Global Bubble Wrap Packaging Market 2023

Global Bubble Wrap Packaging Market 2023

Description
Bubble wrap packaging refers to a type of packaging material commonly used by manufacturers to protect delicate and malleable products during transportation. It is made of transparent plastic material with regularly spaced air-filled hemispheres or bubbles, which act as cushions for the packaged products. Typically, bubble wrap packaging consists of a two-layered polyethylene film with entrapped air inside the bubbles.

According to the latest research, the global bubble wrap packaging market is poised to grow by USD 1.5 billion during 2023-2029, progressing at a CAGR of 4.23% during the forecast period. There is an increasing demand for safety packaging from various industries, such as food and beverages, automotive, and electronics. The need for protective packaging for fragile items, such as glass and sensitive electronic devices, drives the growth of the packaging solutions market. Bubble wrap packaging, with its effective cushioning properties, is a popular choice for protecting frangible items, leading to high demand in the global market.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global bubble wrap packaging market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Market Segmentation
Product: high-grade bubble wraps, general grade bubble wraps, temperature controlled bubble wraps, limited grade bubble wraps, others
End user: e-commerce, automotive, consumer goods, pharmaceutical, food and beverages, personal care, others
Region: Asia-Pacific, Europe, North America, Middle East and Africa (MEA), South America

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, end user, and region. The global market for bubble wrap packaging can be segmented by product: high-grade bubble wraps, general grade bubble wraps, temperature controlled bubble wraps, limited grade bubble wraps, others. The general grade bubble wraps segment was the largest contributor to the global bubble wrap packaging market in 2022. Bubble wrap packaging market is further segmented by end user: e-commerce, automotive, consumer goods, pharmaceutical, food and beverages, personal care, others. According to the research, the e-commerce segment had the largest share in the global bubble wrap packaging market. Based on region, the bubble wrap packaging market is segmented into: Asia-Pacific, Europe, North America, Middle East and Africa (MEA), South America. Asia-Pacific held the largest revenue share in 2022.

Major Companies and Competitive Landscape
The report explores the recent developments and profiles of key vendors in the Global Bubble Wrap Packaging Market, including Jiffy Packaging Co., Pregis LLC, Sealed Air Corporation, Smurfit Kappa Group plc, Veritiv Corporation, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

Scope of the Report
To analyze and forecast the market size of the global bubble wrap packaging market.
To classify and forecast the global bubble wrap packaging market based on product, end user, region.
To identify drivers and challenges for the global bubble wrap packaging market.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global bubble wrap packaging market.
To identify and analyze the profile of leading players operating in the global bubble wrap packaging market.

Why Choose This Report
Gain a reliable outlook of the global bubble wrap packaging market forecasts from 2023 to 2029 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
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