Global Air Cushion Packaging Market was worth USD 1.25 billion in 2020 and is anticipated to accumulate USD 5.95 billion by 2030, amplifying at a CAGR of 8% over the forecast duration of 2022-2030.
An inflatable bag made of plastic or fabric that serves as a cushion for various items is known as an air cushion. These cushions are used to package a variety of goods, including hardware, electronics, medications, and car parts. They provide quick packaging, great flexibility, and effective product protection. Most air cushions are constructed of polyethylene, which allows air to move around the cell and provides good cushioning.
The air cushion packaging is economical and has eliminated conventional bubble transportation. Air is an ideal replacement for traditional bubble wrap, foam-in-place, and also paper packaging. It is also referred to as sustainable packaging solution as it contains an additive that accelerates biodegradation in environment.
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Global Air Cushion Packaging: Key Trends:
Increasing environmental concerns to aid market expansion:
Packaging materials such as traditional foam and textile are harmful for the environment as they cannot be easily disposed. Moreover, they also emit high carbon footprints when burnt. Hence, to minimize the pollution level, end use industries are adopting air cushion packaging for the efficient packing and transit of goods. Also, favorable government initiatives to encourage the use of eco-friendly goods are adding traction to the growth of this market sphere.
Surging disposable income to create massive progression opportunities:
Rising per capita income of individuals across emerging economies have resulted in the increase of their purchasing power. This in turn has accelerated the growth of the e-commerce industry which is one of the primary users of air cushion packaging materials. The demand for air cushions is expected to rise among various e-commerce companies with surge in the number of product orders.
Air Cushion Packaging Market- Segmental Assessment
Top Key Players:-
- 3G Packaging Corp.
- Airfil Protective Packaging Ltd.
- Automated Packaging Systems, Inc.
- FP International
- Guangzhou PackBest Air Packaging Co. Ltd.
- Storopack Hans Reichenecker GmbH
- Shandong Xinniu Packing Co. Ltd.
- Abriso NV,
- Smurfit Kappa Group,
- Sealed Air Corp.
- Abriso N.V.
- Void Filling
- Block & Bracing
- Corner Protection
- Consumer Electronics & Appliances
- Home Décor & Furnishings
- Food & Beverages
- Pharmaceutical & Medical Devices
Table of Contents
- Market Introduction and Market Overview
- Market – Executive Summary
- Market Trends, Outlook, and Factors Analysis
- Market: Estimates & Historic Trend Analysis (2018 to 2021)
- Market Estimates & Forecast Trend Analysis, by Deployment
- Market Estimates & Forecast Trend Analysis, by Component
- Market Estimates & Forecast Trend Analysis, by Content Type
- Market Estimates & Forecast Trend Analysis, by End Use
- Market Analysis and Forecast, by Region
- North America Air Cushion Packaging Market: Estimates & Forecast Trend Analysis
- Europe Air Cushion Packaging Market: Estimates & Forecast Trend Analysis
- Asia Pacific Air Cushion Packaging Market: Estimates & Forecast Trend Analysis
- Middle East & Africa Air Cushion Packaging Market: Estimates & Forecast Trend Analysis
- Latin America Air Cushion Packaging Market: Estimates & Forecast Trend Analysis
- Competitive Landscape
- Company Profiles
- Assumptions and Research Methodology
- Conclusions and Recommendations
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Major questions answered in this report
- What is the growth rate of this market?
- What are the primary growth determinants of this market?
- Which are the major regions constituting the geographical landscape of the market?
- Which are the prominent companies operating in the market?
Key takeaways from the report
- Market is projected to register at a CAGR of 8.7% over the forecast period of 2022-2030.
- Evolving consumer lifestyle and also increase in per capita income which has been driving the demand for consumer products in developed as well as developing economies are aiding market progression.
- Electronics segment is poised to expand significantly in the market.
- Asia Pacific is anticipated to record notable gains because of the rise in healthcare expenditure.
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