Global Biodegradable Air Cushions market: Introduction
Biodegradable air cushions are the next generation of sustainable packaging. From manufacturing to disposal, biodegradable air cushions are made to provide superior product protection along with being environment friendly. Biodegradable air cushions are made from recyclable material which consists of additive property that will allow the product to degrade in the presence of microorganisms within 9 to 60 months. Thus, when this biodegradable air cushions are disposed it fully degrades into water and carbon dioxide within four to six weeks. This enables the biodegradable air cushions to be an environment friendly alternative to traditional void fill materials. Therefore, producers who have adopted biodegradable air cushions mainly use it for protective packaging applications owing to the fact that it is water and heat resistant and will not break down or disintegrate while being used. Thus, the outlook for the growth of the global biodegradable air cushions market is expected to remain largely positive during the forecast period.
Global Biodegradable Air Cushions market: Dynamics
The emergence of biodegradable plastic is one of the main reason for accelerating the growth of air cushion market during the forecast period. In addition, biodegradable air cushions are flexible, easy to use, highly reliable and requires little or no maintenance. The introduction of stringent regulations from the government and the growing awareness about the environment is expected to accelerate the demand of biodegradable air cushions during the forecast period. Due to this, the vendors are focusing on using biodegradable plastic to fabricate the protective packaging product. Moreover, biodegradable air cushions are fully recyclable and have minimum effect on the environment as they can be easily decomposed. Despite the positive outlook for growth, growth of products such as corrugated pallets, might hamper the growth of the global biodegradable air cushions market.
Global Biodegradable Air Cushions market: Segmentation
The global Biodegradable Air Cushions market has been segmented as –
On the basis of end use industry, the global Biodegradable Air Cushions market has been segmented as:
- Food and Beverages
- Electronic Goods
- Personal Care Goods
- Consumer Goods
Global Biodegradable Air Cushions market: Geographical Outlook
On the basis of geography, the global Biodegradable Air Cushions market has been divided into seven key regions –
- North America
- Asia Pacific excluding Japan
- Western Europe
- Eastern Europe
- Latin America
- Middle East & Africa
The North America biodegradable air cushions market is expected to spearhead the global Biodegradable Air Cushions market, during the forecast period. The rise in demand for sustainable packaging and increasing demand for quality and sustainable packaging is expected to accelerate the growth of biodegradable air cushions market in this region. In addition, the introduction of stringent government rules and regulations is expected to fuel the demand for biodegradable air cushions market in North America. The Asia Pacific region is likely to register a healthy CAGR during the next ten years. The increasing demand for electronic devices and food and beverages in India and China is expected to accelerate the growth of biodegradable air cushions market in this region. The consumption of healthy foods such as vegetables, fruits, eggs and others have increased 60% in 2016 from the previous years. This in turn has led to an increase in the biodegradable packaging market owing to the fact that this food products require protective packaging market. In addition, Biodegradable Air Cushions has witnessed a high rate of adoption in the south-east Asian countries. Biodegradable Air Cushions market in the Latin America region might suffer a few setbacks, due to the slow economic recovery from the recession of 2015. However, post-2020, the Biodegradable Air Cushions market is expected to register a high rate of adoption. The Western Europe Biodegradable Air Cushions market is expected to witness moderate growth during the forecast period.
Global Biodegradable Air Cushions market: Key Players
Few of the key players operating in the global biodegradable air cushions market are - Pregis, Sealed Air, Smurfit Kappa, DynaCorp among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.