Global Air Cushion Packaging Market - 2023-2030

Overview

Global Air Cushion Packaging reached US$ 3.7 billion in 2022 and is expected to reach US$ 6.8 billion by 2030, growing with a CAGR of 7.4% during the forecast period 2023-2030.

The air cushion packaging market is expected to be driven by its lower cost which is due to its efficiency in using less material to achieve remarkable protection which ensures significant cost savings in the long run. Also its minimal weight composition reduces transportation cost, air cushion packaging provides less occupancy, as just one cubic foot for a large roll, which effectively reduces warehouse storage costs.

North America's growth in the air cushion packaging market is expected to be driven by the rise in growth of the e-commerce sector. For instance, according to the Census Bureau of the Department of Commerce, in the U.S. in the first quarter of 2023, retail e-commerce sales reached an estimated $272.6 billion which reflects the 3.0 percent growth from the previous quarter. Also, the growth in e-commerce sales which accounted for 15% total growth in sales is directly contributing to rising demand for effective and efficient packaging solutions like air cushions.

Market Dynamics

Technology Advancements and Enhancements

Air cushion packaging is expected to be driven by new technology advancements, like self-adjusting cushioning solutions, eco-friendly cushions. Also machine technologies are the key players in revolutionizing air cushion packaging, such as pneumatic systems, bumpers and air cushioning for higher loads and speeds to prevent premature damage.

Furthermore, companies are focusing on advancing towards eco-friendly technology, for instance, Sealed Air has introduced a novel range of Bubble Wrap protective packaging that integrates recycled plastic waste. The brand's new offerings, the Bubble Wrap brand AirCap LRT and Bubble Wrap IB Recycled Content Films, stand out for their incorporation of 30% or 50% recycled plastic material.

Environmental Benefits

The air-cushion packaging industry is experiencing significant growth, expected to be driven by eco-friendly developments which offer the benefits of reuse and recycling in comparison to other packaging materials. The packaging industry is on the technology revolution path for eco-friendly advancement to reduce environmental concerns, which is also driving the technology advancements in air cushion packaging production.

Moreover, Pregis, a Netherlands-based company introduced Renew Zero, a carbon-neutral air-cushioning film. This innovative film is designed to safeguard products during distribution while prioritizing environmental responsibility

Global Trade Impact

The air cushion packaging market growth can be restricted with the downfall in the worldwide trading sector, which is affected due to the Russia-Ukraine conflict and geopolitical relations and also some sectors have still not fully recovered from the pandemic. The trading sector also impacts worldwide e-commerce which plays a major role in the growth of the packaging industry.

Furthermore, according to the United Nations Conference on Trade and Development (UNCTAD), in the second quarter of 2023 points, there is an anticipated deceleration in global trade growth. This downfall is due to recent downgrades in world economic forecasts, persistent inflation, financial vulnerabilities, the ongoing conflict in Ukraine, and geopolitical tensions.

COVID-19 Impact Analysis

The COVID-19 pandemic had a significant impact on the air cushion packaging industry, which underwent a substantial transformation due to the far-reaching effects of the COVID-19 pandemic. The supply chain disruption due to restriction due to lockdown restrictions, hampered goods trading have majorly impacted the packaging industry.

Furthermore, the air cushion packaging industry also observed a significant surge in demand due to increased online shopping. Moreover the e-commerce industry experienced a notable surge, fostering a heightened requirement for protective packaging remedies that guarantee the security of merchandise during transportation.

Russia- Ukraine War Impact

The Russia-Ukraine war indirectly impacted the global air cushion packaging market due to increased inflation, and trade disruption. The conflict disrupted commodities production which resulted in the surge in prices rippled through supply chains, impacting the cost of raw materials, production, and transportation.

Furthermore, the ongoing geopolitical tensions encompassing Russia, China, and Western countries could impact worldwide commodity prices and stimulate increased recycling efforts as access to essential raw materials becomes limited.

Segment Analysis

The global air cushion packaging market is segmented based on type, material, application, end-user and region.

E-commerce Growth

The e-commerce industry is expected to hold the largest market share in the end-user segment for the air cushion packaging market, driven by an increase in online shopping trends and e-commerce especially in electronic goods worldwide. Air cushion packaging offers a versatile solution that adapts to a wide range of product shapes and sizes, efficiently safeguarding a diverse range of products during transit.

Furthermore, the lightweight nature of these cushions reduces shipping costs, a crucial factor considering that shipping charges often depend on package weight and dimension. Also in the first quarter of 2023, the growth in e-commerce is expected to rise by more than 50% from the last quarter which sequentially provides more opportunities in the packaging sector.

Geographical Analysis

North America's growth in Air Cushion Packaging Industry

North America is one of the fastest-growing markets in air cushion packaging, driven by the growing e-commerce and online shopping industry. Countries like the U.S. and Canada are much more focused towards environmental concerns which encourage the packaging industry towards the development of more eco-friendly technology, and air cushion packaging provides more environmental benefits in comparison to other options.

Furthermore, in the region, the air cushion packaging sector is expected to grow with a good CAGR in the forecast period with the surge in e-commerce activities, resulting in increased demand for efficient and secure transit solutions. Also, the adoption of online shopping apps for ordering food and beverages in the U.S. has further fueled the need for reliable packaging like air cushions.

Competitive Landscape

The major global players include: Abriso-Jiffy, Airfil Protective Packaging Ltd., AirWave Packaging LLC, Fillezy., Intertape Polymer Group Inc., Pregis LLC, Sealed Air Corp., Smurfit Kappa Group Plc, and Storopack Hans Reichenecker GmbH.

Why Purchase the Report?

• To visualize the global air cushion packaging market segmentation based on the type, material, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-Development.
• Excel data sheet with numerous data points of air cushion packaging market-Level with all segments.
• The PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Air cushion packaging available as Excel consisting of key products of all the major players.

The global air cushion packaging market report would provide approximately 69 tables, 73 figures and 184 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies