Market Size of High Pressure Protective Packaging Film Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.23 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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High Pressure Protective Packaging Film Market Analysis
The high-pressure protective packaging Film Market is expected to register a CAGR of 5.23% during the forecast period (2021-2026). The rise of e-commerce and online shopping and have unleashed opportunities for retailers and protective packaging manufacturers eventually to enhance their supply chain in a productive manner online shopping.
- According to gfu Consumer & Home Electronics GmbH, the market for consumer goods reached over one trillion euros in 2017 and it is expected that the market to grow to Euro 1,050 billion in 2019 and this will continue to grow during the studied period. There has always been a need to protect the products while shipping, which in return will fuel the market for high pressure protective packaging film market.
- Moreover, according to Eurostat in 2018, the members of EFPIA exported pharmaceutical products worth Euro 410,000 million and imported Euro 305,000 million. While in 2017, it was Euro 369,036 million of export and Euro 294,632 million of import. The resistance to shocks & abrasion and inherent flexibility give an advantage while packing a host of diverse products like pharmaceutical goods and increasing the import and export of pharmaceutical goods among the nations is also having a positive outlook on the high pressure protective packaging film market.
- However, most of the protective films are made up of plastics therefore, stringent governmental regulation over the use of plastic is restraining the market to grow.
