Global Protective Packaging Market Size & Outlook
Global protective packaging market, 2018-2030 (US$M)
Related Markets
Global protective packaging market highlights
- The global protective packaging market generated a revenue of USD 35,499.0 million in 2023 and is expected to reach USD 50,152.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.1% by 2030.
- In terms of segment, flexible accounted for a revenue of USD 23,446.9 million in 2023.
- Flexible is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 35,499.0 million |
| Market revenue in 2030 | USD 50,152.9 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Flexible |
| Fastest growing segment | Flexible |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Flexible, Foam, Rigid |
Other key industry trends
- In terms of revenue, the North America accounted for 26.4% of the global protective packaging market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 608.9 million by 2030.
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Protective Packaging Market Scope
Protective Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global protective packaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to protective packaging market will help companies and investors design strategic landscapes.
Flexible was the largest segment with a revenue share of 66.05% in 2023. Horizon Databook has segmented the Global protective packaging market based on flexible, foam, rigid covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Protective Packaging Type Outlook (Revenue, USD Million, 2018-2030)
- Flexible
- Foam
- Rigid
- Global Protective Packaging Material Outlook (Revenue, USD Million, 2018-2030)
- Paper & Paperboard
- Plastic
- Plastic Foams
- Others
- Global Protective Packaging Function Outlook (Revenue, USD Million, 2018-2030)
- Void Fill
- Wrapping
- Insulation
- Blocking & Bracing
- Cushioning
- Global Protective Packaging End Use Outlook (Revenue, USD Million, 2018-2030)
- Food & Beverage
- Industrial Goods
- Consumer Electronics
- Household Appliances
- Healthcare
- Automotive
- Others
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Target buyers of Global protective packaging market databook
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Our clientele includes a mix of protective packaging market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global protective packaging market , including forecasts for subscribers. This global databook contains high-level insights into Global protective packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global protective packaging market size, by regions, 2018-2030 (US$M)
Top 10 countries: Protective packaging market size, 2023 (US$M)
Global protective packaging market share, by type, 2023 & 2030 (%, US$M)
Protective packaging market: Opportunity assessment by country
Global protective packaging market, by region, 2023 (US$M)
| Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 8,104.5 | 8,513.3 | 7,831.1 | 8,300.6 | 8,808.4 | 9,358.1 | 9,954.1 | 10,601.0 | 10,847.6 | 11,360.5 | 11,883.1 | 12,415.3 | 12,957.2 | 4.8% |
| Europe | 5,924.3 | 6,189.3 | 5,662.3 | 5,969.0 | 6,299.4 | 6,655.8 | 7,040.6 | 7,456.7 | 7,575.6 | 7,884.2 | 8,194.5 | 8,506.3 | 8,819.5 | 4.1% |
| Asia Pacific | 12,077.7 | 12,883.0 | 12,033.4 | 12,951.5 | 13,955.3 | 15,054.1 | 16,258.6 | 17,580.6 | 18,231.9 | 19,371.0 | 20,554.4 | 21,782.9 | 23,057.9 | 6.3% |
| Latin America | 2,628.5 | 2,716.9 | 2,459.1 | 2,564.8 | 2,677.9 | 2,799.3 | 2,929.7 | 3,069.9 | 3,079.2 | 3,167.5 | 3,253.5 | 3,337.0 | 3,417.9 | 2.9% |
| MEA | 1,599.3 | 1,648.2 | 1,483.4 | 1,534.2 | 1,583.8 | 1,631.6 | 1,677.0 | 1,719.3 | 1,760.8 | 1,799.0 | 1,835.1 | 1,868.9 | 1,900.3 | 2.2% |
| Overall | 30,334.2 | 31,950.7 | 29,469.3 | 31,320.1 | 33,324.8 | 35,499.0 | 37,860.1 | 40,427.5 | 41,495.1 | 43,582.3 | 45,720.5 | 47,910.4 | 50,152.9 | 5.1% |
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