The layer pads market was valued at $1.3 billion in 2023, and is projected to reach $2.2 billion by 2033, growing at a CAGR of 5.4% from 2024 to 2033.
Layer pad is a flat, rigid sheet that acts as a protective packaging barrier between layers of products, preventing physical damage such as scratches, dents, and breakages. These pads stabilize the products and disperses weight evenly to ensure they damage-free transit. They are made from materials such as cardboard, corrugated fiberboard, plastic, or foam, depending on the specific application and the level of protection required.
The growth of the global layer pads market is majorly driven by the expansion of the e-commerce, which has significantly increased the demand for secure packaging solutions to protect goods during shipping. This is attributed to the fact that layer pads help in minimizing damage and ensuring products reach consumers in perfect condition. Furthermore, rise in sale of consumer electronics has significantly contributed toward the market growth. The shipping of consumer electronics necessitates robust packaging solutions as these products are highly fragile, thus boosting the demand for layer pads for he need for effective and sturdy packaging. Moreover, the food & beverage industry relies heavily on layer pads for the transportation of bottles, cans, and other packaged goods. The need to maintain product integrity and hygiene during transport drives the demand for layer pads. However, fluctuation in prices of raw materials, such as plastics or cardboard, which are influenced by global supply chain disruptions and changes in demand, hampers the market growth. Moreover, availability of more suitable substitutes such as molded pulp, air pillows, and foam inserts acts as a key deterrent factor of the global market. On the contrary, increase in focus on sustainability has encouraged manufacturers to develop packaging solutions made of recyclable and reusable layer pads, which is expected to offer remunerative opportunities for the expansion of the global market during the forecast period.
The global layer pads market is segmented into material type, shape type, end-use industry, and region. By material type, the market is divided into plastic, paperboard, and others. As per end-use industry, it is segregated into food & beverages, electronics, chemical, pharmaceutical, and others. Depending on shape type, it is bifurcated into die cut shape and flat shape. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
As per end-use industry, the food & beverage segment is projected to register notable growth rate during the forecast period.
Depending on shape type, the die cut shapes segment is anticipated to gain high prominence in the coming years.
Region wise, Asia-Pacific is likely to lead the market during the forecast period.
Layer pad is a flat, rigid sheet that acts as a protective packaging barrier between layers of products, preventing physical damage such as scratches, dents, and breakages. These pads stabilize the products and disperses weight evenly to ensure they damage-free transit. They are made from materials such as cardboard, corrugated fiberboard, plastic, or foam, depending on the specific application and the level of protection required.
The growth of the global layer pads market is majorly driven by the expansion of the e-commerce, which has significantly increased the demand for secure packaging solutions to protect goods during shipping. This is attributed to the fact that layer pads help in minimizing damage and ensuring products reach consumers in perfect condition. Furthermore, rise in sale of consumer electronics has significantly contributed toward the market growth. The shipping of consumer electronics necessitates robust packaging solutions as these products are highly fragile, thus boosting the demand for layer pads for he need for effective and sturdy packaging. Moreover, the food & beverage industry relies heavily on layer pads for the transportation of bottles, cans, and other packaged goods. The need to maintain product integrity and hygiene during transport drives the demand for layer pads. However, fluctuation in prices of raw materials, such as plastics or cardboard, which are influenced by global supply chain disruptions and changes in demand, hampers the market growth. Moreover, availability of more suitable substitutes such as molded pulp, air pillows, and foam inserts acts as a key deterrent factor of the global market. On the contrary, increase in focus on sustainability has encouraged manufacturers to develop packaging solutions made of recyclable and reusable layer pads, which is expected to offer remunerative opportunities for the expansion of the global market during the forecast period.
The global layer pads market is segmented into material type, shape type, end-use industry, and region. By material type, the market is divided into plastic, paperboard, and others. As per end-use industry, it is segregated into food & beverages, electronics, chemical, pharmaceutical, and others. Depending on shape type, it is bifurcated into die cut shape and flat shape. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
By material type, the plastic layer pads segment is expected to dominate the market by 2033.As per end-use industry, the food & beverage segment is projected to register notable growth rate during the forecast period.
Depending on shape type, the die cut shapes segment is anticipated to gain high prominence in the coming years.
Region wise, Asia-Pacific is likely to lead the market during the forecast period.
Competition Analysis
Competitive analysis and profiles of the major players in the global layer pads market include Smurfit Kappa, DS Smith, Corex, GWP Group, Karton S.p.A., Shish Industries Limited, WestRock Company, ER&GE (UK) Limited, Qingdao Tianfule Plastic CO.,LTD., and Northrich. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.Additional benefits you will get with this purchase are:
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Key Market Segments
By Material Type
- Plastic
- Paperboard
- Others
By Shape Type
- Die Cut Shape
- Flat Shape
By End-Use Industry
- Foods and Beverages
- Electronics
- Chemical
- Pharmaceutical
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of LAMEA
- Smurfit Kappa
- DS Smith
- Corex
- GWP Group
- Karton S.p.A.
- Shish Industries Limited
- WestRock Company
- ER&GE (UK) Limited
- Qingdao Tianfule Plastic CO.,LTD.
- Northrich
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
CHAPTER 4: LAYER PADS MARKET, BY MATERIAL TYPE
CHAPTER 5: LAYER PADS MARKET, BY SHAPE TYPE
CHAPTER 6: LAYER PADS MARKET, BY END-USE INDUSTRY
CHAPTER 7: LAYER PADS MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
Key Market Players in the Layer Pads Market include:- Smurfit Kappa
- DS Smith
- Corex
- GWP Group
- Karton S.p.A.
- Shish Industries Limited
- WestRock Company
- ER&GE (UK) Limited
- Qingdao Tianfule Plastic CO.,LTD.
- Northrich
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 230 |
| Published | June 2024 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value ( USD | $ 1.3 billion |
| Forecasted Market Value ( USD | $ 2.2 billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
