Industrial, Manufacturing & Heavy Industry Market News

Global protective packaging market valued at USD 21.9 billion in 2016 according to new research report

Industrial Market Research

The global protective packaging market is expected to register a CAGR of 5% and reach a valuation of USD 32.4 billion by the end of the forecast period 2016-2024.

According to Goldstein Research, global Protective packaging market is expected to reach USD 32.4 billion by the end of 2024 from USD 21.9 billion in 2016, growing at a CAGR of 5.0%. The rising international trades, growing online sales, advanced technology adaptation are driving the growth of protective packaging market.

Global Protective packaging market segmentation has been done on the basis of product type, function, end user and geography. Bubble foam packaging accounted for largest market share with 60% revenue share in 2016.