Global air bubble bags market demand is expected to be valued at US$ 1,115.2 Million in 2022, rising at a CAGR of 4.2% to US$ 1,682.8 Million between 2022 and 2032. The rising usage of air bubble bags in the pharmaceutical, food, and beverage sectors is driving growth. Air bubble bags are one of the effective packing options that give all of the benefits associated with excellent performance during transit and storage while also protecting sensitive items and components from moisture, corrosion, and shielding.
Because of the rise in transportation, storage packaging has become a critical component. Food products, health supplements, and electronic components are just a few of the items that have seen an increase in demand in recent years and are now more readily available as a result of an efficient packing solution.
- Amcor Limited,
- Bemis Company Inc.,
- Berry Plastics,
- Sealed Air Corporation,
- Wipak Group,
- Mondi Group,
- Wenzhou Chuangjia Packing Material Co., Ltd.,
- Dongguan OK Packaging Manufacturing Co., Ltd.,
- Cangnan Kanghui Packaging Co., Ltd., and
- Shenzhen Rishanhong Plastic Packaging Products Co., Ltd.
are some of the key players in the global air bubble bags market.
Because of the large number of competitors, the market is extremely competitive. While global manufacturers such as Amcor Limited, Bemis Company Inc., Berry Plastics, Sealed Air Corporation, Wipak Group, and Mondi Group account for a sizable share of the market, various regional level firms are also active in key development regions, notably Asia Pacific
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Air Bubble Bags Market – Market Dynamics
Growth in demand for air bubble bags market is expected to grow strongly for several reasons. Due to speedy urbanization and industrialization the air bubble bags market is undergoing technological advancements.
Other than that rising use of air bubble bags in pharmaceutical, food and beverage industry is significantly fuelling this market. The fulfillment of online sales will be another driver of growth for air bubble bags market.
The other factors which are supporting in healthy expansions for products such as protective mailers, bubble packaging etc. Moreover, void-fill materials benefiting the air bubble bags market to gain advantages over other fill materials in terms of cost-effectiveness and less material usage.
Another important factor towards the growth of moisture barrier bags market is the increasing modern retail due to its vast adaptability and increasing disposable income among consumers globally. Another factor that is fueling the growth of air bubble bags market is the increasing demand for pharmaceutical product and medicine through e-commerce channel.
Air Bubble Bags Demand Analysis (2017 to 2021) Vs Market Outlook (2022 to 2032)
The global demand for air bubble bags is projected to increase at a CAGR of 4.2% during the forecast period between 2022 and 2032, reaching a total of US$ 1,682.8 Million in 2032, according to a report from Future Market Insights (FMI). From 2017 to 2021, sales witnessed significant growth, registering a CAGR of 3.3%.
Packaging is an important aspect of product distribution. They aid with the protection of the product during storage and transit. Air bubble bags are a form of packaging that is used to protect items from external harm such as moisture or rust.
They are used in the packaging of various things like as health supplements, food, and electrical components. The growth of the air bubble bags market is majorly determined by technological improvements, rising disposable income, and fast industrialization and urbanisation. The increased use of air bubble bags in the food and beverage and pharmaceutical industries is considerably driving market expansion.
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Key Segments Profiled in the Air Bubble Bags Industry Survey
Air Bubble Bags Market by Material:
- Plastic Air Bubble Bags
- Aluminum Foil Air Bubble Bags
- Paper Air Bubble Bags
- Paperboard Air Bubble Bags
Air Bubble Bags Market by Closure Type:
- Air Bubble Bags with Slider
- Air Bubble Bags with Zipper
- Air Bubble Bags with Slider-Zipper
Air Bubble Bags Market 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 Garbage Use
- Air Bubble Bags in Industrial Goods
- Air Bubble Bags in Automotive Product
- Air Bubble Bags in Electronics
- Air Bubble Bags for Other End Uses
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