Packaging plays an indispensable role in protection of products across various industries in the overall shelving and supply chain processes. Electronic products, for example - light bulbs, are delicate in nature and need specific packaging for ensuring damage protection from shocks and stress. Bulb packaging is not only known for protecting light bulbs against physical damages, but also in providing information about products and manufacturing companies to customers. Packaging of light bulbs offers information including lumen intensity, power demand, efficiency class, energy class, and average lifespan in hours. Damage resistant packaging lowers chances of damages to bulbs, improving fill rate of suppliers. When lying on shelf, or during a transit, light bulbs are likely to lose their functionality. This is making manufacturers to supply bulb packaging which are sturdy, damage resistant, and have high-grade qualities.
Growth of the global light bulb packaging market is primarily attributed to installation capacity around the globe pertaining to lighting requirements. Light bulbs installed are needed to be changed post-completion of their lifespan, which is driving demand for light bulb packaging globally. While incandescent bulbs are witnessing a robust decline in adoption, CFL and LED light bulbs hold major shares of the global bulb packaging market.
Global Market for Bulb Packaging: Market Dynamics
Rapid growth of urbanization and soaring population, particularly across APEJ countries, are factors estimated to propel demand for lighting products, thereby fostering growth of the global bulb packaging market. Demand for LED bulbs is witnessing a rise owing to its performance with high efficiency. LED bulbs will account for half of the global demand for light bulbs during the forecast period. This will further drive growth of the market. Shifting consumer preferences towards e-retail has transformed packaging to become more prominent than before. E-retail is estimated to register an impressive growth in the near future, affecting the market for light bulb packaging. This is further expected to drive demand for light bulbs, and thereby its packaging globally.
Requirement for protection of light bulbs against physical damages at the time of transit have paved opportunities for innovation in light bulb packaging. Plastic is a preferred material for light bulb packaging, owing to its high insulation properties. However stringent rules imposed by regulatory authorities on utilization of plastic is likely to inhibit growth of the market. Increasing usage of eco-friendly materials for production of folding cartons and paperboard offers more opportunities to growth of the global bulb packaging market. Moreover, sustainable and reusable packaging techniques are likely to further influence growth of the market during the forecast period.
Global Market for Bulb Packaging: Market Segmentation
The global bulb packaging market is categorized on the basis of material type, and end-use.
Based on material type, the global market for bulb packaging is categorized into:
- Non ecofriendly material
- Eco-friendly material
Based on the end use, the global market for bulb packaging is categorized into:
- Incandescent lamp packaging
- LED packaging
- CFL packaging
Global Market for Bulb Packaging: Regional Outlook
Region-wise, the global market for bulb packaging is categorized into:
- Western Europe
- North America
- Eastern Europe
- Latin America
- Middle East & Africa (MEA)
- Asia-Pacific excluding Japan (APEJ)
APEJ and Latin America are expected to remain dominant in the global bulb packaging market owing to high consumption and production in the region. APEJ holds one-third share of the global LED bulb production, and is a major consumer of light bulbs globally.
Bulb Packaging Market: Key Players:
Some players actively participating in the global bulb packaging market include Shenzhen Shunbaoda Plastic MFG Co., Ltd, Global Packaging Alliance (GPA), FORMA Structural Packaging, Global Printing & Packaging Co. Pvt. Ltd, and Shenzhen Kaii Packaging Product Co., Ltd.
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