Demand for protective packaging estimated at US$5.9 bln in 2016

06-Mar-12
Demand for protective packaging is anticipated to achieve US$5.9 bln in 2016, as per MarketResearch.com. The factors that help to reach the target are increased manufacturing output and continued growth of electronic shopping. These factors will require cost-effective packaging to protect goods from temperature abuse, abrasion vibration, shock and other damages that occur during handling and shipping of products. More than an average growth is anticipated for foamed plastics, air pillows and insulated shipping containers. When compared to paperboard and other competitive products, the foamed plastics are light weight and possess good cushioning capabilities. In addition, the foamed plastics can be custom molded to any shape depending on applications such as instrumentation, consumer electronics and computers. Major factors that will drive the advancements in the insulated shipping containers are expanded handling needs for temperature sensitive pharmaceutical goods and increased online distribution of perishable food products. Faster growth for temperature sensitive products such as biotechnology vaccines and drugs will increase sales of insulated containers. The containers help to maintain product efficiency and eliminate drug losses resulting from spoilage. Hence, to prevent such losses drug manufacturers are focusing more on logistics providers to meet the quality standards.
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