
The report covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is estimated to dominate the Flexible Protective Packaging Market, witnessing a significantly high revenue share over the forecast period.
Key players operating in the global flexible protective packaging market includes Storopack Hans reichenecker GMBH, Ivex Protective Packaging, Polyair Inter Pack Inc., Veritiv Corporation, DynaCorp, Shorr Packaging Corp, Smurfit Kappa, Unisource Worldwide, Macfarlane Group, and Automated Packaging Systems.