The air cushion packaging market has steadily increased, with its size rising from $3.55 billion in 2023 to $3.84 billion in 2024 at a CAGR of 8.1%. This growth is primarily driven by the expansion of e-commerce, a focus on sustainable packaging, and a rising demand for protective packaging in the transportation of fragile goods. The market is anticipated to continue growing, reaching $5.26 billion by 2028 at a CAGR of 8.2%. Key drivers include efforts to minimize shipping costs and material waste, adoption across various industries beyond retail, and a shift towards lightweight, durable packaging materials. Trends during this forecast period will include custom-fit air cushion solutions, biodegradable materials, and automation in manufacturing.
Major Driver In The Air Cushion Packaging Market
The air cushion packaging market is anticipated to experience robust growth, driven by the rapid expansion of e-commerce. With increased internet usage and consumer preference for online shopping, air cushion packaging plays a crucial role in protecting products during transit while minimizing waste. The Census Bureau reported a 7.5% increase in e-commerce sales in Q4 2023 compared to the same period in 2022, highlighting the escalating demand for effective packaging solutions.
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Air Cushion Packaging Market Competitive Landscape
Amcor plc, Smurfit Kappa Group Plc, Associated Packaging, Veritiv Corporation, Sealed Air Corp., Intertape Polymer Group Inc., Pregis LLC, Storopack Hans Reichenecker GmbH, Shorr Packaging, Polyair, Atlantic Tape Packaging, iVEX Protective Packaging, Polycell International, FP International, 3G Packaging Corp., Airfil Protective Packaging Ltd., AirWave Packaging LLC, Jaineeket Enterprises, Springpack, Salazar Packaging, Macfarlane Group UK Ltd, DynaCorp, COMPAK
Key Air Cushion Packaging Market Trend
In the air cushion packaging sector, companies are focusing on cutting-edge technologies like air pillow systems and eco-friendly materials to improve logistics efficiency and product protection. In September 2022, DUNA-Corradini S.p.A. unveiled RIO, an air packaging solution made from 70% recycled and recyclable plastic. This product aims to minimize virgin plastic usage while ensuring high quality, thus simplifying disposal and promoting a fully recyclable packaging option.
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Air Cushion Packaging Market Segmentation
The air cushion packaging market covered in this report is segmented –
1) By Type: Void Filling, Block And Bracing, Wrapping, Corner Protection
2) By Form: Air Tubes, Air Bubble, Air Pillows, Air Bags
3) By Color: Green, White, Blue
4) By Application: Electronics, Consumer Goods, Cosmetic And Personal Care, Foods And Beverages, Pharmaceuticals, Other Applications
By Geography:The regions covered in the air cushion packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the air cushion packaging market in 2023.
The Air Cushion Packaging Global Market Report 2024 furnishes information about the global air cushion packaging market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
