The global bubble wrap packaging market is poised for significant growth, with an estimated value of US$3 billion in 2022 and a projected CAGR of 3.4% during the forecast period from 2022 to 2029. This growth can be attributed to the increasing demand for packaging in the manufacturing and warehousing sectors, as well as the surging popularity of e-commerce worldwide.
However, the market dynamics of bubble wrap packaging are influenced by several factors. One notable limitation is its flammability, which restricts its usage in certain protective packaging applications. Additionally, environmental concerns surrounding the use of single-use plastics have prompted advancements in the market, such as the development of recyclable bubble wraps and paper-based alternatives.
In terms of recent industry developments, Smurfit Kappa’s acquisition of Atlas Packaging in May 2022 has bolstered their presence in gift boxing, shelf-ready packaging, and the e-commerce sector. Furthermore, an analysis by Future Market Insights suggests that the bubble wrap packaging market is expected to experience a 10 basis share points (BPS) surge in the first half of 2022 compared to the same period in 2021. This growth can be attributed to the lightweight and effective protection provided by bubble wrap during shipping and storage.
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Another contributing factor to the market’s growth is the increasing adoption of bubble wrap packaging in the electrical and electronic industries. These industries recognize the benefits of using bubble wrap to safeguard delicate and sensitive products.
Key Takeaways:
- The global bubble wrap packaging market is expected to reach US$3.8 billion by 2029, with a CAGR of 3.4% during 2022-2029.
- Rising demand for manufacturing, warehousing, and e-commerce are the primary drivers of market growth.
- Flammability concerns and environmental considerations have led to the development of recyclable and paper-based bubble wraps.
- Smurfit Kappa’s acquisition of Atlas Packaging has strengthened their presence in key sectors.
- The market is projected to experience a 10 BPS increase in H1-2022 compared to H1-2021, driven by the lightweight and protective nature of bubble wrap.
- Bubble wrap packaging is gaining popularity in the electrical and electronic industries.
Bubble wrap packaging has made notable progress in the e-commerce sector.
Bubble wrap 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
About Us:
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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