Global Inflatable Packaging market, which is likely to amass revenue worth nearly 4.46(USD Billion) by 2026, will register a CAGR of nearly 6.3% during the period from 2020 to 2026.
The global Inflatable Packaging market, which is likely to amass revenue worth nearly 4.46(USD Billion) by 2026, will register a CAGR of nearly 6.3% during the period from 2020 to 2026. The report offers assessment and analysis of the Inflatable Packaging market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).
Inflatable packaging is utilized for protecting breakable items from shocks during transportation and hence is preferred by logistics service providers, wholesalers, manufacturers, and retailers. Eco-friendly nature of inflatable packaging and its light-weight property will push the growth of the inflatable packaging market over the ensuing years.
Market Growth Dynamics
Escalating demand for protective packaging services are anticipated to influence the growth of inflatable packaging market over the estimated timespan. This kind of packaging is efficient and offer high level of safety & security as well as stability to the products that are transported, thereby driving the market trends. Apparently, low product price has further boosted its demand in the recent years. Furthermore, growing awareness about inflatable packaging and rise in the online sales due to thriving ecommerce & digital retail activities will help the market gain momentum over the estimated timespan. Rise in the use of inflatable packaging in pharma and cosmetic sectors will further embellish the market expansion over the forecast timespan.
North American Market To Hit Scalable Heights of Growth By 2026
The growth of the market in North America over the forecast timespan is due to massive customer demand for secured product handling during transport in the countries like Canada and the U.S. Moreover, large-scale presence of reputed players in the region will further add towards the growth of the inflatable packaging industry in North America during the period from 2020 to 2026.
Key players profiled in the report and influencing the industry growth are Macfarlane Group plc, Smurfit Kappa Group, Uniqbag Lp., Automated Packaging Systems Inc., Sealed Air Corporation, Green Light Packaging Ltd., Inflatable Airpack, Aeris Protective Packaging Inc., Packaging Inc., Free-Flow Packaging International Inc., FROMM Packaging Systems Inc., Easypack Limited, A E Sutton Limited, and Polyair Inter Pack Inc.
The global inflatable packaging market is segmented as follows:
By Material Type
By Packaging Type
By End User
Escalating demand for protective packaging services are anticipated to influence the growth of inflatable packaging market over the estimated timespan.
The CAGR of the industry is expected to be nearly 6.3% during the forecast timespan.
North American region will contribute sizably towards the global market revenue over the estimated timeline.