Quadintel published a recovery-based report for Global “Packaging Peanuts Market” that provides crucial details on company opportunities, growth plans, trends, innovations, the competitive landscape in 2022, and the geographic outlook. Based on relevant market and regional segmentation, a thorough assessment of this worldwide market includes the historical analysis of this market (from 2023 to 2030) and develops reliable and approximative timeline estimations up to 2030.
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iGlobal Packaging Peanuts Market is valued approximately USD $$ billion in 2020 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2023-2030.
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Packaging peanuts or Foam peanuts are a common loose-fill packaging and cushioning material. Packing peanuts are made from polystyrene, a material commonly used to make foams. Packaging peanuts are used to prevent damage to fragile objects during shipping. Growing e-commerce Sector and rising electrical and electronics industry are key drivers for the growth of Packaging peanuts Market. For instance, according to the U.S. Census Bureau’s MONTHLY ADVANCE REPORT ON DURABLE GOODS MANUFACTURERS’ SHIPMENTS, INVENTORIES AND ORDERS NOVEMBER 2021- new orders for manufactured durable goods in November 2021 month increased to USD 268.3 billion from that of USD 261.7 billion in the month of October 2021. Also, as per The Economic Research Institute for ASEAN and East Asia or ERIA’s Improving Digital Connectivity for E-commerce: A Policy Framework and Empirical Note Globally April 2020 report, Global e-commerce revenue reached to USD 1.6 trillion in 2018 and by the year 2023 it is expected to grow to USD 2.7 trillion. .
The Association of Southeast Asian Nations (ASEAN) and East Asia together has the world’s fastest-growing online market, with an existing Internet user base of over 350 million users and an overall market size of USD 72 billion in 2018. E-commerce is the most dynamic sector in the region. In the next 5-10 years, the regional e-commerce market is projected to grow at an average rate of 25%-35% per year Also, with the increasing adoption from end use industries, the adoption & demand for Packaging Peanuts is likely to increase the market growth during the forecast period. However, rising focus over sustainable packaging solutions, and availability of alternative packaging solutions impedes the growth of the market over the forecast period of 2021-2027.
The key regions considered for the global Packaging Peanuts market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to growing electricals and electronics industry in the region. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2021-2027. Factors such as increasing demand for the product from rising e-commerce and pharmaceuticals industries in emerging countries in the region would create lucrative growth prospects for the Packaging Peanuts market across Asia-Pacific region.
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Major market player included in this report are:
- Neway Packaging Corporation
- Transpak
- Federal Industries Corp.
- President Container Inc.,
- Puffy Stuff,
- Storopack Hans Reichenecker GmbH,
- Sealed Air Corp,
- AP Packaging Corp.,
- Nefab Group
- JohnPac, LLC
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Material:
Polystyrene
Starch-based
Corn Starch
By End Use Industries:
Food and Beverages
Automotive
Electrical & Electronics
Healthcare & Pharmaceutical
Personal Care and Cosmetics
Consumer Goods
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market: The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the market opportunities, market risk, and market overview of this industry?
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