The global inflatable packaging market has witnessed significant growth and is projected to continue expanding in the coming years. Here are the key takeaways from the provided information:
Market Size and Growth:
- The global inflatable packaging market is estimated to reach a valuation of US$ 2.6 billion in 2022, with a projected CAGR of 6.0% from 2022 to 2032.
- By 2032, the market is expected to reach US$ 4.7 billion.
- The top 5 companies in the market are anticipated to hold 20-25% of the global market by the end of 2022.
Material Type:
The PE inflatable packaging segment is projected to dominate the global market, holding approximately 55% by the end of 2032.
Contribution to Protective Packaging Market:
- The inflatable packaging market accounts for around 8-10% of the global protective packaging market, which was worth US$ 27 billion in 2021.
- In 2021, the inflatable packaging market revenue totaled US$ 2.5 billion.
Request Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12636
Growth Drivers:
- The rising trade of electronic products is expected to drive the demand for lightweight and safe packaging solutions, boosting the inflatable packaging market.
- Inflatable packaging provides shatterproof solutions for delicate products, ensuring their safety during transit.
- Increased demand for consumer electronics will further augment sales of inflatable packaging.
- Inflatable packaging helps reduce container weight, resulting in decreased warehouse costs and a lower carbon footprint.
Overall Outlook:
- The inflatable packaging market is predicted to experience lucrative growth, expanding 1.8 times its current value during the forecast period.
- Inflatable packaging is favored for its convenience, cost-effectiveness, and efficient protective capabilities.
- It is widely used for ensuring product stability and safe transit, particularly for delicate items like electronic gadgets and glass products.
Key Takeaways:
- Global inflatable packaging market to reach US$ 4.7 billion by 2032, growing at a CAGR of 6.0% from 2022.
- PE inflatable packaging segment projected to hold 55% of the market by 2032.
- Inflatable packaging accounts for 8-10% of the global protective packaging market, valued at US$ 27 billion in 2021.
- Rising trade of electronic products drives demand for lightweight and safe packaging solutions.
- Inflatable packaging reduces container weight, lowering warehouse costs and carbon footprint.
Request Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-12636
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
Ask an Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-12636
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
About Us:
Future Market Insights (ESOMAR certified 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
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com