Press release
Global Inflatable Packaging Market - Offers High Protection to Fragile Goods Against Shocks During Transit
According to the estimation of the report, the global market for inflatable packaging, which stood at US$1.9 bn in 2016, is likely to rise at a CAGR of 6.0% during the period from 2017 to 2025 and reach a value of US$3.1 bn by the end of the forecast period. The demand for PE packaging solutions is relatively higher that other types of inflatable packaging solutions. Researchers anticipate this trend to remain so over the next few years. Regionally, North America has emerged as the leading market for inflatable packaging and is anticipated to continue on the top over the forthcoming years. In terms of volume, the North America market for inflatable packaging is likely to cross 1,067.6’000 tons market by 2025 end. Europe is expected to follow North America closely and also report a steady rise in its market in the near future, notes the study.Get an exclusive sample of this report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=32009
Rising Demand for Protective Packaging Fuels Uptake of Inflatable Packaging Solutions
“The global market for inflatable packaging is gaining significant impetus from the increasing trend of protective packaging solutions,” says an analyst at TMR. As inflatable packaging solutions are highly efficient in stabilizing and securing product during transportation, their demand is likely to increase substantially over the next few years. The low cost of inflatable packaging solutions is also projected to stimulate their adoption in a number of application over the next few years, mirroring a positive rise in this market.
Apart from this, the eco-friendly characteristics of inflatable packaging solutions over other bulkier alternatives, such as loose-fill peanuts and paper cushioning, are strengthening this market considerably, states the research report.
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Rise in Online Retail to Boost Market’s Growth
Going forward, the tremendous rise in online retail, thanks to the increasing number of Internet users across the world, is expected to add to the growth of the worldwide market for inflatable packaging noticeably over the next few years. The capability of inflatable packaging to absorb shock, offering a high level of protection to products, is also projected to support the market substantially in the years to come, reports the market study.
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About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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