Protective Packaging Market Outlook 2023-2030: Growth Trends & Key Insights
The global protective packaging market size is expected to reach USD 50.15 billion by 2030, expanding at 5.1% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. This market growth is primarily due to the rising consumer spending for packaged goods and increased demand from various end-uses such as industrial goods, food & beverage, and other industries. Increased disposable income and a greater inclination to purchase a wide range of packaged consumer products in regions such as North America and Asia Pacific, the need for protective packaging to safeguard these goods during transportation, storage, and handling are key factors driving growth. In addition, the protective packaging industry is increasingly being driven by the unboxing experience of electronic products, particularly among social media influencers. Brands that embrace this trend can connect customers to their websites and products more effectively. For instance, ele...