Air Cushion Packaging Market Size to Grow by $ 1.25 bn During 2021-2025
Technavio has been monitoring the air cushion packaging market and it is expected to grow by $ 1.25 bn, accelerating at a CAGR of almost 8% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Air Cushion Packaging Market: APAC to lead market growth during the forecast period
- 34% of the market growth will originate from APAC during the forecast period.
- will be a key trend that will influence market growth significantly.
- The Increase in demand for secondary packaging will be a significant factor in driving the growth of the air cushion packaging market.
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Air Cushion Packaging Market: Key Competitors
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3G Packaging Corp., 3M Co., Airfil Protective Packaging Ltd., AirWave Packaging LLC, Atlantic Corp., Intertape Polymer Group Inc., Pregis LLC, Sealed Air Corp., Smurfit Kappa Group Plc, and Storopack Hans Reichenecker GmbH are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Air Cushion Packaging Market: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive air cushion packaging market growth during the next five years
- Precise estimation of the air cushion packaging market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the air cushion packaging market industry across APAC, North America, Europe, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of air cushion packaging market vendors
The report provides insights into the following FAQs:
- What is the market CAGR?
The market is accelerate at a CAGR of over 8%.
- What is the incremental growth of the market?
The market is expected to grow by $ 1.25 bn through 2021-2025.
- What is a key factor driving this market?
Increase in demand for secondary packaging will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market:
34% growth will originate from APAC
- Who are the leading market vendors?
The leading vendors in this market are 3G Packaging Corp., 3M Co., Airfil Protective Packaging Ltd., AirWave Packaging LLC, Atlantic Corp., Intertape Polymer Group Inc., Pregis LLC, Sealed Air Corp., Smurfit Kappa Group Plc, and Storopack Hans Reichenecker GmbH
- What are the market segments covered in this report?
The market is segmented by End-user (Consumer goods, Food and beverages, Electronics, Personal care and household, and Pharmaceutical) and Geography (APAC, North America, Europe, South America, and MEA)