Packaging Industry Today
Bubble Wrap Packaging Market 2018-2023 CAGR of 7.45% To be Observed | Continuous Growth of Online Shopping Market is Responsible to Boost Global Market
Global Bubble Wrap Packaging Market Information by Material (Polyethylene, Kraft Paper, Aluminum Foil, and others), Product (Bubble rolls, Bubble Bag, Bubble Mailers, and others), Application (Automotive, Pharmaceutical, E-Commerce, Electronics, and others), and Region – Forecast To 2022
Published 10 April 2018
Global Bubble Wrap Packaging Market - Overview
Bubble wrap packaging is majorly a form of protective packaging which is composed of a two-layer polyethylene film. This film is being entrapped with air inside to form a bubble. It facilitates easy storage and production of fragile goods. The Global Bubble Wrap Packaging Market is growing with the rapid pace; mainly due to the increase in trend for the online shopping. The benefits of online shopping such as faster delivery, easier return policies, and free shipping, have made many customers switch from the traditional methods of shopping.
According to a recent study report published by the Market Research Future, The global market of Bubble Wrap Packaging is booming and expected to gain prominence over the forecast period. The global bubble wrap packaging market is forecasted to demonstrate an exponential growth by 2023, surpassing its previous growth records in terms of value with a whooping, double digit CAGR of 7.13% during the estimated period (2017 – 2023).
The bubble wrap packaging market is expected to reach a market size of USD 10.73 Billion by the end of 2023. The market is expected to grow with 7.04% CAGR.
Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/1796
Currently, the Bubble Wrap Packaging market is spurting mainly due to the rapid growth in electronic sector. Additionally, availability of biodegradable bubble wrap is the factor also fuels the growth of the market. However, availability of other alternative packaging is the factor may hamper the growth of the market.
Key Players:
Sealed Air Corporation (North Carolina), Veritiv Corporation (Georgia), Pregis Corporation (U.S.), Tarheel Paper & Supply Company (U.S.), Jiffy Packaging Co. (U.K.), IVEX Protective Packaging Inc. (U.S.), Barton Jones packaging Ltd. (U.S.), Automated Packaging Systems, Inc. (U.S.), Abco Kovex Ltd. (Ireland) and Future Packaging and Machinery (PTY) Ltd (Johannesburg) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Bubble Wrap Packaging Market.
Industry News
In November 2016, Bubble bag products manufacturer VP Packaging has acquired bubble film company Envelopemaste. This acquisition helps the VP Packaging strengthen its position in UK market.
In August 2016, Kite Packaging launched a range of coated bubble wrap protective material known as ‘Tuff-Wrap’. It has a non-abrasive woven layer to one side, which offers advanced protection to even the most delicate and valuable furniture.
In July 2016, Orlando Products, Inc. is one of the nation's largest providers of packaging supplies ranging from padded mailers, bubble wrap, and flexible sheet foams, completed the acquisition of Absolute Packaging, LLC. The acquisition provided Orlando Products with additional manufacturing capacity and expanded the company's presence in the Northern Virginia market.
Bubble Wrap Packaging Market by Application:
Over the last few years, the global bubble wrap packaging market has witnessed a strong growth on account of changing lifestyles, the increasing urbanization, rising e-commerce segment, and increasing awareness about environmental sustainability and the availability of bio-degradable bubble wrap. The market has been divided into different applications which include automotive, pharmaceutical, e-commerce, electronics, and others.
With new and more advanced products being regularly developed in the market, the automotive industry is constantly growing and expanding. Bubble wraps are generally used for different packaging items such as steering wheels, mirror, and other automotive parts. It helps to reduce damages and ensure safe working conditions for handlers by adequately packaging all mechanical or automotive parts.
Growing trend of the online shopping
The demand for the bubble wrap packaging is increasing due to the continuous growth of the online shopping market. Many customers are switching to modern methods of shopping on account of benefits it offers such as faster delivery, easier return policies, and free shipping. The strong consumer demand for a high variety of products and the availability of different kinds of goods drive the growth of the online shopping market. Amazon (U.S.) was leading the market with total revenue of USD 107,006 million, as compared to eBay (U.S.) with total revenue of USD 8,592 million in 2015.
Access Full Report @ https://www.marketresearchfuture.com/reports/bubble-wrap-packaging-market-1796
Global Bubble Wrap Packaging Market - Regional Analysis
Asia Pacific region dominates the global bubble wrap packaging market. Rising disposable incomes among the individuals and the booming ecommerce industry are the major factor drivig the growth of the market in the region. China accounted for the largest share in Asia pacific region mainly due to strong economic growth along with increase in online shopping and rapid urbanization.
North America is the second largest market for the bubble wrap packaging. Growing demand for consumer goods and packaged foods is expected to spur market growth. The U.K., Germany and France dominate the bubble wrap packaging market in Europe. Rising demand for consumer and personal care products and growing e-commerce is expected to spur market growth.
Bubble Wrap Packaging Market - Segmentation
Global Bubble Wrap Packaging Market is segmented in to three key dynamics for an easy grasp and enhanced understanding.
On the basis of materials, the market has been segmented as Polyethylene, Kraft Paper, Aluminum Foil, and others. Polythene dominates the material segment of the market. Polyethylene bubble wrap provides outstanding protection from damage caused by shock, vibration or scratch. The Aluminum foil segment is expected to grow at a highest CAGR during the forecast period. Aluminum foil offers the highest protection against air contaminants or tampering.
Based on product, the market has been segmented into Bubble rolls, Bubble Bag, Bubble Mailers, and others. Bubble Rolls dominates the product segment of the market followed by bubble bags. Bubble rolls are a universal packaging solutions that can be used at home, retail and even industrial level. Bubble wrap bags are used as cushions for many purposes such as to protect products. These bags protect delicate items and help keep products free from harm with bubbles between two layers of polyethylene.
On the basis of application, the market has been segmented into Automotive, Pharmaceutical, E-Commerce, Electronics, and others. E-commerce dominates the application segment of the market. Electronic segment is expected to grow at a highest CAGR during the forecast period.
Segmentation by Region: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for , regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Bubble wrap packaging is majorly a form of protective packaging which is composed of a two-layer polyethylene film. This film is being entrapped with air inside to form a bubble. It facilitates easy storage and production of fragile goods. The Global Bubble Wrap Packaging Market is growing with the rapid pace; mainly due to the increase in trend for the online shopping. The benefits of online shopping such as faster delivery, easier return policies, and free shipping, have made many customers switch from the traditional methods of shopping.
According to a recent study report published by the Market Research Future, The global market of Bubble Wrap Packaging is booming and expected to gain prominence over the forecast period. The global bubble wrap packaging market is forecasted to demonstrate an exponential growth by 2023, surpassing its previous growth records in terms of value with a whooping, double digit CAGR of 7.13% during the estimated period (2017 – 2023).
The bubble wrap packaging market is expected to reach a market size of USD 10.73 Billion by the end of 2023. The market is expected to grow with 7.04% CAGR.
Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/1796
Currently, the Bubble Wrap Packaging market is spurting mainly due to the rapid growth in electronic sector. Additionally, availability of biodegradable bubble wrap is the factor also fuels the growth of the market. However, availability of other alternative packaging is the factor may hamper the growth of the market.
Key Players:
Sealed Air Corporation (North Carolina), Veritiv Corporation (Georgia), Pregis Corporation (U.S.), Tarheel Paper & Supply Company (U.S.), Jiffy Packaging Co. (U.K.), IVEX Protective Packaging Inc. (U.S.), Barton Jones packaging Ltd. (U.S.), Automated Packaging Systems, Inc. (U.S.), Abco Kovex Ltd. (Ireland) and Future Packaging and Machinery (PTY) Ltd (Johannesburg) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Bubble Wrap Packaging Market.
Industry News
In November 2016, Bubble bag products manufacturer VP Packaging has acquired bubble film company Envelopemaste. This acquisition helps the VP Packaging strengthen its position in UK market.
In August 2016, Kite Packaging launched a range of coated bubble wrap protective material known as ‘Tuff-Wrap’. It has a non-abrasive woven layer to one side, which offers advanced protection to even the most delicate and valuable furniture.
In July 2016, Orlando Products, Inc. is one of the nation's largest providers of packaging supplies ranging from padded mailers, bubble wrap, and flexible sheet foams, completed the acquisition of Absolute Packaging, LLC. The acquisition provided Orlando Products with additional manufacturing capacity and expanded the company's presence in the Northern Virginia market.
Bubble Wrap Packaging Market by Application:
Over the last few years, the global bubble wrap packaging market has witnessed a strong growth on account of changing lifestyles, the increasing urbanization, rising e-commerce segment, and increasing awareness about environmental sustainability and the availability of bio-degradable bubble wrap. The market has been divided into different applications which include automotive, pharmaceutical, e-commerce, electronics, and others.
With new and more advanced products being regularly developed in the market, the automotive industry is constantly growing and expanding. Bubble wraps are generally used for different packaging items such as steering wheels, mirror, and other automotive parts. It helps to reduce damages and ensure safe working conditions for handlers by adequately packaging all mechanical or automotive parts.
Growing trend of the online shopping
The demand for the bubble wrap packaging is increasing due to the continuous growth of the online shopping market. Many customers are switching to modern methods of shopping on account of benefits it offers such as faster delivery, easier return policies, and free shipping. The strong consumer demand for a high variety of products and the availability of different kinds of goods drive the growth of the online shopping market. Amazon (U.S.) was leading the market with total revenue of USD 107,006 million, as compared to eBay (U.S.) with total revenue of USD 8,592 million in 2015.
Access Full Report @ https://www.marketresearchfuture.com/reports/bubble-wrap-packaging-market-1796
Global Bubble Wrap Packaging Market - Regional Analysis
Asia Pacific region dominates the global bubble wrap packaging market. Rising disposable incomes among the individuals and the booming ecommerce industry are the major factor drivig the growth of the market in the region. China accounted for the largest share in Asia pacific region mainly due to strong economic growth along with increase in online shopping and rapid urbanization.
North America is the second largest market for the bubble wrap packaging. Growing demand for consumer goods and packaged foods is expected to spur market growth. The U.K., Germany and France dominate the bubble wrap packaging market in Europe. Rising demand for consumer and personal care products and growing e-commerce is expected to spur market growth.
Bubble Wrap Packaging Market - Segmentation
Global Bubble Wrap Packaging Market is segmented in to three key dynamics for an easy grasp and enhanced understanding.
On the basis of materials, the market has been segmented as Polyethylene, Kraft Paper, Aluminum Foil, and others. Polythene dominates the material segment of the market. Polyethylene bubble wrap provides outstanding protection from damage caused by shock, vibration or scratch. The Aluminum foil segment is expected to grow at a highest CAGR during the forecast period. Aluminum foil offers the highest protection against air contaminants or tampering.
Based on product, the market has been segmented into Bubble rolls, Bubble Bag, Bubble Mailers, and others. Bubble Rolls dominates the product segment of the market followed by bubble bags. Bubble rolls are a universal packaging solutions that can be used at home, retail and even industrial level. Bubble wrap bags are used as cushions for many purposes such as to protect products. These bags protect delicate items and help keep products free from harm with bubbles between two layers of polyethylene.
On the basis of application, the market has been segmented into Automotive, Pharmaceutical, E-Commerce, Electronics, and others. E-commerce dominates the application segment of the market. Electronic segment is expected to grow at a highest CAGR during the forecast period.
Segmentation by Region: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for , regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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