Package Cushioning Market Trends and Forecast
The future of the global package cushioning market looks promising with opportunities in the electronic packaging, machine packaging, cosmetic packaging, food & beverage packaging, and medical packaging markets. The global package cushioning market is expected to grow with a CAGR of 5.7% from 2024 to 2030. The major drivers for this market are rapid growth of e-commerce globally, rising focus on product safety and protection, and growing demand for sustainable and eco-friendly cushioning solutions.
• Lucintel forecasts that paper is expected to witness the highest growth over the forecast period.
• Within this market, electronic packaging is expected to witness the higher growth.
• Europe is expected to witness highest growth over the forecast period.
United States – Leading packaging companies announced initiatives to develop eco-friendly cushioning materials using recycled and biodegradable plastics. Government targets focus on promoting sustainable packaging practices through incentives and regulations to reduce environmental impact.
Germany – Packaging manufacturers collaborated with government-funded research institutes to innovate cushioning materials with enhanced shock absorption properties. Companies set targets to improve packaging efficiency and reduce waste in line with government sustainability goals.
China – E-commerce giants invested in automated packaging systems equipped with advanced cushioning technologies for efficient and secure product shipping. Government initiatives aim to improve packaging standards and promote the adoption of eco-friendly cushioning materials to reduce plastic pollution.
Japan – Packaging companies partnered with government programs to develop cushioning materials using renewable resources such as plant-based polymers. Manufacturers set targets to increase the use of sustainable packaging materials and promote recycling initiatives to achieve circular economy goals.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Package Cushioning by Segment
The study includes a forecast for the global package cushioning by type, application, and region.
Package Cushioning Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Paper
• Bubble Wrap
• Foam
• Others
Package Cushioning Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Electronic Packaging
• Machine Packaging
• Cosmetic Packaging
• Food & Beverage Packaging
• Medical Packaging
• Others
Package Cushioning Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Package Cushioning Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies package cushioning companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the package cushioning companies profiled in this report include-
• Sealed Air
• Polyair
• Kyana Packaging
• John Maye Company
• Nefab
• Acorn Paper
• UFP Technologies
Recent Development in the Package Cushioning Market
Sealed Air Corporation: Launched a new line of sustainable cushioning materials made from recycled plastics, aiming to reduce environmental impact while maintaining product protection during shipping.
Pregis LLC: Introduced innovative air cushioning systems equipped with IoT technology for real-time monitoring of packaging efficiency and material usage, optimizing packaging processes for increased productivity and cost savings.
Storopack Hans Reichenecker GmbH: Collaborated with leading e-commerce platforms to develop custom cushioning solutions tailored to specific product requirements, ensuring secure and eco-friendly packaging for diverse product ranges.
Dow Inc.: Invested in research and development to innovate cushioning materials with enhanced performance properties, including shock absorption and moisture resistance, meeting the evolving needs of the packaging industry for reliable product protection.
Features of the Global Package Cushioning Market
Market Size Estimates: Package cushioning market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Package cushioning market size by type, application, and region in terms of value ($B).
Regional Analysis: Package cushioning market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the package cushioning market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the package cushioning market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for package cushioning market?
Answer: The global package cushioning market is expected to grow with a CAGR of 5.7% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the package cushioning market?
Answer: The major drivers for this market are rapid growth of e-commerce globally, rising focus on product safety and protection, and growing demand for sustainable and eco-friendly cushioning solutions.
Q3. What are the major segments for package cushioning market?
Answer: The future of the global package cushioning market looks promising with opportunities in the electronic packaging, machine packaging, cosmetic packaging, food & beverage packaging, and medical packaging markets.
Q4. Who are the key package cushioning market companies?
Answer: Some of the key package cushioning companies are as follows:
• Sealed Air
• Polyair
• Kyana Packaging
• John Maye Company
• Nefab
• Acorn Paper
• UFP Technologies
Q5. Which package cushioning market segment will be the largest in future?
Answer: Lucintel forecasts that paper is expected to witness the highest growth over the forecast period.
Q6. In package cushioning market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the package cushioning market by type (paper, bubble wrap, foam, and others), application (electronic packaging, machine packaging, cosmetic packaging, food & beverage packaging, medical packaging, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Package Cushioning Market Market, Package Cushioning Market Market Size, Package Cushioning Market Market Growth, Package Cushioning Market Market Analysis, Package Cushioning Market Market Report, Package Cushioning Market Market Share, Package Cushioning Market Market Trends, Package Cushioning Market Market Forecast, Package Cushioning Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.