In its recently released study titled “Bubble Wrap Packaging Market: Global Industry Analysis 2014-2018 and Opportunity Assessment 2019-2029,” Future Market Data provides crucial insights into the bubble wrap packaging market. The global bubble wrap packaging market is anticipated to grow financially at a CAGR of 3% throughout the forecast period as a result of several variables, on which FMI provides in-depth analysis and projections in this study.
The product, material, end-use industry, region, and segmentation of the worldwide bubble wrap packaging market have all been taken into consideration. By the end of 2029, it is anticipated that the size of the worldwide market would have increased by 1.4 times.
Bubble wrap packaging has made notable progress in the e-commerce sector.
Bubble wrap is a translucent, flexible plastic used to package particularly sensitive products. Breakable articles are cushioned by regularly spaced, projecting air-filled hemispheres (bubbles). Numerous end-use industries, including e-Commerce, manufacturing & warehousing, logistics, and transportation, frequently use bubble wrap packaging. The e-Commerce business has detected the widespread use of bubble wrap packaging, and it is predicted to grow at a CAGR of 4% during the projected period.
Every segment of the retail industry has seen significant change. Due to increased discretionary income and a disinclination to spend more time shopping, customers are becoming more likely to make purchases online. This causes the e-Commerce sector to grow steadily.
• A rise in the number of online resellers is pushing companies like Amazon and Target to develop the best packing forms to outdo competitors and provide cheaper, faster shipping with specialized packaging techniques. The use of protective packaging and air pillows, particularly for online orders, has significantly fueled the rise of the bubble wrap packaging industry.
Pregis Corporation and Packaging Insights’ survey found that 73% of customers are unlikely to make another purchase from the business after receiving damaged goods. All manufacturers pay extra attention to packaging since they are concerned about the needs of the customers and don’t want to lose them. The critical role protective packaging plays in retaining online clients and enhancing a company’s brand image would result in a spike in demand for bubble wrap packaging.
Key Segments Covered In Bubble Wrap Packaging Industry Research
- Bubble Sheets
- Bubble Bags/mailers
- Manufacturing & Warehousing
- Electronics & Electricals
- Automotive & Allied Industries
- Food & Beverages
- Cosmetics & Personal Care
- Others (Agriculture, Healthcare, etc.)
- Logistics & Transportation
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa (MEA)
Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Source, Application, Sales Channel, and End Use over the next 10 years.