According to the research report titled “Bubble Wrap Packaging Market: Global Industry Analysis 2014-2021 and Opportunity Assessment 2022-2029″ by Future Market Insights, the global bubble wrap packaging market is anticipated to experience a financial growth rate of 3.4% during the forecast period. The study analyzes various factors to project this growth and presents a comprehensive analysis of the market, considering product types, materials, end-use industries, and regions.
Bubble wrap packaging involves the manufacturing and sale of packaging materials made from bubble wrap, which is a protective material consisting of air-filled bubbles sealed between two layers of plastic film. It is commonly used to provide cushioning and protect fragile items during shipping and transportation.
Although specific details and findings from the research study are not provided, the projected growth rate and expected market size increase by 1.4 times by the end of 2029 indicate favorable prospects for the bubble wrap packaging industry. This growth is likely attributed to the material’s effectiveness in safeguarding delicate products during transit and its widespread use across various industries
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Bubble wrap packaging has made notable progress in the e-commerce sector.
Bubble wrap is a translucent, flexible plastic used to package particularly sensitive products. Breakable articles are cushioned by regularly spaced, projecting air-filled hemispheres (bubbles). Numerous end-use industries, including e-Commerce, manufacturing & warehousing, logistics, and transportation, frequently use bubble wrap packaging. The e-Commerce business has detected the widespread use of bubble wrap packaging, and it is predicted to grow at a CAGR of 4% during the projected period.
Every segment of the retail industry has seen significant change. Due to increased discretionary income and a disinclination to spend more time shopping, customers are becoming more likely to make purchases online. This causes the e-Commerce sector to grow steadily.
- Growing number of online resellers are motivating players such as Amazon and Target to come up with the best packaging formats to undercut rivals and offer cheaper, faster shipping with special packaging methods. Proetctive packaging and air pillows are favored means of protection, especially for online orders, thereby significant contributing to the growth of the bubble wrap packaging market.
East Asia to Hold Prominent Share in the Bubble Wrap Packaging Market
- Geographically, Asia holds nearly one-third of the world’s bubble wrap packaging market, and the trend is likely to continue in the years ahead, especially in the East Asia market. In addition, China and India are major markets, which are expected to witness high Y-o-Y growth in upcoming years.
- Opportunity for the bubble wrap packaging market is likely to be less in the European region as compared to other global markets. Most of the governments in European regions are encouraging end users to prefer recyclable or degradable materials for packaging. This has motivated manufacturers including Vereinigte Papierwarenfabriken GmbH, Storopack Hans Reichenecker GmbH, Goldfoam Sp. o .o., and Sealed Air Corp. to develop greener bubble wrap packaging. Thorough research and innovation has led to develop iBubble wrap packaging, which is an eco-friendly product.
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- Countries in South Asia, especially India and Thailand markets are expected to grow at a significant rate in comparison to other countries in the region. In Europe, Benelux market is anticipated to witness a higher growth in the bubble wrap packaging market, while Italy is anticipated to face sluggish growth in bubble wrap packaging market in the region. Oceania, Latin America, and MEA regions are expected to cumulatively constitute one-sixth of the total share in the global bubble wrap packaging market. The Oceania bubble wrap packaging market is anticipated to remain steady in the upcoming years.
- The North American bubble wrap packaging market is expected to witness sluggish growth. However, Latin America is projected to witness consistent growth in the bubble wrap packaging market in upcoming years, with the Mexico bubble wrap packaging market holding a prominent share due to its developing economy and high chance of market expansion in years ahead.
The benefits of the reports on Bubble Wrap Packaging market by Future Market Insights are as follows:
- Historical Market Analysis: The historical market analysis provides businesses and industry professionals with a comprehensive understanding of the Bubble Wrap Packaging market’s past growth factors. By studying the market’s dynamics, trends, and challenges during the assessment period of 2015-2021, companies can gain valuable insights to make informed decisions and strategize effectively for the future.
- Demand Outlook Analysis: The demand outlook analysis offers crucial insights into the key drivers and upcoming opportunities that will influence the demand for Bubble Wrap Packaging in the future. Businesses can use this analysis to anticipate market trends, plan their production and distribution strategies, and identify potential growth areas within the Bubble Wrap Packaging market.
- Market Trend Analysis: The market trend analysis sheds light on the current trends in the packaging industry and highlights the expansion strategies adopted by top-tier players. By staying updated on the latest developments and understanding the competitive landscape, market players can develop effective strategies to capitalize on emerging trends and gain a competitive advantage in the Bubble Wrap Packaging market
Key Questions Answered:
- Key Factors Influencing Growth (2015-2021): The report provides insights into the key factors that influenced the growth of the Bubble Wrap Packaging market during the period 2015-2021. These factors could include changes in consumer preferences, advancements in packaging technologies, expansion of e-commerce and online retailing, increased focus on product safety during transportation, and the growth of various end-use industries.
- Projected Sales Growth (Forecast period 2014-2021): The report may outline the projected sales growth of the Bubble Wrap Packaging market for the forecast period 2014-2021. This projection could be based on historical market data, current market trends, and anticipated demand and supply dynamics during the forecast period.
- Drivers and Upcoming Opportunities (2022-2029): The report identifies the drivers and upcoming opportunities that will fuel the demand for Bubble Wrap Packaging between 2022 and 2029.
- Current Trends in the Packaging Industry: The report highlights the current trends in the packaging industry that are relevant to the Bubble Wrap Packaging market. These trends might include the adoption of biodegradable and recyclable packaging materials.
- Expansion Strategies of Top-Tier Players: The report might provide insights into how top-tier players in the Bubble Wrap Packaging market are adopting expansion strategies to capitalize on current industry trends.
- Constructing Effective Strategies: Based on the analysis of market trends and upcoming opportunities, the report may offer recommendations on how businesses in the Bubble Wrap Packaging market can construct effective strategies to take advantage of these trends.
Competitive Landscape: Asia Pacific Sachet Packaging Market
- Veritiv Corporation
- Sealed Air Corporation
- Jiffy Packaging Co.
- Pregis Corporation
- Smurfit Kappa
- Barton Jones Packaging Ltd.
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Key Segments Covered In Bubble Wrap Packaging Industry Research
By Product:
- Bubble Sheets
- Bubble Bags/mailers
By Material:
- LDPE
- HDPE
- LLDPE
By End-use:
- Manufacturing & Warehousing
- Pharmaceuticals
- Electronics & Electricals
- Automotive & Allied Industries
- Food & Beverages
- Cosmetics & Personal Care
- Others (Agriculture, Healthcare etc.)
- e-Commerce
- Logistics & Transportation
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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