The global packaging inserts market was estimated to be worth approximately US$ 2.1 billion, with a 4.0% year-on-year growth rate. Packaging inserts sales are expected to grow at a strong 4.5% CAGR throughout the projection period, reaching a valuation of US$ 3.5 billion by 2032. In 2021, the global packaging inserts market is expected to account for 7-9% of the global protective packaging industry, which is expected to be worth US$ 27 billion.
Plastic packing inserts are both flexible and long-lasting. Plastics, often known as polyethylene, are high density polymers used in package inserts that give exceptional strength and water resistance to reduce product damage.
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2015-2021 Packaging Inserts Market Historic Outlook Compared to 2022-2032 Forecast
Packaging inserts function as a cushion for packaged products. They are generally made up of paper and foam inserts perforated with various patterns mainly used to protect the product in transit. Demand for packaging inserts grew at a CAGR of 3.5% during the 2015-2021.
To cater for rising demand, industrialists are increasing their production capabilities. Demand for inserts in the voluminous industries such as food & beverages, automotive and cosmetics etc., is consistently growing. Considering various regions, sales of packaging inserts are expected to increase at a CAGR of 4.5% over the forecast period.
Furthermore, producers are developing acceptable materials and paper that are both ecologically friendly and long-lasting, resulting in a lower carbon footprint and a lower negative impact on the environment.
Which trends are driving packaging insert sales?
“High Demand for Appealing Packaging Solution to Increase Packaging Insert Sales”
Unpacking things with appealing inserts increases brand loyalty. Inserts in packaging provide value to the contents packed in the case. Decorative trays and foam sheets for branded products improve the brand image of the company. Personalized notes, product offers, discounts and coupons, gifts, and much more are included in the package insert. Adding more products boosts customer satisfaction. As a result, demand for package inserts is likely to rise significantly in the future years.
“Increased Use of Electrical and Electronics Drives Demand for Packaging Inserts”
Electronic products are packaged and transported with extreme caution since little objects might cause damage.
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Key players operating in the global packaging inserts market use a variety of marketing techniques, including mergers & acquisitions, expansions, collaborations, and partnerships.
Leading organisations also use new product creation as a strategic way to expand their market presence among customers. Advanced packaging inserts have been incorporated as a result of these tactics. Some of the recent developments in the market are as follows:
- In June 2022, Mondi Group won the Retort pouch recyclable scoops Swiss Packaging Award, demonstrating packaging innovation and creativity. Packaging was developed in partnership with Hilcona, a European market leader.
- In March 2022, DS Smithcreates cost-saving, e-commerce-compatible cardboard packaging for medical devices in the Asian market. The single-use plastic is used in the cardboard which is environment friendly.
Global Packaging Inserts Market by Category
- End Caps
- Paper & Paperboard
- Molded fiber
End Use Industry:
- Food & Beverages
- Electrical & Electronics
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
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