Protective Packaging Industry Statistics

In this post, we will explore key statistics and insights within the global protective packaging industry. From market size and regional trends to end-use segments and product preferences, these data points offer a comprehensive overview of the industry landscape. Dive into the numbers to uncover the dynamics shaping this essential sector.

Statistic 1

"The global protective packaging market size was valued at USD 24.3 billion in 2020."

Statistic 2

"Asia-Pacific is expected to exhibit the highest CAGR of 5.9% from 2021 to 2028."

Statistic 3

"In 2017, the global consumption of protective packaging was about 20.3 million MT."

Statistic 4

"By revenue, the flexible protective packaging product segment led the market with a share of 43.7% in 2020."

Statistic 5

"Foam protective packaging is expected to grow at the highest CAGR of 6.0% from 2021 to 2028."

Statistic 6

"The E-commerce sector is projected to be the fastest-growing end-use sector from 2021 to 2028."

Statistic 7

"The food and beverages end-use segment held the largest share of more than 42.0% in 2020."

Statistic 8

"The rigid protective packaging product segment accounted for a revenue share of 30.5% in 2020."

Statistic 9

"Paper & paperboard protective packaging is expected to witness the fastest growth, with a CAGR of more than 6.0% from 2021 to 2028."

Statistic 10

"By 2021, the US protective packaging market held a significant share of around 25%."

Statistic 11

"The global protective packaging market comprises approximately 5000+ manufacturers."

Statistic 12

"The pharmaceuticals end-use segment is foreseen to experience a CAGR of 5.1% from 2021 to 2028."

Statistic 13

"The residential end-use segment accounted for a revenue share of 17.5% in 2020."

The global protective packaging industry continues to show steady growth potential, with the market size reaching USD 24.3 billion in 2020. Asia-Pacific is anticipated to lead this growth, with the highest CAGR expected in the region. Various product segments such as flexible and foam protective packaging are experiencing notable expansion, driven by key end-use sectors like E-commerce and food and beverages. Specific materials like paper & paperboard are also forecasted to witness significant growth rates in the coming years. Overall, the industry’s dynamic landscape, diverse market players, and evolving consumer demands point towards a promising future for the protective packaging sector.

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Sources

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