Packaging has become a vital component of modern life due to the ease of transportation, storage and inclination of the consumer towards a wide usage of bags. Moreover, food products, health supplements and electronic components are some of the things that have observed improvements regarding demand over the last few years and are more easily available due to an effective packaging solution. Air bubble bags are one of the effective packaging solutions that provides all the features related to high performance during transportation & storage and provide moisture, corrosion and shielding protection for sensitive products and components. In the absence of any major economic crunch, sales in key markets such as the US, China, Japan and France are expected to rise steadily over 2017-2027.
Air Bubble Bags Market- Market Segmentation:
Air bubble bags market are segmented into by material type, closure type, by end use and by region. On the basis of material type, the air bubble bag market is segmented into plastic, aluminum foil, paper and paperboard. We can further categorized plastic and paper segment into polyethylene (PE), polyvinylidene chloride (PVDC), polypropylene (PP), polyvinylchloride (PVC), polyester (PET), polyamide (PA), Kraft paper, and others. On the basis of closure type the global air bubble bag market can be segmented into slider, zipper and slider-zipper type. On the basis of end use, air bubble bags market can be segmented into food industry, pharmaceutical industry, gifts, mailing, garbage use, industrial goods, automotive products, electronics and others.On the basis of region, we have segmented air bubble bags market into, North America, Latin America, Europe, Asia-Pacific and the Middle East & Africa.
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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. Furthermore, the rise in the usage of the electronic component in the key industrial sectors is another factor contributing towards the growth of air bubble bags market. However, government regulation towards the use of plastic is expected to hamper the growth of air bubble bags market. Moreover, the high cost of air bubble bag packaging is considered as another restraining factor towards the growth of air bubble bags market. Furthermore, the usage of heat seal bags is expected to hinder the growth of air bubble bags market due to its non-reusable nature.
Air Bubble Bags Market – Regional Outlook:
Geographically, the air bubble bags market can be segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and Middle East & Africa (MEA). The growth of global air bubble bags market is expected to witness a healthy CAGR over the forecast period of 2017-2027. Moreover, Asia-Pacific is expected to witness a high growth of air bubble bags market due to the rising consumption of food products. The demand of the air bubble bags market is expected to witness an above average growth in North America due to the higher adoption of air bubble bags for commercial and industrial use.
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Air Bubble Bags Market – Major Players:
Some of the major players identified across the globe in the air bubble bags market are 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., Shenzhen Rishanhong Plastic Packaging Products Co., Ltd. etc.
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