Market Scope
Thebubble wrap packaging market2020 is all set to reach a valuation of USD 12,299.2 Million by 2025, reveals Market Research Future (MRFR). The growth prospects of the market seem promising as the progression rate is estimated to be 7.84% between 2017 and 2025 (evaluation period).
Request a Free Sample @https://www.marketresearchfuture.com/sample_request/1796
Primary Drivers and Key Barriers
A variety of packaging options are available in the market, out of which thebubble wrap packagingenjoys an impressive demand. The high demand is the outcome of its property of keeping intact the elemental property of the product. In addition to this, the rapidly blossoming retail industry across the world means significant demand for bubble warps as well, which gives a considerable boost to the market growth. In the retail sector, bubble wrap helps protect products such as gift items, electronics, and others during transportation.
With online shopping becoming vastly popular among the tech-savvy customers of today, the demand for flexible protective packaging has escalated at a swift pace. Also, leading companies are now highly focused on bringing down pilferage while transporting the goods, which can have an incredible effect on the demand for bubble wrap packaging during the review period.
Furthermore, a rising number of market participants are striving to boost the quality of bubble wrap packaging, so that its application rises across a higher number of industries. For this, the companies are developing high-grade bubble wraps and temperature-controlled bubble wraps, which can draw in more customers, while winning them a larger share in the global market. To illustrate, Automated Packaging Systems recently developed AirPouch protective packaging materials, which has twin pillow for additional protection to the products. Apart from product innovation and product launches, many of the vendors are also adopting marketing hacks like business expansions, collaboration and acquisitions and mergers that can help them further substantiation their position in the bubble warp packaging industry.
Top Market Contenders
The top market contenders listed in the report are Pregis Corporation (US), Automated Packaging System (US), IVEX Protective Packaging Inc (US), Smurfit Kappa (Ireland), Veritiv Corporation (US), Barton Jones Packaging Ltd. (US), Sealed Air Corporation (US), Jiffy Packaging Co. (UK), to list a few.
Segmentation:
The global bubble wrap packaging market is segmented on the basis of product, application, and region.
By product, the global bubble wrap packaging market is segmented into high-grade bubble wrap, general grade bubble wrap, temperature controlled bubble wrap, limited grade bubble wrap, and others.
By application, the global bubble wrap packaging market is segmented into ecommerce, automotive and allied industries, consumer goods, pharmaceutical, food and beverages, personal care products, and others. The ecommerce segment holds the largest share in the global bubble wrap packaging market and is likely to retain its dominant stake in the market over the forecast period due to the growing scope for ecommerce in the worlds developing economies.
Regional Insight
Region-wise study of the bubble wrap packaging market covers North America, Asia Pacific or APAC, South America, Europe, as well as the Middle East Africa or MEA.
The possibility of APAC claiming the top position in the global market during the appraisal period is quite high, with North America coming a close second. The economy in APAC is largely dependent on the e-commerce sector, which is gaining high traction with each year. The retail market has become quite lucrative across various platforms, whether it is retail e-commerce or hypermarkets. A majority of regional manufacturers as well as retailers are putting in substantial amount of efforts to enhance product quality in a bid to cater to the high performance goals. Also, the surge in the use of mobile as well as low cost data has boosted the expansion rate of the e-commerce industry in the region, leading to massive growth of the bubble wrap market.
The North American market growth is warranted by factors like the increasing size of the automotive and e-commerce industry. Most of the retail outlets across the region are setting up programs that are spreading awareness among people about the ill-effects of plastic bags and are prompting the use of eco-friendly packaging options. This can boost the sales of eco-friendly bubble wraps packaging in the coming years.
Access Report Details @https://www.marketresearchfuture.com/reports/bubble-wrap-packaging-market-1796
Browse Related Reports:
Medical Device Packaging MarketInformation by Material, by Product, and Region Forecast to 2027
Medical Packaging MarketInformation: By Material, Type, Application, End User Global Forecast till 2027
Metal Cans MarketReport Information by Material, by Type, by Application and By Region Global Forecast till 2027.
Metal Packaging MarketResearch Report: Information by Material, Type, Application, Region Forecast till 2027
Mineral Wool Board Insulation MarketResearch Report: by Type,Function, by Application, andby Region Forecast till 2026
Modified Atmospheric Packaging Market: By Materials, Gases, Application And Region 2027
Molded Fiber Packaging Market: Information by Type, Source, Product, End-Use and Region Forecast to 2027
Multi-Med Adherence Packaging Market: Information by Material, by Product, by End User and by Region Forecast till 2027
North America Pet Food Packaging Marketby Packaging Material, Product, Food Type, Animal Type, and Region Forecast To 2027
Packaging Foams MarketInformation Report by Structure, by Material, by Service and by Region Global Forecast to 2027
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune 411028
Maharashtra, India
+1 646 845 9312
Email:sales@marketresearchfuture.com
