SOURCE: MarketResearch.com

MarketResearch.com

February 23, 2012 06:08 ET

Market Research Projects Protective Packaging Market at $5.9 Billion by 2016

ROCKVILLE, MD--(Marketwire - Feb 23, 2012) - MarketResearch.com has announced the addition of the new report "Protective Packaging" to their collection of Packaging market reports. For more information, visit http://www.marketresearch.com/Freedonia-Group-Inc-v1247/Protective-Packaging-6784638/

Protective packaging demand is expected to reach $5.9 billion in 2016, accelerating from the pace of the 2006-2011 period based on increased manufacturing output following the 2007-2009 recession and continued solid growth for electronic shopping. These factors will necessitate heightened requirements for cost effective packaging used in the protection of goods from shock, vibration, abrasion, temperature abuse and other damaging effects of shipping and handling.

Above-average growth is expected for most foamed plastics, as well as insulated shipping containers and air pillows. In addition to benefiting from a recovery in the manufacturing sector, gains for molded and other foamed plastics will be aided by advantages of light weight and excellent cushioning capabilities compared to paperboard and other materials. Further advantages of foamed plastic products include the ability to be custom molded to conform to shapes of sensitive equipment such as computers, consumer electronics and instrumentation, thereby providing enhanced protective capabilities. However, longer-term prospects will be constrained by the outsourcing of manufacturing operations to offshore locales with lower labor costs and competition from greener alternatives.

Insulated shipping container advances will be driven by expanding specialized handling requirements for temperature sensitive pharmaceuticals and increased online sales of perishable foods. Rapid growth for biotechnology drugs and vaccines, which are often temperature sensitive, will fuel sales of insulated shipping containers in order to maintain product efficacy and prevent losses of high-value drugs due to spoilage caused by temperature abuse. To prevent such losses, drug makers are placing increased pressure on logistics providers to demonstrate quality assurance measures.

For more information, visit http://www.marketresearch.com/Freedonia-Group-Inc-v1247/Protective-Packaging-6784638/

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