Air Cushion Packaging Market– Overview
Air cushion packaging market is currently valued at USD 7.12 billion and is expected to grow at a CAGR of 8.7% over the forecast duration of 2022-2030.
Air cushion packaging not only offers transit protection but also reduction in product damage by filling the void around the product. It keeps it secure and away from the rigid outer package. Air cushion has added little additional weight to the package and also reduced the freight costs. Air cushion packaging has significantly reduced the packaging waste and also avoided transport harm. These are used for on-demand void filling and also offers higher space efficiency as they are inflated at the packing station and require little warehouse space.
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.
Key market trends- Growth Determinants and Challenges
This market is being fuelled by the 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. Because of the value added applications of air cushion packaging, such as, protection of goods, and the safe distribution and transportation, it is expected that the market will see new investments, especially in developing countries.
Additionally, this market can witness robust growth due to the rapid growth of the e-commerce industry. Also, the environmental concerns in packaging are a key factor that drive the growth of the air cushions market when goods are to be delivered directly to consumers.
On the flipside, the use of alternate packaging material that includes, paper packaging products, textile packaging product, and traditional foam packaging products are still used that act as a restrain for the global air cushion market.
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Segmental analysis of air cushion packaging market
Based on application
- Void Filling
- Cushioning
- Block & Bracing
- Wrapping
The void filling segment dominates the market. This is because the air cushion packaging is used for the void filling which is used to fill the space between the product.
Based on end-use
- E-commerce
- Personal Care
- Electronics
- Pharmaceuticals
- FMCG
- Others
The demand for electronics segment is expected to drive the market growth. This is because the air cushions are used mainly for the packaging of electronic components which is because of their lightweight, transparency, sound proof, and also shock proof properties.
Asia Pacific is expected to amplify at a considerable CAGR
North America, Europe, Asia Pacific, Latin America, Middle east and Africa are the major regions constituting the geographical landscape of worldwide air cushion packaging market. Among these, Asia pacific is expected to dominate the market during the forecast period. This is because of the increase in population, growth in the food and beverage sector, electronic sector, and also the change in consumers’ preferences.
Competitive landscape
The prominent players influencing the competitive hierarchy of the market sphere are Atlantic Packaging, Shandong Xinniu Packing Co. Ltd., Airfil Protective Packaging, Abriso NV, Aiirpack, Automated Packaging Systems, Inc., Sealed Air Corp, FP International, Storopack Hans Reichenecker GmbH, Pregis LLC, Smurfit Kappa Group, Guangzhou PackBest Air Packaging Co. Ltd., and 3G Packaging Corp.
Major developments
Atlantic packaging has expanded its customer bases and strengthen its presence in the market industry.
All the companies have been introducing new innovative products so as to cater the growing consumer demands.
Major questions answered in this report
- What is the growth rate of air cushion packaging market?
- What are the primary growth determinants of the air cushion packaging 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
Air cushion packaging 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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