Global Air Cushion Packaging Market By Functionality (Void Filling, Wrapping, Block & Bracing, and Corner Protection), By End-user (Consumer Electronics & Appliances, Beauty & Personal Care, Home Décor & Furnishings, Pharmaceutical & Medical Devices, and Food & Beverages), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Air Cushion Packaging Market Overview:

Global air cushion packaging market accounted for USD 3,473.84 million in 2021. It is forecast to grow 8.1% over the predicted period.

Increased consumer spending through e-commerce platforms, high payments, and customer desire for environmentally friendly goods are some factors propelling the industry.

Global Air Cushion Packaging Market Scope:

Functionality analysis

The market is segmented based on the functionality of air cushion packaging. These products offer the most functionality, with the void filling being the largest. This segment represented nearly 34.1% market share in 2021.

Bubble wrap was the mainstay of most packaging. This transparent plastic material contains air-filled bubbles which provide cushioning for fragile objects. This type of packaging has a problem. The bubbles are prefilled and take up much storage space in the warehouse. They are now being replaced by air cushions, which offer superior stackability and can be controlled to ensure that the air is pumped into the packaging solution as required. Air cushions are quick to package and provide excellent protection for goods against all surfaces and conditions during transit.

End-user analysis

The global market can be divided into several segments depending on end-user applications. These include home decor and furnishing and consumer electronics, as well as appliances and pharmaceutical and medical devices. The market’s dominant segment was consumer electronics and appliances in 2021.

Worldwide retail e-commerce sales amounted to US$ 2,801 billion in 2021. They are forecast to rise at a rate exceeding 21.2% over five years. Online retail of electronic devices like tablets and mobile phones is preferred by more than 66.3%. This leads to a need for protection and options for secure packing.

Suppliers are primarily focused on creating the best packaging because consumers consider packaging to be the most important aspect of a company’s brand and product. Consumer buying habits have changed with the development of packaging technologies using air cushions. Suppliers reported that at least 26.7% of total sales were returned. This has been significantly reduced by the acquisition of more efficient packaging options.

Over the forecast period, the market for air cushion packaging is expected to see strong growth in the beauty and personal care segments. The market is highly competitive due to the presence of many players and new entrants. These products are marketed through packaging.

Online shopping has become a popular choice for people looking to purchase cosmetics and personal care products. Online shopping sites offer greater privacy and allow customers to select from a variety of products. This has directly impacted the demand for cushion packaging.

Кеу Маrkеt Ѕеgmеntѕ:

By Functionality

• Void Filling
• Wrapping
• Block & Bracing
• Corner Protection

By End-user

• Consumer Electronics & Appliances
• Beauty & Personal Care
• Home Décor & Furnishings
• Pharmaceutical & Medical Devices
• Other End-users

Market Dynamics:

Flexible packaging has played a pivotal role in industry-wide transformation. As the main focus of the industry’s efforts is to increase e-commerce penetration and sustainability, the trends are geared towards consumer needs. According to consumer preferences and demographics, two-thirds are willing to pay more for sustainable products.

The largest market share in North America in 2021 was held by the United States. It is predicted that the U.S. will surpass US$ 479.6 million by 2032. The fastest growth is expected to be in the beauty and personal care segments, with a CAGR of 8.1% over the forecast period. This can be attributed to consumers’ preference to purchase premium products online. A void filling will continue to be the predominant functionality of air cushions during the forecast period. This is due to vendors using secondary and third-tier packaging to minimize damage.

In the next few years, there will be a growing demand for safer and more efficient packaging solutions. These solutions can provide greater transit safety for products and offer functionality like corner protection, blocking and bracing, and void filling. These solutions offer many benefits, including lightweight, portability, and low storage space requirements.

Plenty of air cushion packing equipment has fast filling and auto-shutoff valves. This reduces production time and provides high safety ratings. These air cushions can be deflated at will and are more stackable than conventional bubble wrap. Future demand will be assured by these functionality benefits offered by air cushion packaging options.

Regional Analysis:

The Asia Pacific was the dominant market for global electronics in 2021, accounting for nearly 43.5% of the total revenue. Product demand will be further stimulated by factors such as the shift in consumer behavior, aggressive penetration of eCommerce, rising disposable incomes, and growing consumer electronics demand in the region.

Due to the ease of accessing raw materials and low labor costs, many multinationals from western countries are looking east. These factors result in lower production costs and lower final product prices. These factors have resulted in higher product sales via online shopping apps. This can directly be attributed to the increasing demand for safe packaging solutions such as air cushions.

At a 6.1% CAGR, the North American market will surpass US$ 1,307 million by 2032. This indicates that e-commerce sites are more popular than traditional retail outlets and that consumers prefer safer and faster transit options. Customers in the U.S. are more likely to order food and drinks online, which has led to a rise in demand for packaging using air cushions.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Globally, the industry is somewhat fragmented. Pregis and Sealed Air Corp. account for approximately 41.3% of global market revenue. These companies target India, China, and South Korea as their markets. This industry will be characterized by innovation in future technologies and vendor adaptability in the next few years. Opportunities for growth will be created by the introduction of eco-friendly products and a focus on recyclability.

Маrkеt Кеу Рlауеrѕ:

• Sealed Air Corp.
• Abriso N.V.
• Ѕmurfіt Карра
• DуnаСоrр
• Рrеgіѕ
• Ѕtоrорасk
• Аutоmаtеd Расkаgіng Ѕуѕtеmѕ
• FР Іntеrnаtіоnаl
• Gеаmі
• Other Key Players

For the Air Cushion Packaging Market research study, the following years have been considered to estimate the market size: