The protective packaging market is worth USD 32.43 billion in 2024 and will grow to USD 50.84 billion by 2034, at a CAGR of 4.6%. This report clearly breaks down the market by type (flexible, foam, rigid), material (paper & paperboard, plastics, foams, others), and end-use industries like food & beverage, healthcare, and electronics. It also provides regional insights for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific leads the market, while North America is growing quickly. The study covers key manufacturers, including Sealed Air (19%), ProAmpac (8%), Smurfit Kappa (7%), Amcor (6%), and Mondi (5%). It also explains supplier EBITDA margins, the value chain, and global trade flows that shape competitiveness in the market.
Global Protective Packaging Market Players
Latest Announcements by Protective Packaging Industry Leaders:
- According to Peter Voortmans, Commercial Director of Consumer Products Flexibles at Borealis, this new rLLDPE grade represents a major step on the path to a circular economy for plastics with its impressive 85% post-consumer recyclate content. As part of company’s efforts to reinvent necessities for sustainable living, Borcycle M CWT120CL will assist clients in reaching their sustainability goals while upholding the high performance standards necessary for demanding flexible packaging applications. Borealis announces launch of Borcycle M CWT120CL, a recycled linear low density polyethylene (LLDPE) grade intended for flexible packaging applications other than food that contains 85% post-consumer recycled material.
New Advancements in Protective Packaging Industry
- In March 2025, LyondellBasell, leading global chemical company announced the introduction of Pro-fax EP649U, a novel polypropylene impact copolymer intended for the rigid packaging sector. With its unique formulation for thin-walled injection molding, this product is perfect for applications involving food packaging. Because of its quick crystallization and high flow characteristics, Pro-fax EP649U makes it possible to produce thin-walled containers quickly and effectively, improving output and product quality.
- In September 2024, Modi, a pioneer in environmentally friendly paper and packaging, introduces its innovative recyclable Protective Mailers, which are constructed completely of paper. The creative mailers, created in partnership with Amazon, allow businesses to safely ship products without using plastic bubble wrap while also being completely recyclable in traditional paper waste streams. Modi's robust yet lightweight kraft paper and open-flute material provide a special mix for the Protective Mailers.
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