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Air Cushion Packaging Market Size, Emerging Trends, Growth Rate, Business Opportunities And Forecast To 2033
Air Cushion Packaging Market
As per the report, the air cushion packaging market size has grown strongly in recent years. It will grow from $3.55 billion in 2023 to $3.84 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The air cushion packaging market size is expected to see strong growth in the next few years. It will grow to $5.26 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%.
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Rapid Expansion Of E-Commerce Fuels Growth In The Air Cushion Packaging Market
The rapid expansion of e-commerce is expected to propel the growth of the air cushion packaging market going forward. E-commerce refers to the buying and selling of goods and services over the internet, encompassing a wide range of online transactions between businesses and consumers. There is a rapid expansion of e-commerce due to several factors, such as increased internet penetration, growing consumer preference for online shopping, and advancements in digital payment systems. Air cushion packaging in e-commerce provides effective protection for products during transit while minimizing shipping weight and reducing material waste. For instance, in February 2024, according to the Census Bureau of the Department of Commerce, a US-based government department, in the fourth quarter of 2023, e-commerce sales surged by 7.5% compared to the same period in 2022. Therefore, the rapid expansion of e-commerce is driving the growth of the air cushion packaging market.
Technological Innovations And Sustainability In The Air Cushion Packaging Market
Major companies operating in the air cushion packaging market are focusing on technological advancements such as air pillow systems, eco-friendly materials, and smart packaging solutions that incorporate sensors and tracking technologies to enhance product protection, improve logistics efficiency, and gain a competitive advantage. Air pillow systems create compact, inflatable packaging that provides superior protection and reduces material waste. For instance, in September 2022, DUNA-Corradini S.p.A., an Italy-based plastic fabrication company, introduced RIO, an air packaging solution made from 70% recycled and recyclable plastic. Part of the Air in Place (AIP) range, RIO aims to reduce virgin plastic use while maintaining high quality and durability. Using pre-industrial recycled plastic ensures material consistency and simplifies disposal, making the packaging fully recyclable.
The air cushion packaging market covered in this report is segmented -
1) By Type: Void Filling, Block And Bracing, Wrapping, Corner Protection
2) By Form: Air Tubes, Air Bubble, Air Pillows, Air Bags
3) By Color: Green, White, Blue
4) By Application: Electronics, Consumer Goods, Cosmetic And Personal Care, Foods And Beverages, Pharmaceuticals, Other Applications
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Major companies operating in the air cushion packaging market are Amcor plc, Smurfit Kappa Group Plc, Associated Packaging, Veritiv Corporation, Sealed Air Corp., Intertape Polymer Group Inc., Pregis LLC, Storopack Hans Reichenecker GmbH, Shorr Packaging, Polyair, Atlantic Tape Packaging, iVEX Protective Packaging, Polycell International, FP International, 3G Packaging Corp., Airfil Protective Packaging Ltd., AirWave Packaging LLC, Jaineeket Enterprises, Springpack, Salazar Packaging, Macfarlane Group UK Ltd, DynaCorp, COMPAK
Contents of the report:
1. Executive Summary
2. Air Cushion Packaging Market Report Structure
3. Air Cushion Packaging Market Trends And Strategies
4. Air Cushion Packaging Market - Macro Economic Scenario
5. Air Cushion Packaging Market Size And Growth
…..
27. Air Cushion Packaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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