This robust growth outlook is underpinned by several factors, including the increasing need for protective packaging solutions across various industries, with a strong focus on the e-commerce, manufacturing, electronics, healthcare, and food and beverage sectors. Furthermore, the competitive landscape of the market is expected to be influenced by the presence of top 5 companies, collectively accounting for a substantial market share ranging between 15% to 20% in the year 2022. This competitive dynamic underscores the significance of protective packaging in safeguarding products and ensuring their safe delivery to customers.
The United States and Canada Protective Packaging Market is on a trajectory of substantial growth, with a projected valuation poised to reach approximately US$ 8.3 billion by the year 2023. This upward momentum is anticipated to persist through the ensuing decade, spanning from 2023 to 2033, as the market is expected to further expand at a commendable compound annual growth rate (CAGR) of approximately 5.1%. By the culmination of this forecast period in 2033, the market is estimated to achieve a noteworthy valuation of approximately US$ 13.6 billion.
Protective packaging solutions like bubble wrap, foam packaging, and air pillows have become essential components of the e-commerce supply chain. They are designed to safeguard products during the shipping and handling process, protecting them from potential damage or breakage. This is particularly crucial in the e-commerce sector, where products may go through various stages of transportation and handling before reaching the end consumer.
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Key Takeaways
- By material, the plastic segment is expected to hold the lion’s share of 49% in the United States and Canada protective packaging industry in 2033.
- By product, boxes are estimated to account for about 6% of the United States and Canada Protective Packaging Market share in 2023.
- By end use, the electrical & electronics sub-segment is anticipated to exhibit a CAGR of 6% across the United States and Canada.
- The United States is expected to hold 7% of share in 2033 in North America protective packaging market.
Market Trends
The continual expansion of the United States’ transportation and logistics sector is driven by the rising tide of domestic commerce and the widespread availability of e-commerce platforms.
The surge in e-commerce activity has led to a notable uptick in the quantity of goods traversing the nation, thereby creating a heightened demand for protective packaging solutions.
Protective packaging items are integral to the safe and pristine delivery of products to their final destinations, a necessity that has become more pronounced in the face of progressively stringent regulations governing packaging standards.
Key Players:
- Winpak Ltd.
- Pregis LLC
- Storopack Hans Reichenecker GmbH
- Intertape Polymer Group
- Premier Packaging
- Packaging Corporation of America
- Polymer Packaging, Inc.
- TCP Packaging Solutions
- Protective Packaging Solutions
- International Paper Company
- Cascades Inc.
- Orcon Industries
- RTS Packaging, LLC.
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Market Outlook by Category
By Material:
- Paper & Paperboard
- Corrugated
- Boxboard
- Molded Pulp
- Kraft Paper
- Recycled Paper
- Plastic
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Bioplastic
- Foam
- Other (Wood, Metal)
By Product Type:
- Boxes
- Polybags
- Air Pillow
- Bubble Wrap
- Protective Mailer
- Foam Sheets
- Surface Protection Film
- Labels & Tags
- Tapes
- Inserts & Dividers
- Others (Packaging Peanuts, End Caps)
By Application:
- Wrapping
- Void Fill
- Cushioning
- Insulation
- Blocking & Bracing
By End Use:
- Manufacturing & Warehousing
- Food
- Beverages
- Pharmaceutical
- Personal Care & Cosmetics
- Home Care & Toiletries
- Electrical & Electronics
- Chemical & Fertilizer
- Others (Agriculture, Industrial)
- Logistics & Transportation
By Country:
- United States
- Canada
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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