Top Companies in the Protective Packaging Market | Leading Players thorough Report by VMR
Protective Packaging is designed and developed to protect products from damage caused by air, magnetic, static, vibration, or collision.
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Upcoming Trends in the Protective Packaging Market
Protective Packaging Market is valued at USD 29.18 Billion in the year 2021 and is projected to reach a value of USD 39.78 Billion by the year 2028 growing at a Compound Annual Growth Rate (CAGR) of 5.3% over the forecast period. Protective Packaging products are manufactured to safeguard the goods from damage; they can be atmospheric, magnetic, electrostatic, shock, and so on. Products comprise diverse varieties of box or storage containers, space fillers, liners, and spacers. These products are planned to secure packaging from damages. Protection aspects consist of electrical and thermal insulation, fire security, moist protection, and shock or vibration diminishing, UV or weather resistance.
Rapid industrialization, the emergence of the Fourth Industrial Revolution (Industry 4.0), and the widespread adoption of packaging products are among the major factors spurring market growth. Apart from this, due to the substantial rise in the aerospace, agriculture, automotive, and construction industries, leading companies in these sectors are utilizing next-generation Protective Packaging equipment to modernize manufacturing processes, increase flexibility in warehouse operations, and enhance transparency in the supply chain. Moreover, key players are emphasizing mergers and acquisitions (M&A), collaborations, and partnerships with other companies to introduce innovative products. Furthermore, on account of the coronavirus disease (COVID-19) outbreak, implementation of social distancing rules by governing agencies, and the rising adoption of remote working models, these players are also focusing on Protective Packaging products to the supply chains. This, in turn, is expected to provide a positive impact on the market growth.
Some of the key players operating in the Protective Packaging market are listed below:
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Company Name |
Revenue in USD |
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$10 Billion |
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$5 Billion |
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$5 Billion |
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$3 Billion |
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$55 Billion |
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$7 Billion |
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$754 Million |
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$328 Million |
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$18 Billion |
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$1 Billion |
The Smurfit Kappa Group plc is Europe's leading corrugated packaging company and one of the leading paper-based packaging companies in the world. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. The company is listed on the stock market as SKG (LON). In 2021, the company generated revenue of USD 110.8 Billion and has 48,000 employees working across the globe.
Sealed Air Corporation is a packaging company known for its brands, Cryovac food packaging, and Bubble Wrap cushioning packaging. It sold off its stake in Diversey Holdings in 2017. Headquartered in Charlotte, North Carolina, its current CEO is Ted Doheny. The company is listed in the New York Stock market as SEE (NYSE) and generated USD 4.79 million in 2019. The company has 16,500 employees working and major of its sales are in North America.
Sonoco Products Company was founded in 1899 in the U.S. by James Lide Coker. The company is listed in New Your Stock Exchanges (NYSE) as SON (NYSE). As of 2020, the company had 21,000 employees working across all the locations worldwide. In 2020, the company had USD 523.7 Million in revenue. The company majorly manufacturers and provides services such as Consumer packaging, healthcare packaging, industrial products and services, and Protective Packaging solutions.
Huhtamäki Oyj is a global food packaging specialist, headquartered in Espoo, Finland. Its products include paper and plastic disposable tableware, such as cups, plates, and containers for quick service restaurants, coffee shops, retail stores, caterers, and vending operators. The company is listed as HUH1V (HEL) in the stock market. The company holds various subsidiaries such as Huhtamaki Americas, Inc., Elif Holding A.S., and more.
The Dow Jones Industrial Average, Dow Jones, or simply the Dow, is a price-weighted measurement stock market index of 30 prominent companies listed on stock exchanges in the United States. The company is listed on NASDAQ and New York stock markets. The company generated USD 10.3 Trillion in revenue in 2021 and holds 54,000 employees.
DS Smith PLC is a British multinational packaging business, headquartered in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. The company is listed in the London stock market as SMDS (LON) and holds various subsidiaries such as Papeles Y Cartones De Europa, Ds Smith France, and more. In 2021 the company generated USD 23.82 billion and has 29,309 employees working.
Pregis is a leading global provider of innovative Protective Packaging materials and systems. The company designs, develop, and deliver packaging solutions for a wide variety of consumer and industrial market segments. The company is headquartered in Illinois, United States. in 2021, the company generated revenue of USD 810.2 million and has 1,500 employees working.
Pro-Pac Packaging Limited is an international company, with a diversified distribution and manufacturing network throughout Australia, New Zealand, and Canada. The company provides a combination of product and service solutions for primary packaging, packaging that touches and houses the product, secondary packaging, packaging that contains multiples of the products for shipping; and tertiary packaging, packaging that protects and secures the total package during transit. PPG supplies a wide range of products and services to most industry segments ranging from Primary Produce, Food and Food Processing Industries, Agricultural Markets, Industrial and Commercial Markets, Warehousing, and Logistics, to Retail and FMCG Markets. The company is headquartered in Australia and listed as PPG (ASX). The company was founded in 1987 and has 850 employees working.
WestRock is an American corrugated packaging company. It was formed in July 2015 after the merger of MeadWestvaco and RockTenn. WestRock is the 2nd largest American packaging company. The company is listed as WRK (NYSE) in the New York stock market. In 2017, the company generated revenue of USD 148.6 billion and had 51,000 employees working.
Intertape Polymer Group Inc. is a packaging products and systems company that supplies retailers and manufacturers, based in Montreal and Sarasota, Florida, with 17 locations, 12 manufacturing locations in North America and one in Europe, and 2000 employees. The company is listed as TSE (ITP) on the stock market.
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