Protective Packaging Market

Protective Packaging Companies - Smurfit Kappa Group (Ireland) and Sealed Air Corporation (US) are Leading players in the Protective Packaging Market

The protective packaging market is projected to grow from USD  33.3 billion in 2023 to USD  44.5 billion by 2028 at a CAGR of 5.9%. The protective packaging market is driven by a multitude of factors, including the rising demand for safe and secure transportation of goods in various industries such as e-commerce, pharmaceuticals, electronics, and food and beverage. Additionally, increasing awareness regarding sustainability and environmental concerns has led to the adoption of eco-friendly packaging materials, driving innovation in the protective packaging sector. However, the market also faces challenges such as fluctuating raw material prices, stringent regulations regarding packaging waste and recycling, and the need for continuous innovation to keep pace with evolving consumer preferences and industry requirements.

Protective Packaging Companies

Most manufacturers in this market are based in Europe and North America.  Smurfit Kappa Group (Ireland), Sealed Air (US), Sonoco Products Company (US), Crown Holdings Inc. (US), and DS Smith plc (UK) are among the leading players operating in the protective packaging market. These players have adopted various growth strategies to strengthen their position in the market. This includes expansions and acquisition activities further to expand their presence in the protective packaging market.

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Smurfit Kappa Group (Ireland)

Smurfit Kappa Group is a leading provider of paper-based packaging solutions, with a global presence spanning over 35 countries. The company manufactures, distributes, and sells containerboards, corrugated containers, and other paper-based packaging products, such as solid boards, graphic boards, and bag-in-box. It operates through the Packaging and Paper business segments. The Packaging segment designs, manufactures, and supplies paper-based packaging to package, promote, and protect customers’ products. The Paper segment manufactures a wide range of papers mainly used for packaging purposes. The company’s total global paper and board capacity is approximately 8.4 million tons per annum. It has a presence in North America, South America, and Europe.

Sealed Air Corporation (US)

Sealed Air Corporation provides food safety and security, facility hygiene, and product protection services. It operates through the Food and Protective segments. The Food segment services perishable food processors in fresh red meat, smoked and processed meat, poultry, seafood, plant-based, and dairy markets. The Protective segment offers packaging solutions that are utilized across global markets and are valuable to e-commerce, consumer goods, pharmaceutical and medical devices, and industrial manufacturing. The company has a presence in North America, South America, Europe, Asia Pacific, and Middle East & Africa.
Sonoco Products Company (US)

Sonoco Products Company manufactures industrial and consumer packaging products and services. It operates through the following segments: Consumer Packaging, Industrial Paper Packaging, and All Other. The Consumer Packaging segment offers rigid packaging (paper, metal, and plastic) and flexible packaging, primarily serving the consumer staples market focused on food, beverage, household, and personal products. The Industrial Paper Packaging segment provides the primary raw material for the company’s fiber-based packaging products. The All Other segment comprises a variety of packaging materials, including plastic, paper, foam, and various other specialty materials. The company has a presence in Canada, the US, and countries across the Asia Pacific and Europe.

Crown Holdings, Inc. (US)

Crown Holdings, Inc. engages in the design, manufacture, and sale of packaging products and equipment for consumer goods. The firm offers aerosol cans, beverage, promotional, and transit packaging, closures and capping, and food cans. It operates through the following segments: Americas Beverage, European Beverage, Asia Pacific, Transit Packaging, and Other. The Americas Beverage segment manufactures infinitely recyclable aluminum beverage cans and ends, glass bottles, steel crowns and aluminum caps. The European Beverage segment manufactures infinitely recyclable aluminum beverage cans and ends in Europe, the Middle East and North Africa. The Asia Pacific segment primarily consisting of beverage can operations in Cambodia, China, Indonesia, Malaysia, Myanmar, Singapore, Thailand and Vietnam and also includes non-beverage can operations, primarily food cans and specialty packaging. The Company's Transit Packaging segment includes the Company’s worldwide industrial products, protective solutions, and automation, equipment and tools business. The Company's other segments include the Company's food can, aerosol can and closures business in North America, and beverage tooling and equipment operations in the US and UK. Signode Industrial Group LLC (US) is Transit Packaging Division of Crown Holdings, Inc. The company has a geographical presence in North America, South America, Europe, Asia Pacific, and Middle East & Africa.

Related Reports:

Protective Packaging Market by Material (Foam Plastics, Paper & Paperboard, Plastics), Type (Flexible Protective Packaging, Rigid Protective Packaging, Foam Protective Packaging), Function, Application, and Region - Global Forecast to 2028

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Protective Packaging Market Size,  Share & Growth Report
Report Code
PK 3721
RI Published ON
3/11/2024
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