Future Market Insights delivers vital insights on the bubble wrap packaging market in its published report titled, “Bubble Wrap Packaging Market: Global Industry Analysis 2014-2018 and Opportunity Assessment 2019-2029” . In terms of revenue, the global bubble wrap packaging market is projected to expand at a CAGR of ~3% during the forecast period, owing to numerous factors upon which FMI offers thorough insights and forecasts in this report.
The global bubble wrap packaging market has been segmented on the basis of product, material, end-use industry, and region. The global market is expected to expand 1.4x in terms of market volume by the end of 2029.
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Noteworthy Progression of Bubble Wrap Packaging in the e-Commerce Industry
Bubble wrapis a flexible and transparent plastic material used for the packaging of especially delicate items. Regularly spaced, protruding air-filled hemispheres (bubbles) provide cushioning for breakable items. Bubble wrap packaging is widely used in a number of end-use industries such as e-Commerce, manufacturing & warehousing, logistics, and transportation. The extensive application of bubble wrap packaging is identified in e-Commerce industry, and it is anticipated to increase at a CAGR of ~4% during the forecast period.
The retail industry has witnessed huge makeover in every sectors. Consumers are getting more inclined towards online purchasing due to rising consumers’ discretionary income and reluctance to spend more time on shopping. This leads to the steady progress in the e-Commerce industry.
According to study conducted by Pregis Corporation & Packaging Insights, it has been concluded that 73% of consumers are unlikely to repurchase from the company after receiving damaged items. Packaging is especially taken care of by all manufactures as they are focused on consumers’ needs and don’t want to lose them either. This would lead to surge in demand for bubble wrap packaging, as protective packaging plays a vital role to retain online customers and enhance the brand image of the company.
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East Asia to Hold Prominent Share in the Bubble Wrap Packaging Market
Recyclable Content in Bubble Wrap as an Additional Value
Leading manufacturers’ choice includes addition of 25-60% recycled content in the bubble wrap packaging to reduce its environmental impact. Recyclable bubble wrap packaging will help manufacturers to maintain their foothold in the evolving protective packaging industry. The rise in awareness of drawbacks of plastic consumption and its non-disposable property have motivated manufactures to opt for recyclable packaging methods, especially for fragile products.
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Key Segments Covered In Bubble Wrap Packaging Industry Research
By Product:
By Material:
By End-use:
By Region:
About FMI
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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