As per the research conducted by future market insights, during the forecasted period, the global inflatable bag market is projected to reach the valuation of USD 166.2 million in 2023 and is anticipated to expand with a CAGR of 4.7% to reach the valuation of USD 263.1 million by the year 2033. The sales of Inflatable bags packaging are anticipated to boost with the top 3 countries estimated to hold 40%-45% of the market by the end of 2023.
The increased need to protect the product during the transportation fuel the demand for void filling. The void filling segment is projected to grow 1.9 time the current market value during the forecast period.
| Attributes | Details |
|---|---|
| Market Size 2023 | USD 166.2 million |
| Market Size 2033 | USD 263.1 million |
| Value CAGR (2023 to 2033) | 4.7% |
| Collective Value Share: Top 5 Companies (2022A) | 15%-20% |
With the surge in demand for secure and lightweight packaging, the manufacturers are experiencing the remarkable demand from the industry players for storing and shipping variety of industrial goods. The global inflatable bags packaging market is estimated to reach USD 263.1 million by 2033, increasing at a CAGR of 4.7% throughout the forecast period.
The inflatable bags packaging market is expected to experience a lucrative growth outlook during the forecast period. A new estimation predicts that inflatable bags packaging sales will rise during 2023 to 2033 and is projected to generate an attractive incremental growth opportunity of USD 103.9 million.
The global inflatable bags packaging market is on the verge of product development as industry players are demanding for customized protective packaging solutions which is further driving the market growth. The inflatable bags packaging market is predicted to expand 1.7 times the current market value during the forecast period.
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The global inflatable bags packaging market witnessed a CAGR of 4.3% during the historic period with a market value of USD 159.2 million in 2022.
Inflatable bags are a type of packaging or cushioning material that can be filled with air to provide protection to delicate or sensitive items during shipping, handling or storage. They are usually made of a flexible, air-tight material such as plastic or paper and are designed to be easily inflated using a pump or by mouth. Once filled, they conform to the shape of the item they are protecting and provide a cushion against impact, shock, and vibration. Inflatable bags are commonly used for packaging items such as electronic devices, fragile glassware, and furniture. They are lightweight, cost-effective, and take up minimal storage space when not in use. . Inflatable bag packaging ensures the safety of the product by providing a durable shipping solution for delicate product such as electronic gadgets, fragile items, and other items, rising demand in the trade of various products is the major factor driving the demand for inflatable bags packaging.
The surge in e-commerce and shipping activities have fuelled up the production, sales, and demand for inflatable bags packaging for safe and secure packaging and shipments of goods. Shifting the inclination of end-use industry players toward such sustainable yet affordable packing solutions is driving market growth significantly. The rise in demand for electronics goods is projected to increase the demand for inflatable packaging to ensure the secure and safe delivery of the product to customers. Inflatable bags packaging help in decreasing the gross weight of the packaging, thereby resulting in decreased warehousing cost. Also, the reduced weight of inflatable bags packaging caters in reducing the carbon traces. Overall, the global inflatable bag packaging market is projected to gain upward trend during the projected period.
In the current market scenario shipping goods on time with the ultimate protection is the major challenge faced by the organization and e-commerce companies. From industrial goods to several food and non-food items, this product requires precise packaging solutions.
Inflatable bags packaging are predominantly used in several industries for transporting goods for a long and short distances. Inflatable bags packaging are available in various shapes and sizes used for supporting, storing, and shipping various kinds of fragile and non-fragile goods. This property of inflatable bags allows faster movement of goods.
Goods and Ppoducts are often damaged during shipping due to a lack of proper packaging solutions. The rise in the adoption of inflatable bag packaging for handling the transportation and storage of various goods is growing rapidly across the continent. All these factors are expected to increase the popularity of inflatable bag packaging among manufacturer.
Inflatable bags packaging is becoming more and more common option compared to the other forms of protective packaging solutions. One of the prime reason for the faster adoption of inflatable bags is sales of goods through online channel. Compared to the conventional packaging, inflatable bags are tougher and offers better protection for the goods during shipping and handling.
Moreover, compared to other protective packaging solution, inflatable bags are lighter in weight and occupies less space, making the shipping cost economical. The demand for sustainable packaging options as the measure to reduce the shipping cost on wasteful packaging are two major reasons for the growth of inflatable bag packaging market.
The plastic material segment is anticipated to hold nearly 64% of the market value share by the end of the forecast period.
The easy availability, lightweight structure, low production cost, and outstanding packing outlook are among few factors that led inflatable bags packaging manufacturers to opt for plastic as the material for the production of inflatable bags packaging with recurring demand from the manufacturer as well as end-user.
The electrical & electronics segment is expected to generate high demand for the inflatable bags packaging. The electrical & electronics segment is projected to expand 1.6 times during forecast period. Increased demand in online sales of electronic gadgets through e-commerce channels and other digital retail activities is one of the key reasons for the rise in demand for inflatable bags packaging in electrical & electronics sector. Consumer preferences have increased towards electronic goods due to improving lifestyles and an increase in disposable income. The demand for inflatable bags packaging in the electronics industry has increased with the high requirement for proper handling of electronic items.
| Country | USA |
|---|---|
| Market Share (in 2023) | 23.5% |
| Market Share (in 2033) | 23.0% |
| Basis Points (BPS) Analysis | -50 |
| Country | China |
|---|---|
| Market Share (in 2023) | 13.4% |
| Market Share (in 2033) | 15.2% |
| Basis Points (BPS) Analysis | +180 |
| Country | Germany |
|---|---|
| Market Share (in 2023) | 5.6% |
| Market Share (in 2033) | 4.7% |
| Basis Points (BPS) Analysis | -90 |
| Country | India |
|---|---|
| Market Share (in 2023) | 5.2% |
| Market Share (in 2033) | 6.7% |
| Basis Points (BPS) Analysis | +150 |
| Country | France |
|---|---|
| Market Share (in 2023) | 3.3% |
| Market Share (in 2033) | 3.0% |
| Basis Points (BPS) Analysis | -30 |
As per FMI analysis, India is projected to account for nearly 46% of market share of the South Asia inflatable bags packaging market by the end of 2023. According to the Ministry of Commerce and Industry, India accounts for around 20% of the share in the global pharmaceutical export and it contributes around 60% of the global vaccines. The manufactured vaccines are stored in the glass vial as the primary packing and shipped around. The glass been fragile in nature needs safer and secure protective packaging solution. Inflatable bags packaging is considered as the one of the protective packaging solution for the pharmaceuticals products.
The USA inflatable bags packaging is projected to register a CAGR of 3.5% during the forecast period. According to the Federal Reserve Economic Data , USA recorded the sales of USD 693.1 billion in 2017, which drastically changed to USD 1,021.72 billion in 2022. Rise in the demand for food and beverage, the industry does not have any standard packing for protection. Especially in alcoholic beverages, the bottles do not has the regular size or shape as the bottle are made up of glass they need a proper protective packaging solution. The inflatable bags packaging can be fitted in any type of surface as they provide cushioning effect to the goods. Considering the consumption of the beverage in USA the shipping of the beverage can be done safely and securely using inflatable bags packaging.
The major players in the inflatable bags packaging market confronted a decrease in sales and market share during the pandemic. As of now, the key part of the market is acquiring market share by developing new items in the inflatable bags packaging market. Recent development executed by the main player in the inflatable bags packaging market:
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.7% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2017 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion, Volume in Tonnes, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Material, Application, End Use, Region |
| Regions Covered | North America; Latin America; East Asia; South Asia & Pacific; Western Europe; Eastern Europe; Central Asia; Russia & Belarus; Baltic Countries; Balkan Countries; Middle east & Africa (MEA) |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, United Kingdom, France, Italy, Spain, Japan, India, Australia & New Zealand |
| Key Companies Profiled | Sealed Air Corporation; StoroPack HANS REICHENECKER GMBH; Pregis Corporation; Sutton Performance Packaging; Uniqbag; Fromm Packaging Systems Inc; Macfarlane Group United Kingdom ltd; Veritiv Corporation; IVEX Protective Packaging Inc; Intertape Polymer Group Inc; Bubl Packaging; Inflatable Packaging; Packaging Corporation of America; Aeris Protective Packaging; Springpack; IG Industrial Plastics, LLC; Southern Packaging, LP; Unite Land; Air Paq B.V.; Aerocell |
| Customization & Pricing | Available upon Request |
In 2022, the market size of the global inflatable bags packaging market was USD 159.2 million
The global inflatable bags packaging market is anticipated to reach USD 166.2 million in 2023.
The global inflatable bags packaging market valuation is expected to reach USD 263.1 million in 2033.
The projected CAGR for the global inflatable bags packaging market from 2023 to 2033 is 4.7%
The plastic inflatable bags packaging segment is expected to garner a significant value share by 2023.
The void filling segment of the global inflatable bags packaging market is predicted to expand rapidly between 2023 and 2033.
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