According to Stratistics MRC, the Global High Pressure Protective Packaging Film Market is expected to have a CAGR of 6.8% during the forecast period.
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The need of transporting the goods safely during the transportation and the rise in internet shopping are the key factors contributing towards the market growth. The available alternatives for high pressure protective packaging film such as paper, foam, void fillings, etc. are restraining the market growth.
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High pressure protective packaging films are a type of packaging films, where the product is mad very strong and tough. The proprietary film design enables air to be contained within the cells for extended periods of time and provide superior protection for products that require longer storage and shipping cycles. Hence are suitable for carrying heavier and delicate items easily.
By end user, E-commerce has led to faster buying and selling of products due to growing support and availability across many platforms. As consumers are purchasing more products online, demand is expected to grow for the packaging, which can protect these goods from vibration, shock, abrasion, and other damaging effects of shipping and handling. Based on geography, Asia-Pacific region is expected to witness a higher growth rate over the forecast period, with China leading the market. The region’s high growth rate is due to the rise in the manufacturing activities, and growth in the internet penetration. Besides, the increase in spending by the consumers for the packaged products through e-retailing channels is further leading to the growth of the market.
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Some of the key players in the High Pressure Protective Packaging Film are Sealed Air Corporation, Automated Packaging Systems, Inc, iVEX Protective Packaging Inc, Hafliger Films S.P.A, Pregis LLC, Rajapack Ltd, Barton Jones Packaging Ltd, DowDuPont Inc, and Fruth Custom Plastics.
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End Users Covered:
• E-commerce
• Medical Dental
• Pharmaceutical
• Electronics
• Automotive
• House wares
• Other End Users
Types Covered:
• Void-Fill Pillows
• Bubble Wrap
• Other Types
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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– Strategic recommendations for the new entrants
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Source: MarketersMedia
Release ID: 478385
