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Packaging Peanut Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: May 2024
SKU : PAC3768
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180 pages
Report Summary
Table of Contents
List of Tables & Figures

Global Packaging Peanut Market is segmented By Material Type (Polyurethane, Acrylic, Epoxy, Others), By Form (Liquid, Powder), By Process (Spray Coating, Dip Coating, Powder Coating, Electrophoretic Painting, Others), By End-User (Building & Construction, Automotive, Aerospace & Defense, Medical, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

 

Packaging Peanut Market Overview

The Global Packaging Peanut Market is estimated to reach at a CAGR of 5.3% during the forecast period (2024-2031).

Packing peanuts are a common loose-fill cushioning and packaging material used to prevent damage to fragile objects while shipping. Packing peanuts are shaped in such a way that they interlock when compressed and free flow when not compressed. Therefore, they are utilized to occupy the void spaces for stretched-out item insurance and keep the item from vibrations and stun during the delivery and shipping of products.

Packing Peanuts is roughly the shape and size of an unshelled peanut and are commonly made of expanded polystyrene foam.

Growing e-commerce is expected to boost the packaging industry along with packaging products such as packing peanuts. As per Forbes, e-commerce has been the fastest-growing channel over the last decade. Moreover, according to Euromonitor International, half of the total value growth for the global retail sector will be digital over the 2020-2025 period, equating to USD1.4 trillion in absolute value growth as more goods are sold online.

 

Packaging Peanut Market Summary

Metrics

Details

CAGR

3.3%

Size Available for Years

2022-2031

Forecast Period

2024-2031

Data Availability

Value (US$) 

Segments Covered

By Material Type, By Form, By Process, By End-User and Region

Regions Covered

North America, Europe, Asia-Pacific, South America and Middle East & Africa

Fastest Growing Region

Asia-Pacific

Largest Region

Asia-Pacific

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights.

 

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Packaging Peanut Market Dynamics

Defensive packaging arrangements developing in e-commerce is driving the packaging peanut market

Defensive packaging arrangements are enormously expanding with the developing online business market. Packaging products are secured with different defensive packaging arrangements such as electrostatic release (ESD) froths, bite the dust packaging embeds, cut supplements, packaging peanuts.

Therefore, packaging peanuts are defensive packaging arrangements fabricated utilizing extended polystyrene foam (EPS), biodegradable materials and are shaped in nut configuration to all the more likely suit packaging necessities. The defensive packaging arrangement matches with a nut; consequently, it is known as packaging peanuts.

Environmental concern and government regulations are hindering the market growth

Packing Peanuts are commonly made of expanded polystyrene foam and thus take a long time to decompose. Moreover, after disposal, they often end up in a landfill or floating around the ocean for many years, making them harmful for biodiversity.

Rising concerns regarding the disposal of plastic packaging products and government regulations regarding plastic packaging products are anticipated to restrain the global market growth of thermoformed containers. However, due to technological advancements, some forms of plastic are being recycled, such as polyethylene terephthalate.

Packaging Peanut Market Segment Analysis

Based on material type, the packaging peanuts market is categorized into polystyrene, starch-based and corn starch.

Based on material type, the packaging peanuts market is categorized into polystyrene, starch-based and corn starch.

Starch-based packing peanuts are biodegradable peanuts made out of starch, one of Earth's most abundant organic polymers. The starch in the packing peanuts comes from crop-based sources such as corn, potatoes, grain and is non-toxic.

Biofoam was one of the first brands of biodegradable packing peanuts and is made from grain sorghum. Other brands use corn starch.

Being biodegradable and non-toxic, packing peanuts are safe for humans and pets if ingested accidentally. In addition, starch-based peanuts are soluble in water, while polystyrene peanuts are only soluble in acetone. Starch-based products can be disposed of down the sink since they dissolve in contact with the water. Moreover, they do not have an electrostatic charge, meaning they would not damage electronics during shipping or stick to clothes.

Packaging Peanut Market Geographical Share

The global market for jug shippers has been divided into five regions: North America, South America, Europe, Asia-Pacific and Middle East & Africa.

The demand for packaging peanuts in the North American market is expected to remain at the dominant position in sales and value generation due to the increasing volume of trade and e-commerce in countries such as the U.S.

Besides, the Asia-Pacific market is expected to expand at a higher rate than the rest of the regions due to the increasing number of small and unorganized packaging manufacturers in emerging countries such as China, India, Indonesia, and others. Manufacturers of packaging peanuts have opportunities to invest in the growing market, such as the Asia-Pacific region.

Packaging Peanut Market Companis and Competitive Landscape

The Packaging Peanut market is moderately competitive with the presence of local as well as global companies.  Some of the key players which are contributing to the growth of the market include Storopack, Inc., Johnson Plastic & Supply Co., Inc., Larsen Packaging Products, Inc., Phoenix/Packaging, Inc., JohnPac, LLC, Federal Industries Corp., Guardian Packaging and Supply, President Container Inc., Puffy Stuff, Storopack Hans Reichenecker GmbH among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the packaging peanut market globally.

Storopack, Inc.

Overview: Storopack Inc. is an American, family-run company specializing in protective packaging such as paper cushions, air cushions, and foam packaging, as well as loose-fill packaging peanuts.

Product Portfolio: Storopack Inc. offers anti-static loose-fill packing peanuts made from starch resin and expanded polystyrene for sensitive, fragile items, filling voids, blocking and bracing products. Moreover, they are available in custom shapes and colours.

The global packaging peanut market report would provide access to an approx. 53 market data tables, 44 figures and 180 pages.

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