Published: May, 2018
According to a new report by Transparency Market Research (TMR), the global market for inflatable packaging is demonstrating an extremely fragmented and highly competitive vendor landscape, as the leading players hold only a small share of the overall market. Pregis Corp., Storopack Hans Reichenecker GmbH, Smurfit Kappa Group, Sealed Air Corp., Macfarlane Group plc, FROMM Packaging Systems Inc., Omniverse Foster Packaging Group, Green Light Packaging Ltd., Automated Packaging Systems Inc., Polyair Inter Pack Inc., Inflatable Packaging Inc., Advanced Protective Packaging Ltd., Free-Flow Packaging International Inc., A E Sutton Ltd., Aeris Protective Packaging Inc., Uniqbag LP, Airpack, and Easypack Ltd. are some of the prominent players in this market. Partnerships, mergers, and acquisitions have surfaced as the main business development strategies among market players, notes the research study.
Currently, the global inflatable packaging market is witnessing a significantly high growth and is anticipated to remain doing so over the next few years. The opportunity in this market was US$1.9 bn in 2016. Proliferating at a CAGR of 6.0% over the period from 2017 to 2025, the market is anticipated to reach a value of US$3.1 bn by the end of the forecast period. In terms of the material type, the PE packaging segment is dominating the global market and is projected continue likely this in the years to come, states the market report.
North America to Touch 1,067.6’000 tons Product Volume
On the basis of the region, North America, Europe, the Middle East and Africa, Latin America, and Asia Pacific has surfaced as the key segments of the worldwide market for inflatable packaging. Among these, North America has occupied the leading position and is anticipated to continue on the top over the forthcoming years. By 2025 end, this regional market is predicted to cross a product volume of 1,067.6’000 tons. North America is closely followed by Europe, which is also expected to register steady growth in the near future, retaining its position, reports the research study.
Eco-friendly Characteristics of Inflatable Packaging Solutions to Reflect Positively on Demand
“The rising trend of protective packaging solutions is boosting the global market for inflatable packaging significantly,” says a researcher at TMR. With inflatable packaging solutions being highly effective in securing and stabilizing products during their transportation, their demand is increasing remarkably across the world. Apart from this, the low cost of inflatable packaging solutions is also aiding in their application in a number of processes, leading to a high growth of this market.
Over the coming years, the increasing awareness about the eco-friendly characteristics of inflatable packaging solutions in comparison with other bulkier alternatives is expected to support the market’s growth, notes the market study.
The review is based on a report by Transparency Market Research (TMR), titled “Inflatable Packaging Market (Material Type - PE (LDPE and HDPE), PA, and PET; Packaging Type - Bubble Wraps (High Grade, General Bubble Wraps, Low or Limited Grade, and Temperature Controlled), Inflated Packaging Bags, and Air Pillows; End-use - Personal Care and Cosmetics, Healthcare, Homecare, Automotive and Allied Industries, Electrical & Electronics, E-commerce, Shipping and Logistics, and Food & Beverages) - Global Industry Analysis and Forecast 2017 – 2025.”
The global inflatable packaging market can be segmented into:
By Material Type
By Packaging Type
- Bubble wraps
- High Grade
- General Bubble wraps
- Low or limited grade
- Temperature controlled and others
- Inflated packaging bags
- Air pillows
By End User
- Personal care and cosmetics
- Automotive and allied industries
- Electrical & electronics
- Shipping and logistics
- Food & beverages
- North America
- Latin America
- Asia Pacific (APAC)
- Middle East and Africa (MEA)
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