According to Data Bridge Market Research new Market report, global high pressure protective packaging film market will account to growth at a moderate CAGR during the forecast period of 2019 to 2026.
Global High Pressure Protective Packaging Film Market
High pressure protective packaging film can be defined as a component of the complete protective packaging method. This film contains air in its layering which protects the contents of the package adding an extra layer of protection between the final layer of packaging and contents. Due to the presence of air, it is a very lightweight protective layer that helps in maintaining the low weight of the packaging process which would have been high if used some other layer of packaging.
Global high pressure protective packaging film market is segmented on the basis of type, end-users and geography.
By Type (Bubble Wrap, Void-Fill Pillows, Others), End-Users (Electronics, E-Commerce, Automotive, Medical Devices, Housewares, Others) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
FACTORS DRIVING GROWTH IN HIGH PRESSURE PROTECTIVE PACKAGING FILM MARKET
Increased use of E-commerce in retail market
According to United States Census Bureau, the adoption of e-commerce segment for basic retail shopping has been rising overall. In 2015, total value of shipments sold was USD 5,519,018 dollars in the United States, and this number was estimated at USD 5,354,694 in 2016. Though, the values of the shipments have gone down, but the share of the e-commerce segment has certainly grown from 63.3% in 2015 to 64.8% in 2016. This number is further expected to rise due to the growing prevalence of digital age and influence of social media.
Few of the major competitors currently working in the high pressure protective packaging film market are Pregis LLC, DowDuPont, RAJAPACK Ltd, Sealed Air, iVEX Packaging, Fruth Custom Plastics, Automated Packaging Systems Inc., Future Packaging, Barton Jones Packaging Ltd, Abco Kovex, Tarheel Paper & Supply Company and FUJIFILM Corporation.
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Global High Pressure Protective Packaging Film Market – Industry Trends and Forecast to 2026