Global Air Cushion Packaging Market 2019-2023
About this market
The increase in demand for secondary packaging will trigger the air cushion packaging market growth in the forthcoming years. This packaging is used for protecting and collating individual units during storage and is often used by several end-user industries including food and beverages and cosmetic sectors. This will further create a rising demand for protective packaging solutions such as air cushions. Air cushions offer high flexibility for packaging different products in the same format while reducing the requirement of additional fitments. This will further lead the air cushion packaging market to register significant growth in the forthcoming years. Technavio’s analysts have predicted that the air cushion packaging market will register a CAGR of 8% by 2023.
The growth of online shopping
One of the growth drivers of the global air cushion packaging market is the growth of online shopping. As consumers purchase more products online, the demand for packaging such as air cushion packaging will increase.
Use of alternative protective packaging
One of the challenges in the growth of the global air cushion packaging market is the use of alternative protective packaging. The rise in the substitutes such as paper cushion packaging products is likely to limit the growth of the market.
For the detailed list of factors that will drive and challenge the growth of the air cushion packaging market during 2019-2023, view our report.
The market appears to be moderately fragmented and with the presence of several market players. Many air cushion packaging vendors in the market are focusing on offering products with advanced features. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
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