Market Overview:
The Global Void Fill Packaging System Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth is attributed to the increasing demand for void fill packaging systems from various end-use industries, such as automotive, food and beverage, electrical and electronics, and others. In addition, the growing trend of e-commerce is also fueling the demand for void fill packaging systems in order to protect goods during shipping. Some of the key players operating in this market are Smurfit Kappa Group plc (Ireland), Berry Plastics Corporation (U.S.), Sealed Air Corporation (U.S.), Propack AS (Norway), and Bemis Company Incorporated (U.S.).
Product Definition:
A Void Fill Packaging System is a system that uses air or other gas-filled packaging products to fill the empty spaces inside a package. This helps to protect the product from damage and makes sure that it arrives at its destination in the same condition as when it was packaged.
Air Pad Machine:
Air pad machine is used in the packaging industry to fill the void or gaps between different layers of a product. It’s also known as cushioning equipment, it can be used for both rigid and flexible products. Air pads are usually made up of thin plastic film which is wound around a cylindrical object, such as a steel pipe or aluminum can.
Bubble Wrap Machine:
Bubble wrap machine is used in the packaging industry to fill voids or gaps in packages. It is a type of flexible plastic film that can be inflated with air and then filled with various types of products. The product is available in different sizes, which allows it to be used for packaging eggs, toys, glass bottles among others.
The global market for bubble wrap machine was valued at USD 1.5 billion in 2016.
Application Insights:
The automotive industry accounted for the largest revenue share of over 30% in 2017. The global void fill packaging system market is expected to witness significant growth owing to rising demand for lightweight and fuel-efficient vehicles, especially in developed economies such as U.K., Germany, Japan and the U.S. In addition, stringent government regulations regarding vehicle weight reduction are expected to boost product demand over the forecast period.
The food and beverage industry is estimated to be one of the fastest-growing application segments during the forecast period owing to increasing consumer preference for packaged foods including cereals, snacks, frozen meals and other similar products that can be eaten on-the-go or packed into school lunches across various regions including North America and Europe.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing industrialization and rising foreign investments in this region. For instance, In September 2017, Siemens opened a new office in Vietnam as part of its strategy to expand its business in Southeast Asia. The company plans on investing around USD X million by 2020 for developing clean energy solutions based on gas turbines and compressors for customers across industries such as power generation, oil and gas industry, mining sector among others.
Europe accounted for more than 25% of the global revenue share in 2016 owing to high demand from end-use industries such as automotive and electrical & electronics among others which are highly automated with advanced technologies compared to other regions across the world.
Growth Factors:
- Increasing demand for lightweight and compact packaging solutions to reduce shipping costs
- Rising demand from the e-commerce sector for void fill packaging to protect products during transit
- Growing popularity of sustainable and recyclable packaging materials
- Proliferation of automated packing and fulfillment systems that require void fill packaging
- Increased focus on product safety and security by consumers and retailers
Scope Of The Report
Report Attributes
Report Details
Report Title
Void Fill Packaging System Market Research Report
By Type
Air Pad Machine, Bubble Wrap Machine, Others
By Application
Automotive Industry, Food and Beverage Industry, Electrical and Electronics Industry, Others
By Companies
Crawford packaging, Fromm Airpad Systems, Sealed Air, GTI Industries, Storopack, Rajapack, Automated Packaging Systems
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
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Void Fill Packaging System Market Report Segments:
The global Void Fill Packaging System market is segmented on the basis of:
Types
Air Pad Machine, Bubble Wrap Machine, Others
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
Automotive Industry, Food and Beverage Industry, Electrical and Electronics Industry, 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:
- Crawford packaging
- Fromm Airpad Systems
- Sealed Air
- GTI Industries
- Storopack
- Rajapack
- Automated Packaging Systems
Highlights of The Void Fill Packaging System 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:
- Air Pad Machine
- Bubble Wrap Machine
- Others
- By Application:
- Automotive Industry
- Food and Beverage Industry
- Electrical and Electronics Industry
- 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 Void Fill Packaging System 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
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
A Void Fill Packaging System is a type of packaging that uses vacuum to create an airtight seal between the product and the container. This system is used to protect products from moisture, oxygen, and other contaminants.
Some of the major companies in the void fill packaging system market are Crawford packaging, Fromm Airpad Systems, Sealed Air, GTI Industries, Storopack, Rajapack, Automated Packaging Systems.
The void fill packaging system 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 Void Fill Packaging System 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 Void Fill Packaging System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Void Fill Packaging System 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 Void Fill Packaging System 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 Void Fill Packaging System Market Size & Forecast, 2020-2028
4.5.1 Void Fill Packaging System Market Size and Y-o-Y Growth
4.5.2 Void Fill Packaging System 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 Air Pad Machine
5.2.2 Bubble Wrap Machine
5.2.3 Others
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 Automotive Industry
6.2.2 Food and Beverage Industry
6.2.3 Electrical and Electronics Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Void Fill Packaging System 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 Void Fill Packaging System 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 Air Pad Machine
9.6.2 Bubble Wrap Machine
9.6.3 Others
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 Automotive Industry
9.10.2 Food and Beverage Industry
9.10.3 Electrical and Electronics Industry
9.10.4 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 Air Pad Machine
10.6.2 Bubble Wrap Machine
10.6.3 Others
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 Automotive Industry
10.10.2 Food and Beverage Industry
10.10.3 Electrical and Electronics Industry
10.10.4 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 Air Pad Machine
11.6.2 Bubble Wrap Machine
11.6.3 Others
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 Automotive Industry
11.10.2 Food and Beverage Industry
11.10.3 Electrical and Electronics Industry
11.10.4 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 Air Pad Machine
12.6.2 Bubble Wrap Machine
12.6.3 Others
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 Automotive Industry
12.10.2 Food and Beverage Industry
12.10.3 Electrical and Electronics Industry
12.10.4 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 Air Pad Machine
13.6.2 Bubble Wrap Machine
13.6.3 Others
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 Automotive Industry
13.10.2 Food and Beverage Industry
13.10.3 Electrical and Electronics Industry
13.10.4 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 Void Fill Packaging System Market: Competitive Dashboard
14.2 Global Void Fill Packaging System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Crawford packaging
14.3.2 Fromm Airpad Systems
14.3.3 Sealed Air
14.3.4 GTI Industries
14.3.5 Storopack
14.3.6 Rajapack
14.3.7 Automated Packaging Systems
