A new report by XploreMR studies the growth drivers, trends, restraints, and highlights of the global bubble wrap packaging market. Presenting exclusive insights into the market from 2019 to 2029, the report projects that the market will witness notable growth during the forecast period. Bubble wrap packaging utilizes transparent plastic material with regularly spaced air-filled hemispheres or bubbles. Essentially used in product transportations, the packaging acts as a cushion to packaged products and protects it from damage due to external pressure. On this premise, bubble-wrap packaging has been gaining traction in transportation applications. The growth of the market is primarily attributed to the expansion of the e-retail segment, high demand in the shipment of viscous & fragile products, and burgeoning adoption of iBubble wrap packaging owing to their distinctive functionality. Moreover, on the back of increasing awareness regarding environmental concerts, market players are focusing on developing eco-friendly products, such as versatile foam packaging, and recycled paper. This is expected to further complement the growth of the market.
Penetration of E-commerce Ensures Remunerative Opportunities
Over the years, the retail sector has witnessed a paradigm shift owing to the emergence of e-commerce and changing consumer behaviors. As e-commerce continues to gain prominence, it is translating into substantial revenue opportunities for bubble wrap packaging. To ensure the best consumer experience, e-commerce retailers are leaving no stone unturned and are employing high-quality bubble wrap packaging to deliver products undamaged. Moreover, in order to achieve a competitive edge over other players, manufacturers are launching temperature-controlled bubble wraps, high-grade bubble wraps, and environment-friendly bubble wraps. In addition to this, Automated Packaging Systems introduced AirPouch protective packaging materials that offer enhanced protection to the products. On the other hand, the introduction of iBubble, the latest innovation in the bubble wrap landscape, is eliminating the causes of space management during transportation and has been gaining traction among the end-users. Also, iBubble wrap has been identified as a cost-effective material and is aiding end-users to expand their profit margins, subsequently offering unique functionality. On the other hand, the easy availability of cheaper substitutes coupled with stringent governmental regulation against the use of plastic is posing a challenge to the swift growth of the market.
Asia Pacific Remains Center of Global Market
Asia Pacific is forecasted to remain at the forefront of the regional landscape, owing to the presence of a flourishing e-commerce sector. On the back of the growing availability of the internet. increasing levels of disposable income, and increasing purchase power in India and China, the e-commerce sector has been thriving, subsequently bestowing lucrative revenue opportunities to the bubble wrap packaging market.