Bubble Wrap Packaging Market Share Growing Rapidly with Recent Trends and Outlook 2022 – 2028

Bubble Wrap Packaging Market is projected to be worth USD 3.81 Billion by 2028, registering a CAGR of 7.84% during the forecast period (2021 – 2028).

Bubble wrap is a translucent material that is used as wrapping paper because it protects the items effectively. It serves as the primary packing surface and is made up of two layers of polyethylene film.

The growing demand for customer goods that require protective packaging is boosting the global bubble wrap packaging industry. Moreover, the considerable rise in e-commerce sales as a result of greater web usage is increasing the demand for bubble wrap packaging. Technological advancements in bubble wrap packaging have greatly aided market growth. Anti-static bubble wrap and double-sided bubble wrap for enhanced shock absorption are becoming incredibly common for wrapping electronic items.

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Additionally, the introduction of sustainable bubble wraps like paper bubble wraps and reusable bubble wraps is anticipated to fuel the growth. Each aspect of the retail economy, from hypermarkets to retail e-commerce, is evolving rapidly. Manufacturers and retailers invest in and devote massive amounts of time to their products in order to meet set objectives. Defective packaging can have long-term consequences for consumer decisions.

Regional Analysis

Asia-Pacific is the largest global bubble wrap packaging market. This territory has become a global production centre owing to the presence of some of the world’s fastest-growing economies, like China, India, and Indonesia. Moreover, rising disposable income has boosted the demand for consumer goods, particularly consumer electronics. North America is the world’s second-largest geographic bubble wrap packaging market. Because of the improved demand for electronic devices and packaged goods, especially packaged foods, bubble wrap packaging is in greater demand.

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Market Segmentation

According to the product, conventional bubble wrap is the most popular kind of bubble wrap. It is a less expensive wrap that can be used for a variety of commodities.Other wraps, on the other hand, serve a particular purpose as an anti-static wrap for electronic goods. The paper bubble wrap industry is also quickly increasing due to its biodegradability.

In terms of application, the international bubble wrap packaging market is dominated by the e-commerce sector. With the growing popularity of e-commerce shopping businesses and the steady expansion of fragile and technological items, bubble wrap packaging is in high demand.

Key Players

The Prominent players in the market are Veritiv Corporation (US), Sealed Air Corporation (US), Jiffy Packaging Co. (UK), Pregis Corporation (US), Smurfit Kappa (Ireland), Barton Jones Packaging Ltd. (US) IVEX Protective Packaging Inc (US), Automated Packaging System (US).

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