Generally, bubble wrap packaging is a type of protective packaging, which is comprised 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 delicate goods. The global bubble wrap packaging market is expected to witness substantial growth during the forecast period. The call for bubble wrap packaging is anticipated to be driven by an increase in online shopping, growth of the electronics industry, and the availability of biodegradable bubble wrap. The benefits of online shopping such as faster delivery, easier return policies, and free shipping, have made many clients switch over from the old-fashioned methods of shopping. The strong consumer demand for a wide variety of products and the convenience of different kinds of goods, drive the growth of online shopping. The Global Bubble Wrap Packaging Market is expected to reach a market size of USD 12,299.2 Million by 2025 and develop at 7.84% CAGR during the prediction period. In May 2019, Sealed Air opened Singapore lab to provide thermal package design and examination to the region’s life sciences and food productions. It will enable expertise in primary food packaging, secondary product packaging, and its digital services portfolio to provide end-to-end temperature guarantee solutions for product safety and dependability throughout the supply chain. Today customer electronics is the top-trading category due to an increase in the number of online electronics models. The electronics industry is constantly evolving with new events. Such factors drive the market for bubble wrap packaging market. Moreover, there has been a constant increase in income levels in upgrading nations, which results in high non-refundable income among people, which is the opportunity for the market. Nevertheless, the availability of alternative packaging’s such as foam packaging and recycled paper that are comparatively cost-efficient and eco-friendly may hamper the global bubble wrap packaging market.
The global metal cutting tools market is segmented based on product and application. Based on application, the global bubble wrap packaging market is segmented into e-commerce, automotive and allied industries, consumer goods, pharmaceutical, food and beverages, personal care, and others. The e-commerce division is projected to overshadow the market, owing to the continuously growing automotive industry, as it helps reduce losses and ensure safe working environments for handlers by sufficiently packaging all mechanical or automotive parts. Based on product, the bubble wrap packaging market is segmented into high-grade bubble wraps, general grade bubble wraps, temperature-controlled bubble wraps, limited grade bubble wraps, and others. Customary bubble wrap includes sealed pockets of air that makes a popping sound when squeezed. iBubble is made in a design of organized columns of related air pockets, wherein, air is forced to pass into the next bubble. With the beginning of iBubble into the market, the concerns of space management in transportation and warehousing with traditional bubble wrap has also been studied. It is also relatively easier to use during the transportation of cargos. The high-grade bubble wraps segment is dominating the market, as it consists of stronger bubbles that help in cushioning the products and provide high amount of security to hold them in place during transit.
Geographically the Global Bubble Wrap Packaging Market is split in regions like North & South America, Europe, Asia-Pacific, Middle east and Africa and Rest of the world. The e-commerce sector is one of the most critical sectors in the economy in Asia-Pacific. In June 2018, Sealed Air Corporation signed an agreement with Kuraray America, Inc. (Kuraray), a Japanese chemical company to offer food packing materials developed from its Plantic bio-based resins. This solution will enable the company to provide renewable packaging alternative and continue improving the industry address food waste by lengthening the shelf-life and freshness of food. Rendering to Asian Development Bank (ADB), Asia-Pacific is the sharpest growing region in the global e-commerce market, settling for the largest share of the world’s business-to-consumer e-commerce market. By the end of 2015, the range of e-commerce relative to gross domestic product was 4.5% in Asia-Pacific. The booming e-commerce and automotive industry along with the rising per capita non-refundable income drives the demand for bubble wrap packaging market in the region. Asia-Pacific is anticipated to lead the bubble wrap packaging market during the study period, followed by North America, due to expanded growth in e-commerce and automotive industry. Over the years, it is being remarked that the region is emerging as a global automotive hub. It has become a major consumer and provider of automobiles.
The proposed spectators in the Global Bubble Wrap Packaging Market are manufacturers, Retailers, distributors, wholesalers, Investors and trade experts, Governments, associations, industrial bodies, etc. The major companies functioning in the Global Bubble Wrap Packaging Market are concentrating on firming their global ways by entering into untouched markets. The projected onlookers in the Global Bubble Wrap Packaging Market are companies like Barton Jones Packaging Ltd. (US), Veritiv Corporation (US), Sealed Air Corporation (US), Pregis Corporation (US), Smurfit Kappa (Ireland), IVEX Protective Packaging Inc (US), Automated Packaging System (US) nd Jiffy Packaging Co. (UK).