Protective packaging machines are those machines which are used across diverse set of industries to enable the manufacturers in ensuring the safety of consumer products, industrial equipment, and electronic gadgets among others. Protective packaging, as against conventional packaging, protects and preserves the product during its transit and storage. Protective packaging technology facilitates the safe delivery of goods to the customers. With a steady growth of e-commerce industry, the demand for protective packaging has in turn witnessed a steady increase, leading to the rise in the adoption of the protective packaging machines in the market. Protective packaging machines have a high demand across various industries in order to protect their products from abrasion, and other damages that may result due to improper handling and storage. The demand for protective packaging in the US is expected to expand at a moderate pace during the forecast period. As such, demand for protective packaging machines is in turn slated to witness a steady growth over the forecast period. Increasing demand, especially from Asia Pacific, Africa, and Latin America is expected to emerge as a major growth driving factor for global protective packaging machines market.
Protective Packaging Machines Market Dynamics: Drivers & Challenges
With steady increase in disposable income across key economies across the globe, penetration of internet and internet shopping or e-shopping has witnessed a steady rise over the recent past. The growing prominence of e-commerce, especially in such developing economies, is expected to result in increasing demand for protective packaging. This in turn is expected to result in a steady growth of protective packaging machines market over the forecast period. Continuous growth in the manufacturing and retail sectors is likely to propel the demand for protective packaging machines during the forecast period. Industry efforts to do away with conventional packaging methods which are not necessarily effective in terms of functionality, are expected to result in development of novel packaging solutions. Moreover, increasing efforts towards development of bespoke packaging solutions intended to effect savings in terms of weight and bulk are likely to result in steady growth of global protective packaging machines market over the forecast period. The relatively higher cost associated with adoption and use of some of the protective packaging machines vis-à-vis conventional packaging methods may act as a deterrent to the growth of global packaging machines market during the forecast period.
Protective Packaging Machines Market: Segmentation
Depending on the types of machines that are used for protective packaging, global protective packaging machines market has been segmented in to following key types.
- air cushion machines
- bubble sheet manufacturing machines
- protective foam machines
- Paper Fill Machines
Global protective packaging machines market can be segmented on the basis of application into following key market segments.
- Industrial Equipment
- Electronic Gadgets
- Consumer goods
- Medical equipment
Protective Packaging Machines Market: Regional Outlook
Depending on geographical regions, global packaging machines market can be divided into seven major regions including North America, Latin America, Western and Eastern Europe, Asia-Pacific, Japan, Middle East & Africa. Asia Pacific protective packaging machines market is expected to witness a relatively faster growth as compared to that of the other regions of the globe.
Protective Packaging Machines Market: Key Players
Some of the players operating in global protective packaging machines market include:
- 3G Packaging Corp.
- Atlantic Packaging
- Automated Packaging Systems Inc.
- KOCH Pac-Systeme GmbH
- ORVED S.p.A.
- Storopack Hans Reichenecker GmbH
- Ranpak Corp.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.