Global Protective Packaging Market to Grow Over 6% Annually to 2022
The global protective packaging market is expected to grow at a CAGR of more than 6 percent from 2018-2022, according to a new report by Technavio (technavio.com). Market trends include a growing popularity of home delivery of food and grocery items; and an increased focus on sustainability.
The report breaks down the market by product, including foam protective packaging, rigid protective packaging and flexible protective packaging. As projected in 2017, around 45 percent of the market share originated from foam protective packaging. The most popular foam packaging products are foam-in-place and polyolefin rolled foam.