The global reflective air packaging market is anticipated to accumulate a market value of USD 7.7 billion in 2023 and is expected to garner a valuation of USD 14 billion by exhibiting a CAGR of 6.1% in the forecast period 2023 to 2033. The Reflective Air Packaging market reflected a 4.8% CAGR in the historical period 2018 to 2022.
Reflective air packaging features various qualities like resilience, durability, relative clarity, and others. Moreover, burgeoning demand for flexible air packaging in furniture is another factor expected to create the need for reflective packaging during the forecast period.
The e-commerce industry is propelling reflective packaging demand from past years as it widely used in packaging of electronics and other products. This high growth in the e-commerce market will most likely increase the air packaging demand during the forecast period.
Region-wise Asia Pacific is expected to growth with the fastest CAGR of 6% during the forecast period. With the rising awareness among the population for protective packaging and increasing government efforts regarding adoption of eco-friendly and sustainable packaging across the developing nations like China and India are anticipated to drive market growth in this region. Moreover, flourishing e-commerce industry in this region is boosting the demand for reflective packaging solutions.
India is witnessing growth in sustainable packaging solutions like reflective packaging because of the increasing packaged food consumption and demand for electronics products. It is anticipated to be continued by the rise in home deliveries for grocery purchases and other home care products across the country. Companies in this region are focusing on product innovations, marketing strategies, and service offerings to cater to the evolving needs of consumers.
Food packaging companies are on a lookout for packaging materials that support longer shelf-life. This trend is expected to fuel the demand for reflective air bags packaging during the forecast period.
North America is expected to dominate the market by accumulating more than 38% market share by end of the forecast period. The growth in this region is driven by strong presence of packaging giants, technological advancements, booming e-commerce, growing focus towards recyclable packaging solutions, and increasing consumer spending on daily use products.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | USD 7.7 billion |
| Projected Market Value in 2033 | USD 14 billion |
| Growth Rate (2023 to 2033) | 6.1% CAGR |
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Recent developments and breakthroughs in technology, mergers, acquisitions, tie-ups, and partnerships within the companies involved in manufacturing reflective air packaging solutions are expected to create lucrative opportunities for market growth during the forecast period.
Reflective air packaging is done to protect a product from exterior environment, sunlight and moisture, and also keep to it safe. Aluminium is the most preferred material for reflective air packaging due to its high resistivity against moisture and heat. It can be used as a secondary packaging inside a carton or on its own.
It is often used as secondary packaging inside a paperboard container to ensure double safety and also keep the temperature in check. It also maintains insulation and allows packed products to stay in the same condition and temperature.
This not only maintains the integrity of the product but also increases their shelf life. It is one of the best choices for shipping perishable items. Reflective air packaging provides strength and enables the load-bearing capacity of the packaging.
Reflective air packaging is preferred due factors like re-usability and recyclability, waterproof and leak-proof and its biodegradable nature. It could also be used to ship chilled or frozen products from one place to another without damaging the products.
Reflective air packaging traps air inside the package and creates insulation through light reflection and emissivity. Reflective air packaging comes in different sizes. It also provides a lining to the packaging which is shock-damage proof.
Due to hectic lifestyle, people these days prefer shopping online. Booming demand in e-commerce sector can have profuse impact on reflective air packaging. It eases the distribution journey and delivers the products with utmost care to the customers. Due to outbreak of COVID-19, online shopping and deliveries have subsequently increased, giving rise to demand of reflective air packaging market.
Reflective air packaging has various functions like wrapping, insulating, blocking and bracing and also cushioning the packed product. It is light-weighted and hence reduces flight costs. Reflective air packaging market is expected to boom in the forecasted period due to its usage in many industries.
The various end uses of reflective air packaging could be in sectors like food and beverages, pharmaceutical and biotech, household appliances, automotive and others. However, stringent regulations and government laws can pose a threat to reflective air packaging.
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Reflective air packaging market has been evaluated based on sales growth and value across different regions that include Asia Pacific, Latin, and North America, Oceania, Europe, and the Middle East and Africa.
North America holds the highest share of production of reflective air packaging in the world. North America and Europe will dominate the reflective air packaging market due to its large shipping market and high spending population in the areas.
However, due to the presence of developed markets, growth of reflective air packaging in these areas is usual. Europe and the Asia Pacific, on the other hand hold high potential for growth in the reflective air packaging market. However, the Middle East and African markets are expected to observe slow but steady growth compared to other regions in the world.
Reflective air packaging market has many significant players. Some of the key players are listed below:
The Reflective air packaging market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain.
The report on reflective air packaging market provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies of the reflective air packaging market.
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Reflective air packaging market is classified on the basis of type, material, function and end use industry:
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Type 6.2. Material 6.3. Function 6.4. End Use Industry 7. Global Market Analysis and Forecast, By Type 7.1. Flexible 7.2. Foam 7.3. Rigid 8. Global Market Analysis and Forecast, By Material 8.1. Paper & Paperboard 8.2. Plastic Foams 8.3. Plastic 8.4. Others 9. Global Market Analysis and Forecast, By Function 9.1. Wrapping 9.2. Insulation 9.3. Blocking and Bracing 9.4. Cushioning 10. Global Market Analysis and Forecast, By End Use Industry 10.1. Food and Beverages 10.2. Pharmaceutical and Biotech 10.3. Household appliances 10.4. Automotive 10.5. Others 11. Global Market Analysis and Forecast, By Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. Eastern Europe 11.5. East Asia 11.6. South Asia 11.7. Middle East & Africa (MEA) 12. North America Sales Analysis and Forecast, by Key Segments and Countries 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries 14. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 15. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries 17. South Asia Sales Analysis and Forecast, by Key Segments and Countries 18. Middle East & Africa (MEA) Sales Analysis and Forecast, by Key Segments and Countries 19. Sales Forecast by Type, Material, Function, and End Use Industry for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. HydroPac 21.2. Sonoco Products Company 21.3. Huhtamaki OYJ 21.4. Chilled Packaging 21.5. Platinum Polypack 21.6. Deutsche Post DHL 21.7. E. I. Du Pont De Nemours and Co. 21.8. Amcor Limited 21.9. Pregis Corporation 21.10. Pro-Pac Packaging 21.11. Storopack Hans Reichenecker 21.12. DS Smith
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Reflective Air Packaging Market
