Asia-Pacific Protective Packaging Market Size

APAC Protective Packaging Market Analysis

The Asia Pacific protective packaging market is expected to register a CAGR of 7.9% during the forecast period 2020 - 2025. Asia-Pacific has emerged as a huge hub for semiconductors, consumer electronics, and electronics product manufacturing. The presence of a huge consumer population in these regions has been a huge complementary factor in the direct sales channel evolution and e-commerce growth. The presence of huge electronic products manufacturers such as Sony, Samsung, LG, and multiple vendors in the smartphone sector resulted in consumer electronics experiencing a huge demand for protective packaging. China, India, Japan, and South Korea are expected to remain the high-volume demand countries over the forecast period.

• The primary aim of packaging is the protection of the product from all hazards it can be exposed to during transport and handling. Recycling has become a significant part of cosmetics, skincare, and perfume companies. For instance, Amazon India is working towards reducing the usage of single-use plastics and optimizing boxes/recycling. The plastic currently used in packaging mailers and bubble bags is made of 20% recycled content. Presently less than 7% of packaging at Amazon India Fulfilment Centres includes single-use plastic.
• Technological advancements leading to the development of recyclable materials for protective packaging have driven the demand for these effective and sustainable packaging solutions in various countries. This increasing demand for sustainable protective packaging solutions is expected to drive the growth of the market. In August 2019, honest Diary and Noluma developed china's first yogurt product contained light protective packaging.
• However, the trade tensions between China and the United States are expected to impact the demand in the electronics market and are expected to be experienced by protective packaging vendors. The economic slowdown fear in the region is also expected to impact the protective packaging, especially in the automotive and industrial sectors.
• With the outbreak of COVID-19, the rising demand for e-commerce is also making the consumers pay more attention to the sustainability of packaging of shipments, forcing the vendor of protective packaging to rethink their packaging and provide the same.
• Moreover, the people have concerns over whether the virus can be transmitted through package deliveries such as bubble wrap and air pillows. But the Korea Centers for Disease Control and Prevention said transmission in this manner was unlikely. This type of concern among the people and the protective packaging vendors, along with their employees, would have somewhat slowed down the market growth during an outbreak of pandemic initially.