Global Inflatable Packaging Market to Achieve a Milestone Valuation of US$ 4.7 Billion by 2032, Driven by a Strong 6.0% CAGR from 2022

The global inflatable packaging market is poised for substantial growth, with an anticipated valuation of US$ 2.6 billion in 2022 and a projected Compound Annual Growth Rate (CAGR) of 6.0% from 2022 to 2032. By 2032, the market is expected to achieve a significant milestone at US$ 4.7 billion. Notably, rapid expansion is on the horizon for inflatable packaging market revenues, with the top 5 companies predicted to collectively secure 20-25% of the global market share by the conclusion of 2022.

Within the material segments, the PE inflatable packaging category is set to dominate, estimated to encompass approximately 55% of the global inflatable packaging market by 2032. This sector's prominence is mirrored in the broader context of the global protective packaging market, where inflatable packaging constitutes 8-10% of a market worth US$ 27 billion in 2021. As outlined by a Future Market Insights research study, the inflatable packaging market's revenue reached US$ 2.5 billion in the same year.

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The inflatable packaging market is poised for a promising growth trajectory, envisaging robust sales expansion from 2022 to 2032. Forecasts by FMI indicate an enticing incremental growth opportunity of US$ 2.2 billion during this period. A key driver is the burgeoning trade of electronic products, necessitating lightweight and secure packaging solutions, thereby further catalyzing demand for inflatable packaging. The market is predicted to expand 1.8 times its current value throughout the forecast timeframe.

Hence, inflatable packaging is considered to be an effective and protective packaging solution and is predominantly used for providing stability and ensuring safe transit. As a result of this popularity, the sales of the target market are likely to spike over the projected period and create a growth opportunity of US$ 2.2 Bn during the assessment period.

Accordingly, the target market is expected to expand by 1.8x its current value. Inflatable packaging provides shatterproof safety solutions for delicate and handle-with-care items like electronic gadgets, glass items, and other products.

Owing to a surge in the trade of different products, particularly through online retail, is the prime factor that fosters the rising demand for protective packaging solutions such as inflatable packaging. Moreover, elevated demand for consumer electronics is estimated to augment the global sales of inflatable packaging.

This is because suppliers and manufacturers are keen on ensuring the safe and secure delivery of products to consumers. Inflatable packaging also aids in lessening the overall weight of the entire package, leading to a decreased warehouse cost. Again, because of less weight, inflatable packaging helps in controlling the carbon footprint. All of these considerations propel the inflatable packaging market to grow over the forecast period.

"Heightened demand from electrical & electronics, and e-commerce segment will generate several lucrative opportunities for the global growth of the inflatable packaging market over the forecast period," says an FMI analyst.  

Key Takeaways:

Use of sustainable materials like bio-plastics to strengthen market prospects.
The inflatable packaging market in the U.S. will expand at a CAGR of 4.2%.
India's inflatable packaging market will hold about 40% of the share in South Asia.
By packaging type, the bubble wrap segment will acquire about 4/5th of the market share by the end of 2022.
On the basis of end-use, the e-commerce sector will grow by 1.7x during the next ten years.

Competitive Landscape 

Sealed Air Corporation, Pregis Corporation, Smurfit Kappa Group, Polyair Inc., Sutton Limited, Uniqbag, Green Light Packaging Ltd., Storopack Hans Reichenecker GmbH, FROMM Packaging Systems Inc., Orion Pack Art, Veritiv Corporation, Jiffy Packaging Co., Barton Jones Packaging Ltd., IVEX Protective Packaging Inc., Intertape Polymer Group Inc., among others, are some of the major players in the inflatable packaging market profiled in the full version of the report.

Leading market players are concentrating on increasing their production capacity so as to meet the rising demand. These organizations are also adopting strategies like facility upgradation, product innovation, mergers, and acquisitions to expand and grow their resources.

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Inflatable Packaging Market Outlook by Category: 

By Material Type:

PP
PE
PA
PET

By Packaging Type:

Bubble Wraps
Inflated Packaging Bags
Air Pillows

By End Use:

E-Commerce
Shipping & Logistics
Food & Beverages
Healthcare
Personal Care and Cosmetics
Homecare
Electrical & Electronics
Automotive
Other Consumers Goods

By Region:

North America
Latin America
Europe
South Asia
East Asia
Middle East & Africa
Oceania

Contact:
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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

This release was published on openPR.