Market Research Future published a half cooked research report on global bubble wrap packaging market. The global bubble wrap packaging market is expected to grow over the CAGR of around 5.5% during the period 2016 to 2022
Bubble wrap is a type of flexible packaging material used for protecting the product by wrapping the product. It is also used for the purpose of cushioning and void filling. Such packaging is ideal for fragile and sensitive goods. The increased demand for such packaging depends heavily on the emergence of e-commerce platforms and organized retail outlets in cities and townships.
The popularity of online shopping has gone up across the globe. The markets of North America and Europe have matured and show a steady demand for products and services purchased online. The regions of APAC have recently showed transition of demand from small retail outlets to the virtual outlets. The ease of purchase and convenience of the consumers have led to the mushrooming of number of players in the market offering goods and services online. The people in the emerging nations have welcomed the format in such a big way that the players find it lucrative to set up in these regions.
The growth of e-commerce websites runs parallel with the packaging industry. The reason is the dependence of the online shopping portals on the logistics solutions. The industry depends on the safe and quick delivery of the products to the end-user. The packaging plays an important role. Bubble wraps are used extensively to ship the product in the best possible way, so that it reached the user without being damaged or tampered. The authenticity of the product is of high importance and it is achieved by high quality packaging solutions. Furthermore the industries such as organized retails, electronics, pharmaceuticals, etc. also used such packaging across the globe for the protection of the product. The global bubble wrap packaging market is projected to cross USD 8 Billion in 2022, at a CAGR of approximately 5.5% in the forecasted period.
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Key Players of Bubble Wrap Packaging Market:
- Sealed Air Corporation
- Automated Packaging System
- Abco Kovex Ltd.
- Barton Jones Packaging Ltd.
- Future Packaging and Machinery (PTY) Ltd.
- iVEX Protective Packaging Inc,
- Jiffy Packaging Co. Limited
- Pregis Corporation
- Rajapack Ltd.
- Tarheel Paper & Supply Company
Market Research Analysis:
The market is highly application based. The key driver for market growth is increased emphasis on packaging across all industries. This is backed by the availability of bio-degradable bubble wrap and light weight material. It is expected that the global bubble wrap packaging market will advance with higher growth rate as compared to previous years. However the current challenge for the market is the high demand for eco-friendly packaging along with increasing competition from emerging nations.
On the basis of application, e-commerce leads the market share. The share is attributed to the increased demand from APAC region. The demand is induced by the increased awareness about eco-friendly and there are variants in bubble wrap that fulfil the requirement. Furthermore the need for light weight packaging which protects the forma and value of the product, especially electronics, appliances and other fragile products fuels the demand for such packaging material. On the basis of region, APAC accounts for the fastest growing market due to increasing popularity of inline shopping among the population.
Scope of the Report:
This study provides an overview of the global bubble wrap packaging industry, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global bubble wrap packaging market as material, product and application.
- Bubble Bags
- Bubble mailer
- Bubble Tube
- Automotive industry
- Electrical & electronics
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining power of buyers
4.1.3 Threat of substitutes
4.1.4 Segment rivalry
4.2 Value Chain of Global Bubble Wrap Packaging Market
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