Void Fill Packaging Systems Market to Gaining Traction Amid Growing Demand from Transport and Logistics Industries
The global void fill packaging systems is estimated at US$ 150 Million in 2022 and is forecasted to reach US$ 250 Million by the end of the forecast period, skyrocketing at a CAGR of 5.2%. Protective packaging is becoming more popular in order to ensure that packages arrive safely. The transport and logistics industries are projected to provide attractive prospects in the void fill systems market.
Secondary packaging solutions include void fills. The void fill packing is used to fill vacant space in the box to prevent the goods within the container from shifting and moving during transit.
The equipment that manufactures void fill packaging such as loose fill peanuts, void fill chips, inflatable air bags, and so on are known as void fill packaging systems. Air pad machines, bubble wrap machines, air cushioning machines, and other void fill packaging technologies are examples. The market for void fill packaging systems is being driven by rising e-commerce packaging demand.
Product handling is an important component that logistics service providers address to guarantee that things arrive at their destination without damage or compromise in quality. As a result, protective packaging solutions have become increasingly important.
Global trade has changed dramatically during the previous few decades. Modern trading procedures have resulted in a radical shift in the way things are traded. The worldwide void-fill packaging market is likely to expand as contemporary trade becomes more prevalent. The rise of e-commerce platforms such as Amazon and Flipkart has fueled demand for void-fill packaging systems.
North America is predicted to lead the worldwide void-fill packaging systems market, closely followed by APEJ. This is due to the enormous amount of trade in these regions, as well as the APEJ region's increased penetration of contemporary trade and e-commerce practices. The governments of rising economies, particularly China and India, have made significant efforts to raise their trade volume, enhancing the APEJ region's trading capabilities.
As a result, the APEJ void-fill packaging systems market is expected to surpass that of the North American region by the early years of the following decade.
Crawford packaging, Fromm Airpad Systems, Sealed Air Corporation, Quantum Trading Enterprises Pty Ltd., GTI Industries, Inc., Storopack Hans Reichenecker GmbH, Rajapack Ltd., and Automated Packaging Systems are some of the market participants. Many additional small and local businesses are projected to contribute to the worldwide market for void fill packaging systems.
Void fills are used as the secondary packaging solutions. The void fill packaging is used to fill open space in the package to resist shifting and moving of the product inside the package during transportation. The void fill packaging systems are the machines which produce the void fill packaging such as loose fill peanuts, void fill chips, inflatable air bags, etc.
Void fill packaging systems are characterized as air pad machines, bubble wrap machines, air cushioning machines, etc. Increasing demand from e-commerce packaging drives the market for void fill packaging systems. The trend for protective packaging is increasing in order to safely transit the package. The void fill systems market is expected to have lucrative opportunities from the transport and logistics industry.
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Data Points |
Key Statistics |
|
Estimated Value of Global Void Fill Packaging Systems Market by 2022 |
US$ 150 Million |
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Documented Market Value of Void Fill Packaging Systems Market in 2032 |
US$ 250 Million |
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Estimated CAGR from 2022-2032 |
5.2% |
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The market for void fill packaging systems is expected to grow during the forecast period due to several reasons. The demand for void fill packaging systems is rising with the increase in the demand for void fill packaging solutions. The void fill packaging is used to fill the open space left after putting the product. Void fill packaging is used as secondary packaging for protecting the product from shifting and moving of the product inside the package.
Preference for void-fill packaging products is attributed to a need to ensure product safety during transit. Modern trade has a tremendous impact on the logistics sector, across the globe, and has ultimately boosted growth in demand for packaging solutions such as void fill packaging products. Void fill packaging systems produce various products such as loose fill peanuts, paper cushions, etc.
which provides employment across the packaging industry for goods delivery. However, the growth of global market for global void-fill packaging systems is solely dependent on packaging solutions used for protective packaging.
Void-fill packaging is also used to ensure that products reach their destination, intact, for an amazing first impression. These are the factors which might fuel the growth of the global void fill packaging systems over the forecast period.
Geographically, the global void fill packaging systems market has been segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Middle East & Africa and Japan.
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Some of the players in the global void fill packaging systems market are Crawford packaging, Fromm Airpad Systems, Sealed Air Corporation, Quantum Trading Enterprises Pty Ltd., GTI Industries, Inc., Storopack Hans Reichenecker GmbH, Rajapack Ltd., and Automated Packaging Systems. Many other small sized and local players are expected to contribute to the global void fill packaging systems market.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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The 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 provides in-depth analysis of parent market trends, macro-economic 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.
The global market for void fill packaging systems is segmented on the basis of product type, on the basis of type of void fills, and on the basis of end use industry.
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Void Fill Packaging Systems Market
