The worldwide paper bubble wrap market, having achieved a valuation of approximately US$ 629.3 million in 2022, is poised for further growth, with an anticipated valuation of US$ 661.4 million by 2023. As its utilization continues to expand across diverse sectors, including manufacturing, e-commerce, and logistics, the overall demand for paper bubble wrap is expected to exhibit a strong Compound Annual Growth Rate (CAGR) of 5.1% from 2023 to 2033, ultimately reaching an estimated valuation of US$ 1,087.4 million by 2033.
Paper bubble wrap is a type of package used by manufacturers to cover and protect various delicate products. It is made of kraft paper-like material and consists of regularly spaced honeycomb patterns or bubbles. It acts as a cushion for packaged products and thus helps end users in protecting and safeguarding the packed items.
Rapid expansion of end-use industries like manufacturing and logistics is expected to boost the growth of paper bubble wrap market during the forecast period. Similarly, implementation of stringent environmental regulations and growing demand for plastic bubble wrap alternatives will bolster paper bubble wrap sales over the next decade.
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Market Players:
- DS Smith Plc
- Protega Global Ltd
- Kingfisher Packaging Ltd
- HexcelPack, LLC
- Sealed Air Corporation
- Packhelp
- Packopaper
- Rajapack Ltd
- Swiftpak
- Verite Eco packaging
- A&A Naturals
- Ameson Packaging
- The Bamboo Company
- HUIZHOU BETA PACKTECH CO.,LTD
Key Takeaways from Paper Bubble Wrap Market
- By kraft paper type, the unbleached segment is estimated to have a market share of approximately 63% to 65% in 2022.
- In terms of end use, e-commerce sector is anticipated to generate an incremental $ opportunity of US$ 208 Mn during the forecast period.
- India is expected to hold a market share of around 8% in the global paper bubble wrap market during the assessment period.
- Germany’s bubble wrap market is expected to grow at a CAGR of 3.6% over the next decade
- Demand for paper bubble wrap in the U.S. is projected to grow at 3.9% CAGR through 2032.
“Eco-friendly paper bubble wrap in packaging is expected to gain traction in the next decade due to the consumer preference for recyclable and biodegradable packaging solutions and implementation of stringent regulation pertaining to plastic usage” – comments FMI analyst
Regional Analysis:
Regional analysis of the paper bubble wrap market provides insights into how this packaging material is utilized and its market dynamics in different parts of the world. Please note that the information below is based on trends and conditions up to September 2021, and the market situation may have evolved since then. Here’s a general overview of regional analysis for the paper bubble wrap market:
- North America:
- In North America, particularly in the United States and Canada, the paper bubble wrap market had been witnessing growth. This was driven by increasing environmental awareness and regulations promoting eco-friendly packaging solutions.
- E-commerce growth and the need for protective packaging in the shipping of products contributed to the demand for paper bubble wrap.
- Europe:
- European countries, such as Germany, France, and the United Kingdom, were actively adopting sustainable packaging solutions, including paper bubble wrap, to reduce reliance on plastic.
- Strict regulations on single-use plastics and the push for recyclable and biodegradable packaging materials were driving the market.
- Asia-Pacific:
- The Asia-Pacific region, including countries like China and India, was experiencing significant growth in the paper bubble wrap market due to the booming e-commerce sector and increased consumer awareness about sustainable packaging.
- Manufacturers in this region were also exporting paper bubble wrap products to other parts of the world.
- Latin America:
- In countries like Brazil and Mexico, the adoption of paper bubble wrap was increasing as environmental concerns and consumer preferences for sustainable packaging gained traction.
- The food and beverage industry was one of the key sectors driving the use of paper bubble wrap for packaging.
- Middle East and Africa:
- Although the paper bubble wrap market in this region was relatively smaller compared to other regions, it was gradually growing, driven by increased awareness of environmental issues and the need for sustainable packaging solutions.
- Global Market:
- The global paper bubble wrap market was interconnected, with manufacturers and suppliers often serving international clients.
- Innovations in paper bubble wrap production techniques and materials were often adopted globally, contributing to the overall market’s development.
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Burgeoning Growth of E-Commerce to Fuel the Expansion of Paper Bubble Wrap Market
The strong growth of the e-commerce sector has increased the demand for paper bubble wrap. Major e-commerce platforms such as Amazon and Flipkart continue to expand their reach by expanding their packaging style. They use paper bubble wrap to cover delicate products and protect them from damage. Market share in the e-commerce sector is expected to be around 40-42% during the forecast period.
Market Segmentation:
By Kraft Paper Type:
- Bleached
- Unbleached
By Thickness:
- Less than 41 GSM
- 41 to 100 GSM
- Above 100 GSM
By End Use:
- Manufacturing and Warehousing
-
- Pharmaceutical
- Electronics & Electricals
- Automotive & Allied Industries
- Food & Beverages
- Cosmetics & Personal Care
- Others (Agriculture etc.)
- E-commerce
- Logistics and Transportation
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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