Global Suspension
Packaging - Market Introduction:
Suspension packaging is an innovative packaging solution
especially for protecting fragile goods during transportation. Suspension
packaging is used for wide variety of products including mobile phones,
laptops, tablets, integrated circuits, automotive components, electronic
components, etc. The global market for suspension packaging caters primarily to
electronics and industrial markets.
In suspension packaging, products are suspended in airspace
within a corrugated box or folding carton with the use of resilient plastic
films. Consumer products such as mobile phones, laptops, tablets, etc. are
widely shipped across geographic markets with the help of suspension packaging
solutions. Established packaging companies are offering bespoke suspension
packaging solutions to their clients in order to strengthen business
partnerships.
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Global Suspension
Packaging - Market Segmentation:
Material type
·
Corrugated cardboard
·
Carton board
·
Plastic Films
·
Polyethylene (PE) Films
·
Poly vinyl Chloride (PVC) Films
·
Other Plastic Films
Product type
·
Folding Cartons
·
Clear View Boxes
·
Sleeve Boxes
·
Others
End use
·
Consumer Electronics
·
Integrated Circuits
·
Display Screens
·
Automotive Components
·
Medical Devices
·
Others
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Global Suspension
Packaging - Market Dynamics:
Damage free transportation offered by suspension packaging
products is key driving factor fuelling the growth of global suspension
packaging market. Damage caused during transportation through complex supply
chains result in heavy losses for manufacturers. Manufacturers are hence
heavily investing into protective packaging solutions in order to minimize the
damage of products during transportation and shipment.
Packaging manufacturers are supplying suspension packaging
solutions that also allow a view to the product thus supporting merchandising
objectives in case of consumer products. Suspension packaging in case of
consumer products ensures the end consumers that the product has been transported
in damage free environment.
Incorporating corrugated packaging formats in suspension
packaging allows packaging companies to provide a wide variety of design
possibilities. Flexibility in design and effective functionality makes
suspension packaging a preferred packaging solution among industrial and
consumer product manufacturers across industries.
The global market for suspension packaging is dominantly
characterized by the supply of bespoke packaging designs. Bespoke designs in
terms of corrugated boxes and suspension technology incorporated into the
suspension packaging solution have emerged as a key market driver for the global
suspension packaging market.
Packaging manufacturers or converters operating in the
global suspension packaging market supply wide variety of products to cater to
different packaging requirements of end use customers.
In December 2015, multinational packaging company Sealed Air
Corporation launched its range of suspension packaging products branded as
‘Korrvu’ under its bespoke corrugated packaging business segment. Sealed Air
Corporation offers approximately 30 variations under the suspension packaging
segments. Korrvu suspension packaging solution from Sealed Air Corporation
offers effective protection in cost effective way.
Suspension packaging has emerged as an alternative solution
for conventional protective packaging formats such as polystyrene foams,
corrugated inserts, thermoformed inserts, molded fiber pulp protective
packaging and bubble wrap. Simple design and minimal material requirement used
in suspension packaging have allowed manufacturers to bring down the overall
cost of suspension packaging products, thus offering a better business value to
their customers.
Global Suspension
Packaging Market - Regional Outlook:
The global suspension packaging market is segmented into 7
key regions including North America, Latin America, Eastern Europe, Western
Europe, Middle East and Africa (MEA), Asia Pacific Excluding Japan (APEJ) and
Japan.
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Global Magnifier
labels Market - Competitive Landscape:
Some of the players operating in the global suspension packaging
include BSM Packaging Supplies Limited, Dynasafe, Tenxionpak, Castle Industrial
Limited, Macfarlane Group UK Ltd, GXT Green, Inc., and Sealed Air Corporation.
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