Press release
Global Air Bags Packaging Market - Industry Size, Share, Growth, Trend and Forecast 2016 - 2024
Air bags packaging Market: Introduction
Packaging plays an important role for attracting the customers towards the product offered by the manufacturers. Apart from that, packaging is also used for protection during transportation, identification as well as it aids to differentiate from the competitors’ products available in the market. Air bags packaging is one of the most popular packaging solutions adopted by food & beverages, pharmaceutical and electronics product manufacturer. The demand for air bags packaging is gaining traction, owing to its light weight and its flexible nature to pack different product forms in same pack format.
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Air bags Packaging: Market Dynamics
Global air bags packaging market is primarily driving by the increasing growth in e commerce industry as air bags packaging is used widely preferred packaging solutions in the e commerce industry. Also, air bags packaging is anticipated to be driven by the growing demand of third party logistics across the globe. Third party logistics providers focus in warehousing, integrated operation, and transportation services. Third party logistic providers are adopting air bags packaging for packaging solutions. Moreover, air bags packaging minimizes the shipping costs of the manufacturer owing to the property of its light weight. Air bags packaging is extensively used for packaging consumer durable products that in turn accelerates the demand of air bags packaging market during the forecast period. Furthermore, mounting growth of pharmaceutical industry is positively influencing the demand of air bags packaging market. Air bags packaging is used as packaging solution for automotive parts which is expected to further propel the growth of air bags packaging in the upcoming decade. Air bags packaging is also used in the beverages packaging especially for wine that is expected to intensify the growth of the market. Over the past few year, air bags is used as a packaging solution for industrial goods. But some government regulations regarding the usage of plastic can pose a challenge for the air bags packaging market. Manufacturers of air bags packaging are now using biodegradable plastic as an alternative material.
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Air bags packaging: Market Segmentation
The global air bags packaging market is segmented on the basis of application, material type, function and distribution channel
Based on the application the global air bags packaging market is segmented into:
Food
Beverages
Electronics & semi-conductor
Pharmaceutical
Industrial goods
Automotive parts
Based on the material type, the global air bags packaging market is segmented into:
PVC
PS
PE
Others
Based on the function, the global air bags packaging market is segmented into:
Void Fill
Cushioning
Based on the distribution channel, the global air bags packaging market is segmented into:
Conventional
E- Commerce
Air bags packaging Market: Regional outlook
In terms of geography, the global air bags packaging market has been divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. North America is expected to remain its dominance during the forecast period owing to the huge growth of pharmaceutical along with the healthy growth of cosmetic & personal care industry. Europe is also expected to witness slightly slower growth due to the mature market. Asia pacific region is anticipated to register highest CAGR as compare to the other region due to the healthy growth of e commerce industry in developing economies. But Latin America and Middle East & Africa region is expected to witness very slow growth in the next decade.
Air bags Packaging Market: Key players
Some of the key players in the global air bags packaging market are Airpack, S.p.A, Inflatable Packaging, Inc., Smurfit Kappa Group Plc., and Bayer Corporation etc. Many unorganized players are also presence in the market for that key players are focusing to mergers & acquisition activity to penetrate into the developing countries.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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