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.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players 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.