The global bubble wrap packaging market is projected to grow at a financial rate of 3.4% during the forecast period, 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 study presents a comprehensive analysis of the market, considering various factors such as product types, materials, end-use industries, and regions.
Bubble wrap packaging involves the production and sale of packaging materials made from bubble wrap, a protective material consisting of air-filled bubbles sealed between two layers of plastic film. It is widely used to provide cushioning and protect fragile items during shipping and transportation.
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 attributed to the material’s effectiveness in safeguarding delicate products during transit and its widespread use across various industries.
Notably, bubble wrap packaging has made significant progress in the e-commerce sector. It is a translucent, flexible plastic used to package particularly sensitive products. Many end-use industries, including e-commerce, manufacturing & warehousing, logistics, and transportation, frequently rely on bubble wrap packaging. The e-commerce sector, in particular, is predicted to grow at a CAGR of 4% during the projected period.
The shift towards online shopping is driven by increased discretionary income and a preference for convenience, leading customers to make more purchases online. This steady growth in e-commerce contributes to the increasing demand for bubble wrap packaging.
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Moreover, the growing number of online resellers has motivated major players such as Amazon and Target to develop the best packaging formats to outperform competitors and offer cheaper, faster shipping with specialized packaging methods. Protective packaging, including bubble wrap, and air pillows are favored means of protection, especially for online orders, thus significantly 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.
- 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.
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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
Competitive Landscape
The key players in bubble wrap packaging market are more into customized packaging, especially the eco-friendly ones.
- Polycell Corporation is offering oxo-biodegradable eco bubble. It has incorporated Reverte oxo-biodegradable additives into polyethylene resins, which can be degraded up to certain extent.
- Jiffy Packaging Co. Limited is providing green bubble, which is made of 50% recyclable materials.
- Sealed Air Corporation, in May 2019, did announce acquiring Automated Packaging Systems (leading in designing and production of packaging materials) for the latter to help the former in developing sustainable packaging solutions.
As of now, the global production capacities of bio-plastics is over 2 million tons in terms of volume, with nearly 65% of the volume utilized in the packaging industry. Companies can provide Kraft air bubble mailers and bags, with bubble film (bubble wrap packaging) made from bio-plastic. This will save on the overall cost and reduce the environmental impact of conventional bubble wrap packaging.
Key Players : 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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