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MarketsandMarkets: Global Protective Packaging Market is expected to reach USD 35.82 Billion by 2020.

The market is segmented and the market sizes are forecasted on the basis of major regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). The key countries are covered and their market sizes have been forecasted for each region.

The protective packaging market is mostly driven by the rising e-commerce industry and manufacturing activities, increase in the Internet penetration, and the increase in spending by end consumers for packaged products through e-retailing channels. Rising concerns towards the environment and stringent regulations towards packaging waste are encouraging manufacturers to increase their investments in R&D activities to develop sustainable protective packaging materials that can be renewed, recycled & reused.

The global protective packaging market is projected to reach USD 35.82 Billion by 2020, with a CAGR of 6.39% from 2015-2020. The Asia-Pacific region accounted for around 37% of the total market share in terms of value, followed by the North American and European regions.

Some of the key players in the market include Smurfit Kappa Group plc (Ireland), RockTenn Company (U.S.), Sealed Air Corporation (U.S.), Sonoco Products Company (U.S.), Huhtamaki OYJ (Finland), and DS Smith Plc (U.K.).

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