The global inflatable packaging market is predicted to reach a value of US$ 4.7 Bn by 2032, with sales growing at a positive CAGR of 6.0% from 2022 to 2032. Predicted to reach an estimated US$ 2.6 Bn in 2022, the target market is fueled by the growing trade of electronic goods.
The rising consumption and supply of electronic goods will generate greater demand for safe and lightweight packaging solutions which, in turn, will lead to the growth of the inflatable packaging market during the forecast period.
Inflatable packaging solutions are highly popular in the packaging sector as they provide an affordable and convenient cushioning effect. This effect is largely responsible for the safety and security of packaged goods during transportation and delivery.
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Hence, inflatable packaging is considered to be an effective and protective packaging solution and is predominantly used for providing stability and ensuring safe transit. As a result of this popularity, the sales of the target market are likely to spike over the projected period and create a growth opportunity of US$ 2.2 Bn during the assessment period.
Accordingly, the target market is expected to expand by 1.8x its current value. Inflatable packaging provides shatterproof safety solutions for delicate and handle-with-care items like electronic gadgets, glass items, and other products.
Owing to a surge in the trade of different products, particularly through online retail, is the prime factor that fosters the rising demand for protective packaging solutions such as inflatable packaging. Moreover, elevated demand for consumer electronics is estimated to augment the global sales of inflatable packaging.
This is because suppliers and manufacturers are keen on ensuring the safe and secure delivery of products to consumers. Inflatable packaging also aids in lessening the overall weight of the entire package, leading to a decreased warehouse cost. Again, because of less weight, inflatable packaging helps in controlling the carbon footprint. All of these considerations propel the inflatable packaging market to grow over the forecast period.
“Heightened demand from electrical & electronics, and e-commerce segment will generate several lucrative opportunities for the global growth of the inflatable packaging market over the forecast period,” says an FMI analyst.
Key Takeaways:
- Use of sustainable materials like bio-plastics to strengthen market prospects.
- The inflatable packaging market in the U.S. will expand at a CAGR of 4.2%.
- India’s inflatable packaging market will hold about 40% of the share in South Asia.
- By packaging type, the bubble wrap segment will acquire about 4/5th of the market share by the end of 2022.
- On the basis of end-use, the e-commerce sector will grow by 1.7x during the next ten years.
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Competitive Landscape
Key players in the inflatable packaging market are trying to focus on increasing their sales and revenues by expanding their capabilities to meet the growing demand. Some of the other key players are striving to adopt the merger & acquisition strategy to expand their resources. They are also developing numerous innovative products to meet customer needs. Meanwhile, a handful of renowned players are focusing on upgrading their manufacturing facilities to cater to the surging consumer demand.
Some of the recent key developments in the inflatable packaging market by leading players are as follows –
- In April 2022, Pregis Corporation invested in its new European protective packaging innovation center, which will help the company to provide value-added service to its customers of protective packaging solutions.
- In 2020, Sealed Air Corporation reinvested its bubble wrap brand packaging by using 90 percent recycled content packaging material to address the sustainability concern.
Key Players:
- Sealed Air Corporation
- Pregis Corporation
- Smurfit Kappa Group
- Polyair Inc.
- Sutton Limited
- Uniqbag
- Green Light Packaging Ltd.
- Storopack Hans Reichenecker GmbH
- FROMM Packaging Systems Inc.
- Orion Pack Art
Inflatable Packaging Market Outlook by Category
By Material Type:
- PP
- PE
- PA
- PET
By Packaging Type:
- Bubble Wraps
- Inflated Packaging Bags
- Air Pillows
By End Use:
- E-Commerce
- Shipping & Logistics
- Food & Beverages
- Healthcare
- Personal Care and Cosmetics
- Homecare
- Electrical & Electronics
- Automotive
- Other Consumers Goods
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