Protective Packaging Market to Expand at CAGR of 5% Through 2022
The global protective packaging market - which was valued at US$ 26 Bn in 2018 - is forecasted to expand at a healthy growth rate during the forecast period (2017 - 2022), according to a new market study by XploreMR. The growth of the market is predominantly attributed to surging adoption in pharmaceuticals, foods, and electronics, coupled with growing improvements in the manufacturing sector.
Furthermore, the penetration of e-commerce into emerging economies and growing demand for recyclable materials are also expected to bestow remunerative opportunities to the protective packaging market. Besides, the adoption of protective packaging primarily driven by the packaging's ability to protect products from physical damage during transportation and storing.
Moreover, the availability of different types of protective packaging - namely foam, flexible, and rigid - provides end-users to choose a packaging type of their requirement. On the back of these facets, the global protective packaging market is forecasted to progress at a steady CAGR of 5% through the assessment period.
Protective Packaging Market Analysis 2019-2029
A recent market study published by XploreMR on the protective packaging market includes global industry analysis 2014-2018 & opportunity assessment 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on historic as well as current growth parameters, the growth prospect of the protective packaging market are obtained with maximum precision.
Protective Packaging Market: Taxonomy
The global protective packaging market is segmented in detail to cover every aspects of the market and present a complete market intelligence approach to readers.
Protective Packaging Market - Global Industry Analysis and Opportunity Assessment, 2019-2029Buy Now
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