Air Bubble Bags Market to Undertake Strapping Growth by 2024

Packaging is a vital component of product delivery. They help to safeguard the product during storage and transportation. Air bubble bags are a type of packaging which is used to protect the products from external damages which may be caused due to moisture or corrosion. They are used in the packaging of health supplements, food products, and electronic components among others.

The global air bubbles bag market is segmented into its closure type, material type, end use, and geography. On the basis of closure type, the market is divided into the zipper, slider, and slider-zipper type. Based on the material type, the market is classified into aluminum foil, paperboard, plastic and paper. Plastic and paper segment can be further categorized into polyvinylidene chloride, polyethylene, polyvinylchloride, polypropylene, polyamide, polyester, and Kraft paper among others. On the basis of end use, the market is segregated into the pharmaceutical industry, food industry, mailing, gifts, industrial goods, garbage use, electronics, automotive products, and others. Based on geography, the market is divided into North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa.

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Growth in the air bubble bags market is largely influenced by the technological advancements, increasing the disposable income of the individuals and the rapid industrialization and urbanization. Rising use of air bubble bags in food and beverage and pharmaceutical industry is significantly fuelling the market growth. Air bubble bag requires less material and helps to protect the material from external damage. These features make them a highly demanded product in the market. Air bubble bags are greatly demanded in online sales activities. This influences the market growth further. However, regulations regarding the use of plastic put forth by the government, high costs and availability of substitutes such as heat seal bags may hamper the market growth.

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Geographically, the largest share in the air bubble bags market is held by Asia Pacific. Growth can be attributed to the rising consumption of food products in this region. China, Japan, India, Australia, and New Zealand will be the central countries that will be contributing to the market growth in Asia Pacific region. Asia Pacific is followed by North America in its growth. This region will exhibit an above average growth rate mainly due to the contribution made by countries such as the U.S. and Canada. Higher adoption of air bubble bags for industrial and commercial use is the influencing the market growth in North America. Moderate growth will be witnessed in the European regions in the future years and Latin America and the Middle East and Africa will also show a positive outlook for the air bubble bags market growth.

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Some of the major companies in the air bubbles bags market include Bemis Company Inc., Amcor Limited, Sealed Air Corporation, Berry Plastics, Mondi Group, Wipak Group, Wenzhou Chuangjia Packing Material Co. Ltd., Shenzhen Rishanhong Plastic Packaging Products Co. Ltd., Cangnan Kanghui Packaging Co. Ltd., and Dongguan OK Packaging Manufacturing Co. Ltd.

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