The global bubble wrap packaging market will exhibit an impressive growth throughout the forecast period 2017-2026. Global sales of bubble wrap packaging are estimated to account for approximately US$ 3,500 Mn by 2026-end.
Albany, NY -- (SBWIRE) -- 01/11/2018 -- This research report offers a comprehensive analysis of the "Bubble Wrap Packaging Market: Polyethylene (PE) to Remain Sought-after Among Products in the Market: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2026)" The main objective of this report is to deliver insightful information and clear-cut facts pertaining to the growth trajectories of the market.
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A bubble wrap is a malleable transparent plastic material, basically utilized for packaging fragile products. The protruding regularly spaced air-filled hemispheres, or bubbles, offer cushioning for products. Bubble wrap packaging refers to a type of flexible protective packaging that comprises two-layered polyethylene film, with air entrapped inside to form bubbles.
Continuous Expansion of Online Shopping to Spur Demand for Bubble Wrap Packaging
Although various packaging options currently available in the market provide significant aesthetic values to products, bubble wrap packaging adheres more to the elemental property of protection. Demand for consumer goods has gained immense traction over the past few years, in tandem with growing profitability in retail sector. Continuous expansion of online shopping has spurred demand for flexible protective packaging products such as bubble wraps. Major players in the market are shifting their focus toward reducing pilferage during transportation of goods, which in turn is significantly influencing demand for bubble wrap packaging.
However, availability of relatively affordable and eco-friendly alternatives to bubble wrap packaging, such as the versatile foam packaging, and recycle paper, are likely to hinder their market expansion. According to a recent report by Future Market Insights (FMI), the global bubble wrap packaging market will exhibit an impressive growth throughout the forecast period (2017-2026). Global sales of bubble wrap packaging are estimated to account for approximately US$ 3,500 Mn by 2026-end.
E-commerce End-Use Sector will Continue to Account for Largest Revenues in the Market
Sales of bubble wrap packaging in E-commerce, a mature end-use sector, will exhibit a moderate expansion through 2026. However, revenues from sales of bubble wrap packaging in e-commerce will remain the largest over the forecast period. Personal care & cosmetics is anticipated to remain the least lucrative end-use sector in the global bubble wrap packaging market.
The bubble wrap packaging market will witness the largest revenue generation in Asia-Pacific excluding Japan (APEJ) during the forecast period. The booming e-commerce industry, coupled with increasing purchasing power of people, particularly in India and China, are complementing the market growth in the region. Revenues from bubble wrap packaging market in APEJ and Latin America are projected to increase at similar CAGRs through 2026.
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Polyethylene to Remain Sought-after among Manufacturers of Bubble Wrap Packaging
Polyethylene (PE) will continue to be sought-after among manufacturers of bubble wrap packaging. Revenues from bubble wrap packaging made from PE are expected to surpass US$ 1,500 Mn by 2026-end. However, sales of PE-based bubble wrap packaging will register the lowest CAGR in the market through 2026. In contrast, sales of bubble wrap packaging made from polyamide is projected to ride on the highest CAGR through 2026.
On the basis of product type, general grade bubble wraps are anticipated to dominate the global bubble wrap packaging market, in terms of revenues. However, sales of general grade bubble wraps will exhibit a comparatively lower CAGR than all the other products in the market through 2026. In addition, temperature-controlled bubble wraps, and high-grade bubble wraps will continue to be the fast-selling products in the market.
In FMI's report on the global bubble wrap packaging market, key players actively contributing to the market expansion have been identified. These market players include Sealed Air Corporation, Smurfit Kappa Group, Pregis Corporation, Storopack Hans Reichenecker GmbH, FROMM Packaging Systems Inc., Automated Packaging Systems, Inc., Polyair Inter Pack Inc., Free-Flow Packaging International, Inc., Inflatable Packaging, Inc., and Omniverse Foster Packaging Group. Regional players in the market are offering innovative solutions at reduced costs, posing a stiff competition to international players. However, these regional player lag in terms of factors such as range of product offerings, features, and product quality.
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