Global protective-packaging market to grow 6.22% CAGR to 2028, says new study

A new report via Research & Markets shows that the global protective-packaging market is expected to grow at a CAGR of 6.22% from 2022 to 2028.

The comprehensive report delves into the growth propelled by the booming e-commerce industry and escalating demand from the healthcare sector. Observations show an increasing inclination toward lightweight and protective-packaging solutions, a crucial element in the brand reputation and consumer experience. Moreover, the pharmaceutical industry, a substantial consumer of protective packaging, further fuels market growth due to stringent compliance norms and product-protection requirements.

The study examines the intricacies of industry restraints, and recycling challenges and provides knowledgeable insights on material segmentation, defining how protective plastic holds the “lion’s share.” Adding on, the report offers strategic insights by packaging type and applications, thereby highlighting growth, trends, and possible opportunities in the consumer and industrial packaging sectors. Lastly, the geographical analysis provides insights into large market shares held by APAC, Europe, and North America, tracing advancements and new trend adoptions in the packaging technologies and equipment segments in these regions.