Paper Bubble Wrap Industry Value Rising to US$ 1,087.4 Million by 2033: Exclusive FMI Study Report

The worldwide Paper Bubble Wrap Industry, 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.

Unbleached kraft paper bubble wrap is a commendable eco-friendly alternative that serves as a sustainable replacement for traditional plastic bubble wrap. This lightweight material exhibits excellent compatibility with various other packaging materials and boasts a remarkable strength-to-weight ratio. These characteristics make it a preferred choice in the packaging industry, aligning with the growing global emphasis on eco-conscious and sustainable packaging solutions. As environmental awareness continues to rise, the demand for unbleached kraft paper bubble wrap is expected to see sustained growth, making it an integral part of the evolving packaging landscape.

The Paper Bubble Wrap Industry is gaining substantial traction and is poised to capture a notable share of the global packaging industry, representing approximately 18% of the market with a total worth of US$ 33 billion in 2023. In the year 2022, the market revenue for unbleached kraft paper bubble wrap reached US$ 600 million, as indicated by analysis from FMI. Furthermore, the demand for unbleached kraft paper bubble wrap is set to surge, with the top five providers anticipated to hold a substantial share of 5-10% of the global market in 2023.

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Key Trends Driving Paper Bubble Wrap Demand

The surging demand for paper bubble wrap finds its foundation in the robust expansion of the logistics industry. With an escalating need for enhanced security measures in transportation and logistics packaging to prevent damage, paper bubble wraps have become increasingly indispensable in safeguarding various products during transit.

Moreover, the proliferating demand for paper bubble wrap in palletizing applications within the logistics sector is poised to drive accelerated growth in the industry. The strategic utilization of unbleached paper bubble wrap is gaining prominence, further bolstering substantial revenue generation in the global paper bubble wrap market. As the logistics landscape evolves, the pivotal role played by paper bubble wrap in ensuring the safe and secure transportation of goods underscores its significance in meeting the stringent packaging requirements of the growing logistics industry.

Drivers:

1. Environmental Concerns: Growing awareness of environmental issues and the need for sustainable packaging materials drive the demand for eco-friendly alternatives like paper bubble wrap.
2. Plastic Alternatives: Increasing regulations and consumer preferences against single-use plastics create opportunities for paper-based packaging solutions like bubble wrap.
3. Lightweight and Versatile: Paper bubble wrap is a lightweight and versatile material that can be used for a wide range of products, offering protection and cushioning during transportation.
4. Recyclability: The recyclability of paper bubble wrap aligns with circular economy goals and appeals to consumers looking for eco-conscious packaging options.
5. Strength-to-Weight Ratio: Paper bubble wrap provides an excellent strength-to-weight ratio, ensuring the protection of fragile items while minimizing overall packaging weight.
6. Compatibility: Paper bubble wrap can be easily combined with other materials, such as cardboard boxes or recycled paper, enhancing its flexibility and application.

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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

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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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About Future Market Insights (FMI)

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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