According to research by future market insights, the worldwide inflatable bag market is estimated to grow with a CAGR of 4.7% to reach a valuation of US$ 263.1 million by the year 2033. It is anticipated to reach a valuation of US$ 166.2 million in 2023. The top 3 nations are predicted to control 40–45% of the market by the end of 2023, which would likely lead to an increase in the sales of inflatable bags packaging.
Global Inflatable Bags Packaging Market: Introduction:
Increasing global transportation of products across cross boundaries is leading to more and more product damage while moving from one place to another. This factor has created an immense demand for protective packaging of products. Inflatable bags packaging is one of the prominent segment in protective packaging which is expected to witness a burgeoning demand in the coming years. With inflatable bags protection, end-user industries are able to render additional primary protection to its product.Moreover, inflatable bags packaging offers the flexibility of lighter weight packaging which enhances ease in product shipping option.
Traditionally, foams were used widely as a protective packaging solution for products but the end environmental impacts are far harsh as compared to its benefit offered. Inflatable bags packaging has thus emerged as an alternative packaging solution for foam packaging.Additionally, with advancement in technological development manufacturers of inflatable bags produced bespoken packaging solution to its end-user industries.Inflatable bags packaging renders versatility solution as the air inside the bags can be filled as per product dimension sizes, thus increasing the application use for a wide variety of product. Also, the mounting consumption of food & beverage across the APEJ market is one of the prominent factors which is correlating a high demand for inflatable bags packaging market.
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Global Inflatable Bags Packaging Market – Market Dynamics:
Augmenting sales across the online retail format over the last decade is one of the important driving factors that is propelling demand for the inflatable bags packaging market. The demand for grocery and meal kit delivery through online channels are mainly packed with inflatable bags packaging protection. Further environmental bodies are emphasizing manufacturers to use the bio-based plastic material for manufacturing packaging products, this factor has enabled producers of inflatable bags to use the same. Furthermore, with increasing third-party logistics across the protective packaging market, it is accelerated demand for the inflatable bags packaging market.
On the flip side, the rising environmental concern of waste generated through inflatable bags packaging is hindering the revenue margin of producers. Overall the demand for inflatable bags packaging market is expected to witness a huge chunk of demand across the cosmetic and pharmaceutical industries.
Global Inflatable Bags Packaging Market – Market Segmentation:
The inflatable bags packaging market is segmented into material type and end user base industries. On the basis of material type the inflatable bags packaging market is sub-segmented into paper and plastic. Furthermore, the plastic material of inflatable bags packaging market is categorized into polypropylene (PP), polyethylene (PE), polyvinyl chloride (PVC). On the end user base industries, the inflatable bags packaging market is sub-segmented into cosmetic, manufacturing, pharmaceutical, electrical and electronic, food & beverages and others.
Global Inflatable Bags Packaging Market – Regional Outlook:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
- Japan
Globally, inflatable bags packaging market is monopolized across the regions of APEJ and North America with demand in APEJ countries is further expected to witness immense CAGR during the forecast period. With increasing advancement in technologies across APEJ market, it is correlating to high growth in the inflatable bags packaging market. Also, increase in output of manufacturing production capacity over the years in APEJ region has fuelled the demand for inflatable bags packaging market.
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Inflatable Bags packaging Market – Key Players:
Some of the key players operating in the global inflatable bags packaging market are Sealed Air, Inflatable Packaging, Inc., Extra Packaging, Corp., Southern Packaging, LP., Raybow Development Co., Ltd., Bubble and Foam Packaging, KapStone Paper & Packaging Company.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Inflatable Bags Packaging Market
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
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