Bubble Bag Market: Introduction
Bubble bags are packaging products made up of resins such as high density polyethylene, low density polyethylene and recycled polyethylene, and contains numerous small air pockets. It comes with air retention technology which prevents bubble cell from losing air and provides extra protection while transportation and handling. Bubble bags are light weight, transparent and reduce freight and packaging costs. It also offers excellent moisture resistance, protection against abrasion, good insulation and great ease of handling. It is designed for packaging of fragile products such as electronic goods, pharmaceutical products, antiques and automobile parts among others. Bubble bags are economical, reusable, quick to use and ideal for faster wrapping, hence it widely used in packing industry.
Bubble bags are commercially available with different functionality such as antistatic bubble bags, water resistance bubble bags, bubble envelops, and heavy duty bubble bags. Antistatic bubble bags are widely used for packaging of electronics components in order to protect it from static damage. While bubble envelopes are used for packaging of CD’s, DVD’s, jewelry and antiques etc. Bubble bags are also available with adhesives and cohesive insulation, which provides self-sealing adhesive strip.
Bubble Bag Market: Market Dynamics
Growing end-use industries such as electronics, FMCG, E-commerce and packaging are key drivers to promote continuous growth of the global bubble bags market. Owing to its value added applications from protection of goods to its safe distribution and transportation, it is expected to see new investments in its market especially in developing countries. The global bubble bags market is expected to grow steadily in developed nations, as consumers will continue to need this product for shopping and handling. Additionally, role of private consumers, retailer, and local packaging firms, who are more focus on delivering the goods in local market is expected to augment the demand of bubble bags.
However, sustainability of the global bubble bags market is majorly depends on the price and supply of raw materials. Presence of big and small packaging firms created highly competitive market environment for bubble bags market.
Bubble Bag Market: Market Segmentation
Based on types, the global bubble bag market can be segmented as follow as;
- Plain Bubble Bags
- Antistatic Bubble Bags
- Moisture Resistance Bubble Bags
- Bubble Envelops
- Heavy Duty Bubble Bags
Based on end-use industries, the global bubble bag market can be segmented as follow as;
- Electrical and Electronics
Based on geographies, the global bubble bags market can be segmented as follow as;
- North America
- Latin America
- Asia Pacific Excluding Japan (APEJ)
- Western Europe
- Eastern Europe
- Middle East and Africa (MEA)
Bubble Bag Market: Regional Outlook
The market is well established in North America and western countries, and it is expected to grow linearly over the forecast period. Growing economies such as China, India and Brazil are expected to emerge as most attractive geographical segment in global Bubble Bag Market. This is primarily because of shifting of industrial manufacturing of electronics and automobile components from North America and Europe to Asia Pacific, and rapidly expanding end-use industries such as e-commerce, FMCG and packaging in China and India. Similarly, Latin America and MEA are expected to create opportunities for the bubble bags manufacturers, because of increasing demand for consumer goods in these regions.
Bubble Bag Market: Key Players
Some of the key players in global bubble bag market are as follow as;
- Miller Supply Inc.
- Desco Industries Inc.
- Tip Corporation Sdn. Bhd.
- Polybags Limited
- 3A Manufacturing
- Carters Packaging Ltd.
- Abco Kovex Ltd.
- Weihai Fujingtang New Products Co., Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments and geographies.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America
- Latin America
- Asia Pacific Excluding Japan
- Western Europe
- Eastern Europe
- Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.