According to a market report by Lucintel, the future of the protective packaging market in the US looks promising with opportunities in the food & beverage, healthcare, industrial, automotive, consumer electronics, and other markets. The major drivers for this market are rise in the demand of convenient packaging, growing demand in the food & beverage and healthcare sectors, and rise in consumer spending on packaged goods.
In this market, flexible, rigid, and foam are the major product types. Flexible protective packaging is expected to remain the largest segment over the forecast period due to flexible protective packaging is environment-friendly, and provides good barrier resistance properties from damage such as shock and vibration and is cost-effective.
Food & beverage is expected to witness the highest growth over the forecast period due to wide adoption by food & beverage manufacturers and increasing demand for overseas goods.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the protective packaging market in the US by product type, material type, functions, and application and has compiled a comprehensive research report titled “Growth Opportunities for the Protective Packaging Market in the US 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the protective packaging market in the US by product type, material type, functions, and application as follows:
By Product Type [$ Million Shipment Analysis from 2015 to 2026]:
By Material Type [$ Million Shipment Analysis from 2015 to 2026]:
Paper & Paperboard
Foam Plastics
Plastics
Others
By Function [$ Million Shipment Analysis from 2015 to 2026]:
Cushioning
Blocking & bracing
Void-fill
Insulation
Wrapping
By Application [$ Million Shipment Analysis from 2015 to 2026]:
Food & beverage
Health care
Industrial
Automotive
Consumer electronics
Others
A more than 50 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.