Market Overview:
The global reflective air bags market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cushioning and void fill applications in various industries such as food & beverages, electronics & semiconductor, pharmaceuticals, automotive parts and others. In addition, the increasing demand for safety and security products is also driving the growth of the global reflective air bags market. Some of the major players operating in this market are BASF SE (Germany), Berry Plastics Corporation (U.S.), Bemis Company Incorporated (U.S.), Sealed Air Corporation (U.S.), 3M Company (U.S.
Product Definition:
Reflective air bags are designed to help reduce the risk of injuries during a collision. The bags work by inflating and then reflecting light, which helps to make the driver or passengers inside more visible to other motorists.
Void Fill:
Void fill is the material that is used to fill the space within an airbag. It can be a solid or a liquid and it's primary function is to reflect the energy back into the occupant's body, thusly increasing their chances of survival.
Cushioning:
Cushioning is the protective effect of a soft object that is placed between two hard surfaces. In the case of airbags, they are made up of several layers and each layer has a specific task. The primary goal in airbag deployment is to prevent the passenger from contact with seat belt webbing or instrument panel materials. Cushioning provides protection against sharp edges and potential injuries caused by these materials during an accident or collision.
Application Insights:
The food and beverages application segment accounted for the largest market share in 2017. The airbags are used to protect food and beverage products from damage caused by falling objects. They are also used to maintain product temperature during transportation or storage, as well as improve visibility of the product on shelves. Increasing demand for packaged foods is expected to be a key factor driving reflective air bags market growth over the forecast period.
Reflective airbags have been increasingly adopted by manufacturers of electronic devices such as smartphones, laptops, cameras.
Regional Analysis:
North America dominated the global reflective air bags market in 2017. The growth can be attributed to increasing road accidents, stringent government regulations and rising awareness among consumers about safety during road accidents. For instance, as per the National Highway Traffic Safety Administration (NHTSA), in 2015, over 1.3 million people died due to traffic injuries in U.S., out of which 691 thousand were pedestrians and 39 thousand were occupants of vehicles that did not have any passengers present inside them at the time of occurrence of an accident).
Asia Pacific is expected to witness significant growth over the forecast period owing to growing automotive industry coupled with improving economic conditions particularly in India.
Growth Factors:
- Increasing demand for passenger cars and commercial vehicles
- Growing awareness about the benefits of air bags among consumers
- Stringent safety norms by regulatory authorities across the globe
- Technological advancements in air bag systems
- Rising disposable income of consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Reflective Air Bags Market Research Report
By Type
Void Fill, Cushioning
By Application
Food & Beverages, Electronics & Semiconductor, Pharmaceutical, Automotive Parts, Others
By Companies
Hydropac, Insulated Products Corporation, Packman Packaging Private Limited, TP Solutions, Nordic Cold Chain Solutions, Feflectix,Inc, Kodiakooler
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Reflective Air Bags Market Report Segments:
The global Reflective Air Bags market is segmented on the basis of:
Types
Void Fill, Cushioning
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food & Beverages, Electronics & Semiconductor, Pharmaceutical, Automotive Parts, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hydropac
- Insulated Products Corporation
- Packman Packaging Private Limited
- TP Solutions
- Nordic Cold Chain Solutions
- Feflectix,Inc
- Kodiakooler
Highlights of The Reflective Air Bags Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Void Fill
- Cushioning
- By Application:
- Food & Beverages
- Electronics & Semiconductor
- Pharmaceutical
- Automotive Parts
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Reflective Air Bags Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Reflective air bags are a type of safety equipment that can help protect people in car accidents. When the air bag deploys, it sends out a bright light and sound to alert drivers that they need to take cover. This helps reduce the number of injuries in car accidents.
Some of the major players in the reflective air bags market are Hydropac, Insulated Products Corporation, Packman Packaging Private Limited, TP Solutions, Nordic Cold Chain Solutions, Feflectix,Inc, Kodiakooler.
The reflective air bags market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Reflective Air Bags Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Reflective Air Bags Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Reflective Air Bags Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Reflective Air Bags Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Reflective Air Bags Market Size & Forecast, 2020-2028
4.5.1 Reflective Air Bags Market Size and Y-o-Y Growth
4.5.2 Reflective Air Bags Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Void Fill
5.2.2 Cushioning
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food & Beverages
6.2.2 Electronics & Semiconductor
6.2.3 Pharmaceutical
6.2.4 Automotive Parts
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Reflective Air Bags Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Reflective Air Bags Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Void Fill
9.6.2 Cushioning
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food & Beverages
9.10.2 Electronics & Semiconductor
9.10.3 Pharmaceutical
9.10.4 Automotive Parts
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Void Fill
10.6.2 Cushioning
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food & Beverages
10.10.2 Electronics & Semiconductor
10.10.3 Pharmaceutical
10.10.4 Automotive Parts
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Void Fill
11.6.2 Cushioning
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food & Beverages
11.10.2 Electronics & Semiconductor
11.10.3 Pharmaceutical
11.10.4 Automotive Parts
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Void Fill
12.6.2 Cushioning
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food & Beverages
12.10.2 Electronics & Semiconductor
12.10.3 Pharmaceutical
12.10.4 Automotive Parts
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Void Fill
13.6.2 Cushioning
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food & Beverages
13.10.2 Electronics & Semiconductor
13.10.3 Pharmaceutical
13.10.4 Automotive Parts
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Reflective Air Bags Market: Competitive Dashboard
14.2 Global Reflective Air Bags Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hydropac
14.3.2 Insulated Products Corporation
14.3.3 Packman Packaging Private Limited
14.3.4 TP Solutions
14.3.5 Nordic Cold Chain Solutions
14.3.6 Feflectix,Inc
14.3.7 Kodiakooler
