As of 2023, the size of the global layer pads market is anticipated to be valued at US$ 1,309.8 million and is expected to reach US$ 2,111.8 million by 2033. This market is projected to grow at a CAGR of 5.6% from 2023 to 2033.
Due to the increasing number of glass bottles and fragile food products being imported and exported around the globe, the layer pads market is expected to grow faster in the future. Due to increased beverage consumption, as well as growth in the packaging and manufacturing sectors, layer pad sales are expected to rise as well. As international trade grows, layer pads could become widely used by end users during transit.
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A recent increase in demand for layer pads can be attributed to the use of recyclable materials during manufacturing. Since layer pads are completely recyclable, they are a viable choice for shipping goods in the safest possible way. This is because people are becoming increasingly aware of the damage caused by excessive packaging using thermoform and plastic. To reduce its environmental footprint, Amazon, for example, has already begun using recycled plastic layer pads to ship its products.
Key Takeaways from the Market Study
- The layer pads market is expected to record a CAGR of 5.6% over the forecast period.
- According to estimates, the layer pads market in the Asia Pacific is expected to remain strong throughout the length of the forecast period.
- The layer pads market registered year-on-year growth of 5.7% between 2022 and 2023, with sales reaching US$ 1,239.9 by the end of 2022.
- Sales in the beverage industry are expected to reach US$ 1.8 billion, expanding at 5.9% CAGR through 2023.
Key Companies Profiled
- Smurfit Kappa Group
- DS Smith PLC
- International Paper Company
- KapStone Paper and Packaging Corp
- KARTON SpA
- Corex Plastics Pvt. Ltd.
- Alpha Cikupa Makmur PT
- GWP Group Limited
- Shish Industries Limited
- ER&GE Limited
- QINGDAO TIANFULE PLASTIC Co. Ltd.
- Carton Northrich Inc.
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Recent Developments:
- In partnership with TerraCycle, a waste management and recycling company, Amazon uses Loop InfinityTM packaging, which is made from 100% recycled and recyclable plastic.
- Corplex offers lightweight, easy-to-handle, reusable, and sustainable layer pads that are 100% recyclable. The product contributes to a sustainable future by reducing carbon emissions.
Competitive Landscape
As per FMI, top players are expected to account for over 15%-20% of global market share in 2021. Key players are focusing on collaboration with e-commerce and local vendors to increase their revenue generation.
Some of the key players are also introducing sustainable paperboard layer pads, to attract revenue. They are also collaborating with local and international beverages companies to expand their customer base and gain competitive edge.
As per Future Market Insights, Smurfit Kappa Group, DS Smith, International Paper, KapStone Paper and Packaging Corporation are identified as top layer pads market players.
Industry Trends:
- Customization and Personalization: There is a rising trend in the layer pads market towards customization to meet specific packaging requirements. Companies are offering personalized solutions to cater to the unique needs of different industries and products.
- Innovation in Material Technologies: The industry is witnessing continuous innovation in materials used for layer pads. Advanced materials with enhanced strength, durability, and flexibility are gaining popularity, providing better protection for various types of goods.
- Digitalization in Supply Chain Management: The integration of digital technologies in supply chain management is influencing the layer pads market. Real-time tracking and monitoring solutions are becoming more prevalent, enhancing the overall efficiency and reliability of packaging solutions.
- Stringent Regulatory Standards: Increasing regulatory standards regarding packaging materials and practices are shaping the layer pads market. Manufacturers are adapting to comply with these standards, focusing on quality control and sustainable practices.
- Growing Popularity of Lightweight Packaging: As the emphasis on reducing the environmental impact of packaging grows, there is a trend towards lightweight materials. Layer pads made from lightweight yet sturdy materials are gaining popularity, contributing to cost savings and eco-friendly packaging solutions.
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Layer Pads Market by Category
Material Type:
- Plastic
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Polycarbonate (PC)
- High Density Polyethylene (HDPE)
- Polyethylene (PE)
- Other Plastic Material
- Paperboard
- Chipboard
- Solid Fiberboard
- Corrugated
End User Base:
- Food & Agro Products
- Beverages
- Alcoholic Beverages
- Non-Alcoholic Beverages
- Electronics
- Chemical
- Others (Manufacturing)
Shape Type:
- Die Cut Shape
- Flat Shape
Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Middle East & Africa
- Japan
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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