Bulb Packaging Market: Size, Share, Growth, Trends, and Forecasts 2016–2024
Deerfield Beach, FL -- (SBWIRE) -- 09/04/2017 -- Bulb Packaging Market: Overview
Packaging is a huge industry and is developing very rapidly. The electronic products are very delicate hence they need to be handled very carefully in order to protect them from the damage. In the electronic products comes the light bulbs which need to be protected from the external damages thus they need to be packaged with extra caution. The packaging of the bulb not only protects the bulb from external physical damages but the useful information about the product is also displayed. The information that is provided includes the lumen intensity, energy class, power demand, average life, efficiency class, and much more.
Bulb Packaging Market: Segmentation
The global bulb packaging market is fragmented into its material type and its end-usage. On the basis of the material used, the global market is segregated into the non-ecofriendly material and eco-friendly material. On the basis of the end-usage, the market is categorized into incandescent lamp packaging, CFL packaging, and LED packaging.
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Bulb Packaging Market: Growth Factors
The rapid urbanization that has taken place in the developing regions has increased the demand for the products that provide light. This demand will keep on increasing in the coming years which will, in turn, fuel the demand for the bulb packaging market. In the coming years, the demand for the LED lamps will increase owing to its high efficiency. Another factor that is contributing to the growth of the market is the increasing inclination of the consumers towards the e-retail which has indirectly increased the demand for the packaging as the consumers are online ordering the household products which include the light bulbs. The light bulbs when are transported needs to be protected from the physical damages and if broken can cause harmful effects due to the mercury vapors released into the environment, thus the bulb packaging is gaining much importance. It has created the need for the manufacturers of the bulb packaging to come up with some innovative ideas in order to attract the consumers. Different types of eco-friendly materials are being used in the bulb packaging such as paper boards and folding cartons which are providing opportunities in the bulb packaging market.
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Bulb Packaging Market: Regional Analysis
The regions that are expected to dominate the bulb packaging market are Latin America and Asia Pacific region. The factors that are contributing to the market growth in these regions are these regions have the highest production of the bulbs and it is also highly consumed in these regions. One-third of the LED bulb production is done in Asia Pacific region and it is the major consumer of the light bulbs. In the coming years, the regions such as North America and Europe will contribute a significant share in the growth of the bulb packaging market.
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Bulb Packaging Market: Competitive Players
The key market players that are involved in the bulb packaging market include Global Printing & Packaging Co. Pvt. Ltd., Shenzhen Green Plastic Products Co., Ltd., Shenzhen Shunbaoda Plastic Mfg Co., Ltd., Global Packaging Alliance, Shenzhen Kaii Packaging Product Co., Ltd., and FORMA Structural Packaging.
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