DUBAI, United Arab Emirates, Oct. 19, 2022 (GLOBE NEWSWIRE) — The global inflatable packaging market is expected to reach a value of US$4.7 billion by 2032, with sales growing at a positive CAGR by 6.0% from 2022 to 2032 Projected to reach approximately US$2.6 billion in 2022, the target market is fueled by the growing commerce of electronic products.
The growing consumption and supply of electronic products will generate increased demand for safe and lightweight packaging solutions which in turn will drive the growth of the inflatable packaging market over the forecast period.
Inflatable packaging solutions are very popular in the packaging industry as they provide an affordable and convenient cushioning effect. This effect is largely responsible for the safety and security of packaged goods during transportation and delivery.
Therefore, inflatable packaging is considered an effective and protective packaging solution and is primarily used to provide stability and ensure safe transit. Due to this popularity, target market sales are expected to increase over the projected period and create a growth opportunity of US$2.2 billion over the evaluation period.
As a result, the target market is expected to increase by 1.8 times its current value. Inflatable packaging offers unbreakable safety solutions for delicate and carefully handled items such as electronic gadgets, glassware and other products.
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Due to the boom in trade of different products especially through online retailing is the major factor that is driving the growing demand for protective packaging solutions such as inflatable packaging. Additionally, high demand for consumer electronics is estimated to increase the global sales of inflatable packaging.
Indeed, suppliers and manufacturers are keen to ensure the safe and secure delivery of products to consumers. Inflatable packaging also helps to reduce the overall weight of the entire package, which leads to lower storage costs. Again, due to their reduced weight, inflatable packaging helps control the carbon footprint. All these considerations propel the inflatable packaging market to grow over the forecast period.
“Increased demand from electrical and electronics and e-commerce segment will generate several lucrative opportunities for the global inflatable packaging market growth over the forecast period,” says an IMF analyst.
Key points to remember:
- Using sustainable materials like bioplastics to enhance market prospects.
- The inflatable packaging market in the United States will grow at a CAGR of 4.2%.
- The Indian inflatable packaging market will hold around 40% of the market share in South Asia.
- By type of packaging, the bubble wrap segment will acquire around 4/5th market share by the end of 2022.
- On an end-use basis, the e-commerce sector will grow 1.7x over the next ten years.
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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, Veritiv Corporation, Jiffy Packaging Co., Barton Jones Packaging Ltd., IVEX Protective Packaging Inc., Intertape Polymer Group Inc. among others are some of the key players of Inflatable Packaging Market profiled in the comprehensive version of the report.
Major market players are focusing on increasing their production capacity to meet the growing demand. These organizations also adopt strategies such as facility upgrades, product innovation, mergers and acquisitions to expand and develop their resources.
More information about the Inflatable Packaging market report
In its latest report, FMI offers an unbiased analysis of the Global Inflatable Packaging Market, providing historical data from 2015 to 2021 and forecast statistics from 2022 to 2032. To understand the potential, growth, and scope of the global market, the market is segmented on the basis of material type (PP, PE, PA, PET), packaging type (bubble wrap, inflated packaging bags, air cushions), end user (e-commerce , shipping and logistics, food and beverage, healthcare, personal care and cosmetics, home care, electrical and electronics, automotive, other consumer goods) and region.
According to the latest IMF reports, based on segmentation, the e-commerce end-use sub-segment is expected to be the primary growth driver of the market. This sub-segment is expected to grow 1.7x current value over the next ten years.
Bubble packaging type will continue to dominate the market during the assessment period, holding around 4/5ths of the market share in 2022. Based on region, the inflatable packaging market in the United States will show a notable growth during 2022-2032 due to a well-established e-commerce sector.
The target market will register a CAGR of 4.2% in this country. Growth in online sales, which accounts for 30% of global online retail sales, is propelling the inflatable packaging market to grow in the United States. Apart from the United States, India, too, will show substantial market growth, accounting for 40% of the market share in the global South. Asia.
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1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Analysis of the technology roadmap
1.5. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Market context
3.1. Market dynamics
3.2. Impact of Covid-19
3.2.1. Demand in the optimistic scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in the conservative scenario
3.3. Macro factors and forecast factors
3.4. Value chain analysis
3.4.1. Profit Margin Analysis
3.4.2. raw material suppliers
3.4.3. Manufacturers, wholesalers and distributors
3.4.4. End use/ Customers
3.5. Regional Parent Market Outlook
3.6. Production and consumption statistics
3.7. Comparative analysis of world average prices
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