The expanding Food and beverage sector in the USA has become a significant driver for the sales of inflatable bag packaging. With the USA’s food and beverage industry witnessing substantial growth, the packaging sector has had to adapt to cater to the diverse needs of this market. In particular, the beverage industry faces unique challenges, as its products often come in irregularly shaped glass bottles.
Inflatable bag packaging offers a versatile and effective solution by providing cushioning and protection. With the soaring demand for beverages in the USA, inflatable bags ensure safe and secure shipping, contributing to the industry’s remarkable growth. This adaptability aligns perfectly with the changing needs of the food and beverage sector, making inflatable bags packaging a vital component of this dynamic market.
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The Global Inflatable Bags Packaging Market is poised for substantial growth as it addresses the escalating demand for secure and efficient product transportation. With an anticipated CAGR of 4.7% between 2023 and 2033, the market is projected to reach a valuation of US$ 263.1 million, offering an attractive incremental growth opportunity of US$ 103.9 million. The industry’s evolution is driven by a surge in customized protective packaging solutions, satisfying the requirements of diverse industrial players.
Void filling emerges as a prominent segment, expected to grow 1.9 times its current value during the forecast period. The top three countries are set to command 40-45% of the market share by the end of 2023, underlining its global reach. This growth trajectory is fueled by an ever-increasing need for lightweight and secure packaging solutions, particularly for industrial goods. The Inflatable Bags Packaging Market stands at the precipice of innovation, reflecting the industry’s commitment to tailored solutions.
Market Introduction:
Increasing global transportation of products across cross boundaries is leading to more and more product damage while moving from one place to another. This factor has created an immense demand for protective packaging of products. Inflatable bags packaging is one of the prominent segment in protective packaging which is expected to witness a burgeoning demand in the coming years. With inflatable bags protection, end-user industries are able to render additional primary protection to its product.Moreover, inflatable bags packaging offers the flexibility of lighter weight packaging which enhances ease in product shipping option.
Traditionally, foams were used widely as a protective packaging solution for products but the end environmental impacts are far harsh as compared to its benefit offered. Inflatable bags packaging has thus emerged as an alternative packaging solution for foam packaging.Additionally, with advancement in technological development manufacturers of inflatable bags produced bespoken packaging solution to its end-user industries.Inflatable bags packaging renders versatility solution as the air inside the bags can be filled as per product dimension sizes, thus increasing the application use for a wide variety of product. Also, the mounting consumption of food & beverage across the APEJ market is one of the prominent factors which is correlating a high demand for inflatable bags packaging market.
Market Dynamics:
Augmenting sales across the online retail format over the last decade is one of the important driving factors that is propelling demand for the inflatable bags packaging market. The demand for grocery and meal kit delivery through online channels are mainly packed with inflatable bags packaging protection. Further environmental bodies are emphasizing manufacturers to use the bio-based plastic material for manufacturing packaging products, this factor has enabled producers of inflatable bags to use the same. Furthermore, with increasing third-party logistics across the protective packaging market, it is accelerated demand for the inflatable bags packaging market.
On the flip side, the rising environmental concern of waste generated through inflatable bags packaging is hindering the revenue margin of producers. Overall the demand for inflatable bags packaging market is expected to witness a huge chunk of demand across the cosmetic and pharmaceutical industries.
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Regional Outlook:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
- Japan
Globally, inflatable bags packaging market is monopolized across the regions of APEJ and North America with demand in APEJ countries is further expected to witness immense CAGR during the forecast period. With increasing advancement in technologies across APEJ market, it is correlating to high growth in the inflatable bags packaging market. Also, increase in output of manufacturing production capacity over the years in APEJ region has fuelled the demand for inflatable bags packaging market.
Key Players:
Some of the key players operating in the global inflatable bags packaging market are Sealed Air, Inflatable Packaging, Inc., Extra Packaging, Corp., Southern Packaging, LP., Raybow Development Co., Ltd., Bubble and Foam Packaging, KapStone Paper & Packaging Company.
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Inflatable Bags Packaging Market
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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