Bubble Wrap Packaging Market: Overview
A bubble wrap is a type of packaging used by the manufacturers to cover delegate and malleable product. It is made from transparent plastic material and consist of regularly spaced air-filled hemispheres, or bubbles. This acts as a cushion to packaged products. It generally comprises two-layered polyethylene film, with air entrapped inside to form bubbles and this is primarily used to protect product during transportation.
An upcoming Transparency Market Research report on the bubble wrap packaging market promises to cover all essential details that could help bolster growth in the future. The report covers key trends, challenges, geographical distribution, and the competitive landscape of the global bubble wrap packaging market.
Bubble Wrap Packaging Market: Notable Developments
Some of the notable developments in the bubble wrap packaging market are-
Key players are focusing to enhance the quality of the bubble wrap packaging in order to increase the application of bubble wrap packaging. To achieve this, they are launching temperature-controlled bubble wraps, and high-grade bubble wraps to gain a competitive edge.
Apart from this, Automated Packaging Systems launched new AirPouch protective packaging materials in the market. As per the company, this material has twin pillow, this offer extra protection to the products.
In addition to this, players are focusing on several stretegies such as acquisitions and mergers, business expansions and collaboration to increase their dominance in the bubble warp packaging market.
Some of the key players operating in the global bubble wrape packaging market are Pregis Corporation, FROMM Packaging Systems Inc., Polyair Inter Pack Inc., Free-Flow Packaging International, Inc., Automated Packaging Systems, Inc., Inflatable Packaging, Inc., and Omniverse Foster Packaging Group.
Bubble Wrap Packaging Market: Key Growth Dynamics
There are several packaging options available across the globe, among all the options demand for bubble wrap packaging is expected to remain high. This is mainly because of its ability to safeguard elemental property of product. Apart from this, blooming retail industry is one significant factor expected to drive the growth of the bubble wrap packaging market. This is because, bubble wrap in primarily used in retail industry to protect products like electronics, gift items and other at the time of transportation.
Moreover, continuous expansion of online shopping has spurred demand for flexible protective packaging products. 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.
On the flipside, easy availability of cheaper substitute of the bubble wrap is expected to hamper the growth of the bubble warp packaging market. Along with this, bubble wrap is made from plastics and stringent governmental regulation over the use of plastic in another factor damping the prospects of the bubble wrap packaging market in the forecast period.
However, to overcome this bubbe wrape packaging market are focusing on eco-friendly products such as versatile foam packaging, and recycle paper. This is expected to drive the global bubble wrap packaging market in the coming year.
Bubble Wrap Packaging Market: Regional Outlook
On the basis of geography, Asia Pacific is expected to dominate the global bubble wrap packaging market during the forecast period. This is mainly because of the increasing penetration of the internet in the region. The booming e-commerce industry coupled with increasing purchasing power of people, particularly in India and China, are offering a significant push to the global bubble wrap packaging market in the coming year.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold 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.