The packaging industry has continuously adapted to cater to the evolving needs of product manufacturers. With a diverse array of industries placing increased demands on packaging, there has been a steady stream of innovations in packaging materials and solutions. Corrugated bubble wrap, as a versatile and robust packaging solution designed for the safe transport of highly fragile items, has emerged as a pivotal player.
In 2021, the US corrugated bubble wrap market defied expectations by surging with a remarkable 10% year-on-year growth, despite initial skepticism due to the global pandemic. This success story was not limited to the United States alone; the entire North American region witnessed an all-time high in the demand and sales of corrugated bubble bags and mailers.
The imperative for secure and shock-resistant packaging to accommodate the transit of delicate products and sensitive devices has fueled the surge in corrugated bubble wrap sales. These factors collectively signify a robust upward trend, and the corrugated bubble wrap market is poised for further growth in the foreseeable future.
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What Accelerates the Market Growth of Corrugated Bubble Wrap Market?
While providing exceptional protection for delicate items is a key aspect of corrugated bubble wrap, the global market for this innovative packaging material is influenced by numerous other significant factors. One such factor is the growing public concern over the use of plastic-based packaging materials, which has played a pivotal role in shaping market dynamics and is poised to continue driving demand in the corrugated bubble wrap market.
The adverse environmental impact of plastic materials has come under intense scrutiny by various environmental organizations. Countries worldwide have responded by implementing stringent environmental regulations, including partial or complete bans on non-biodegradable materials. This shift in the preferences of manufacturers toward eco-friendly, paper-based packaging solutions is propelling the sales and growth of corrugated bubble wrap in the market.
Drivers:
- E-commerce Boom: The rapid growth of e-commerce and online shopping has led to increased demand for protective packaging materials, including corrugated bubble wrap, as it helps safeguard products during shipping.
- Sustainable Packaging: Consumers and businesses are increasingly prioritizing eco-friendly and recyclable packaging materials. Corrugated bubble wrap is considered more environmentally friendly than traditional plastic bubble wrap, which is a driver for its adoption.
- Product Safety: With a rising focus on product safety and quality, businesses are turning to reliable protective packaging solutions like corrugated bubble wrap to ensure that their products reach customers in optimal condition.
- Customization and Branding: Corrugated bubble wrap can be easily customized with brand logos, colors, and messaging. This offers companies a unique branding opportunity and a way to enhance the unboxing experience, which is a significant driver in the e-commerce sector.
Restraints:
- Cost Factors: Corrugated bubble wrap can be more expensive compared to traditional plastic bubble wrap. Cost considerations may restrain some businesses, particularly smaller ones, from adopting it.
- Limited Product Types: Corrugated bubble wrap may not be suitable for protecting all types of products. For extremely delicate or heavy items, alternative packaging solutions might be more appropriate.
- Perceived Performance: Some businesses might perceive plastic bubble wrap as offering superior cushioning and protection, which can discourage them from switching to corrugated alternatives.
- Recycling Infrastructure: While corrugated bubble wrap is considered more eco-friendly, its widespread adoption might be limited by the availability of recycling facilities that can process it effectively.
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Global Players:
- Delux Packaging, Inc.
- Conitex Sonoco
- Larsan Packaging Products, Inc.
- Western Container Corp.
- Cougar Packaging Solutions
- Albert Paper Products
- Alpha Packaging Inc.
- Elsons International, Inc., Dyer Packaging, Inc.
APAC Players:
- Airpack Inc.
- Sonoco Asia
- Pack Mile Pvt. Ltd.
- SYD Cardboard Carton
- Dongguan Hongxu Paper Packaging Co. Ltd.
- Sweidun Inc. Ltd.
- Shandong Seto Environmental Technologies Co. Ltd.
Market Segmentation
By Product Type:
- Corrugated Bubble Sheets
- Corrugated Bubble Bags/ Mailers
By End-Use Industries:
- Electronics and Electrical
- Automotive
- Healthcare
- Food & Beverage
- Cosmetics and Personal Care
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- The Middle East and Africa
- Oceania
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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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