Global Die Cut Support Pads – Market Overview:
The protective packaging market is growing across the globe, due to rise in the demand for protective and compact packaging solution. The global die cut support pads market is expected to grow during the forecast period specifically on the backdrop of the rise in global trade. Die cut support pads are light weight, environment-friendly and easy to use. Sustainable and functionally beneficial properties of die cut support pads drives the market of die cut support pads in the global protective packaging market.
Global Die Cut Support Pads – Market Dynamics:
One of the significant factors which contribute to the growth of the global die cut support pads market is increasing demand for the electronics products globally. In addition, growing penetration of e-shopping also helps in driving the demand for die cut support pads. Die cut support pads are specially designed for holding and locking a product in place. The property of die cut support pads is to organize a product within the package which proves helpful in keeping the product safe during transportation. Growth in the shipping and transportation industry drive the demand for the die cut support pads.
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Die cut support pads are mainly formed by multiple layers of corrugated boards and it is used for cushioning and protection of delicate items. Various types of corrugated die cut support pads are available in the market such as foam and plastic die cut support pads. The global market for die cut support pads is witnessing growth in the corrugated die cut support pads because of its lower cost and other benefits offered by the pads. Apart from being cost effective, die cut support pads are also 100% recyclable and environmentally friendly which again drives its market due to higher inclination of manufacturers towards environmentally friendly products.
Global Die Cut Support Pads – Market Segmentation:
Global die cut supports pads market can be segmented on the basis of board type, flute type, and end use.
On the basis of board type, global die cut support pads market is segmented into – Single wall,Double wall,Triple Wall
On the basis of flute type, global die cut support pads market is segmented into – A (highest) Flute,B (standard) Flute,C (between A and B) Flute,E (thin) Flute,Others (Extra 125G B-Flute)
On the basis of end use, global die cut support pads market is segmented into – Electrical & Electronics, Cosmetic and Personal Care,Automotive,Shipping and Transportation,Others
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Global Die Cut Support Pads Market- Regional Outlook:
Geographically, the global die cut support pads market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to be one of the biggest consumer in terms of volume and value because of growing penetration of e-shopping. India and China are expected to witness the significant growth in market volume share due to the rise in the retail sector in these regions. Europe is expected to occupy significant share in die cut support pads market. Asia Pacific and North America have the largest regional market for die cut support pads, owing to high demand from various industries such as shipping and logistics. The Middle East and Central and South America are expected to observe considerable growth rates in near future.
Global Die Cut Support Pads Market- Major Players:
Few of the key players identified across the globe in the die cut support pads market are International Paper, High Win Industrial Limited, Toitsu Package Co., Ltd., Innerpak of Wisconsin, Inc., Progressive Packaging Inc., United Packaging Industries Pte. Ltd., Premier Packaging Products, L&M Corrugated Container Corporation, AFP Inc. etc
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