The inflatable packaging market is poised for significant growth, with sales expected to reach a value of $4.7 billion by 2032. The market is projected to maintain a positive compound annual growth rate (CAGR) of 6.0% from 2022 to 2032. This growth is primarily driven by the increasing trade of electronic goods, which has created a higher demand for safe and lightweight packaging solutions.
Inflatable packaging solutions are highly favored in the packaging sector due to their affordability and convenience in providing cushioning effects. These effects greatly contribute to the safety and security of packaged goods during transportation and delivery.
Inflatable packaging is particularly effective and protective for delicate and fragile items such as electronic gadgets and glass products. As a result, sales of inflatable packaging are expected to witness a significant increase, creating a growth opportunity of $2.2 billion during the forecast period. This indicates that the market will expand by 1.8 times its current value.
The rise in the trade of various products, particularly through online retail channels, is a key factor driving the demand for protective packaging solutions like inflatable packaging. Additionally, the growing demand for consumer electronics further boosts the global sales of inflatable packaging, as suppliers and manufacturers prioritize ensuring safe and secure product delivery to consumers.
Furthermore, inflatable packaging offers the advantage of reducing the overall weight of the package, leading to decreased warehouse costs. It also helps in controlling the carbon footprint due to its lighter weight. These factors contribute to the continued growth of the inflatable packaging market during the forecast period
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“Heightened demand from electrical & electronics, and e-commerce segment will generate several lucrative opportunities for the global growth of the inflatable packaging market over the forecast period,” says an FMI analyst.
Key Takeaways:
- Use of sustainable materials like bio-plastics to strengthen market prospects.
- The inflatable packaging market in the U.S. will expand at a CAGR of 4.2%.
- India’s inflatable packaging market will hold about 40% of the share in South Asia.
- By packaging type, the bubble wrap segment will acquire about 4/5th of the market share by the end of 2022.
- On the basis of end-use, the e-commerce sector will grow by 1.7x during the next ten years.
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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 Insights oF The Report
• Key Trends in the inflatable packaging market
• New Advancements in Production Technologies
• New Product Launches, Expansions of inflatable packaging market
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
Country- wise Analysis:
USA: Increasing Demand for Inflatable Packaging Driven by Online Shopping Trend
The USA inflatable packaging market is expected to grow at a CAGR of 4.2% due to the rise in online sales and the subsequent demand for protective packaging.
The USA accounts for 30% of global online retail sales, creating a significant need for inflatable packaging in the country.
India: Growing Demand for Inflatable Packaging Fueled by Consumer Electronics Industry
India is projected to hold a 40% market share in the South Asia inflatable packaging market by 2032.
The export of consumer electronics from India has been increasing, driving the demand for inflatable packaging.
The electronic sector contributes approximately 3.4% to India’s total GDP, indicating a thriving market for inflatable packaging.
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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
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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