The air cushion packaging global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Air Cushion Packaging Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The air cushion packaging market size has grown strongly in recent years. It will grow from $3.55 billion in 2023 to $3.84 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to the growth of e-commerce and online retailing, increasing focus on sustainable packaging solutions, rise in demand for protective packaging in fragile goods transportation, advancements in manufacturing technology for air cushion packaging, and expansion of global supply chains and logistics networks.
The air cushion packaging market size is expected to see strong growth in the next few years. It will grow to $5.26 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to growing emphasis on minimizing shipping costs and material waste, adoption of air cushion packaging in various industries beyond retail, such as electronics and automotive, shift towards lightweight and durable packaging materials, integration of smart packaging technologies for tracking and monitoring shipments and regulatory initiatives promoting environmentally friendly packaging alternatives. Major trends in the forecast period include a surge in demand for on-demand and custom-fit air cushion packaging solutions, the emergence of biodegradable and compostable air cushion packaging materials, integration of antimicrobial properties in air cushion packaging for enhanced product protection, expansion of market players offering recyclable air cushion packaging options, implementation of automation and robotics in air cushion packaging manufacturing processes for increased efficiency and productivity.
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Scope Of Air Cushion Packaging Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Air Cushion Packaging Market Overview
Market Drivers –
The rapid expansion of e-commerce is expected to propel the growth of the air cushion packaging market going forward. E-commerce refers to the buying and selling of goods and services over the internet, encompassing a wide range of online transactions between businesses and consumers. There is a rapid expansion of e-commerce due to several factors, such as increased internet penetration, growing consumer preference for online shopping, and advancements in digital payment systems. Air cushion packaging in e-commerce provides effective protection for products during transit while minimizing shipping weight and reducing material waste. For instance, in February 2024, according to the Census Bureau of the Department of Commerce, a US-based government department, in the fourth quarter of 2023, e-commerce sales surged by 7.5% compared to the same period in 2022. Therefore, the rapid expansion of e-commerce is driving the growth of the air cushion packaging market.
Market Trends –
Major companies operating in the air cushion packaging market are focusing on technological advancements such as air pillow systems, eco-friendly materials, and smart packaging solutions that incorporate sensors and tracking technologies to enhance product protection, improve logistics efficiency, and gain a competitive advantage. Air pillow systems create compact, inflatable packaging that provides superior protection and reduces material waste. For instance, in September 2022, DUNA-Corradini S.p.A., an Italy-based plastic fabrication company, introduced RIO, an air packaging solution made from 70% recycled and recyclable plastic. Part of the Air in Place (AIP) range, RIO aims to reduce virgin plastic use while maintaining high quality and durability. Using pre-industrial recycled plastic ensures material consistency and simplifies disposal, making the packaging fully recyclable.
The air cushion packaging market covered in this report is segmented –
1) By Type: Void Filling, Block And Bracing, Wrapping, Corner Protection
2) By Form: Air Tubes, Air Bubble, Air Pillows, Air Bags
3) By Color: Green, White, Blue
4) By Application: Electronics, Consumer Goods, Cosmetic And Personal Care, Foods And Beverages, Pharmaceuticals, Other Applications
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Regional Insights –
Asia-Pacific was the largest region in the air cushion packaging market in 2023. The regions covered in the air cushion packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the air cushion packaging market are Amcor plc, Smurfit Kappa Group Plc, Associated Packaging, Veritiv Corporation, Sealed Air Corp., Intertape Polymer Group Inc., Pregis LLC, Storopack Hans Reichenecker GmbH, Shorr Packaging, Polyair, Atlantic Tape Packaging, iVEX Protective Packaging, Polycell International, FP International, 3G Packaging Corp., Airfil Protective Packaging Ltd., AirWave Packaging LLC, Jaineeket Enterprises, Springpack, Salazar Packaging, Macfarlane Group UK Ltd, DynaCorp, COMPAK
Table of Contents
1. Executive Summary
2. Air Cushion Packaging Market Report Structure
3. Air Cushion Packaging Market Trends And Strategies
4. Air Cushion Packaging Market – Macro Economic Scenario
5. Air Cushion Packaging Market Size And Growth
…..
27. Air Cushion Packaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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