The Latin America, Middle East and Africa Protective Packaging Market would witness market growth of 8.8% CAGR during the forecast period (2022-2028).
The necessity for protective packaging of such products is growing as well due to the expanding demand for consumer electronics throughout numerous regions and the growing smartphone penetration, as manufacturers want to provide their goods to customers undamaged. The kind of item being packaged, like food or consumer electronics, in addition to the environmental factors it has to be guarded from, are the main factors in choosing the right protective packaging options.
Bubble wrap is used to create bubble bags, commonly known as bubble wrap bags. These wraps come in a variety of shapes, although bubble bags are the most common. These are persistent, tiny air-filled sac structures that resemble bags and cushion anything that are coated in them. One of the most popular kinds of protective packing and shipping materials utilized in exports are loose-filled materials.
Certain foam-based items that contain Styrofoam include loose-filled materials, like foam peanuts as well as packaging peanuts. They serve as a cushion and absorbed blows since they resemble peanuts in shape. They act as filler to safeguard delicate things in cardboard boxes and provide the ideal way to produce a cushioning effect.
Brazil is among Latin America's top players in respect of international trade and foreign direct investment. Imports are used to fill the increased demand for industrial and food goods. Flexible packaging would be necessary in this region to prevent the objects from being damaged. As the proportion of the population living in the middle class rises, there is expected to be an increase in demand for packaged foods, which will help the flexible packaging industry grow.
The Brazil market dominated the LAMEA Protective Packaging Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $797.1 million by 2028.The Argentina market is experiencing a CAGR of 9.4% during (2022 - 2028). Additionally, The UAE market would experience a CAGR of 8.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Protective Packaging Market is Predict to reach $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.
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