Inflatable Packaging Market Report offers in-depth insights, revenue details, and other vital information regarding the global inflatable packaging market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027.
The Inflatable Packaging Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global inflatable packaging market report has been segmented on the basis of material type, end-use industry, and region.
Inflatable Packaging Market Overview:
The Inflatable Packaging Market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.
Inflatable packaging is used to protect fragile products from damage during transportation. This type of packaging is mainly preferred by logistics services, retailers, and manufacturers.
Inflatable Packaging Market Dynamics:
Increasing demand for grocery and meal kit delivery through online channels is packed with inflatable bag packaging protection which is a major factor driving the growth of the global market.
In addition, the growing e-commerce sector in developing countries and rising sales across the online retail channels are some other factors expected to support the growth of the market to a certain extent.
Moreover, increasing trade activities across the globe and rising demand for environment-friendly protective packaging material from the transportation sector are some other factors expected to support the growth of the market.
Furthermore, rapid industrialization, changing government regulations related to environmental pollution through plastic, and manufacturers' approach towards the use of bio-based plastic material for manufacturing packaging products are some other factors expected to support the growth of the market over the forecast period.
In addition, increasing demand from the cosmetic and pharmaceutical industries is another factor expected to support the growth of the market.
However, rising environmental concern for waste generated through inflatable bag packaging is a major factor expected to hamper the growth of the market to a certain extent.
Technological advancements and increasing investment by major players for R&D activities are some other factors expected to create new opportunities in terms of revenue for players operating in the global market over the forecast period.
In addition, rising public-private partnerships in the emerging economies in order to increase the presence and drive revenue growth of the companies is another factor expected to support the growth of the market to a certain extent.
Inflatable Packaging Market Region Analysis:
The market in North America is expected to dominate the global market in terms of revenue and is expected to continue its dominance over the forecast period.
This can be attributed to the government approach towards the use of bio-based plastic, increasing demand from the cosmetic industry, and the presence of major players operating in the countries in this region.
In addition, growing merger and acquisition activities among regional and international players are expected to further support the growth of the market in this region to a certain extent.
Asia Pacific market is expected to witness faster growth, owing to rising environmental regulations, stringent government regulations related to the use of plastic, and the presence of prominent manufacturers operating in emerging economies such as India and China in this region.
The market in Europe is expected to contribute a significant revenue share in the global market.
Inflatable Packaging Market Segmentation:
By Material Type:
- polypropylene (PP),
- polyethylene (PE),
- polyvinyl chloride (PVC)
By End-Use Industries:
- Manufacturing units
- Electrical and electronic
- Food & beverages
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Sealed Air Corporation
- Inflatable Packaging, Inc.
- Extra Packaging, Corp.
- Southern Packaging, LP.
- Raybow Development Co., Ltd.
- Bubble and Foam Packaging
- KapStone Paper and Packaging Corporation
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