The
global Air
Cushion Packaging Market size is projected to be valued at USD
4.4 billion by 2025, according to a new report by Grand View Research, Inc.,
registering a CAGR of 7.0% over the forecast period. This growth in demand can
be attributed to rising importance of high degree of protection of goods from
harsh transit conditions and surfaces, along with offering flexibility in
various other applications.
Air
cushions are dual-material custom packaging solutions usually made up of
polyethylene and filled with air. Consumer shift from using bubble wraps to air
cushions for packing has been observed in recent years, majorly due to their
sustainability and ease of use. Air pillows also take up less of space in
warehouses, thus reducing storage cost and improving optimal usage of space.
Based
on functionality, void filling is the dominant segment and is expected to
witness strong growth over the forecast period. Air cushions are the optimal
solution for closing up gaps between secondary and tertiary packaging. In
addition, they offer flexibility to control the air pressure inside the packing
depending on its application.
In
terms of end-user application, the consumer electronics and appliances segment
is anticipated to register a CAGR of 8.0% during the forecast period. Soaring
online sales of consumer electronics through various e-commerce websites is the
primary factor driving this segment. Electronics require high levels
of protective packaging due to their fragility.
Request
a sample copy or view summary of this report@ https://www.grandviewresearch.com/industry-analysis/air-cushion-packaging-market
Further key findings from the report suggest:
- The global
air cushion packaging market is anticipated to reach USD 4.4 billion by
2025, on account of increasing demand for protective packing solutions
from vendors trying to minimize transit damage losses
- Void filling
functionality is expected to be the fastest growing segment, which can be
attributed to growing use of dual packaging solutions used by vendors to
minimize cost of product delivery and lower the chances of returns from
customers
- The beauty
and personal care end-user segment held the dominant share in 2018 and
will amount to USD 965.3 million in 2025. An increasing number of
consumers have been purchasing personal care products online, which spurs
the demand for effective packing solutions
- Asia Pacific
emerged as the largest regional market. This growth can be attributed to
increasing awareness among consumers toward environmental sustainability
and adopting mechanisms and materials that cause minimal damage to the
environment
- The vendor
landscape is fragmented with the presence of numerous participants. Key
players operating in the market include Pregis; Sealed Air Corp; 3G
Packaging Inc.; Abriso NV; Atlantic Packaging; and Shandong Xinniu.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
No comments:
Post a Comment