A packaging assembly structured to suspend an article within an exterior container and including first and second platforms each having a base with a window extending therethrough and a plurality of side portions extending about the periphery thereof. The side portions are movable into a transverse orientation relative to their respective bases and at least one flexible material bag is connected to the first platform and includes an access opening for a receipt of a packaged article into the bag. Peripheral portions of the bag are connected to the side portions of the first platform and movable therewith into a transverse orientation to facilitate tensioning of the bag and the enclosed article. The second platform is disposed in an inverted, retaining position within the exterior container and in confronting relation to the first platform so as to further tension the bag and the enclosed article.