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Asia-Pacific Protective Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Asia-Pacific Protective Packaging Market is segmented by Material Type (Plastics, Paper and Paperboard), Product Type (Rigid, Flexible, Foam Based), End-user Vertical (Food and Beverage, Pharmaceutical, Consumer Electronics, Beauty and Homecare), and Country.

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APAC Protective Packaging Market Size

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asia pacific protective packaging market size
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 7.90 %
Market Concentration Medium

Major Players

asia pacific protective packaging market key players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Asia-Pacific Protective Packaging Market with other markets in Packaging Industry

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APAC Protective Packaging Market Analysis

The Asia Pacific protective packaging market is expected to register a CAGR of 7.9% during the forecast period 2020 - 2025. Asia-Pacific has emerged as a huge hub for semiconductors, consumer electronics, and electronics product manufacturing. The presence of a huge consumer population in these regions has been a huge complementary factor in the direct sales channel evolution and e-commerce growth. The presence of huge electronic products manufacturers such as Sony, Samsung, LG, and multiple vendors in the smartphone sector resulted in consumer electronics experiencing a huge demand for protective packaging. China, India, Japan, and South Korea are expected to remain the high-volume demand countries over the forecast period.

  • The primary aim of packaging is the protection of the product from all hazards it can be exposed to during transport and handling. Recycling has become a significant part of cosmetics, skincare, and perfume companies. For instance, Amazon India is working towards reducing the usage of single-use plastics and optimizing boxes/recycling. The plastic currently used in packaging mailers and bubble bags is made of 20% recycled content. Presently less than 7% of packaging at Amazon India Fulfilment Centres includes single-use plastic.
  • Technological advancements leading to the development of recyclable materials for protective packaging have driven the demand for these effective and sustainable packaging solutions in various countries. This increasing demand for sustainable protective packaging solutions is expected to drive the growth of the market. In August 2019, honest Diary and Noluma developed china's first yogurt product contained light protective packaging.
  • However, the trade tensions between China and the United States are expected to impact the demand in the electronics market and are expected to be experienced by protective packaging vendors. The economic slowdown fear in the region is also expected to impact the protective packaging, especially in the automotive and industrial sectors.
  • With the outbreak of COVID-19, the rising demand for e-commerce is also making the consumers pay more attention to the sustainability of packaging of shipments, forcing the vendor of protective packaging to rethink their packaging and provide the same.
  • Moreover, the people have concerns over whether the virus can be transmitted through package deliveries such as bubble wrap and air pillows. But the Korea Centers for Disease Control and Prevention said transmission in this manner was unlikely. This type of concern among the people and the protective packaging vendors, along with their employees, would have somewhat slowed down the market growth during an outbreak of pandemic initially.

APAC Protective Packaging Market Trends

This section covers the major market trends shaping the APAC Protective Packaging Market according to our research experts:

Plastic Packaging Holds a Significant Market Share

  • Plastic remains the most used raw material for packaging. Plastic provides the flexibility of being cost-effective to manufacturers. Its inert nature to the contents being stored in it has allowed it to be utilized for packaging products in specific industry verticals.
  • Plastic continues to be the most used material for the protective packaging of products across various industries. Plastics packaging protects against contamination in foods and medicine and helps prevent the spread of germs during manufacture, distribution, and display. Advanced packaging materials, such as polypropylene, can provide a high barrier against contamination and temperatures, thereby protecting the packaged product from being damaged.
  • The wide adoption of plastic packaging in the food and beverage industry, which includes bags, pouches, shrink films, sleeves, and tubes, primarily owing to their flexibility, low weight, and durability, are some of the factors that may continue to create demand for the plastic protective packaging solutions.
  • Owing to the need to develop cost-effective and protective packaging solutions for shipping a wide range of livestock feed, the market players operating in the industry are introducing resealable tray lidding films as an excellent solution to protect packaged content are widely being produced by the combination of polypropylene and Polyethylene.
asia pacific protective packaging market trends

India Occupies Significant Market Share

  • The market's rapid growth is primarily driven by fashion and apparel, consumer electronics, and personal care industries. Considerable investments in the consumer electronics, personal care, and fashion and clothing end-user industries create scope for expansion of packaging opportunities such as for protective packaging. According to IBEF, electronics is the most significant contributor to online retail sales in India, with a 48 % share, followed closely by apparel at 29 %. ​​
  • The boost in online shopping among self-isolating consumers has the potential to drive up sales of molded pulp protective packaging. For instance, International Paper APPM Ltd, located in Hyderabad, provides protective packaging solutions for e-commerce (corrugated) and focuses on tamper-proof packaging. Its liner product provides specific features of wet strength grades from 35 to 96 lb/MSF (170 to 469 gsm).
  • India's share in paper's global production is about 3.7%, with an estimated production of over 15-million tpa (tonnes per annum). According to Indian Paper Manufacturers Association (IPMA), packaging paper/paperboard has 8.710 million metric ton, in terms of market volume, and it is growing at 8.37%.​
  • Due to awareness about plastic waste and pressure from government agencies, e-commerce players turn into the more sustainable packaging options, keeping aside plastic packaging. For instance, in August 2019, Indian e-commerce player Flipkart owned by Walmart, introduced eco-friendly paper shreds, replacing bubble wraps and airbags with carton waste shredded material and two-ply roll.
asia pacific protective packaging market forecast

APAC Protective Packaging Industry Overview

The Asia Pacific protective packaging market is moderately fragmented and consists of various vendors providing these products and solutions. Players in the market focus on product innovations and strategic initiatives such as mergers and acquisitions and partnerships to capture the market share. Some of the recent developments in the market are:

  • August 2020 - Ester Filmtech planned to invest USD 180 million to build an advanced packaging film manufacturing facility in the Indian state of Telangana.
  • May 2020 - Armor Protective Packaging expanded its sales and reaches to customers in markets such as China, India, and other countries that supply protective packaging for automotive markets.

APAC Protective Packaging Market Leaders

  1. Intertape Polymer Group Inc.

  2. Sealed Air Corporation

  3. Sonoco Products Company

  4. Signode Protective Packaging Solutions

  5. DS Smith PLC

*Disclaimer: Major Players sorted in no particular order

Intertape Polymer Group Inc, Sealed Air Corporation, Sonoco Products Company, Signode Protective Packaging Solutions, DS Smith PLC.
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APAC Protective Packaging Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Buyers/Consumers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Threat of Substitute Products

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Market Drivers

      1. 4.3.1 Growing E-commerce in the Region

    4. 4.4 Market Challenges

      1. 4.4.1 Alternative Forms of Packaging

    5. 4.5 Assessment of Impact of COVID-19 on the market

  5. 5. MARKET SEGMENTATION

    1. 5.1 Material Type

      1. 5.1.1 Plastics

      2. 5.1.2 Paper and Paperboard

      3. 5.1.3 Other Material Types

    2. 5.2 Product Type

      1. 5.2.1 Rigid

        1. 5.2.1.1 Molded Pulp

        2. 5.2.1.2 Paperboard-based Protectors

        3. 5.2.1.3 Insulated Shipping Containers

      2. 5.2.2 Flexibles (Mailers, Paper Full, and Air Pillows)

        1. 5.2.2.1 Bubble Wraps

      3. 5.2.3 Foam Based

    3. 5.3 End-user Vertical

      1. 5.3.1 Food and Beverage

      2. 5.3.2 Pharmaceutical

      3. 5.3.3 Consumer Electronics

      4. 5.3.4 Beauty and Homecare

      5. 5.3.5 Other End-user Verticals

    4. 5.4 Country

      1. 5.4.1 China

      2. 5.4.2 India

      3. 5.4.3 Japan

      4. 5.4.4 South Korea

      5. 5.4.5 Rest of Asia Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles*

      1. 6.1.1 Intertape Polymer Group Inc.

      2. 6.1.2 Sealed Air Corporation

      3. 6.1.3 Sonoco Products Company

      4. 6.1.4 Signode protective packaging solutions

      5. 6.1.5 DS Smith PLC

      6. 6.1.6 International Paper Company

      7. 6.1.7 Pro-Pac Packaging Limited

      8. 6.1.8 Crown Holdings, Inc.,

      9. 6.1.9 Storopack Hans Reichenecker Gmbh

      10. 6.1.10 Huhtamaki Group

  7. 7. INVESTMENT ANALYSIS

  8. 8. FUTURE OF THE MARKET

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APAC Protective Packaging Industry Segmentation

Protective packaging are materials that are built to protect and add buffer to a product from potential harm or damages/destruction while shipping or warehousing. Protective packaging can be used either as a primary packaging or secondary packaging material depending upon the products' end-use application. The scope of the market is comprehensive and is limited to Asia Pacific.

Material Type
Plastics
Paper and Paperboard
Other Material Types
Product Type
Rigid
Molded Pulp
Paperboard-based Protectors
Insulated Shipping Containers
Flexibles (Mailers, Paper Full, and Air Pillows)
Bubble Wraps
Foam Based
End-user Vertical
Food and Beverage
Pharmaceutical
Consumer Electronics
Beauty and Homecare
Other End-user Verticals
Country
China
India
Japan
South Korea
Rest of Asia Pacific
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APAC Protective Packaging Market Research FAQs

The Asia-Pacific Protective Packaging Market is projected to register a CAGR of 7.90% during the forecast period (2024-2029)

Intertape Polymer Group Inc., Sealed Air Corporation, Sonoco Products Company, Signode Protective Packaging Solutions and DS Smith PLC are the major companies operating in the Asia-Pacific Protective Packaging Market.

The report covers the Asia-Pacific Protective Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Protective Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Asia-Pacific Protective Packaging Industry Report

Statistics for the 2024 Asia-Pacific Protective Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Protective Packaging analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Asia-Pacific Protective Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)