Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.67 Billion | USD 4.86 Billion | 6.87% | 2023 |
According to Zion Market Research, the global Inflatable Packaging Market was worth USD 2.67 Billion in 2023. The market is forecast to reach USD 4.86 Billion by 2032, growing at a compound annual growth rate (CAGR) of 6.87% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Inflatable Packaging industry over the next decade.
Inflatable packaging is utilized for protecting breakable items from shocks during transportation and hence is preferred by logistics service providers, wholesalers, manufacturers, and retailers. Eco-friendly nature of inflatable packaging and its light-weight property will push the growth of the inflatable packaging market over the ensuing years.
Escalating demand for protective packaging services are anticipated to influence the growth of inflatable packaging market over the estimated timespan. This kind of packaging is efficient and offer high level of safety & security as well as stability to the products that are transported, thereby driving the market trends. Apparently, low product price has further boosted its demand in the recent years. Furthermore, growing awareness about inflatable packaging and rise in the online sales due to thriving ecommerce & digital retail activities will help the market gain momentum over the estimated timespan. Rise in the use of inflatable packaging in pharma and cosmetic sectors will further embellish the market expansion over the forecast timespan.
The growth of the market in North America over the forecast timespan is due to massive customer demand for secured product handling during transport in the countries like Canada and the U.S. Moreover, large-scale presence of reputed players in the region will further add towards the growth of the inflatable packaging industry in North America during the period from 2024 to 2032.
The study provides a decisive view of the inflatable packaging market by segmenting the market based on by material type, by packaging type, by end user and by region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
By material type segment analysis includes PE, PA, PET, Others.
By packaging type segment analysis includes bubble wraps, inflated packaging bags, air pillows.
By end user segment analysis includes personal care and cosmetics, healthcare, homecare, automotive and allied industries, electrical & electronics, e-commerce, shipping and logistics, food & beverages.
The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Report Attributes | Report Details |
---|---|
Report Name | Inflatable Packaging Market |
Market Size in 2023 | USD 2.67 Billion |
Market Forecast in 2032 | USD 4.86 Billion |
Growth Rate | CAGR of 6.87% |
Number of Pages | 110 |
Key Companies Covered | Macfarlane Group plc, Smurfit Kappa Group, Uniqbag Lp., Automated Packaging Systems Inc., Sealed Air Corporation, Green Light Packaging Ltd., Inflatable Airpack, Aeris Protective Packaging Inc., Packaging Inc., Free-Flow Packaging International Inc., FROMM Packaging Systems Inc., Easypack Limited, A E Sutton Limited, and Polyair Inter Pack Inc |
Segments Covered | By Material Type, By Packaging Type, By End User And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Key players profiled in the report and influencing the industry growth are-
The global inflatable packaging market is segmented as follows:
By Material Type
By Packaging Type
By End User
By Region
FrequentlyAsked Questions
Escalating demand for protective packaging services are anticipated to influence the growth of inflatable packaging market over the estimated timespan.
The CAGR of the industry is expected to be nearly 6.87% during the forecast timespan.
North American region will contribute sizably towards the global market revenue over the estimated timeline.
The key market participants include Macfarlane Group plc, Automated Packaging Systems Inc., Inflatable Airpack, Smurfit Kappa Group, FROMM Packaging Systems Inc., Sealed Air Corporation, Packaging Inc., Free-Flow Packaging International Inc., Aeris Protective Packaging Inc., Easypack Limited, A E Sutton Limited, Green Light Packaging Ltd., Uniqbag Lp., and Polyair Inter Pack Inc.
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