Air Cushion Packaging Market: Segmentation Analysis and Forecasts by Technavio
LONDON, Sep. 13 /BusinessWire/ --
According to the latest market study released by Technavio,
the global air cushion packaging market is expected to grow at a CAGR of
more than 8% through 2021.
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This research report titled `Global
Air Cushion Packaging Market 2017-2021' provides an in-depth
analysis of the market in terms of revenue and emerging market trends.
This market research report also includes up to date analysis and
forecasts for various market segments and all geographical regions.
Technavio has published a new report on the global air cushion packaging market from 2017-2021. (Graphic: Business Wire)
The growth of the global packaging market owing to technological
innovations, rising advances in manufacturing processes, and growing
consumer demands will boost the growth of the market in focus. The air
cushioning packaging industry valued more than USD 5.5 billion in 2016.
Consumers are changing their perceptions regarding protective packaging
because encasings such as air cushion packaging are sustainable, easy to
use, and biodegradable.
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Technavio's analysts categorize the global air
cushion packaging market into five major segments by end user. They
Food and beverage
Personal care industry
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The top three end-user segments of the global air cushion packaging
market are discussed below:
Global air cushion packaging market by consumer goods industry
Consumer packaged goods (CPG) accounted for more than USD 10.3 billion
in 2016. There was an increased demand for pet care, health supplements,
and cosmetics products, belonging to the CPG category, from the online
sector. Each product category accounted for around USD 1.2 billion in
terms of sales in 2016. The transportation of these product categories
triggered the demand for air cushion packaging worldwide in 2016.
According to Sharan Raj, a lead packaging
research analyst from Technavio, "Total CPG was valued at around USD
7.5 billion in 2015, with a tremendous increase in output in 2016.
Unlike food products, the demand for CPG is constant throughout the
year, therefore, the demand for air cushion packaging is constantly
increasing. Consumers are increasingly becoming particular and cautious
even about the packaging along with the products that are delivered."
Global air cushion packaging market by food and beverages industry
The consumption of healthy foods, including fruits, vegetables, and eggs
increased by around 60% in 2016 from the previous year. This, in turn,
boosted the growth of the packaging market. These food products
generally require flexible protective packaging while being transported.
Owing to the increase in single-person households, which was around 290
million in 2016, there is an ongoing trend of ordering food from
"The trend of ordering food is the hectic everyday schedule, which is
leaving people with no or less time to cook food. Also, many of the
restaurants across the globe have capitalized on this requirement and
have online platforms from where customers can place an order for the
food of their choice. This type of service also requires restaurateurs
to deliver food to customers on time without food spoilage," says
Global air cushion packaging market by electronics industry
Electronic devices need packaging materials to stay protected from
environmental and physical damage during transportation and storage.
Most types of packaging such as plastic and corrugated boxes provide
protection. However, they may also cause some damage to the
static-sensitive electronic items by discharging static electricity
between two gadgets or electronic products.
Air cushions are inflated "on demand." As a result, spaces in warehouses
are effectively occupied. These air cushions are biodegradable in
nature. Therefore, for the companies of electronics products to adhere
to government regulations to address environmental concerns, air
cushions are being extensively adopted in the electronics industry.
The top vendors highlighted by Technavio's research analysts in this
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