Air Bubble Bags Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Air Bubble Bags Market grew at a CAGR of 3.7% between 2017-2021 and is estimated to be US$ 947.3Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.5% and is expected to reach a valuation of US$ 1,471.1Mn by 2032 end.
Rapid industrialization and urbanization, rising disposable income, and technological improvements significantly impact air bubble bag market growth. The growing use of air bubble bags in the pharmaceutical, food, and beverage industries is considerably driving market expansion. Less material is needed for air bubble bags, which also assist shield the fabric from harm from the outside.
They are a very sought-after product on the market due to these attributes. Air bubble bags are in high demand in online retail operations. This has an even greater impact on the market expansion. However, government-imposed restrictions on the use of plastic, high prices, and the availability of cheaper alternatives like heat seal bags could restrain market expansion.
ChemView Consulting has analyzed that sales of air bubble bags are also fueled by their superior performance during storage and transit and their capacity to shield important components from moisture, corrosion, and rust. In terms of cost-effectiveness and material utilization, void-fill materials give the air bubble bag business a competitive edge over other fill materials. The rise of the air bubble bag sector is aided by the expanding popularity of modern retail among consumers globally due to its adaptability and increased disposable income.
The largest market share is predicted to be held by electronics, followed by pharmaceuticals. The development of the world’s air bubble bag market will be fueled by ongoing R&D investments made by industry players in developing new electronic gadgets with more features. As a result of strong R&D spending and regional development to meet expanding consumer demand, electronics will increase. The industry has the fastest growth rates due to the introduction of new technology.
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Segments Covered in Report
By Material:
- Plastic Air Bubble Bags
- Aluminum Foil Air Bubble Bags
- Paper Air Bubble Bags
- Paperboard Air Bubble Bags
By Closure Type:
- Air Bubble Bags with Slider
- Air Bubble Bags with Zipper
- Air Bubble Bags with Slider-Zipper
By End-Use:
- Air Bubble Bags in Food Industry
- Air Bubble Bags in Pharmaceutical Industry
- Air Bubble Bags in Gifts
- Air Bubble Bags in Mailing
- Air Bubble Bags in Garbage Use
- Air Bubble Bags in Industrial Goods
- Air Bubble Bags in Automotive Product
- Air Bubble Bags in Electronics
- Air Bubble Bags for Other End Uses
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Air Bubble Bags Market
- Based on the end-use, the largest market share is predicted to be held by electronics, followed by pharmaceuticals. The development of the world’s air bubble bag market will be fueled by ongoing R&D investments made by industry players in developing new electronic gadgets with more features. As a result of strong R&D spending and regional development to meet expanding consumer demand, electronics will increase. The industry has the fastest growth rates due to the introduction of new technology.
- Based on the closure type, in primary Packaging, slider zippers are widely utilized. Slider zippers help to reinforce the main Packaging, which keeps and safeguards the contents of the box from contamination and damage. A small sliding component is used in slider technology to help in box opening and closing.
- Based on the region, due to the region’s expanding e-commerce and packaging sectors, Europe will provide tremendous growth opportunities to the air bubble bags market. Throughout the projection period, the need for air bubble bags is expected to grow steadily. The market for air bubble bags is increasing due to the rising demand for consumer goods. Europe accounts for 28.0% of the world market for air bubble bags.
Competition Summary
Key companies covered in the market study are Pregis LLC, Intertape Polymer Group, Sealed Air, Smurfit Kappa, Mondi Group, Jiffy Packaging Co., Barton Jones Packaging, Abco Kovex, Future Packaging, iVEX Packaging, Dongguan OK Packaging Manufacturing Co. Ltd., Desco Europe, PH Flexible, Makkipak Ltd.
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impact market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have collaborated with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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