The global air bubble bags market is on a growth trajectory, with projections indicating a market value of USD 1,162.0 million in 2023. This surge is expected to continue at a steady compound annual growth rate (CAGR) of 4.2%, reaching an estimated USD 1,753.41 million by 2033.
The growing demand for air bubble bags can be attributed to their vital role in ensuring product safety during transit and storage. Known for their excellent performance, these bags offer protection for sensitive items and components, preventing damage caused by moisture, corrosion, and physical impact. This functionality makes air bubble bags an essential packaging solution, particularly in industries like pharmaceuticals, food, and beverages.
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As global transportation and storage demands increase, air bubble bags have become an indispensable packaging option. Their ability to safeguard a wide array of products, including food items, health supplements, and electronic components, has led to a surge in their use. The need for efficient, reliable packaging solutions has driven a steady rise in market demand.
North America stands out as a key market for air bubble bags, driven primarily by the pharmaceutical and food sectors. The growing use of air bubble bags in packaging and shipping medical supplies, health products, and food items is contributing significantly to the region’s market share.
However, the growing implementation of government regulations on plastic usage is expected to pose a challenge to market growth, particularly in regions with stringent environmental policies.
Key Takeaways: Air Bubble Bags Market
- From 2018 to 2022, the air bubble bags market experienced significant growth with a CAGR of 3.3%.
- North America holds 24% of the global air bubble bags market share.
- Europe commands 32% of the global market for air bubble bags.
- Key industries using air bubble bags include electronics, pharmaceuticals, food, gifts, mailing, industrial goods, automotive, and more.
- The electronics industry is expected to hold the largest market share, followed by the pharmaceutical industry.
- Slider zippers in packaging improve ease of use, portability, and single-handed operation.
- The slider zipper segment is predicted to witness the highest CAGR during the forecast period due to its added convenience and low cost.
Market Competition
Amcor Limited, Bemis Company Inc., Berry Plastics, Sealed Air Corporation, Wipak Group, Mondi Group, Wenzhou Chuangjia Packing Material Co., Ltd., Dongguan OK Packaging Manufacturing Co., Ltd., Cangnan Kanghui Packaging Co., Ltd., and Shenzhen Rishanhong Plastic Packaging Products Co., Ltd. are some of the key players in the global air bubble bags market.
Because of the vast number of rivals, the market is very competitive. While global manufacturers such as Amcor Limited, Bemis Company Inc., Berry Plastics, Sealed Air Corporation, Wipak Group, and Mondi Group dominate the industry, regional firms are also involved in important development regions, particularly Asia Pacific.
Recent Developments in the Global Air Bubble Bags Market:
- In July 2022, Sealed Air, the business that pioneered the renowned BUBBLE WRAP® brand cushioning, announced the introduction of a BUBBLE WRAP® brand paper bubble mailer. This fiber-based cushioned mailer can be recycled in curbside bins.
- In July 2022, Amcor Rigid Packaging (ARP) is currently supplying samples of recyclable polyethylene terephthalate (PET) liquor bottles that satisfy the newly authorized US Tax and Trade Bureau (TTB) standards. Amcor’s new service was created to provide clients the freedom and flexibility to explore new markets while gathering user feedback.
- In June 2022, Amcor, a global pioneer in creating and manufacturing responsible packaging solutions, introduced a product rebranding initiative to provide clients with a more comprehensive perspective of its expanding line of more sustainable packaging solutions. This large marketing campaign raises consumer awareness and transparency of Amcor’s vast product range, which has developed over the years via innovation and smart acquisitions.
Key Players
- Pregis LLC
- Intertape Polymer Group
- Sealed Air
- Smurfit Kappa
- Mondi Group
- Jiffy Packaging Co.
- Barton Jones Packaging
- Abco Kovex
- Future Packaging
- iVEX Packaging
- Dongguan OK Packaging Manufacturing Co. Ltd.
- Desco Europe
- PH Flexible
- Makkipak Ltd.
Key Segments Profiled in the Air Bubble Bags Industry Survey
By Material:
- Plastic Air Bubble Bags
- Aluminum Foil Air Bubble Bags
- Paper Air Bubble Bags
- Paperboard Air Bubble Bags
By Closure Type:
- Slider
- Zipper
- Slider-Zipper
By End Use:
- Food Industry
- Pharmaceutical Industry
- Gifts
- Mailing
- Garbage Use
- Industrial Goods
- Automotive Product
- Electronics
- Other End Uses
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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