The size of the global inflatable packaging market is anticipated to reach US$ 2.6 billion in 2022 and grow at a 6.0% CAGR from 2022 to 2032. By 2032, the market is anticipated to reach US$ 4.7 billion. Revenues from the inflatable packaging industry are anticipated to increase quickly; by the end of 2022, the top 5 businesses are anticipated to control 20–25% of the worldwide inflatable packaging market.
With rising consumer demand for affordable and lightweight packaging options, the market for inflatable packaging is expanding. To secure and protect goods during shipping and handling, inflatable packaging refers to the use of air-filled packaging materials like bubble wrap and air cushions. These products are made of stretchable plastic films that may be air-inflated to surround the product in security.
The expanding e-commerce sector is one of the major forces behind the market for inflatable packaging. The demand for effective and affordable packing solutions has been spurred by the growing trend of online shopping, which has increased the quantity of shipments. Inflatable packaging is perfect for e-commerce shipping since it offers good product protection, is portable, and lightweight, and takes up minimal space, which helps reduce shipping costs.
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The growing emphasis on sustainability is another element boosting the demand for inflatable packaging. In comparison to other forms of packaging materials, inflatable packaging materials are more environmentally friendly because they are composed of recyclable plastic films. Also, by lowering the quantity of packaging materials needed and the weight of the box, the usage of inflatable packaging lessens the carbon footprint of shipments.
The inflatable packaging market is segmented based on material type, end-use industry, and geography. Based on material type, the market can be divided into polyethylene, polyurethane, and others. Polyethylene is the most commonly used material in inflatable packaging as it is strong, lightweight, and cost-effective. Based on end-use industry, the market can be divided into e-commerce, healthcare, food and beverage, and others. The e-commerce industry is the largest end-user of inflatable packaging due to the increasing number of online purchases.
Geographically, the inflatable packaging market is segmented into North America, Europe, Asia Pacific, and the rest of the world. North America and Europe are the largest markets for inflatable packaging, due to the well-established e-commerce industry in these regions. The Asia Pacific region is expected to witness the highest growth in the inflatable packaging market due to the increasing e-commerce industry and the growing focus on sustainability.
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In conclusion, the inflatable packaging market is expected to witness significant growth in the coming years due to the increasing e-commerce industry and the growing focus on sustainability. The use of inflatable packaging helps reduce shipping costs and the carbon footprint of shipments, making it an attractive packaging solution for a wide range of industries.
Competitive Landscape
Key players in the inflatable packaging market are trying to focus on increasing their sales and revenues by expanding their capabilities to meet the growing demand. Some of the other key players are striving to adopt the merger & acquisition strategy to expand their resources. They are also developing numerous innovative products to meet customer needs. Meanwhile, a handful of renowned players are focusing on upgrading their manufacturing facilities to cater to the surging consumer demand.
Some of the recent key developments in the inflatable packaging market by leading players are as follows –
- In April 2022, Pregis Corporation invested in its new European protective packaging innovation center, which will help the company to provide value-added service to its customers of protective packaging solutions.
- In 2020, Sealed Air Corporation reinvested its bubble wrap brand packaging by using 90 percent recycled content packaging material to address the sustainability concern.
Key Players:
- Sealed Air Corporation
- Pregis Corporation
- Smurfit Kappa Group
- Polyair Inc.
- Sutton Limited
- Uniqbag
- Green Light Packaging Ltd.
- Storopack Hans Reichenecker GmbH
- FROMM Packaging Systems Inc.
- Orion Pack Art
Inflatable Packaging Market Outlook by Category
By Material Type:
- PP
- PE
- PA
- PET
By Packaging Type:
- Bubble Wraps
- Inflated Packaging Bags
- Air Pillows
By End Use:
- E-Commerce
- Shipping & Logistics
- Food & Beverages
- Healthcare
- Personal Care and Cosmetics
- Homecare
- Electrical & Electronics
- Automotive
- Other Consumers Goods
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