Global Suspension Packaging Market Overview:
Suspension packaging is a new type of packaging designed to secure fragile items during transportation. Suspension packaging is used for a wide range of items, including phones, computers, tablets, integrated circuits, automotive parts, and electrical components, among others. Suspension packaging is mainly used in the electronics and automotive industries around the world. Items are suspended in airspace inside a corrugated box or folding carton using resilient plastic films in suspension packaging. Suspension packaging solutions are commonly used to transport consumer goods such as cellphones, laptops, tablets, and other electronic devices across geographic markets. Clients may get bespoke suspension packaging solutions from proven packaging companies. To improve business relationships, established packaging companies are providing bespoke suspension packaging solutions to their clients. Some of the players profiled in the study are BSM Packaging Supplies (United Kingdom), Dynasafe (Sweden), Tenxionpak (United States), Castle Industrial (United Kingdom), Macfarlane (United Kingdom), GXT Green (United States) and Sealed Air (United States).
On the basis of geography, the market of Suspension Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Category, the sub-segment i.e. Primary Packaging will boost the Suspension Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Folding Cartons will boost the Suspension Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Damage free transportation offered by suspension packaging products
- Packaging manufacturers are supplying suspension packaging solutions
- Alternative solution available
- Rising ecommerce activities is the major factor facilitating the growth of the global suspension packaging market
- Amount of waste generated which raises serious environmental concerns
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Target Audience:New Entrants/Investors, Analysts and Strategic Business Planners, Suspension Packaging Providers, Suspension Packaging Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study To define, describe, and forecast the Global Suspension Packaging market on the basis of product [Corrugated Cardboard, Carton Board and Plastic Films] , application [Consumer Electronics, Integrated Circuits, Display Screens, Automotive Components, Medical Devices and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Suspension Packaging market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Suspension Packaging industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Suspension Packaging market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.