Bubble Wrap Packaging Market 2017-2022 - Research Insights by Market Research Future
Global Bubble Wrap Packaging Market Information by Material (Polyethylene, Kraft Paper, Aluminum Foil, and others), Product (Bubble rolls, Bubble Bag, Bubble Mailers, and others), Application (Automotive, Pharmaceutical, E-Commerce, Electronics, and others), and Region – Forecast To 2022
Pune, India -- (SBWire) -- 03/15/2018 --Market Research Future published a research report on "Bubble Wrap Packaging Market Research Report- Forecast 2022" – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Sealed Air Corporation (North Carolina), Veritiv Corporation (Georgia), Pregis Corporation (U.S.), Tarheel Paper & Supply Company (U.S.), Jiffy Packaging Co. (U.K.), IVEX Protective Packaging Inc. (U.S.), Barton Jones packaging Ltd. (U.S.), Automated Packaging Systems, Inc. (U.S.), Abco Kovex Ltd. (Ireland) and Future Packaging and Machinery (PTY) Ltd (Johannesburg) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Bubble Wrap Packaging Market.
Global Bubble Wrap Packaging Market – Overview
Bubble wrap packaging is majorly a form of protective packaging which is composed of a two-layer polyethylene film. This film is being entrapped with air inside to form a bubble. It facilitates easy storage and production of fragile goods. The Global Bubble Wrap Packaging Market is growing with the rapid pace; mainly due to the increase in trend for the online shopping. The benefits of online shopping such as faster delivery, easier return policies, and free shipping, have made many customers switch from the traditional methods of shopping.
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According to a recent study report published by the Market Research Future, The global market of Bubble Wrap Packaging is booming and expected to gain prominence over the forecast period. The global bubble wrap packaging market is forecasted to demonstrate an exponential growth by 2023, surpassing its previous growth records in terms of value with a whooping, double digit CAGR of 7.13% during the estimated period (2017 – 2023).
Currently, the Bubble Wrap Packaging market is spurting mainly due to the rapid growth in electronic sector. Additionally, availability of biodegradable bubble wrap is the factor also fuels the growth of the market. However, availability of other alternative packaging is the factor may hamper the growth of the market.
Global Bubble Wrap Packaging Market - Competitive Analysis
Characterized by the presence of several well-established and small players, the global Market of Bubble Wrap Packaging appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. These key players compete based upon pricing, and services. Vendors operating in the market strive to deliver the best quality products and services based on innovative technologies, and best practices. These Key Players make a substantial investment for R&D and to secure a guaranteed resource for the customers. Bubble Wrap Packaging market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further.
In November 2016, Bubble bag products manufacturer VP Packaging has acquired bubble film company Envelopemaste. This acquisition helps the VP Packaging strengthen its position in UK market.
In August 2016, Kite Packaging launched a range of coated bubble wrap protective material known as 'Tuff-Wrap'. It has a non-abrasive woven layer to one side, which offers advanced protection to even the most delicate and valuable furniture.
In July 2016, Orlando Products, Inc. is one of the nation's largest providers of packaging supplies ranging from padded mailers, bubble wrap, and flexible sheet foams, completed the acquisition of Absolute Packaging, LLC. The acquisition provided Orlando Products with additional manufacturing capacity and expanded the company's presence in the Northern Virginia market.
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Bubble Wrap Packaging Market - Segmentation
Global Bubble Wrap Packaging Market is segmented in to three key dynamics for an easy grasp and enhanced understanding.
On the basis of materials, the market has been segmented as Polyethylene, Kraft Paper, Aluminum Foil, and others. Polythene dominates the material segment of the market. Polyethylene bubble wrap provides outstanding protection from damage caused by shock, vibration or scratch. The Aluminum foil segment is expected to grow at a highest CAGR during the forecast period. Aluminum foil offers the highest protection against air contaminants or tampering.
Based on product, the market has been segmented into Bubble rolls, Bubble Bag, Bubble Mailers, and others. Bubble Rolls dominates the product segment of the market followed by bubble bags. Bubble rolls are a universal packaging solutions that can be used at home, retail and even industrial level. Bubble wrap bags are used as cushions for many purposes such as to protect products. These bags protect delicate items and help keep products free from harm with bubbles between two layers of polyethylene.
On the basis of application, the market has been segmented into Automotive, Pharmaceutical, E-Commerce, Electronics, and others. E-commerce dominates the application segment of the market. Electronic segment is expected to grow at a highest CAGR during the forecast period.
Segmentation by Region: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.
Global Bubble Wrap Packaging Market - Regional Analysis
Asia Pacific region dominates the global bubble wrap packaging market. Rising disposable incomes among the individuals and the booming ecommerce industry are the major factor drivig the growth of the market in the region. China accounted for the largest share in Asia pacific region mainly due to strong economic growth along with increase in online shopping and rapid urbanization.
North America is the second largest market for the bubble wrap packaging. Growing demand for consumer goods and packaged foods is expected to spur market growth. The U.K., Germany and France dominate the bubble wrap packaging market in Europe. Rising demand for consumer and personal care products and growing e-commerce is expected to spur market growth.
The report for Global Bubble Wrap Packaging Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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