ID: MRFR/PNT/1264-CR | September 2019 | Region: Global | 174 pages
The bubble wrap packaging market is growing rapidly with the rise in demand for consumer goods, mostly electronics. The global bubble wrap packaging market was valued at USD 7.8 billion in 2020. These wraps provide excellent protection for fragile goods during shipping and warehousing.
Bubble wrap is a type of protective packaging material having air-filled bubbles in a thin polythene film. This is an inexpensive and lightweight packaging material for highly fragile goods that need shock absorbers during handling and transportation. Its flexible nature allows the covering of every corner of the product during packaging. The global bubble wrap packaging market is expected to grow at a Compound Annual Growth Rate ( CAGR ) of 7.84% over the current forecast period ( 2021-2028 ).
The innovations in bubble wrap packaging technology have been successful in making the packing material meet modern-day requirements. Paper bubble wrap, a new development, is a biodegradable version of bubble wrap packaging. Similarly, nowadays 100 percent recyclable plastic bio wraps are also available in the market creating better prospects for market growth. The global bubble wrap packaging market is expected to be worth USD 10 billion by the end of the current forecast period in 2028.
Covid-19 had a mixed impact on the global bubble wrap packaging market. On one hand, the poor performance of major end-user industries like consumer electronics, personal care, automotive, etc led to a fall in the demand. While on the other hand, the boom in sales of e-commerce Companies generated huge demand for bubble wrap packaging.
The halt in activities of protective packaging production industries to curb the virus spread led to a shortage of products in the market. Moreover, restrictions on travel and the movement of goods caused huge disruptions in the supply chain of the bubble wrap packaging market.
The major global companies playing a key role in the bubble wrap packaging market are :
The growing demand for consumer goods requiring protective packaging is the major factor driving the growth of the global bubble wrap packaging market. Additionally, the rapid increase in sales of e-commerce companies with greater penetration of the internet is generating huge demand for bubble wrap packaging. Bubble wraps are a low-cost and effective method of protective packaging for fragile goods like glass, ceramics, electronics, etc. Their flexibility and lightweight nature make them the most popular choice in the protective packaging market.
The technological advancements in bubble wrap packaging have been very beneficial for market expansion. The double Sided bubble wraps for greater shock absorption and anti-static bubble wrap for packing electrical items are gaining immense popularity. Moreover, the rise of eco-friendly bubble wraps like paper bubble wraps and recyclable bubble wraps are likely to have a positive impact on the market growth.
The growing environmental concerns regarding the use of single-use plastics in the manufacturing of bubble wraps are the major factors restraining the market growth. Moreover, their highly flammable nature restricts their use in all kinds of protective packaging thereby directly impacting the market demand. Furthermore, the increasing availability of other sustainable alternatives will hamper the growth of the global bubble wrap packaging market.
Bubble wrap is a type of protective packaging material comprising two polyethene films with regularly placed air-filled protrusions resembling bubbles on the film surfaces. These packaging materials are used to protect fragile products like glasses, ceramics, and electronic items from damage during the distribution process. It acts as a cushioning agent in packaging containers and effectively absorbs shock vibrations. It is an inexpensive material, lightweight, and non-abrasive thus a suitable packaging material for a wide range of products.
There are different variants of bubble wrap to suit the needs of different product types. The foam-backed bubble wrap provides extra cushioning and void filling. The self-adhesive bubble wraps are perfect for packing items with sensitive surfaces like glass, flat screens. The static bubble wrap gives excellent protection from electrostatic discharge to electronic goods such as smartphones.
The specific objectives of this market report on the global bubble wrap packaging market are given below:
The standard bubble wrap is the most widely used. It is an inexpensive wrap compatible with a wide range of products. However, other wraps have their specific use as an antistatic wrap for electronic items. The paper bubble wrap market is also witnessing significant growth owing to its biodegradable nature.
The E-commerce industry is the major end-user of the global bubble wrap packaging market. The growing demand for fragile and electronic goods with the increasing presence of online shopping companies is generating huge demand for bubble wrap packaging.
The different regional markets for the global bubble wrap packaging market are:
Asia-pacific is the largest market for global bubble wrap packaging. The presence of the fastest developing economies like China, India, Indonesia makes this region a global manufacturing hub. Moreover, the rise in disposable income of people has increased the demand for consumer goods including consumer electronics. There is a rapid surge in the number of internet users and the e-commerce industry is growing at a very fast rate. Therefore, with the rising demand for protective packaging in consumer goods, the demand for bubble wrap packaging is also rising significantly in this region.
North America is the second-largest regional market for the global bubble wrap packaging market. The high demand for electronic items and packaged products including packaged foods generate significant demand for bubble wrap packaging. The greater penetration of e-commerce companies also makes up for the major demand in this region.
Europe is also a significant regional market for bubble wrap packaging. There is a high demand for eco-friendly protective packaging and paper bubble wraps occupy a major share in the market. The rise in demand for electronic items and luxurious fragile goods in the Middle East region makes this a potential regional market for bubble wrap packaging. The African and Latin American segments are expected to grow at a moderate rate over the forecast period.
This report will be beneficial for every stakeholder of the bubble wrap packaging market such as :
This report from market research future provides an in-depth analysis of the bubble wrap packaging market in terms of current value and future forecast. This report also highlights the problems and prospects of the given market.
Moreover, the technological analysis section of this report will help in knowing the product and its market prospects. Furthermore, this report contains a detailed analysis of every segment of the given market for the current forecast period. This report has also identified the key players and the current developments in the bubble wrap packaging market.
|CAGR||7.84% CAGR (2022-2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Veritiv Corporation (US), Sealed Air Corporation (US), Jiffy Packaging Co. (UK), Pregis Corporation (US), Smurfit Kappa (Ireland), Barton Jones Packaging Ltd. (US), IVEX Protective Packaging Inc (US), and Automated Packaging System (US)|
|Key Market Opportunities||Rising Income Level Of Individual In Developing Countries|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The bubble wrap packaging market value can touch USD 12,299.2 million by 2030.
The bubble wrap packaging market is expected to display 7.84% CAGR from 2022 to 2030.
High-grade bubble wrap can dominate market sales.
APAC can lead in the bubble wrap packaging market owing to proliferation of ecommerce stores.
Jiffy Packaging Co., Barton Jones Packaging Ltd., Automated Packaging System, Sealed Air Corporation, Smurfit Kappa, Pregis Corporation, Veritiv Corporation, and IVEX Protective Packaging Inc are key players of the global bubble wrap packaging market.