- The key vendors in the Protective Packaging Market in the US 2015-2019 are Packaging Corporation of America, Sealed Air, Smurfit Kappa Group and Sonoco Products.
London, 28 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Protective Packaging Market in the US 2015-2019. One of the major trends emerging in the market is increased investment in R&D to develop environment-friendly and sustainable packaging materials. Vendors are investing in innovative technologies to develop packaging materials that can be recycled and reused. The Protective Packaging market in the US is expected to witness a CAGR of 4.48 percent during the forecast period of 2014-2019.
Increasing consumer awareness and augmented implementation of protective materials for packaging by retail outlets have a favorable influence on the global market. Improved consumer spending and the rise in consumer demand for fresh and minimally processed food and beverages have boosted the demand for protective packaging materials such as bubble wrap and molded foam.
“The rise in demand from retailers and changes in consumers’ perceptions have opened up tremendous growth opportunities for market players worldwide,” says Faisal Ghaus, Vice President of TechNavio Research.
“Manufacturers of protective packaging materials are also considering differentiating their offerings from their competitors by providing the best possible protective packaging products to meet customers’ needs.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
