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 : February, 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.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?