Albany, NY (PRWEB) February 19, 2015
According to the report, the protective packaging market in the U.S. is expected to grow at a CAGR of 4.48% from 2015 to 2019. The report assesses the protective packaging market in the U.S. in order to identify the key growth drivers, restraints, challenges, and opportunities for the market. It also determines the sales for every segment protective packaging market in the U.S., factors supporting the growth of sub-segments, and the ones holding it back.
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Protective packaging is an integral component of sales, marketing, and logistics. The protective packaging industry is growing at a proliferating rate as it provides incredible solutions to consumers for not just packing items, but also preserving them, and at times increasing their self-life. Protective packaging materials are made out of combinations of paper, plastic, metals, rubber, and alloys. The primary growth drivers for protective packaging market in the U.S. is led by the growing e-commerce industry that thrives on the shipping of goods, changing consumer lifestyles, increase in disposable incomes, and expansion of markets across the globe. As the market for various goods, both perishable and non-perishable, is increasing via e-commerce there is a growing need for shipping, which is fueling the growth of the protective packaging market in the U.S. Additionally, rising disposable incomes leading to a preference for packaged food amongst people leading busy lives is contributing greatly to the growth of the protective packaging market in the U.S.
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Despite such powerful market drivers, the protective packaging market in the U.S. is faced with some tough challenges such as rising cost of raw materials, threat of damage to goods, and strict regulations especially in the food packaging industry. To overcome these challenges, packaging industries are looking at innovative designs and materials to safeguard goods till they reach the customer. Also, a lot of thought is being invested into finding ways to make food last longer in packets. To put it simply, key industry players in the protective packaging market in the U.S. are looking at ways to make far more sustainable solutions than what exist at the moment.
Some of the key players in the protective packaging market in the U.S. are Packaging Corporation of America, Sonoco Products, Sealed Air, Cascades, FP International, Geami, Smurfit Kappa Group, iVEX Protective Packaging, Max Packaging, Macfarlane Group, Springpack, Universal Protective Packaging, Unisource Worldwide, and Protective Packaging Solutions. The report on the protective packaging market in the U.S. offers a detailed analysis of these players to help the reader understand the competitive landscape, their financial outlooks, marketing strategies, research and development activities, list of existing products and those in the pipeline, and potential mergers and acquisitions.
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