Inflatable Bags Packaging Market

Inflatable Bags Packaging Market Snapshot

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 US$ 166.2 million in 2023 and is anticipated to expand with a CAGR of 4.7% to reach the valuation of US$ 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	US$ 166.2 million
Market Size 2033	US$ 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 US$ 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 US$ 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.

Historic Outlook for Inflatable Bags Packaging Market

The global inflatable bags packaging market witnessed a CAGR of 4.3% during the historic period with a market value of US$ 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.

How Surge in the Need for Faster Movement of Goods Supplements the Sale of Inflatable Bags Packaging?

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.

Why the Market Adoption Rate for Inflatable Bags Packaging in Faster than Other Protective Packaging Solutions?

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.

Comparative View of Adjacent Inflatable Bags Packaging

Inflatable Bags Packaging Market:

Attributes	Inflatable Bags Packaging Market
CAGR (2023 to 2033)	4.7%
Market Value (2023)	US$ 166.2 million
Growth Factor	Augmenting sales across the online retail channel is one of the important driving factors that is propelling demand for the inflatable bags packaging market.
Key Trend	Increasing awareness about the benefits of inflatable bags.

Bubble Wrap Packaging Market:

Attributes	Bubble Wrap Packaging Market
CAGR (2023 to 2033)	3.8%
Market Value (2023)	US$ 3.2 billion
Growth Factor	The increasing popularity of safe packaging solutions in the consumer goods industry propel the demand for bubble wrap packaging.
Key Trend	Distinctive functionality of I-bubble wrap packaging to take the pie.

Dunnage Packaging Market:

Attributes	Dunnage Packaging Market
CAGR (2023 to 2033)	5.8%
Market Value (2023)	US$ 4.2 billion
Growth Factor	The rising popularity of e-commerce and surging demand for lightweight packs are likely to augment the growth.
Key Trend	The availability of eco-friendly dunnage air bags drive the growth for dunnage packaging.

Category-wise Insights

Why plastic will remain the most widely used material for manufacturing inflatable bags?

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.

Which End Use Segment Generate High Demand for the Inflatable Bags Packaging?

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-Wise Insights

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

How the Indian Pharmaceutical Industry will Contribute towards the Growth of Inflatable Bag Packaging Market?

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.

How the Expanding Food & Beverage Sector in the USA Propel the Sales of Inflatable Bags Packaging?

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 US$ 693.1 billion in 2017, which drastically changed to US$ 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.

Competitive landscape

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:

• In August 2022, Storopack HANS REICHENECKER GMBH launched the range of eco-friendly inflatable bag packaging brand named under airplus to increase its focus on sustainability.
• In May 2021, Fromm Pack introduced an innovative smart fill system. Smart fill encapsulates two functions first it measures the void space in the container, secondly, it dispenses an adequate amount of inflatable bags to fill the void space.

Scope of the Report

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

Inflatable Bags Packaging Market

By Material, Inflatable Bags Packaging Market is Segmented as:

• Plastic
• Paper

By Application, Inflatable Bags Packaging Market is Segmented as:

• Wrapping
• Void Filling
• Block & Bracing

By End Use Industry, Inflatable Bags Packaging Market is Segmented as:

• Food & Beverage
• Cosmetics & Personal Care
• Pharmaceuticals
• Electricals & Electronics
• E-commerce
• Other Consumer Goods

By Region, Inflatable Bags Packaging Market is Segmented as:

• North America
• Latin America
• East Asia
• South Asia & Pacific
• Western Europe
• Eastern Europe
• Central Asia
• Russia & Belarus
• Balkan Countries
• Baltic Countries
• Middle East and Africa (MEA)

Frequently Asked Questions

What was the global inflatable bags packaging market size reported by FMI for 2022?

In 2022, the market size of the global inflatable bags packaging market was US$ 159.2 million

What is the inflatable bags packaging market estimated to reach in 2023?

The global inflatable bags packaging market is anticipated to reach US$ 166.2 million in 2023.

What is the global inflatable bags packaging market valuation expected for 2033?

The global inflatable bags packaging market valuation is expected to reach US$ 263.1 million in 2033.

What is the projected CAGR for the global inflatable bags packaging market from 2023 to 2033?

The projected CAGR for the global inflatable bags packaging market from 2023 to 2033 is 4.7%

Which material segment will garner significant value share by 2023?

The plastic inflatable bags packaging segment is expected to garner a significant value share by 2023.

Which application segment is predicted to expand rapidly between 2023 and 2033?

The void filling segment of the global inflatable bags packaging market is predicted to expand rapidly between 2023 and 2033.