In 2023, the United States and Canada Protective Packaging Market is anticipated to be worth USD 8.3 billion. From 2023 to 2033, it is expected to surge at a CAGR of 5.1%. The market is set to reach a valuation of USD 13.6 billion by the end of 2033. In 2022, top 5 companies accounted for 15% to 20% of the regional market share.
With the rise of online grocery shopping trend across the United States and Canada, there is an increasing need for protective packaging. It helps to ensure that perishable food items are kept fresh during shipping.
Protective packaging can help maintain the temperature and prevent spoilage of these items during transit. Food safety regulations in the United States require that food products are packaged in materials that are safe for consumption and do not pose a health risk to consumers.
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Protective packaging plays a crucial role in ensuring that food products meet these regulations and are safe for consumption. Ongoing expansion of food industry in the United States is set to showcase promising demand for protective packaging solutions.
Companies that can offer effective and innovative protective packaging solutions for the food industry are likely to benefit from this trend.
Key Takeaways From The United States and Canada Protective Packaging Market
- The protective packaging market in the United States and Canada grew at a CAGR of 3.6% between 2017 and 2022.
- The market’s value increased from USD 6.6 billion in 2017 to USD 7.8 billion in 2022.
- E-commerce sales in the United States reached USD 1,034.1 billion in 2021, with a growth rate of 7.7%, according to the U.S. Department of Commerce.
- Canada’s manufacturing sector contributes approximately USD 174 billion to its total GDP, as per the Government of Canada.
- By 2033, the plastic segment is anticipated to generate around 49% of the protective packaging market’s revenue.
- Boxes are a widely used protective packaging product in the U.S. and Canada, projected to capture 19.6% market share and reach a value of USD 1.6 billion in 2023.
Competitive Landscape
The protective packaging sector is very competitive in the United States and Canada. Only a few merchants are expected to offer these items and services. To increase their market share, they are focusing on mergers and acquisitions.
For instance,
- In November 2022, Sonoco Products Company announced intentions to expand its Sonopost Cornerpost manufacturing facilities in Europe. The company has also developed a protective packaging production facility in Bursa, Turkey.
- Sealed Air Corporation introduced the BUBBLE WRAP brand of paper bubble envelopes that may be composted in curbside bins in March 2022.
- In May 2022, Smurfit Kappa Group plc created AquaStop, a water-resistant paper. It’s a sustainable and innovative product. AquaStop’s covering permits it to maintain its recyclable properties. It signifies that the product can still be recycled while being water-resistant.
Key Players
Sealed Air Corporation; Sonoco Products Company; DS Smith Plc; Greif Inc.; Smurfit Kappa Group; 3M Company; Nefab Group; 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.; Plastix USA LLC; Signode Industrial Group LLC.
United States and Canada Protective Packaging 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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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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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