The Future Market Insights study “Bubble Wrap Packaging Market: Global Industry Analysis 2014-2021 and Opportunity Assessment 2022-2029″ offers significant information on the bubble wrap packaging market. As a result of a variety of factors, on which FMI has offered in-depth research and forecasts in this study, the worldwide bubble wrap packaging market is expected to develop monetarily at a CAGR of 3.4% over the course of the projected period.
The market for bubble wrap packaging worldwide has been segmented and taken into account in terms of product, material, end-use industry, geography, and segmentation. The size of the global market is projected to have expanded by 1.4 times by the end of 2029.
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Bubble wrap packaging has made notable progress in the e-commerce sector.
Air cushion packaging 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.
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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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Market Benefits
- The study provides an in-depth analysis of the global Bubble Wrap Packaging Market along with the current trends and future estimations to elucidate the imminent investment pockets.
- The key market players along with their strategies are thoroughly analyzed to understand the competitive outlook of the industry.
- An extensive analysis of the market based on application assists in understanding the trends in the industry.
- The report presents a quantitative analysis of the market from 2022 to 2029
- to enable stakeholders to capitalize on the prevailing market opportunities.
Competitive Landscape: Asia Pacific Sachet Packaging Market
- Veritiv Corporation
- Sealed Air Corporation
- Jiffy Packaging Co.
- Pregis Corporation
- Smurfit Kappa
- Barton Jones Packaging Ltd.
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
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Future Market Insights (ESOMAR certified 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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