Global Bubble Wraps Market to Reach $108.1 Billion by 2030
The global market for Bubble Wraps estimated at US$9.1 Billion in the year 2023, is expected to reach US$108.1 Billion by 2030, growing at a CAGR of 42.5% over the analysis period 2023-2030. eCommerce End-Use, one of the segments analyzed in the report, is expected to record a 48.7% CAGR and reach US$72.8 Billion by the end of the analysis period. Growth in the Electronic Components End-Use segment is estimated at 37.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.1 Billion, While China is Forecast to Grow at 55.9% CAGR
The Bubble Wraps market in the U.S. is estimated at US$2.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$55.4 Billion by the year 2030 trailing a CAGR of 55.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.2% and 32.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 24.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$18.7 Billion by the year 2030.
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