The global bubble wrap packaging market size was around USD 2.91 Billion in 2022 and is anticipated to reach USD 4.07 Billion by 2031, expanding at a CAGR of 6.1% during the forecast period, 2023–2031. The market growth is attributed to the rising demand for robust packaging in manufacturing & warehousing sectors and the growing presence of e-commerce platforms across the globe.
A bubble wrap is a transparent plastic material that contains air-filled bubbles, primarily made from polyethylene film. It is largely used by manufacturers as packaging solution, especially for fragile products to ensure protection and safety of products during transportation. The bubble wrap packaging majorly consists of a two-layered polyethylene film with air trapped inside to form bubbles, which act as a cushion for packaged products.
In general, the sizes of these bubbles range from six mm to 26 mm in diameter, and 10 mm (one cm) is the most commonly used size among industries. Bubble wraps are broadly bifurcated into single layer-regular grade and double-layer-heavy duty, which are available in a range from 10 mm and 20 mm thickness.
Bubble wrap packaging is a lightweight, durable, and low-cost material, which is considered to be an ideal option for packaging that enhances the protection of objects from damage during handling, storage, and shipment. It is widely used across various industries for wrapping fragile products that require a thick layer of support to protect from direct contact with other objects.
This packaging is moisture-free, soft, and flexible, which are also used to fill gaps in boxes or shipping containers that help in temperature controls during collecting or shipping. Bubble wrap packaging and insulated shipping packaging help reduce the risk of damage during transportation.
The market report finds that the COVID-19 pandemic affected the global bubble wrap packaging market due to the prolonged shutdown of end-user industries such as personal care, automotive, and consumer electronics. The limitations and restrictions on transportation disrupted the supply chain of the global market during the COVID-19 pandemic.
The growth of the e-commerce sector during the pandemic increased the demand for bubble wrap packaging, which generated some revenue share of the market. Increasing awareness of hygiene among the masses due to the COVID-19 pandemic led to high demand for safe and high-quality packaging.
Market Dynamics
The research report provides a detailed information on growth and historical data about the key market trends, major drivers, existing restraints, and emerging opportunities. The global bubble wrap packaging market report includes a detailed analysis that can help in better understanding regarding the overall performance and output of the market during the forecast period, 2022 to 2030.
Major Drivers
Rising demand for safety packaging from various end-users, such as chemical, food & beverages, automotive, and electronics across the globe is a key factor driving the global market. Need for protective packaging for fragile items, such as glass and other sensitive electronic devices boost the growth in packaging solutions. Bubble wrap packaging is an effective method for packaging frangible items, which makes them popular in the protective packaging market that leads to generates high demand in the global market.
Growing demand for safety packaging globally from various industries is a key factor driving the market. Furthermore, increasing consumer preference toward online purchasing and the rapid growth of e-commerce platforms accelerate the high demand for bubble wrap packaging solutions. Bubble wrap packaging is an effective method for frangible items that offers low operation cost, which make them a popular choice for various industries.
Continuous expansion of online shopping over the globe has increased the demand for protective packaging. Growing number of online resellers provoking market players to come up with better packaging options. Market players focusing on reducing pilferage during transportation is likely to accelerate the market growth in the coming years.
Existing Restraints
Strict government regulations regarding the use of single-use plastic leads to a ban the plastic is expected to impact the market. People becoming more conscious regarding the environment and start to follow government regulations by avoiding the use of plastic which hamper the overall revenue growth of the global market during the forecast period. Growing pollution concern across the globe is the major factor restraining the market growth.
Furthermore, highly flammable nature and non-disposable properties of plastic affect the environment thus hampering the market. Highly increasing availability of other sustainable alternatives hinders the global market during the projected period. Increasing availability of other sustainable alternatives creates immense growth in the coming years. Recycle content reduced environmental impact which leads to motivate manufacturers to opt for recyclable packaging estimated to fuel the global bubble wrap packaging market during the projected period
Key Opportunities
Increasing awareness regarding environment leads to rising environmental concerns among the masses. They become more aware about the drawbacks of plastic consumption and its non-disposable property, resulting in rising the demand for eco-friendly products such as foam and paper is a key factor rising demand for biodegradable packaging materials.
The rapid technological advancement in the packaging industry is another major factor accelerating market growth. Double-sided bubble wrap for more shock absorption and anti-static bubble wrap for packing electronic items are becoming more popular in the market. Furthermore, high demand for recyclable bubble wrap is projected to create lucrative opportunities for the market players.
Scope of Bubble Wrap Packaging Market Report
The market report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes
|
Details
|
|
Report Title
|
Bubble Wrap Packaging Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2022
|
|
Historic Data
|
2016-2021
|
|
Forecast Period
|
2023-2031
|
|
Segmentation
|
Product (Bubble Sheets and Bubble Bags/mailers), Material (Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), and Linear Low-Density Polyethylene (LLDPE)), End-use (Manufacturing & Warehousing [Electronics & Electricals, Automotive & Allied Industries, Pharmaceutical, Cosmetics & Personal Care, Food & Beverages, and Others], e-commerce, and Logistics & Transportation)
|
|
Regional Scope
|
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
|
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
|
|
Key Players Covered in the Report
|
Automated Packaging System, LLC; Barton Jones Packaging Ltd; iVEX Protective Packaging Inc; Jiffy Packaging Co Ltd; Pregis LLC; Sealed Air; Smurfit Kappa; Veritiv Corporation.
|
Bubble Wrap Packaging Market Segments Insights
Based on product, the bubble wrap packaging market is bifurcated into bubble sheets and bubble bags/mailers. The bubble sheets segment held a key market share of around 3.6% in 2021 and is expected to expand significantly during the forecast period, due to rising demand for protective packaging. Bubble sheets are low in cost and suitable for wrapping a wide range of items especially electronic devices and frangible items during transportation.
The bubble bags segment is anticipated to hold a key share of the market in the coming years, owing to its wide use for filling gaps in boxes and traveling bags during long-distance transportation.
Based on material, the global market is fragmented into low-density polyethylene (LDPE), high-density polyethylene (HDPE), and linear low-density polyethylene (LLDPE). High-density polyethylene (HDPE) segment held a key market and is anticipated to expand at a significant growth rate in the coming years owing to the rising demand in the global market due to its desirable properties and can recycled.
The linear low-density polyethylene segment is expected to expand at a rapid pace during the projected period as it has good resistance to chemicals and good electrical properties, which leads to contribute market growth.
On the basis of end-user, the market is divided into manufacturing & warehousing, e-commerce, and logistics & transportation. Manufacturing & warehousing is further segmented into electronics & electricals, automotive & allied industries, pharmaceutical, cosmetics & personal care, food & beverages, and others. The manufacturing & warehousing segment is expected to register a robust growth rate during the forecast period.
Rapid increase in the electronics and electrical industries due to expanding prevalence across the globe and the need for electronic gadgets, such as mobile phones generating the demand for mobile phone accessories packaging, which creates immense growth in the global market. However, the logistics & transportation segment is anticipated to grow the market, due to increasing demand for safety among people during transportation. Due to its lightweight and flexibility, bubble wrap packaging allows to wrap the product of any size and shape of the products which leads to driving the global market.
The e-commerce segment is attributed to expand at a rapid pace in the coming years, due to the increasing trend of online shopping for fragile and electronic items. When customers place their orders, they expect to be delivered in pristine condition which generates a high demand for the bubble wrap packaging market.
Based on region, the bubble wrap packaging market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is estimated to dominate the market during the projected period. The presence of developing economies such as China, India, and Indonesia makes this region a global hub of manufacturing. The regional market growth is attributed to rising in the manufacturing hub results in rising the demand for protective packaging in consumer goods.
The market in North America is anticipated to expand at a rapid pace in the coming years, due to the high demand for packaged products, especially packaged food rising demand for bubble wrap packaging.
Segments
The global bubble wrap packaging market has been segmented on the basis of
Product
- Bubble Sheets
- Bubble Bags/mailers
Material
- Low-Density Polyethylene (LDPE)
- High-Density Polyethylene (HDPE)
- Linear Low-Density Polyethylene (LLDPE)
End-use
- Manufacturing & Warehousing
- Electronics & Electricals
- Automotive & Allied Industries
- Pharmaceutical
- Cosmetics & Personal Care
- Food & Beverages and Others
- E-Commerce
- Logistics & Transportation
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the global bubble wrap packaging market include Automated Packaging System, LLC; Barton Jones Packaging Ltd; iVEX Protective Packaging Inc; Jiffy Packaging Co Ltd; Pregis LLC; Sealed Air; Smurfit Kappa; Veritiv Corporation.
Some of these players are using several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares, generate revenue, and raise their production lines. For instance,
- In January 2022, a new solution for packaging fast food has developed by Smurfit Kappa which offered sustainable alternatives to existing single-use of plastic.
- In June 2021, a new equipment system to meet the accelerating demand for Automated Packaging Systems (APS) invested by Sealed Air Corporation. The investment is for the expansion of capacity, “touchless” automation, and proprietary digital printing technologies.
- In September 2020, AirSpeed Ascent high-pressure air cushioning system introduced by Pregis (a leading manufacturer of protective packaging company). This creates square pattern cushioning and providing superior protection to products.
Request For Customization
Enquiry Before Buying
Speak With Analyst
