Air Cushion Packaging Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Increase in Demand for Secondary Packaging to Boost the Market Growth | Technavio

Technavio has been monitoring the air cushion packaging market and it is poised to grow by USD 1.16 billion during 2020-2024, progressing at a CAGR of 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Air Cushion Packaging Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

• Based on segmentation by end-user, which is the leading segment in the market?

• The consumer goods segment is expected to be the leading segment.

• At what rate is the market projected to grow?

• Growing at a CAGR of over 8%, the incremental growth of the market is anticipated to be USD 1.16 billion during the forecast period.

• Who are the top players in the market?

• 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.

• What are the key market drivers and challenges?

• Increase in demand for secondary packaging and the growth of online shopping are the major factors driving the market. However, the high cost of manufacturing air cushion packaging restraints the market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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. The increase in demand for secondary packaging will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Air Cushion Packaging Market 2020-2024: Segmentation

Air Cushion Packaging Market is segmented as below:

• End-user
  • Consumer Goods
  • Food and Beverages
  • Electronics
  • Personal Care and Household
  • Pharmaceutical
• Geography
  • APAC
  • North America
  • Europe
  • South America
  • MEA

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Air Cushion Packaging Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The air cushion packaging market report covers the following areas:

• Air Cushion Packaging Market Size
• Air Cushion Packaging Market Trends
• Air Cushion Packaging Market Analysis

This study identifies the growth of online shopping as one of the prime reasons driving the air cushion packaging market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Air Cushion Packaging Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist air cushion packaging market growth during the next five years
• Estimation of the air cushion packaging market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the air cushion packaging market
• 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

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five Forces Analysis
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Consumer goods - Market size and forecast 2019-2024
• Food and beverages - Market size and forecast 2019-2024
• Electronics - Market size and forecast 2019-2024
• Personal care and household - Market size and forecast 2019-2024
• Pharmaceutical - Market size and forecast 2019-2024
• Market opportunity by End-user

Customer Landscape

• Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Volume Driver- Demand led growth

Market Challenges

Market Trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• 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
• Storopack Hans Reichenecker GmbH

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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View source version on businesswire.com: https://www.businesswire.com/news/home/20200811005103/en/

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