A Look at The Global Inflatable Packaging Market

| November 21, 2017

The global inflatable packaging market is highly fragmented with a few dominant players that collectively hold a small share in the market, states Transparency Market Research (TMR; transparencymarketresearch.com) in a new report. Large players are increasingly collaborating with small ones to expand their service capabilities and product portfolio, which is helping to make the business landscape somewhat consolidated.

The TMR report estimates the global inflatable packaging market to register a CAGR of 6.0% between 2017 and 2025. At this pace, the market which stood at a valuation of US$1.95 billion in 2016 will become worth US$3.1 billion by the end of 2025.

Among the key material type segments, PE segment dominates with a little more than 50% share vis-à-vis revenue in the global inflatable packaging market. The LDPE sub-segment of PE material type segment is anticipated to rise at a healthy CAGR of over 6.8% by value between 2017 and 2025. In terms of packaging type, bubble wraps accounts for more than two third of market share by value. Geography-wise, Asia Pacific is expected to emerge lucrative registering the leading CAGR of 8.6% over the 2017-2025 forecast period.

Attributes of High Protection of Fragile Goods against Shocks Favors Adoption

The exponential growth of the global protective packaging market which is estimated to be worth more than US$20 billion is having a positive impact on the global inflatable packaging market. Inflatable packaging is a type of flexible packaging solution that is used to stabilize and secure products during transit. Inflatable packaging is preferred by product manufacturers, retailers, and logistics service providers for attributes of high protection against shocks at relatively low cost. Apart from this, environment friendly characteristics of inflatable packaging over other bulkier alternatives such as paper cushioning and loose-fill peanuts is stoking growth of this market. In addition, the shock absorption capability of inflatable packaging provides a high level of protection which in unequalled to what is provided by other protective packaging solutions. Inflatable packaging is often considered superior to packaging manufactured of moulded pulp, corrugated paperboard, or moulded foam.

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