The Europe Protective Packaging Market would witness market growth of 5.1% CAGR during the forecast period (2022-2028).
The market is expanding significantly as a result of end use industry players' changing preferences for these environmentally friendly and cost-effective protective packaging options. With its advancement and innovation, logistics and material handling technology has had a considerable impact on the creation and uptake of next generation packaging materials.
Such protective packaging goods have advanced to become intelligent, and the market has grown as a result of the decline in price of networks, sensors, and communicative devices. Consumers are increasingly making purchases online, which is what is causing changes to product design, packing, picking, fulfilment, and shipping. Product protection is therefore regarded as one of the most important topics.
The manner that the majority of businesses select best solution is primarily evolving as a result of the rapid expansion of e-commerce and the technological developments in packaging material possibilities. Performance, cost factors brought on by material advancements, on-demand packaging delivery systems, packaging requirements, and sustainability are the primary factors taken into account.
In the European region, the e-commerce sector has indeed made a name for itself as a key sales channel for a wide range of goods, from food & beverages to consumer devices and home and personal care products. Also, the expansion of the protective packaging solutions has been aided by the increase in online sales, since these solutions allow sellers to guarantee the secure delivery of their online-sold goods.
The Germany market dominated the Europe Protective Packaging Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,707.6 million by 2028.The UK market is anticipated to grow at a CAGR of 4.3% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 5.9% during (2022 - 2028).
Based on Type, the market is segmented into Flexible, Rigid and Foam. Based on Application, the market is segmented into Industrial Goods, Household Appliances, Healthcare, Automotive, Consumer Electronics, Food & Beverage and Others. Based on Material, the market is segmented into Foam Plastics, Paper & Paperboard, Plastics and Others. Based on Function, the market is segmented into Cushioning, Blocking & Bracing, Void Fill, Insulation and Wrapping. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Protective Packaging Market will Hit $41.4 Billion by 2028, at a CAGR of 5.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Huhtamaki Oyj, Sonoco Products Company, Sealed Air Corporation, Smurfit Kappa Group plc, The Dow Chemical Company, WestRock Company, DS Smith Plc, Pregis LLC, Pro-Pac Packaging Limited, and Intertape Polymer Group Inc.
By Type
By Application
By Material
By Function
By Country
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