Bubble Wrap Packaging Market Size, Share, Trends, Growth and Forecast 2032

Bubble Wrap Packaging Market Insights

According to a report from Zion Market Research, the global Bubble Wrap Packaging Market was valued at USD 3.05 Billion in 2023 and is projected to hit USD 4.05 Billion by 2032, with a compound annual growth rate (CAGR) of 3.2% during the forecast period 2024-2032.

This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Bubble Wrap Packaging Market industry over the next decade.

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Global Bubble Wrap Packaging Market: Overview

Bubble wrap excels at its primary purpose: keeping products safe and protected during transportation. Shippers use bubble wrap to cover their products during freight transit, which sadly often involves rough handling or bumps in the track. Its enclosed air bubbles provide a versatile yet robust cushion that forms a surprisingly strong impact barrier. It can shield products from even extreme impacts when doubled or tripled in layers and paired with a sturdy corrugated shipping box.

Bubble wrap is one of the lightest void-filling materials available. It's mainly made of air, with some layers of ultra-lightweight plastic. This results in very light packaging material with durability, which can help save money on shipping, particularly during bulk shipping.

Bubble Wrap Packaging Market: Report Scope

Global Bubble Wrap Packaging Market: Growth Factors

There are many packaging choices available worldwide, but the bubble wrap packaging market is anticipated to stay strong across all options. This is partly due to its ability to protect the elementary property of the product. Besides this, the flourishing retail sector is one of the major factors likely to fuel the demand for the bubble wrap packaging market. This is due to the fact that bubble wrap is commonly used in the retail industry to shield goods such as phones, gifts, and other objects from damage during transportation.

The continued growth of online shopping has further increased the demand for flexible protective packaging such as bubble wrap packaging. Major market players are refocusing their efforts on reducing pilferage during goods transportation, which is having a major impact on the demand for the bubble wrap packaging market.

On the other hand, the easy availability of a cheaper substitute for bubble wrap is predicted to stifle the bubble warp packaging market's growth. Moreover, bubble wrap is made of plastics, and strict government regulations about plastic usage are another factor dampening the bubble wrap packaging market's prospects over the forecast period. However, eco-friendly products such as recycled paper and versatile foam packaging are being used to combat the bubble wrap packaging industry. This is anticipated to drive the demand for the bubble wrap packaging market in the near future.

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Global Bubble Wrap Packaging Market: Segmentation

The global bubble wrap packaging market is divided into product and application. On the basis of product, the bubble wrap packaging market is segmented into limited grade bubble wraps, temperature-controlled bubble wraps, high-grade bubble wraps, general grade bubble wraps, and others. High-grade bubble wraps accounted for the largest market share in 2019 since they include wider bubbles that cushion goods and provide a high level of protection to keep them in place during transit.

Based on application, the global bubble wrap packaging market is segregated into automotive and allied industries, e-commerce, consumer goods, food and beverages, pharmaceutical, personal care, and others.

Because of the constantly increasing automotive industry, the e-commerce sector is expected to dominate the market, as it helps minimize losses and provide a safe working environment for handlers by properly packaging all mechanical or automotive components.

Global Bubble Wrap Packaging Market: Regional Analysis

By Geography, the bubble wrap packaging market is segmented into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa.

Asia accounts for nearly a third of the global bubble wrap packaging market, and this trend is expected to continue in the coming years, especially in East Asia. Furthermore, China and India are major markets with strong Y-o-Y growth anticipated in the coming years.

In comparison to other global markets, the bubble wrap packaging industry in Europe is likely to have fewer opportunities. The majority of governments in European regions are promoting end users to use degradable or recyclable packaging materials. Manufacturers such as Vereinigte Papierwarenfabriken GmbH, Sealed Air Corp., Storopack Hans Reichenecker GmbH, and Goldfoam have responded by developing more environmentally friendly bubble wrap packaging. iBubble wrap packaging is an eco-friendly product that was developed after extensive research and innovation.

Countries in South Asia, particularly India and Thailand, are anticipated to grow at a considerable pace compared to other countries in the region. In Europe, the bubble wrap packaging market is predicted to expand faster in the Benelux region, while the bubble wrap packaging market in Italy is expected to face sluggish growth.

Oceania, Latin America, and Middle East & Africa regions are estimated to represent a combined one-sixth of the overall market share of the global bubble wrap packaging market. The bubble wrap packaging market in Oceania is projected to remain stable in the coming years.

The bubble wrap packaging market in North America is expected to expand slowly. However, the bubble wrap packaging market in Latin America is expected to expand steadily in the coming years, with Mexico's bubble wrap packaging market retaining a significant share due to its emerging economy and high probability of market expansion in the near future.

Global Bubble Wrap Packaging Market: Competitive Players

The major players in the global bubble wrap packaging market include-

• Veritiv Corporation
• Jiffy Packaging Co. Ltd
• Pregis Corporation
• Sealed Air Corporation
• Smurfit Kappa
• Barton Jones Packaging Ltd.
• Storopack Hans Reichenecker GmbH
• IVEX Protective Packaging Inc
• Goldfoam
• Vereinigte Papierwarenfabriken GmbH
• Automated Packaging System among others.

The report segment of the global bubble wrap packaging market is as follows:

Global Bubble Wrap Packaging Market: Product Type Segment Analysis

• General Grade Bubble Wraps
• High-Grade Bubble Wraps
• Limited Grade Bubble Wraps
• Temperature Controlled Bubble Wraps
• Others:

Global Bubble Wrap Packaging Market: Application Segment Analysis

• E-commerce
• Pharmaceutical
• Consumer Goods
• Food and Beverages
• Personal Care
• Automotive & Allied Industries
• Others

Global Bubble Wrap Packaging Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of The Middle East & Africa