Global Packaging Peanut Market, By Type (Polystyrene Packaging Peanut, Starch-based Packaging Peanut), Application (Automotive Industry, Food and Beverage Industry, Electrical and Electronics Industry, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Packaging Peanut Market
Data Bridge Market Research analyses that the packaging peanut market will project a CAGR of 5.50% for the forecast period of 2022-2029. Rising focus on the packaging product innovations and technological advancements by the manufacturers, growth and expansion of packaging industry especially in the developing economies such as India and China, surging demand for innovative packaging solutions that are developed with advanced and innovative methods of manufacturing, growing awareness about the benefits of packaging peanut and increased personal disposable income are the factors driving the growth of packaging peanut market.
Packaging peanuts are packaging and cushioning materials that are used to protect fragile and delicate products during shipping. Also known as foam peanuts, foam popcorn or packing noodles, packaging peanuts are shaped to interlock when compressed and free flow in the alter case. Traditionally, packing peanuts are made from polystyrene. Packaging peanuts are small Styrofoam based materials that are used to cushion up and fill up the spaces. This helps in protecting the packaged goods against sudden and strong shocks. Packaging peanut serves as an excellent filler by providing extra layers of protection. However, since the packaging peanuts are nothing but small pieces of Styrofoam, they take up a lot of time to decompose. They may end up living on the land for many years, thereby, making it difficult for the environment.
Rising urbanization, modernization, and globalization coupled with increasing penetration of protective packaging solutions is driving the growth in the packaging peanut market value. Growing product innovations by the manufacturing industry, surging awareness about the benefits such as improved quality of product packaging, and cost effectiveness, and surging development in the flexible packaging solutions will further induce growth in the packaging peanut market value. Surging research and development proficiencies, growing focus of the manufacturers on minimize the production cost without compromising with the quality, high packaging product shelf life and growing technological advancements in the packaging equipment and technology to accommodate a diversified range of products are some other factors that will be responsible for propelling the market growth rate. Increased proliferation of e-commerce industry, growth and expansion of various end user verticals and rising number of supermarkets, hypermarkets, and convenience stores are some other packaging peanut market growth determinants.
However, supply chain disruptions owing to the covid-19 pandemic will create hindrances for the packaging peanut market growth rate. Fluctuations in the prices of raw materials and rising costs of shipping will further dampen the packaging peanut market growth rate. Poor Infrastructure facilities, rising environmental concerns associated with plastic packaging and strict global trade regulations will hamper the packaging peanut market growth rate.
This packaging peanut market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on packaging peanut market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Packaging Peanut Market Scope and Market Size
Global packaging peanut market is segmented on the basis of type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the packaging peanut market is segmented into polystyrene packaging peanut and starch-based packaging peanut.
- Packaging peanut market is segmented in terms of market value, volume, market opportunities and niches into multiple applications. The application segment for packaging peanut market includes automotive industry, food and beverage industry, electrical and electronics industry and others.
Packaging Peanut Market Country Level Analysis
The global packaging peanut market is analysed and market size insights and trends are provided by country, type and application as referenced above.
The countries covered in the packaging peanut market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific region will dominate the global packaging peanut market during the forecast period owing to the rising domestic demand for ready-to-eat and convenience food products, growing number of manufacturing industries, mushrooming consumer crater of packaged goods, growth and expansion of various end user verticals, rising adoption of packaged peanuts as a part of daily meals, rapid industrialization, and increased personal disposable income.
The country section of the packaging peanut market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Packaging Peanut Market Share Analysis
The packaging peanut market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to packaging peanut market.
Some of the major players operating in the packaging peanut market President Container Group of Companies., Sealed Air, Puffy Stuff, STOROPACK HANS REICHENECKER GMBH, AP Packaging Corp., Valor Industries., Dhruvraj Syndicate., JohnPac., Johnsonplastic, Federal Industries., LAURAL PACKAGING GROUP SOUTH Inc., Uline, Crescent Box Company, Instabox Sweden AB, Corrugated Containers, Inc., TRANSPAK, INC., Polar Tech Industries, Inc., CalStar Packaging, Amcor plc, Honeywell International Inc., and ProAmpac among others.
SKU-