With a CAGR of 5.2%, the market for void-fill packaging solutions is expected to soar from an anticipated US$ 150 million in 2022 to US$ 250 million by the end of the research period. For the purpose of ensuring that packages arrive safely, protective packaging is growing in popularity. The void-fill systems market is expected to offer promising opportunities for the transportation and logistics sectors.
The report conducts in-depth analysis into factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.
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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Void Fill Packaging Systems
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Void Fill Packaging Systems market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Void Fill Packaging Systems Market Takeaways and Projections
- The U.S. is expected to lead the North America Void Fill Packaging Systems market, projecting the fastest growth in the region between 2022 and 2032
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
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Report Benefits & Key Questions Answered
- Void Fill Packaging Systems Historical Market Analysis: The detailed survey by FMI, examines key factors in the Void Fill Packaging Systems market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Void Fill Packaging Systems market for the forecast period 2022-2032.
- Void Fill Packaging Systems Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Void Fill Packaging Systems for the assessment period. As per the study, the demand for Void Fill Packaging Systems will grow at a robust CAGR between 2022 and 2032.
- Void Fill Packaging Systems Market Trend Analysis: The latest study by FMI on the Void Fill Packaging Systems market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
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Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Void Fill Packaging Systems market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
Global Void Fill Packaging Systems – Market Segmentation
The global market for void fill packaging systems is segmented on the basis of product type, on the basis of type of void fills, and on the basis of end use industry.
On the basis of product type, the void fill packaging systems are segmented into:
- Air pad machine
- Air cushioning machine
- Bubble wrap machine
- Others
On the basis of applications for void fills, the void fill packaging systems are segmented into:
- Void fill chips
- Loose fill peanuts
- Inflatable air bags
- Others
On the basis of the end use industries, the void fill packaging systems are used in:
- Food & beverages
- Transport & logistics
- Automotive
- Healthcare
- Electricals & electronics
- Others
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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