PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1151891
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1151891
Global Air Bubble Bags Market is valued approximately at USD 1070.25 million in 2021 and is anticipated to grow with a healthy growth rate of more than 4.2% over the forecast period 2022-2029. Air bubble bags are packaging products produced up of resins such as low-density polyethylene, high-density polyethylene and recycled polyethylene, and contains numerous small air pockets. It has air retention technology, which prevents the bubble cell from losing air and provides added security during handling and shipping. Air bubble bags are inexpensive, transparent, and they require less packaging and shipping. It also provides significant ease of handling, strong insulation, excellent moisture resistance, and protection against abrasion. It is designed for the packaging of delicate items like electronics, medications, antiques, and auto parts, among others. The key factor driving the market growth is rising demand in food and beverages and pharmaceutical industries. Also, growing e-commerce industry would create lucrative demand for the air bubble bags market during forecast period.
According to the India Brand Equity Foundation (IBEF), in 2020, the Indian e-commerce valued USD 46.2 billion and is anticipated to reach USD 188 billion by 2025. And according to Statista, in 2015, the revenue of the global pharmaceutical industry was USD 1073.1 billion and the number reached USD 1423.5 billion in 2021. As a result, rising pharmaceutical industry and E-commerce industry anticipated to crates lucrative demand for the market. Also, rapid industrialization and urbanization will create lucrative opportunity for the market during forecast period. However, the strict government laws and regulations regarding the usage of plastic stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Air Bubble Bags Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the dominating region across the world in terms of market share, owing to the rising demand in industrial applications in the region. Europe is also anticipated to exhibit highest growth rate over the forecast period, owing to factors such as rising e-commerce and packaging industries would create lucrative growth prospects for the Air Bubble Bags market across Europe region.
Major market players included in this report are:
Pregis LLC
Intertape Polymer Group
Sealed Air
Smurfit Kappa
Mondi Group
Jiffy Packaging Co.
Barton Jones Packaging
Abco Kovex
Future Packaging
iVEX Packaging
Recent Developments in the Market:
Global Air Bubble Bags Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Material, Closure Type, End Use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material:
Plastic Air Bubble Bags
Aluminum Foil Air Bubble Bags
Paper Air Bubble Bags
Paperboard Air Bubble Bags
By Closure Type:
Air Bubble Bags with Slider
Air Bubble Bags with Zipper
Air Bubble Bags with Slider-Zipper
By End Use:
Air Bubble Bags in Food Industry
Air Bubble Bags in Pharmaceutical Industry
Air Bubble Bags in Gifts
Air Bubble Bags in Mailing
Air Bubble Bags in Industrial Goods
Air Bubble Bags in Automotive Product
Air Bubble Bags for Other End Uses
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable