Protective Packaging Market Is Gaining Major Traction With Intertape Polymer Group Inc. Expanding Its Manufacturing Operation In Pittsylvania County To Increase Production For Its E-Retail Packaging

 

Protective Packaging Market

Protective Packaging is very important for many applications. One of the major use for this kind of protective packaging is padding. A popular padding application is in the automotive, medical, and household industries. Some of the products that receive padding include mattress pads, soft-sided luggage, and bubble bags. On a regional basis, Asia Pacific has emerged as a promising region for the protective packaging market. This is due to the fact that the purchasing power of consumers in this region has improved significantly, which is complemented by continuous technological advancements in manufacturing activities. Furthermore, developed regions such as North America are also witnessing high demand for protective packaging since there has been a rapid growth of the e-commerce industry over the years.

Recently, in January 2021, Intertape Polymer Group Inc. announced to expand its manufacturing operation in Pittsylvania County to increase production for its e-retail packaging

There are numerous other uses for this special kind of padding. It is useful in moving and storing heavy items, like furniture and appliances. Moreover, it is an excellent choice for protecting cargo and moving machinery. Many companies provide padding services and specialized services for padding different types of goods. Protective packaging solutions are widely used in the e-commerce sector. Over the years, the e-commerce sector has gained significant traction and witnessed robust growth in both developed and emerging economies. As per the India Brand Equity Foundation (IBEF), the Indian e-commerce market is expected to reach US$ 200 billion by 2026, increasing from US$ 38.5 billion in 2017. Protective packaging has been used to provide optimum protection for materials that are fragile and prevent them from destruction during shipping or warehousing. Such aspects can augment growth of the protective packaging market.

The demand for protective packaging is also increasing due to the fact that there have been numerous technological advancements in the field of packaging. Such highly advanced packaging solutions have been adopted in the food & beverage, healthcare, and pharmaceutical sectors to provide adequate protection for the goods. Key players continue to focus on R&D activities to develop sustainable and environment-friendly packaging materials. Therefore, these are the factors that can boost growth of the protective packaging market.

Regardless, the packaging industry has witnessed the advent of potential substitutes for protective packaging solutions such as air pillows, biodegradable packaging, recycled cardboard & paper, others. As a result of this, many end-use industries have started adopting the aforementioned packaging solutions, which potentially restrict growth of the protective packaging market.   

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