Global inflatable packaging market to expand at a CAGR of 6.0% for the forecast period of 2017 to 2025. Progressing at this rate the market will be worth US$3.1 bn by the end of 2025.
Albany, NY -- (SBWIRE) -- 12/14/2017 -- It is a well-known fact that the delivery of goods requires safe packaging to prevent damage during handling and transportation. Nowadays, due to the cost-effectiveness and high protection, inflatable packaging are highly preferred over other methods. This is acting in favor of the inflatable packaging market. Market Research Hub (MRH) has recently added a study titled "Inflatable Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" to its mega-repository, which provides forecast and analysis of the inflatable packaging market on global level. In addition, the report aims to provide information on the drivers and restraints of the global Inflatable packaging market and their impact on each region during the forecast period. The report also comprises the study of current concerns with end users and opportunities for Inflatable packaging market manufacturers.
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In the initial section, the study starts by outlining the inflatable packaging market overview. Inflatable packaging products are designed to provide cost-effective, well-organized and environmentally friendly void fill and protective packaging for a wide variety of products. It is a type of flexible packaging that offers high protection to fragile goods against shocks during transit. This makes inflatable packaging favorite among product manufacturers, retailers, and logistics service providers. It has been analyzed that the exponential growth of the global protective packaging market which is projected to be worth more than US$20 bn is having a positive impact on the global inflatable packaging market. As per the current findings, the global inflatable packaging market to register a CAGR of 6.0% between 2017 and 2025. At this pace, the market which stood at a valuation of US$1.95 bn in 2016 will become worth US$3.1 bn by the end of 2025.
Asia Pacific Market Shows Lucrative Growth Opportunities
Geography-wise, Asia Pacific is expected to register the primary CAGR of 8.6% over the 2017-2025 forecast period. The growth is predicted mainly due to the rise in e-commerce. The rising number of internet users resulting in increasing preference of online retail channel. The delivery of goods, however, requires foolproof packaging to safeguard against damage during handling and shipping. This is significantly benefitting the inflatable packaging market.
The report segments the global inflatable packaging market on the basis of material type, packaging type, end-use, and geography. Depending on material type, PE, PA, and PET are the segments into which the global inflatable packaging market is divided in this report. In terms of packaging type, the global inflatable packaging market has been diverged into bubble wraps, inflated packaging bags, and air pillows. The bubble wrap segment, amongst all, accounts for more than two-third market share in terms of value.
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Later, in order to provide users of this report with comprehensive view of the market, analysts have included detailed competitiveness analysis and company players with their SWOT analysis and strategic overview. Key Players of the global Inflatable packaging market are Smurfit Kappa Group, Sealed Air Corporation, Pregis Corporation Storopack Hans Reichenecker GmbH, Free-Flow Packaging International, Inc., Automated Packaging Systems, Inc., Aeris Protective Packaging Inc., FROMM Packaging Systems Inc., Inflatable Packaging, Inc., A E Sutton Limited, Macfarlane Group PLC, Polyair Inter Pack Inc., Omniverse Foster Packaging Group Advanced Protective Packaging Ltd., Easypack Limited, Uniqbag Lp, Green Light Packaging Ltd., Airpack (India).
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