Packaging Peanuts Market Expected to Reach USD 2.209 Billion by 2032 | Growing at a CAGR of 5.20%

Market Research Future (MRFR) has published a cooked research report on the “Global Packaging Peanuts Market” that contains information from 2018 to 2032. The packaging peanuts market is estimated to register a CAGR of 5.20% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global packaging peanuts market - Sealed Air, Puffy Stuff, STOROPACK HANS REICHENECKER GMBH, AP Packaging Corp., Valor Industries., Dhruvraj Syndicate., JohnPac., Johnsonplastic, Federal Industries., LAURAL PACKAGING GROUP SOUTH Inc., Uline, Crescent Box Company, Instabox Sweden AB, Corrugated Containers, Inc., TRANSPAK, INC., Polar Tech Industries, Inc., CalStar Packaging, Amcor plc, Honeywell International Inc., and ProAmpac among others.

Packaging Peanuts Market Highlights

The global packaging peanuts market is accounted to register a CAGR of 5.20% during the forecast period and is estimated to reach USD 2.209 billion by 2032.

The manufacturing sector's expanding product innovations, rising public awareness of the advantages of increased product packaging quality and cost effectiveness, and rising research and development in flexible packaging solutions will all contribute to rise in the packaging peanut market value. In addition, manufacturers' increasing focus on cutting production costs without compromising quality, long product shelf lives, and expanding technological advancements in packaging equipment and technology to accommodate a wide range of products are other factors that will drive the market growth rate. The e-commerce sector's growing proliferation, the growth and expansion of several end user verticals, and the rising number of supermarkets, hypermarkets, and convenience shops are further drivers propelling the packaging peanut market.

Segment Analysis

The global packaging peanuts market has been segmented based application and type.

On the basis of application, the market is segmented into Automotive Industry, Food and Beverage Industry, Electrical and Electronics Industry, Others. The electrical and electronics industry segment was attributed to holding the largest market share in 2022. This is a result of the expanding global export of different electrical and electronic products as well as the rising demand for safeguarding these electronic goods during logistical and shipping procedures.

Based on type, the global packaging peanuts market has been segmented into Polystyrene Packaging Peanut, Starch-based Packaging Peanut. The starch-based packaging peanut segment was expected to hold the largest market share in 2022. Starch, one of the most prevalent organic polymers on Earth, is used to make starch-based packing peanuts, which are biodegradable peanuts. The non-toxic starch included in packing peanuts is derived from agricultural products like corn, potatoes, and grains.

Regional Analysis

The global packaging peanuts market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe packaging peanuts market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The packaging peanuts market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World packaging peanuts market comprises of Middle East, Africa, and Latin America.

The North American regional sector maintained the largest market share for packaging peanuts due to the growth of e-commerce and trade in nations like the U.S. To prevent shifting during shipment and safeguard their products from harm like breakage and abrasion, several e-commerce platforms in the USA use void-fill packing, such as packaging peanuts.

Moreover, the Europe market has been persistently growing over the forecast period. The need for packaging peanuts is rising as e-commerce expands quickly throughout Europe. Packaging peanuts are an economical packaging solution and are used to safeguard fragile objects during shipping.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period due to the rise in small unauthorized packaging producers in developing nations like China, India, Indonesia, and others. Packaging peanut producers have the chance to make investments in expanding markets like the Asia-Pacific area.

Furthermore, the rest of the world's packaging peanuts market is divided into the Middle East, Africa, and Latin America. The demand for packaged goods is increasing in emerging nations, the e-commerce market is expanding, and people are becoming more aware of the advantages of sustainable packaging. These and other factors are responsible for the growth in rest of the world.

Key Findings of the Study

• The global packaging peanuts market is expected to reach USD 2.209 billion by 2032, at a CAGR of 5.20% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the surge in unlicensed small-scale packaging producers in these developing countries.


• Based on application, the electrical and electronics industry segment was attributed to holding the largest market in 2022, with an approximate market share of 47%.


• Sealed Air, Puffy Stuff, STOROPACK HANS REICHENECKER GMBH, AP Packaging Corp., Valor Industries., Dhruvraj Syndicate., JohnPac., Johnsonplastic, Federal Industries., LAURAL PACKAGING GROUP SOUTH Inc., Uline, Crescent Box Company, Instabox Sweden AB, Corrugated Containers, Inc., TRANSPAK, INC., Polar Tech Industries, Inc., CalStar Packaging, Amcor plc, Honeywell International Inc., and ProAmpac among others.

Read More about this Report: Packaging Peanuts Market Share