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The Global Air Cushion Packaging Market forecasts a CAGR of more than 5% during the forecast period 2021-2027. The growth of the air cushion packaging market will be fueled by the increasing demand for secondary packaging in the future. Packaging like this is often used by several industries, including the food, beverage, and cosmetic sectors, for protecting and assembling end-user products during storage. Thus, air cushions will become increasingly important for protecting packaging. As a flexible packaging solution, air cushions reduce the necessity of additional attachments while offering high flexibility in different packaging products. Air cushion packaging will continue to register significant growth in the future as a result of this.
The air cushion packaging provides the product with greater protection since the space between the product and its outer packaging is filled with air. As a consequence, the growth of the concerned market is driven primarily by the need for lightweight, small, and convenient packaging. Globally, the demand for cushion packing is increasing with the growth of the food and consumer goods industries.
Air cushions will continue to be in demand as packaging solutions that offer better transit safety to products by offers void filling, blocking, bracing functionality, and corner protection continues to grow in popularity. Moreover, these solutions have several benefits, including portability, lightweight, less storage space, and convenience, positively influencing market demand.
A growing market for biodegradable air cushions and increasing demand for sustainable packaging solutions are driving the business growth in the packaging market. Over the forecast period, the rising retail industry, modern retail practices, and retailers' efforts to improve the logistics and distribution efficiency will contribute to a growth in air cushion packaging in Asia-Pacific.
Many air cushion packaging machines come with fast-filling valves and auto-shutoffs that reduce the production time while maintaining a high safety rating. These air cushions consist of raw materials that are inflatable and deflatable on demand, making them more stackable than bubble wrap and requiring less storage space than other conventional solutions. Air cushion packaging solutions will continue to remain popular in the future due to their functionality advantages.
The Asia Pacific air cushion packaging market continues to dominate the global market after factors such as a shift in consumer behavior, e-commerce penetration, rising disposable incomes, and a further increase in consumer electronics consumption are expected to drive the product demand. Global market players are enhancing their product portfolios and expanding geographically to improve their market positioning. As the market grows, the Asia Pacific will provide substantial growth opportunities.
The favorable labor laws, government support, and easy access to raw materials in the east are attracting multinational companies from the west. Due to these factors, production costs are low, and prices for final products are less. These factors have also contributed to increasing online product sales, increasing the demand for safer packaging solutions, such as air cushions.
The North America air cushion packaging market will likely continue growing during the forecast period. Increasing e-commerce sales and consumers preferring safer and more convenient transit solutions appear to have contributed to this trend. Online shopping apps have been observed as the preferred method of ordering food and beverages in the U.S., thus causing an increase in demand for air cushion packaging.
Several key industry participants of the air cushion packaging market include Sealed Air Corp, Abriso N.V., Shandong Xinniu, Pregis, 3G Packaging Corp., and Atlantic Packaging. Investing heavily in expanding their operations and product development through innovative strategies such as mergers and acquisitions (M&A) and partnerships, these players are developing new products and entering new neighborhoods. As technology advances and vendors adapt to them, the future of this industry looks promising. In addition to the introduction of eco-friendly products, a focus on recyclability will open doors for growth.