Introduction
Bubble wrap packaging has become an integral part of the packaging industry, providing unmatched protection to fragile items during transit. In this article, we delve into the Bubble Wrap Packaging Market, exploring its growth, applications, and the latest trends. Join us on this informative journey to gain insights into this booming industry.
Bubble Wrap Packaging Market Overview
Bubble wrap packaging has witnessed substantial growth in recent years. Let’s take a closer look at what drives this thriving market.
Bubble Wrap Packaging Market is on the Rise
The Bubble Wrap Packaging Market is experiencing remarkable growth, driven by the increasing demand for safe and secure packaging solutions. As businesses expand their reach, the need to protect delicate goods during shipping and handling has never been greater. Bubble wrap packaging fulfills this requirement effectively.
The Bubble Wrap Packaging Market caters to a wide range of industries, from e-commerce and electronics to fragile glassware and collectibles. Its versatile nature and ability to conform to various shapes make it an ideal choice for ensuring the safety of items that require special care.
Projected to exhibit a lively growth trajectory, the global bubble wrap packaging market is set to soar to a valuation of US$ 3.8 billion by 2029, driven by a steady CAGR of 3.4% from 2022 to 2029.
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Key Players : Asia Pacific Sachet Packaging Market
- Veritiv Corporation
- Sealed Air Corporation
- Jiffy Packaging Co.
- Pregis Corporation
- Smurfit Kappa
- Barton Jones Packaging Ltd.
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.
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.
Sustainable Solutions in the Bubble Wrap Packaging Market
As environmental consciousness grows, the packaging industry has responded with sustainable alternatives in the Bubble Wrap Packaging Market. Biodegradable bubble wrap, made from plant-based materials, ensures the same level of protection while reducing its impact on the environment.
Additionally, some manufacturers offer recycled bubble wrap, further promoting eco-friendly practices and reducing plastic waste.
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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 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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