Bubble Wrap Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2029

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Bubble Wrap Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2029

Status : December, 2021 | Packaging

Report Digest

Global Bubble Wrap Packaging Market – Overview

Bubble wrap packaging is a type of packaging, which is made out of a two-layer polyethylene film. This film is being ensnared with air inside to shape a bubble. It encourages simple storage and creation of delicate products. The worldwide bubble wrap packaging market is relied upon to observe significant development during the forecast period

Global Bubble Wrap Packaging Market – Notable Developments

Some of the key developments in the global bubble wrap packaging market are given below:

  • In June 2018, Sealed Air Corporation signed an agreement with Kuraray America, Inc. (Kuraray), a Japanese chemical company to offer food packaging materials derived from its Plantic bio-based resins. This solution will enable the company to provide renewable packaging option and continue helping the industry address food waste by extending the shelf-life and freshness of food.
  • In May 2019, Sealed Air opened Singapore lab to provide thermal package design and testing to the region’s life sciences and food industries. It will enable expertise in primary food packaging, secondary product packaging, and its digital services portfolio to provide end-to-end temperature assurance solutions for product safety and consistency throughout the supply chain.

Some of the key companies in the global market are

  • Veritiv Corporation
  • Sealed Air Corporation
  • Jiffy Packaging Co.
  • Pregis Corporation

Global Bubble Wrap Packaging Market – Drivers and Restraints

There are several different reasons for the growth of the global bubble wrap packaging market. One of the key driving factor for the market growth has been the massive growth of e-commerce industry across the globe. In recent years, several e-commerce platforms have risen up to provide variety of goods and products. These companies offer goods ranging from china to metal product and electronics to furniture. Bubble wrap packaging forms an integral component of packaging for these companies as they aim to provide superior services and undamaged products to their consumers. Thus, the use and demand for bubble wrap packaging has grown considerably in recent years.

Another important factor for the growth of the global market has been the rising disposable income of consumers. People with higher income at their disposal are buying new and attractive products for their luxury. With rise in demand for variety of goods and products, packaging demands have also risen up. This has had a direct impact on the overall growth of the global bubble wrap packaging market.

Global Bubble Wrap Packaging Market – Geographical Outlook

The global bubble wrap packaging market has five key regional segments. These segments are North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Of these, currently, the global market is being dominated by the regional segment of Asia Pacific. The region is expected to lead over the course of the forecast period. One of the key driving factor for the growth of the bubble wrap packaging in Asia Pacific region is the emergence and flourishing of the e-commerce industry, particularly in the emerging economies such as India and China. The region is the fastest growing market in terms of both business to consumer and business to business trade models. Naturally, the growth of the Asia Pacifica market is expected to remain dominant in the coming years of the forecast period. On the other hand, the regional segment of North America is also expected to show a healthy growth rate in the near future.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

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TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?