Protective Packaging Market worth $37.0 billion by 2027 | At A CAGR of 4.31%

 The protective packaging market size is projected to grow from USD 24.3 billion in 2017 to reach USD 37.0 billion by 2027, at a CAGR of 4.31%.

The report "Protective Packaging Market by Material (Foam Plastics, Paper & Paperboard), Type (Flexible, Rigid, Foam), Function (Cushioning, Blocking & Bracing, Void Fill), Application (Food & Beverage, Consumer Electronics), and Region – Global Forecast to 2027"

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Target audience

• Manufacturers of protective packaging
• Importers and exporters of protective packaging
• Traders, distributors, and suppliers of protective packaging
• End users (food & beverage, healthcare, industrial goods, automotive, household appliances, and consumer electronics industries)

Based on application, the market has been segmented as follows:

• Food & beverage
• Health care
• Industrial goods
• Automotive
• Household appliances
• Consumer electronics
• Others

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“Asia Pacific to be the largest share in the protective packaging market by 2027”

On the basis of key regions, the protective packaging market is segmented into North America, Western Europe, Eastern Europe, Nordics, Asia Pacific, South America, Middle East, and Africa. The Asia Pacific region is estimated to account for the largest share among all the regions in 2017, and is projected to grow at the highest rate from 2017 to 2027, in terms of value. This can be mainly attributed to the increase in demand for protective packaging in China and India coupled with the growth in the food & beverage industry in these countries. The urbanized population is shifting its preference to healthy and safe packaged foods owing to the rise in disposable incomes.

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