ID: MRFR/PNT/1264-CR | September 2019 | Region: Global | 174 pages
Bubble wrap packaging market is expected to reach a market size of USD 12,299.2 Million by 2025 and expand at 7.84% CAGR during the forecast period.
Bubble wrap packaging is majorly a form of protective packaging, which is composed of a two-layer polyethylene film. This film is being entrapped with air inside to form a bubble. It facilitates easy storage and production of fragile goods. The global bubble wrap packaging market is expected to witness substantial growth during the forecast period. The demand for bubble wrap packaging is expected to be driven by an increase in online shopping, growth of the electronics industry, and the availability of biodegradable bubble wrap. The benefits of online shopping such as faster delivery, easier return policies, and free shipping, have made many customers switch from the traditional methods of shopping. The strong consumer demand for a wide variety of products and the availability of different kinds of goods, drive the growth of online shopping. Today consumer electronics is the top-selling category due to an increase in the number of online electronics models. The electronics industry is continuously evolving with new developments. Such factors drive the market for bubble wrap packaging market.
However, the availability of alternative packaging such as foam packaging and recycled paper that are relatively cost-effective and eco-friendly may hamper the global bubble wrap packaging market.
Moreover, there has been a steady increase in income levels in developing nations, which results in high disposable income among individuals, which is the opportunity for the market.
The key players of global bubble wrap packaging market are 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).
The global bubble wrap packaging market is segmented based on product and application. Based on product, the bubble wrap packaging market is segmented into high-grade bubble wraps, general grade bubble wraps, temperature-controlled bubble wraps, limited grade bubble wraps, and others. The high-grade bubble wraps segment is dominating the market, as it consists of stronger bubbles that help in cushioning the products and provide high amount of security to hold them in place during transit.
Based on application, the global bubble wrap packaging market is segmented into e-commerce, automotive and allied industries, consumer goods, pharmaceutical, food and beverages, personal care, and others. The e-commerce segment is expected to dominate the market, owing to the constantly growing automotive industry, as it helps reduce damages and ensure safe working conditions for handlers by adequately packaging all mechanical or automotive parts.
Region-specific analysis of the bubble wrap packaging market spans across North America, Europe, Asia-Pacific (APAC), South America, and the Middle East & Africa.
Source: MRFR Analysis
Asia-Pacific is anticipated to lead the bubble wrap packaging market during the study period, followed by North America, owing to increased growth in e-commerce and automotive industry. Over the years, it is being observed that the region is emerging as a global automotive hub. It has become a major consumer and supplier of automobiles.
The e-commerce sector is one of the most critical sectors in the economy in Asia-Pacific. According to Asian Development Bank (ADB), Asia-Pacific is the fastest growing region in the global e-commerce marketplace, accounting for the largest share of the world’s business-to-consumer e-commerce market. By the end of 2015, the size of e-commerce relative to gross domestic product was 4.5% in Asia-Pacific. The booming e-commerce and automotive industry along with the rising per capita disposable income drives the demand for bubble wrap packaging market in the region.
The global bubble wrap packaging market has been segmented based on product, application, and region.
Based on product, the global market is segmented into high-grade bubble wraps, general grade bubble wraps, temperature-controlled bubble wraps, limited grade bubble wraps, and others. The high-grade bubble wraps segment is expected to dominate the bubble wrap packaging market due to the advantages it offers, such as stronger bubbles, which help in cushioning the products. Moreover, it also provides high security to hold products in place during the shipment.
NOTE : BUBBLE WRAP® is a registered trademark of Sealed Air Corporation
|Market Size||2025: USD 12,299.2 Millio|
|CAGR||7.84% CAGR (2020-2027)|
|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 2025.
The bubble wrap packaging market is expected to display 7.84% CAGR from 2020 to 2026.
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.