Market Size of High Pressure Protective Packaging Film Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 5.23 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
High Pressure Protective Packaging Film Market Analysis
The high-pressure protective packaging Film Market is expected to register a CAGR of 5.23% during the forecast period (2021-2026). The rise of e-commerce and online shopping and have unleashed opportunities for retailers and protective packaging manufacturers eventually to enhance their supply chain in a productive manner online shopping.
- According to gfu Consumer & Home Electronics GmbH, the market for consumer goods reached over one trillion euros in 2017 and it is expected that the market to grow to Euro 1,050 billion in 2019 and this will continue to grow during the studied period. There has always been a need to protect the products while shipping, which in return will fuel the market for high pressure protective packaging film market.
- Moreover, according to Eurostat in 2018, the members of EFPIA exported pharmaceutical products worth Euro 410,000 million and imported Euro 305,000 million. While in 2017, it was Euro 369,036 million of export and Euro 294,632 million of import. The resistance to shocks & abrasion and inherent flexibility give an advantage while packing a host of diverse products like pharmaceutical goods and increasing the import and export of pharmaceutical goods among the nations is also having a positive outlook on the high pressure protective packaging film market.
- However, most of the protective films are made up of plastics therefore, stringent governmental regulation over the use of plastic is restraining the market to grow.
High Pressure Protective Packaging Film Industry Segmentation
High-pressure protective packaging films are specially designed for packaging a product that requires high-pressure cushioning and protection. It includes bubble packaging and Void-fill pillows.
By Type | |
Bubble wrap | |
Void-fill Pillows | |
Other Types |
Geography | |
North America | |
Europe | |
Asia-Pacific | |
Latin America | |
Middle East & Africa |
By End Users | |
Electronics | |
E-commerce | |
Automotive | |
Glass | |
Pharmaceutical | |
Industrial components | |
Other End Users |
High Pressure Protective Packaging Film Market Size Summary
The high-pressure protective packaging film market is poised for significant growth, driven by the expanding e-commerce sector and the increasing need for secure product delivery. As online shopping continues to rise, retailers and packaging manufacturers are focusing on enhancing their supply chains to meet consumer demands. The market is further bolstered by the growing import and export of pharmaceutical goods, which require packaging solutions that offer resistance to shocks and abrasion. However, the market faces challenges due to stringent regulations on plastic usage, which could hinder its growth trajectory.
Regionally, Asia-Pacific is expected to experience the fastest growth in the high-pressure protective packaging film market, fueled by the booming e-commerce industry and rising consumer purchasing power in countries like India and China. The trend of single-person households and the convenience of online shopping among younger consumers are contributing to this growth. Additionally, the aging population in developed markets such as Japan is increasing the demand for healthcare and pharmaceutical products, thereby driving the need for protective packaging solutions. The market is competitive and fragmented, with major players like Sealed Air Corporation and Pregis LLC employing strategies such as product launches and acquisitions to maintain their market positions.
High Pressure Protective Packaging Film Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Introduction to Market Drivers and Restraints
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1.3 Market Drivers
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1.3.1 Increasing Need for Transporting the Goods Safely during Transportation
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1.3.2 Rise in Internet Shopping
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1.4 Market Restraints
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1.4.1 Availability of Substitute Products
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1.5 Value Chain / Supply Chain Analysis
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1.6 Industry Attractiveness - Porter's Five Force Analysis
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1.6.1 Threat of New Entrants
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1.6.2 Bargaining Power of Buyers/Consumers
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1.6.3 Bargaining Power of Suppliers
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1.6.4 Threat of Substitute Products
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1.6.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Bubble wrap
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2.1.2 Void-fill Pillows
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2.1.3 Other Types
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2.2 Geography
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2.2.1 North America
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2.2.2 Europe
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2.2.3 Asia-Pacific
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2.2.4 Latin America
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2.2.5 Middle East & Africa
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2.3 By End Users
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2.3.1 Electronics
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2.3.2 E-commerce
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2.3.3 Automotive
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2.3.4 Glass
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2.3.5 Pharmaceutical
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2.3.6 Industrial components
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2.3.7 Other End Users
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High Pressure Protective Packaging Film Market Size FAQs
What is the current High Pressure Protective Packaging Film Market size?
The High Pressure Protective Packaging Film Market is projected to register a CAGR of 5.23% during the forecast period (2024-2029)
Who are the key players in High Pressure Protective Packaging Film Market?
Sealed Air Corporation, Barton Jones Packaging Ltd, Pregis LLC, Supreme Industries Limited and Rajapack Limited (Raja S.A.) are the major companies operating in the High Pressure Protective Packaging Film Market.