The
global
inflatable packaging market is
highly competitive in nature and is extremely fragmented, owing to
the presence of a large number of players operating in it across the
globe, states a new market intelligence study by Transparency Market
Research. The key players operating in the inflatable packaging
market are A E Sutton Ltd., Uniqbag LP, Aeris Protective Packaging
Inc., Airpack, and Easypack Ltd. Some of the other key players in the
market are Storopack Hans Reichenecker GmbH, Pregis Corp., Smurfit
Kappa Group, Macfarlane Group plc, Sealed Air Corp., FROMM Packaging
Systems Inc., Green Light Packaging Ltd., Omniverse Foster Packaging
Group, Automated Packaging Systems Inc., Inflatable Packaging Inc.,
Polyair Inter Pack Inc., Advanced Protective Packaging Ltd., and
Free-Flow Packaging International Inc. The rising number of mergers
and acquisitions and the growing focus on development of new business
strategies are projected to enhance the overall growth of the market
in the next few years.
According to the market research study by
Transparency Market Research, the global market for inflatable
packaging is likely to witness promising growth in the next few
years. In 2016, the global market for inflatable packaging was worth
US$1.9 bn and is projected to reach a value of US$3.1 bn by the end
of 2025. The market is estimated to register a healthy 6.0% CAGR
between 2017 and 2025.
The global market for inflatable packaging has
been categorized on the basis of geography into Asia Pacific, the
Middle East and Africa, Europe, Latin America, and North America. In
the last few years, North America led the global market and is likely
to continue with the same position throughout the forecast period.
Europe is predicted to stand on the second position in terms of
market share. According to the research study, this region is
predicted to register a steady 4.0% CAGR between 2017 and 2025.
Furthermore, Asia Pacific is likely to display a promising growth
rate in the next few years, owing to the growth prospects in several
emerging nations.
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On the basis of packaging type, the bubble wrap
segment is estimated to witness high growth throughout the forecast
period. This segment is projected to account for more than two third
of the overall market in the coming few years. The rising demand for
packaging of champagne, wines, and spirits is further predicted to
encourage the growth of the inflated packaging bags in the next few
years. In terms of end use, the e-commerce segment holds promising
growth opportunities for the market players in the next few years.
Furthermore, the shipping and logistics is likely to register a
healthy growth in the near future.
Cost-effective Products Offered by
Inflatable Packaging Solutions to Encourage Market Growth
The growing demand for protective packaging
solutions is one of the major factors anticipated to encourage the
growth of the global inflatable packaging market in the next few
years. The inflatable packaging products are highly effective in
terms of stabilizing and security during transportation, which is
likely to accelerate the growth of the overall market in the coming
few years. In addition to this, the low cost of these products is
considered as one of the other key factors predicted to enhance the
growth of the overall market in the next few years. Furthermore, the
rising awareness among people regarding the eco-friendly
characteristics of inflatable packaging products is likely to
generate promising growth opportunities for the market players
throughout the forecast period.
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