As of 2023, the market size of the global layer pads 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.
“Food and beverage industry growth, layer pad benefits, and the growing need for improved packaging solutions are all driving market revenue growth. Several countries have taken action to increase environmental-friendly solutions’ availability and use, which is also driving market demand,” Says a lead analyst at Future Market Insights.
Key Takeaways from 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.
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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.
Table of Content
- Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
1.4. Wheel of Fortune
- Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
- Market Viewpoint
3.1. Macro-Economic Factors
3.1.1. Global Flexible Packaging Outlook
3.1.2. Global Rigid Packaging Outlook
3.2. Global Pricing Analysis
3.3. Opportunity Analysis
3.4. Restraint Analysis
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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
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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