Global Industry Analysis And Opportunity Assessment, 2017-20121
- Aug 11, 2017 -
The report covers the present scenario and the growth prospects of the global protective packaging systems market for 2017-2021. To calculate the market size, the report considers new installations, shipments, sales, volume, and value.
A protective packaging system or machinery is a device that is used to fabricate protective packaging materials such as bubble wrap, paper cushion, foam packaging, and similar materials. Protective packaging machines are categorized based on the volume or size of the protective materials they produce. A bubble wrap machine is available in both compact and massive sizes, depending on the size of the air bubbles required to make bubble wraps.
Research analysts forecast the global protective packaging systems market to grow at a CAGR of 7.56% during the period 2017-2021.
Online shopping is more popular than ever, which means retailers around the globe are altering their packaging strategies to accommodate more frequent but smaller shipments. This inevitably means that companies may need to update their protective packaging operations with new packaging materials or upgrade their packaging machinery.
European B2C e-commerce turnover has been steadily growing annually by around 13% over the last few years, according to E-Commerce Europe, sales reached €510bn in 2016. In Western Europe, the UK topped the list in 2015 at €157bn, followed by France at €64.9bn and then Germany at €59.7.
So how do these increases impact packaging and logistics? Well some major carriers like FedEx and UPS have already changed their rate formulas to favour smaller, lighter packages. This has further incentivised retailers to evaluate their packaging strategies and make changes in an attempt to save money on shipping fees.
In terms of protecting goods in transit, these major changes in consumer behavior and the steady growth in e-commerce, it’s not surprising that growth is predicted for the protective packaging and protective packaging machinery industries.