North America is regarded as a very profitable market for air bubble bags, owing mostly to their use in the pharmaceutical and food sectors.
NEWARK, Del: The global air bubble bags market is estimated to amass a revenue of US$ 1,682.8 million in 2032 as opposed to US$ 1,115.2 million in 2022. The market is slated to expand at an average CAGR of 4.2% from 2022 to 2032. Surging utilization of air bubble bags in food and beverages, pharmaceutical, and other industries will augment the global sales of the air bubble bags market during the forecast period.
As air bubble bags are counted as one of the effective packaging options with superior performance during storage and transit. These bags offer strong protection and shield the products from moisture, damage, and corrosion. These aspects facilitate the growth of the market during 2022 and 2032
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Historically, the market witnessed a slow CAGR of 3.3% from 2017 to 2021. Since packaging is a vital part of product distribution, the future opportunities for the air bubble bags market are expected to be positive during the assessment period as they offer effective protection for the product. These bags find usage in different sectors such as the packaging of health supplements, food, electrical component, and many others. Rapid technological development witnessed across all industrial verticals, rising disposable income, swift industrialization, and urbanization are certain factors that further aid the growth of the air bubble bags market.
Air bubble bags use less material and offer enhanced protection from harmful external conditions to the products. These aspects boost the demand for air bubble bags. Further, expansion of the eCommerce industry and booming online orders also bolster market growth as air bubble bags are used to protect online purchases during transit and delivery. The market for air bubble bags is primarily driven by their increasing adoption across a variety of end-use industries. However, strict government laws regarding environmental protection and the use of plastics may dampen the market growth. High costs and availability of alternatives like heat seal bags further restrict the growth of the air bubble bags market.
Key Takeaways:
- North America will emerge as a highly remunerative pocket for the air bubble bags market.
- Heightened consumption of food products in Asia Pacific will push the region to account for the largest portion of the global market share.
- North America will grow faster than Asia Pacific due to the increasing use of these bags for commercial and industrial purposes in the US and Canada.
- Based on end-use, the electronics segment will generate high demand for the air bubble bags market.
- Based on the closure type, the slider zippers category will remain the popular choice.
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Competitive Landscape
Amcor Limited, Bemis Company Inc., Berry Plastics, Wipak Group, Mondi Group, and Sealed Air Corporation, among others, are some of the dominant players in the air bubble bags market profiled in the full version of the report. Significant players like the aforementioned enterprises account for a sizeable portion of the market.
In an extremely competitive environment, key market players are focusing on product innovation and development while launching novel products to expand their consumer base. These businesses also employ advanced technologies, and expansion strategies to gain a competitive edge. For instance, in July 2022, Sealed Air, known for BUBBLE WRAP, introduced BUBBLE WRAP brand paper bubble mailer, a fiber-based cushioned smiler that can be recycled in curbside bins.
More Insights Into Air Bubble Bags Market
In its latest report, FMI offers an unbiased analysis of the global air bubble bags market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. This report details a ten-year sales prospect and breaks down the drivers, restraints, opportunities, and segmentations of the market. For a comprehensive understanding of the global market potential, growth, and scope, the market is segmented on the basis of material type, closure type, end-use, and region.
According to the same reports, based on segmentation, the electronic industry will generate immense opportunities for the air bubble bags market during the assessment period. Constant launches of new electronic goods will aid the growth of this segment. In terms of closure type, the slider zippers segment will dominate the market as the product offers strong protection. Based on region, the air bubble bags market will present strong growth in North America. The target market in this region accounts for 24% of the global market share. The rapid development of the goods transportation sector amplifies the demand and adoption of air bubble bags across North America but particularly in the US. This aspect drives market growth in North America. Europe and Asia Pacific will also contribute to the global growth of the air bubble bags market during the projection period.
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Key Segments Profiled in the Air Bubble Bags Industry Survey
Air Bubble Bags Market by Material:
- Plastic Air Bubble Bags
- Aluminum Foil Air Bubble Bags
- Paper Air Bubble Bags
- Paperboard Air Bubble Bags
Air Bubble Bags Market by Closure Type:
- Air Bubble Bags with Slider
- Air Bubble Bags with Zipper
- Air Bubble Bags with Slider-Zipper
Air Bubble Bags Market by End Use:
- Air Bubble Bags in Food Industry
- Air Bubble Bags in Pharmaceutical Industry
- Air Bubble Bags in Gifts
- Air Bubble Bags in Mailing
- Air Bubble Bags in Garbage Use
- Air Bubble Bags in Industrial Goods
Air Bubble Bags Market by Region:
- North America Air Bubble Bags Market
- Latin America Air Bubble Bags Market
- Europe Air Bubble Bags Market
- East Asia Air Bubble Bags Market
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Table of Content
- Executive Summary
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1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
- Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
- Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
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About the Packaging Division at Future Market Insights
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, and packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
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