inserts & dividers Market was valued at US$ 3,346.4 Mn in 2018 and is projected to expand at a CAGR of 5.2%, during the forecast period between 2018 to 2026.
Albany, NY -- (SBWIRE) -- 01/24/2020 -- Transparency Market Research delivers the key insights on the inserts & dividers market in its published report, titled "Inserts & Dividers Market: Global Industry Analysis and Opportunity Assessment, 2018–2026". In terms of revenue, the global inserts & dividers market is estimated to expand at a CAGR of 5.2% during the forecast period, owing to numerous factors, about which TMR offers thorough insights and forecast in this report.
Inserts & dividers include protective packaging solutions such as inserts (includes trays, end caps, sheets) and dividers (corrugated dividers and chipboard dividers). Usage of inserts & dividers helps in maximizing the product to packaging ratio which is why instead of having small individually boxed products, manufacturers find it economical to ship the products in a larger box with dividers. This saves additional cost and packaging material required for individual product packaging and also reduces the packaging waste.
Inserts & dividers protect the packaged products, which has made inserts & dividers an integral part of the protective packaging market. Inserts & dividers are used for packaging of fragile products, along with this inserts & dividers are also used for heavy duty packaging and shipping applications as well as customized luxury packaging. Inserts made of foam cater to a variety of end use application such as electronics, pharmaceuticals, food & beverages, etc. Among these inserts are widely used for packaging of electronic goods such as laptops, cameras, among others.
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By product type, inserts segment is expected to account for the highest market share in the inserts & dividers market. The demand for corrugated packaging in the Inserts & Dividers market is at its peak, owing to the thriving e-commerce industry. This is further projected to drive the growth of the global Inserts & Dividers market. Manufacturers are using inserts & dividers to ensure minimal damage to the packaged product during transiting and storage, which has resulted in increased consumption of inserts & dividers in the automotive sector.
The manufacturers operating in inserts & dividers market offer inserts & dividers of polymer and paper material both and can also be customized as per the customer requirement.