Air Bubble Bags Market

Air Bubble Bags Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Air Bubble Bags Market grew at a CAGR of 3.7% between 2017-2021 and is estimated to be US$ 947.3Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.5% and is expected to reach a valuation of US$ 1,471.1Mn by 2032 end.

One of the best methods for packing that provides outstanding performance during shipping and storage, as well as safeguarding delicate objects and components from moisture, corrosion, and shielding, is the use of air bubble bags.

The increase in transportation has made storage packaging a crucial element. Some commodities that have witnessed a growth in demand in recent years and are now more easily accessible due to an effective packing solution include food products, health supplements, and technology components.

Market Dynamic

GROWING USAGE OF AIR BUBBLE BAGS ACROSS VARIOUS END-USE INDUSTRIES TO WIDEN GROWTH PROSPECTS

In response to escalating urbanization and industrialization, the market for air bubble bags is evolving technologically. The global market for air bubble bags is projected to increase significantly due to the expanding use of air bubble bags in the food, beverage, and pharmaceutical industries.

Sales of air bubble bags are also fueled by their superior performance during storage and transit and their capacity to shield important components from moisture, corrosion, and rust. In terms of cost-effectiveness and material utilization, void-fill materials give the air bubble bag business a competitive edge over other fill materials. The rise of the air bubble bag sector is aided by the expanding popularity of modern retail among consumers globally due to its adaptability and increased disposable income.

STRICT GOVERNMENT LAWS AND REGULATIONS GOVERNING THE USAGE OF PLASTIC IMPEDE MARKET GROWTH

Even though there are several applications for air bubble bags, there are many obstacles to market growth. Alternative solutions like paper packaging may hamper the development of the air bubble bag industry.

In the upcoming year, it is anticipated that the government’s stringent laws and regulations limiting the use of plastic will impede the growth of the air bubble bags sector. Air bubble bag producers focus on creating distinctive and original products due to the ever-complicating laws and regulations.

In addition, it is thought that the high price of air bubble bag packaging will prevent the industry from growing. Additionally, it is anticipated that using heat seal bags will reduce the production of air bubbles.

THE INCREASED USE OF AIR BUBBLE BAGS IN THE FOOD AND BEVERAGE AND PHARMACEUTICAL INDUSTRIES IS CONSIDERABLY DRIVING MARKET EXPANSION

A crucial component of product distribution is Packaging. They assist in keeping the product safe while it is in storage and transport. Items are packaged in air bubble bags to prevent damage from elements like dampness or rust.

They are utilized in packaging various items, including food, electrical components, and dietary supplements. Rapid industrialization and urbanization increased disposable income, and technological advancements played a significant role in the market expansion for air bubble bags. The market is expanding significantly due to the rising usage of air bubble bags in the food, beverage, and pharmaceutical industries.

The air bubble bag uses less material and safeguards it from damage from the outside. These qualities make them a highly desired item on the market.

Market Segments Covered in Report

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 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

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Which is the leading end-use segment in the global air bubble bags market?

The largest market share is predicted to be held by electronics, followed by pharmaceuticals. The development of the world’s air bubble bag market will be fueled by ongoing R&D investments made by industry players in developing new electronic gadgets with more features. As a result of strong R&D spending and regional development to meet expanding consumer demand, electronics will increase. The industry has the fastest growth rates due to the introduction of new technology.

Throughout the anticipated period, market opportunities will be provided by quick technological advancements that cater to consumer demands. The industry trend of introducing MicroLED technology into televisions for high-resolution density would support market growth, boosting demand for the worldwide air bubble bags market.

Which is the most preferred closure type?

In primary Packaging, slider zippers are widely utilized. Slider zippers help to reinforce the main Packaging, which keeps and safeguards the contents of the box from contamination and damage. A small sliding component is used in slider technology to help in box opening and closing.

These packing slider zippers ensure that the contents of the container are completely sealed off from the environment and are lightweight. Plastic pouches and other types of Packaging have slider zippers inserted. The inclusion of a slider zipper enhances the package above forms. Slider zippers are useful for packing goods or objects that need to be accessed frequently.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• Due to the region’s expanding e-commerce and packaging sectors, Europe will provide tremendous growth opportunities to the air bubble bags market. Throughout the projection period, the need for air bubble bags is expected to grow steadily. The market for air bubble bags is increasing due to the rising demand for consumer goods. Europe accounts for 28.0% of the world market for air bubble bags.
• Due to the substantial production of air bubble bags in the region, North America was the largest market for air bubble bags. This trend is anticipated to last during the projection period. The need for air bubble bags is expected to grow due to the increased demand for them in industrial settings. North America holds a total of 24.2% of the global air bubble bag market.

Competition Analysis

The market is quite competitive because there are so many rivals.

The key developments in the Global Air Bubble Bags Market:

• In July 2022, to create a 100% recyclable thermoforming film for their meat and sausage products, Mondi collaborated with the Austrian meat producer Hütthaler. The film is a barrier to safeguarding the food and increasing shelf life. It is composed of a mono-material solution that can be recycled.
• In July 2022, the recently authorized US Tax and Trade Bureau (TTB) regulations are presently being met by recyclable polyethylene terephthalate (PET) liquor bottles supplied by Amcor Rigid Packaging (ARP). The new service from Amcor was developed to give customers the freedom and flexibility to investigate untapped markets while receiving customer feedback.

A list of some of the key suppliers present in the market are:

• Pregis LLC
• Intertape Polymer Group
• Sealed Air
• Smurfit Kappa
• Mondi Group
• Jiffy Packaging Co.
• Barton Jones Packaging
• Abco Kovex
• Future Packaging
• iVEX Packaging
• Dongguan OK Packaging Manufacturing Co. Ltd.
• Desco Europe
• PH Flexible
• Makkipak Ltd.

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.