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.
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.