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Global Air Cushion Packaging Market Analysis by Application, End User, and Region and segments forecast till 2033
Market Overview
The global Air Cushion Packaging Market was worth USD 1,250 million in 2022 and is anticipated to amplify at a CAGR of 8.0% over 2023-2033, thereby accumulating USD 5,950 million by end of the analysis timeline.
Air cushion refers to an inflatable bag of plastic or fabric that provides cushioning to various goods. These cushions are used for the packaging of numerous items including car parts, pharmaceuticals, hardware, and electronics. They offer fast packaging, high flexibility, and ensure efficient protection of goods. Air cushions are predominantly made up of polyethylene which allows the transfer of air within the cell ensuring excellent cushioning.
Lifestyle improvements driven by rising disposable income of individuals along with escalating demand for fast-moving consumer goods and electronics are the primary factors accelerating market growth. Alongside, the ability of air cushions to withstand stress and strains during the storage and transit of goods is adding momentum to Air Cushion Packaging Market progression. Further, cost effectiveness and flexibility of these cushions coupled with growing consumer preference for environment conscious packaging materials are augmenting Air Cushion Packaging Market outlook. However, the surging use of alternate packaging products such as traditional foam, paper, and textile is likely to impede the development of worldwide Air Cushion Packaging Market.
Packaging materials such as traditional foam and textile are harmful for the environment as they cannot be easily disposed. Moreover, they also emit high carbon footprints when burnt. Hence, to minimize the pollution level, end use industries are adopting air cushion packaging for the efficient packing and transit of goods. Also, favorable government initiatives to encourage the use of eco-friendly goods are adding traction to the growth of Air Cushion Packaging Market sphere.
Rising per capita income of individuals across emerging economies have resulted in the increase of their purchasing power. This in turn has accelerated the growth of the e-commerce industry which is one of the primary users of air cushion packaging materials. The demand for air cushions is expected to rise among various e-commerce companies with surge in the number of product orders.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 1,250 Million |
Market Forecast in 2033 | USD 5,950 Million |
CAGR % 2023-2033 | 8.0% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | Application, End User |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Atlantic Packaging, 3G Packaging Corp., FP International, Pregis, Airfil Protective Packaging Ltd., Abriso N.V., Sealed Air Corp., Automated Packaging Systems, Inc., Shangdong Xinniu Packing Co. Ltd., Smurfit Kappa Group, Guangzhou PackBest Air Packaging Co., Ltd., Storopack Hans Reichenecker GmbH, Aiirpack, and others |
Impact of COVID
The COVID-19 pandemic has had a mixed impact on the air cushion packaging market. On the one hand, the rise of e-commerce and home deliveries due to lockdowns and social distancing measures has increased the demand for protective packaging, including air cushion packaging. On the other hand, supply chain disruptions, reduced production capacities, and the overall economic slowdown have affected the demand for packaging materials, including air cushion packaging. Additionally, the increasing focus on sustainability and eco-friendliness may impact the growth of the air cushion packaging market, as some consumers and businesses may shift towards more sustainable packaging alternatives. Overall, the impact of COVID-19 on the air cushion packaging market is expected to be mixed, with both challenges and opportunities for growth.
Application Insights
The wrapping application is gaining widespread popularity in the air cushion packaging market due to several factors such as the rise of e-commerce and the increasing demand for efficient and secure packaging solutions to protect products during shipping and handling. Wrapping with air cushion packaging provides a cost-effective, lightweight, and eco-friendly solution for protecting fragile and delicate items during transportation. Moreover, air cushion packaging provides a clean and attractive appearance to the packaged products, making them more appealing to customers. Additionally, the increasing demand for air cushion packaging in various industries such as food and beverages, healthcare, personal care, and electronics, among others, is further driving the growth of the wrapping application in the air cushion packaging market.
End User Insights
The consumer electronics & applications segment is projected to capture a high market share in the Air Cushion Packaging market due to the increasing demand for electronic products such as smartphones, tablets, and laptops. These products require careful packaging to ensure safe transportation and delivery to consumers. Air cushion packaging provides effective protection against impact and other types of damage during transit, reducing the risk of product damage and minimizing returns. Additionally, air cushion packaging is lightweight, which makes it cost-effective and easier to transport in large quantities. As the demand for electronic products continues to rise, the demand for air cushion packaging in this segment is expected to grow.
Regional Insights
North America, Europe, Middle East & Africa, Asia Pacific, and Latin America are the major regions constituting the geographical ambit of Air Cushion Packaging Market. Among these, Asia Pacific is projected to showcase lucrative expansion trends ascribing to surging penetration of e-commerce, urbanization, rise in per capita income, and escalating demand for consumer electronics. Also, the air cushion packaging market in North America is predicted to capture a significant market share over the stipulated timeline. This is credited to the high e-commerce sales, industrialization, and shifting consumer preference towards eco-friendly packaging options.
Competitive Analysis
Key players operating in the worldwide Air Cushion Packaging Market are Atlantic Packaging, 3G Packaging Corp., FP International, Pregis, Airfil Protective Packaging Ltd., Abriso N.V., Sealed Air Corp., Automated Packaging Systems, Inc., Shangdong Xinniu Packing Co. Ltd., Smurfit Kappa Group, Guangzhou PackBest Air Packaging Co., Ltd., Storopack Hans Reichenecker GmbH, Aiirpack, and others.
Recent News
In March 2022, Sealed Air Corporation, a leading manufacturer of packaging solutions, announced the launch of its new Opti Next Generation air cushioning product line. The new product line is designed to provide superior protection for products during shipping while also reducing material usage and waste.
In February 2022, Pregis LLC, a global leader in protective packaging solutions, announced the expansion of its air cushioning manufacturing capabilities with the opening of a new facility in Europe. The new facility is expected to increase the company's production capacity and improve its ability to serve customers in the region.
In January 2022, Storopack, a leading provider of protective packaging solutions, announced the acquisition of a UK-based manufacturer of air cushion packaging. The acquisition is expected to strengthen Storopack's position in the European market and expand its product portfolio.
In December 2021, Sealed Air Corporation announced the launch of its new CRYOVAC air cushioning product line, which is designed to provide enhanced protection for food products during shipping and storage. The new product line is expected to help food manufacturers and retailers reduce product damage and waste.
1. Global Air Cushion Packaging Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. Air Cushion Packaging Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years 2020 to 2021
1.3.2. Projected Data Reporting Years 2022 to 2033
1.3.3. Reporting Data Parameters Value (US$ Million)
1.4. Global Air Cushion Packaging Market Scope and Market Estimation
1.4.1. Global Air Cushion Packaging Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global Air Cushion Packaging Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. Air Cushion Packaging Market Segmentation
1.5.1. Application of Global Air Cushion Packaging Market
1.5.2. End-use of Global Air Cushion Packaging Market
1.5.3. Key Regions of Global Air Cushion Packaging Market
2. Global Air Cushion Packaging Market - Executive Summary
2.1. Global Air Cushion Packaging Market Summary & Snapshot
2.2. Global Air Cushion Packaging Market, By Application (US$ Million)
2.3. Global Air Cushion Packaging Market, By End-use (US$ Million)
2.4. Global Air Cushion Packaging Market, By Geography (US$ Million)
2.5. Global Air Cushion Packaging Market Outlook & Future Opportunities
3. Air Cushion Packaging Market Trends, Outlook, and Factors Analysis
3.1. Global Air Cushion Packaging Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global Air Cushion Packaging Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. Air Cushion Packaging Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. E-commerce platforms have increased consumer spending.
3.2.1.2. Consumer preference for environmentally conscientious brands,
3.2.1.3. High pay-outs
3.2.2. Restraints
3.2.2.1. The use of classic foam packaging goods is still prevalent.
3.2.3. Opportunities
3.2.3.1. Emergent markets
3.2.3.2. Consumer expenditure is growing.
3.2.3.3. Technological breakthroughs
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porters Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of Air Cushion Packaging Market
3.8. Technological Roadmap
3.9. Key Investment Pockets of Air Cushion Packaging Market
3.9.1. By Application
3.9.2. By End-use
3.9.3. By Regions
4. Global Air Cushion Packaging Market: Estimates & Historic Trend Analysis (2020 to 2021)
4.1. Global Air Cushion Packaging Market, 2020 2021 (US$ Million)
4.2. Global Air Cushion Packaging Market, By Application , 2020 to 2021 (US$ Million)
4.3. Global Air Cushion Packaging Market, By End-use , 2020 to 2021 (US$ Million)
4.4. Global Air Cushion Packaging Market, By Region, 2020 to 2021 (US$ Million)
5. Global Air Cushion Packaging Market Estimates & Forecast Trend Analysis, by Application
5.1. Global Air Cushion Packaging Market Share (%) Estimates and Forecasts, by Application , 2022 & 2033
5.2. Global Air Cushion Packaging Market Revenue (US$ Million) Estimates and Forecasts, by Application , 2022 to 2033
5.2.1. Void Filling
5.2.2. Cushioning
5.2.3. Block & Bracing
5.2.4. Wrapping
5.2.5. Corner Protection
6. Global Air Cushion Packaging Market Estimates & Forecast Trend Analysis, by End-use
6.1. Global Air Cushion Packaging Market Share (%) Estimates and Forecasts, by End-use , 2022 & 2033
6.2. Global Air Cushion Packaging Market Revenue (US$ Million) Estimates and Forecasts, by End-use , 2022 to 2033
6.2.1. Consumer Electronics & Appliances
6.2.2. Home Dcor & Furnishings
6.2.3. Food & Beverages
6.2.4. Pharmaceutical & Medical Devices
6.2.5. Others
7. Global Air Cushion Packaging Market Analysis and Forecast, by Region
7.1. Global Air Cushion Packaging Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033
7.2. Global Air Cushion Packaging Market Revenue (US$ Million) Estimates and Forecasts, by Region, 2022 to 2033
7.2.1. North America
7.2.2. Europe
7.2.3. Asia Pacific
7.2.4. Middle East and Africa
7.2.5. Latin America
8. North America Air Cushion Packaging Market: Estimates & Forecast Trend Analysis
8.1. North America Air Cushion Packaging Market Assessments & Key Findings
8.2. North America Air Cushion Packaging Market Share (%) Estimates and Forecasts, 2022 & 2033
8.3. North America Air Cushion Packaging Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
8.3.1. By Application
8.3.2. By End-use
8.3.3. By Major Country
8.3.3.1. The U.S.
8.3.3.2. Canada
9. Europe Air Cushion Packaging Market: Estimates & Forecast Trend Analysis
9.1. Europe Air Cushion Packaging Market Assessments & Key Findings
9.2. Europe Air Cushion Packaging Market Share (%) Estimates and Forecasts, 2022 & 2033
9.3. Europe Air Cushion Packaging Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
9.3.1. By Application
9.3.2. By End-use
9.3.3. By Major Country
9.3.3.1. Germany
9.3.3.2. The U.K.
9.3.3.3. France
9.3.3.4. Italy
9.3.3.5. Spain
9.3.3.6. Rest of Europe (includes all other European countries)
10. Asia Pacific Air Cushion Packaging Market: Estimates & Forecast Trend Analysis
10.1. Asia Pacific Air Cushion Packaging Market Assessments & Key Findings
10.2. Asia Pacific Air Cushion Packaging Market Share (%) Estimates and Forecasts, 2022 & 2033
10.3. Asia Pacific Air Cushion Packaging Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
10.3.1. By Application
10.3.2. By End-use
10.3.3. By Major Country
10.3.3.1. China
10.3.3.2. Japan
10.3.3.3. India
10.3.3.4. ASEAN
10.3.3.5. South Korea
10.3.3.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
11. Middle East & Africa Air Cushion Packaging Market: Estimates & Forecast Trend Analysis
11.1. Middle East & Africa Air Cushion Packaging Market Assessments & Key Findings
11.2. Middle East & Africa Air Cushion Packaging Market Share (%) Estimates and Forecasts, 2022 & 2033
11.3. Middle East & Africa Air Cushion Packaging Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
11.3.1. By Application
11.3.2. By End-use
11.3.3. By Major Country
11.3.3.1. GCC
11.3.3.2. South Africa
11.3.3.3. Egypt
11.3.3.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
12. Latin America Air Cushion Packaging Market: Estimates & Forecast Trend Analysis
12.1. Latin America Market Assessments & Key Findings
12.2. Latin America Air Cushion Packaging Market Share (%) Estimates and Forecasts, 2022 & 2033
12.3. Latin America Air Cushion Packaging Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
12.3.1. By Application
12.3.2. By End-use
12.3.3. By Major Country
12.3.3.1. Brazil
12.3.3.2. Mexico
12.3.3.3. Rest of Latin America (includes all other Latin America countries)
13. Competitive Landscape
13.1. Air Cushion Packaging Market Revenue Share Analysis (%), by Major Players (2021)
13.2. Air Cushion Packaging Market Competition Matrix, by Leading Players
13.3. Air Cushion Packaging List of Emerging, Prominent and Leading Players
13.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.
14. Company Profiles
14.1. Atlantic Packaging
14.1.1. Company Overview & Insights
14.1.2. Financial Performance
14.1.3. Product / Service Portfolio
14.1.4. Geographical Footprint & Share
14.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
14.2. 3G Packaging Corp.
14.3. Airfil Protective Packaging Ltd.
14.4. Automated Packaging Systems, Inc.
14.5. FP International
14.6. Guangzhou PackBest Air Packaging Co. Ltd.
14.7. Storopack Hans Reichenecker GmbH
14.8. Shandong Xinniu Packing Co. Ltd.
14.9. Pregis
14.10. Abriso NV,
14.11. Aiirpack,
14.12. Smurfit Kappa Group,
14.13. Sealed Air Corp.
14.14. Abriso N.V.
14.15. Others
15. Assumptions and Research Methodology
15.1. Data Mining
15.2. Secondary Research
15.3. Primary Research
15.4. Subject Matter Expert Advice
15.5. Quality Check
15.6. Final Review
15.7. Data Triangulation
15.8. Bottom-Up Approach
15.9. Top Down Approach
15.10. Research Flow
15.11. Key Insights from Industry Experts
15.12. Data Sources
15.13. Assumptions
15.14. Limitations
16. Conclusions and Recommendations
16.1. Key Research Findings and Conclusion
Key Insights & Recommendations from Analysts