Bubble Wrap Packaging Market - Global Industry Analysis

Bubble Wrap Packaging Market by Product Type (General Grade Bubble Wraps, High-Grade Bubble Wraps, Limited Grade Bubble Wraps, Temperature Controlled Bubble Wraps, Others) by Application (E-commerce, Pharmaceutical, Consumer Goods, Food and Beverages, Personal Care, Automotive & Allied Industries, Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Published Date: 10-Mar-2021 Category: Packaging Report Format : PDF Pages: 110 Report Code: ZMR-5939 Status : Published

The bubble wrap packaging market is set for a rapid growth over the forecast period. In terms of revenue, the global bubble wrap packaging market accounted for USD 3,022.9 Million in 2019 and is expected to reach USD 5,151.2 Million by 2026, growing at a CAGR of 7.91%

Description

The bubble wrap packaging market is set for a rapid growth over the forecast period. In terms of revenue, the global bubble wrap packaging market accounted for USD 3,022.9 Million in 2019 and is expected to reach USD 5,151.2 Million by 2026, growing at a CAGR of 7.91%

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 a very light packaging material with durability, which can help save money on shipping, particularly during bulk shipping.

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 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 demand for 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 the plastic usage is another factor dampening the bubble wrap packaging market's prospects over the forecast period. However, eco-friendly products such as recycle paper and versatile foam packaging are being used to combat the bubble wrap packaging industry. This is anticipated to drive the demand for bubble wrap packaging market in the near future.

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 minimise losses and provide 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 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 less 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, and Automated Packaging System among others.

The report segment of global bubble wrap packaging market are 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 Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) & Offerings
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodulogy
      • 1.3.3. Level 1: Primary Research
      • 1.3.4. Level 2: Secondary Research
      • 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope
  • Chapter 2. Executive Summary
    • 2.1. Global Bubble Wrap Packaging Market, 2016-2026, (USD Million)
    • 2.2. Bubble Wrap Packaging Market: Market snapshot
  • Chapter 3. Global Bubble Wrap Packaging Market – Industry Analysis
    • 3.1. Introduction
    • 3.2. Industry ecosystem analysis
    • 3.3. Technulogy landscape
    • 3.4. Market Drivers
      • 3.4.1. North America
      • 3.4.2. Europe
      • 3.4.3. Asia Pacific
      • 3.4.4. Latin America
      • 3.4.5. MEA
    • 3.5. Restraints
    • 3.6. Opportunity
    • 3.7. Innovation & sustainability
    • 3.8. Regulatory landscape
    • 3.9. Porter’s Five Forces Analysis
    • 3.10. PESTLE Analysis
    • 3.11. Bubble Wrap Packaging Market: Market Attractiveness Analysis
      • 3.11.1. Market Attractiveness Analysis by Product Type Segment
      • 3.11.2. Market Attractiveness Analysis by Application Segment
  • Chapter 4. Global Bubble Wrap Packaging Market - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2019
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions and Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Cullaborations and Joint Ventures
      • 4.2.4. Research & Development and Regional Expansion
  • Chapter 5. Bubble Wrap Packaging Market – Product Type Segment Analysis
    • 5.1. Global Bubble Wrap Packaging Market Revenue Share, by Product Type, 2019 & 2026 (USD Million)
    • 5.2. Global Bubble Wrap Packaging Market by General Grade Bubble Wraps, 2016 – 2026 (USD Million)
    • 5.3. Global Bubble Wrap Packaging Market by High-Grade Bubble Wraps, 2016 – 2026 (USD Million)
    • 5.4. Global Bubble Wrap Packaging Market by Limited Grade Bubble Wraps, 2016 – 2026 (USD Million)
    • 5.5. Global Bubble Wrap Packaging Market by Temperature Contrulled Bubble Wraps, 2016 – 2026 (USD Million)
    • 5.6. Global Bubble Wrap Packaging Market by Others, 2016 – 2026 (USD Million)
  • Chapter 6. Bubble Wrap Packaging Market – Application Segment Analysis
    • 6.1. Global Bubble Wrap Packaging Market Revenue Share, by Application, 2019 & 2026 (USD Million)
    • 6.2. Global Bubble Wrap Packaging Market by E-commerce, 2016 – 2026 (USD Million)
    • 6.3. Global Bubble Wrap Packaging Market by Pharmaceutical, 2016 – 2026 (USD Million)
    • 6.4. Global Bubble Wrap Packaging Market by Consumer Goods, 2016 – 2026 (USD Million)
    • 6.5. Global Bubble Wrap Packaging Market by Food and Beverages, 2016 – 2026 (USD Million)
    • 6.6. Global Bubble Wrap Packaging Market by Personal Care, 2016 – 2026 (USD Million)
    • 6.7. Global Bubble Wrap Packaging Market by Automotive & Allied Industries, 2016 – 2026 (USD Million)
    • 6.8. Global Bubble Wrap Packaging Market by Others, 2016 – 2026 (USD Million)
  • Chapter 7. Bubble Wrap Packaging Market - Regional Analysis
    • 7.1. Global Bubble Wrap Packaging Market: Regional Overview
      • 7.1.1. Global Bubble Wrap Packaging Market Revenue Share, By Region, 2019 & 2026 (USD Million)
    • 7.2. North America
      • 7.2.1. North America Bubble Wrap Packaging Market Revenue 2016 – 2026 (USD Million)
      • 7.2.2. North America Bubble Wrap Packaging Market Revenue, By Product Type, 2016 – 2026 (USD Million)
      • 7.2.3. North America Bubble Wrap Packaging Market Revenue, By Application, 2016 – 2026 (USD Million)
      • 7.2.4. U.S.
        • 7.2.4.1. U.S. Bubble Wrap Packaging Market Revenue, by Product Type, 2016 – 2026 (USD Million)
        • 7.2.4.2. U.S. Bubble Wrap Packaging Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.2.5. Canada
        • 7.2.5.1. Canada Bubble Wrap Packaging Market Revenue, by Product Type, 2016 – 2026 (USD Million)
        • 7.2.5.2. Canada Bubble Wrap Packaging Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.2.6. Mexico
        • 7.2.6.1. Mexico Bubble Wrap Packaging Market Revenue, by Product Type, 2016 – 2026 (USD Million)
        • 7.2.6.2. Mexico Bubble Wrap Packaging Market Revenue, by Application, 2016 – 2026 (USD Million)
    • 7.3. Europe
      • 7.3.1. Europe Bubble Wrap Packaging Market Revenue 2016 – 2026 (USD Million)
      • 7.3.2. Europe Bubble Wrap Packaging Market Revenue, By Product Type, 2016 – 2026 (USD Million)
      • 7.3.3. Europe Bubble Wrap Packaging Market Revenue, By Application, 2016 – 2026 (USD Million)
      • 7.3.4. UK
        • 7.3.4.1. UK Bubble Wrap Packaging Market Revenue, by Product Type, 2016 – 2026 (USD Million)
        • 7.3.4.2. UK Bubble Wrap Packaging Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.3.5. France
        • 7.3.5.1. France Bubble Wrap Packaging Market Revenue, by Product Type, 2016 – 2026 (USD Million)
        • 7.3.5.2. France Bubble Wrap Packaging Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.3.6. Germany
        • 7.3.6.1. Germany Bubble Wrap Packaging Market Revenue, by Product Type, 2016 – 2026 (USD Million)
        • 7.3.6.2. Germany Bubble Wrap Packaging Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.3.7. Italy
        • 7.3.7.1. Italy Bubble Wrap Packaging Market Revenue, by Product Type, 2016 – 2026 (USD Million)
        • 7.3.7.2. Italy Bubble Wrap Packaging Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.3.8. Spain
        • 7.3.8.1. Spain Bubble Wrap Packaging Market Revenue, by Product Type, 2016 – 2026 (USD Million)
        • 7.3.8.2. Spain Bubble Wrap Packaging Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.3.9. Russia
        • 7.3.9.1. Russia Bubble Wrap Packaging Market Revenue, by Product Type, 2016 – 2026 (USD Million)
        • 7.3.9.2. Russia Bubble Wrap Packaging Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.3.10. Rest of Europe
        • 7.3.10.1. Rest of Europe Bubble Wrap Packaging Market Revenue, by Product Type, 2016 – 2026 (USD Million)
        • 7.3.10.2. Rest of Europe Bubble Wrap Packaging Market Revenue, by Application, 2016 – 2026 (USD Million)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Bubble Wrap Packaging Market Revenue 2016 – 2026 (USD Million)
      • 7.4.2. Asia Pacific Bubble Wrap Packaging Market Revenue, By Product Type, 2016 – 2026 (USD Million)
      • 7.4.3. Asia Pacific Bubble Wrap Packaging Market Revenue, By Application, 2016 – 2026 (USD Million)
      • 7.4.4. China
        • 7.4.4.1. China Bubble Wrap Packaging Market Revenue, by Product Type, 2016 – 2026 (USD Million)
        • 7.4.4.2. China Bubble Wrap Packaging Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.4.5. Japan
        • 7.4.5.1. Japan Bubble Wrap Packaging Market Revenue, by Product Type, 2016 – 2026 (USD Million)
        • 7.4.5.2. Japan Bubble Wrap Packaging Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.4.6. India
        • 7.4.6.1. India Bubble Wrap Packaging Market Revenue, by Product Type, 2016 – 2026 (USD Million)
        • 7.4.6.2. India Bubble Wrap Packaging Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.4.7. Australia
        • 7.4.7.1. Australia Bubble Wrap Packaging Market Revenue, by Product Type, 2016 – 2026 (USD Million)
        • 7.4.7.2. Australia Bubble Wrap Packaging Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea Bubble Wrap Packaging Market Revenue, by Product Type, 2016 – 2026 (USD Million)
        • 7.4.8.2. South Korea Bubble Wrap Packaging Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.4.9. Rest of Asia Pacific
        • 7.4.9.1. Rest of Asia Pacific Bubble Wrap Packaging Market Revenue, by Product Type, 2016 – 2026 (USD Million)
        • 7.4.9.2. Rest of Asia Pacific Bubble Wrap Packaging Market Revenue, by Application, 2016 – 2026 (USD Million)
    • 7.5. Latin America
      • 7.5.1. Latin America Bubble Wrap Packaging Market Revenue 2016 – 2026 (USD Million)
      • 7.5.2. Latin America Bubble Wrap Packaging Market Revenue, By Product Type, 2016 – 2026 (USD Million)
      • 7.5.3. Latin America Bubble Wrap Packaging Market Revenue, By Application, 2016 – 2026 (USD Million)
      • 7.5.4. Brazil
        • 7.5.4.1. Brazil Bubble Wrap Packaging Market Revenue, by Product Type, 2016 – 2026 (USD Million)
        • 7.5.4.2. Brazil Bubble Wrap Packaging Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.5.5. Argentina
        • 7.5.5.1. Argentina Bubble Wrap Packaging Market Revenue, by Product Type, 2016 – 2026 (USD Million)
        • 7.5.5.2. Argentina Bubble Wrap Packaging Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.5.6. Rest of Latin America
        • 7.5.6.1. Rest of Latin America Bubble Wrap Packaging Market Revenue, by Product Type, 2016 – 2026 (USD Million)
        • 7.5.6.2. Rest of Latin America Bubble Wrap Packaging Market Revenue, by Application, 2016 – 2026 (USD Million)
    • 7.6. Middle East & Africa
      • 7.6.1. Middle East & Africa Bubble Wrap Packaging Market Revenue 2016 – 2026 (USD Million)
      • 7.6.2. Middle East & Africa Bubble Wrap Packaging Market Revenue, by Product Type, 2016 – 2026 (USD Million)
      • 7.6.3. Middle East & Africa Bubble Wrap Packaging Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.6.4. GCC Countries
        • 7.6.4.1. GCC Countries Bubble Wrap Packaging Market Revenue, by Product Type, 2016 – 2026 (USD Million)
        • 7.6.4.2. GCC Countries Bubble Wrap Packaging Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.6.5. South Africa
        • 7.6.5.1. South Africa Bubble Wrap Packaging Market Revenue, by Product Type, 2016 – 2026 (USD Million)
        • 7.6.5.2. South Africa Bubble Wrap Packaging Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.6.6. Rest of MEA
        • 7.6.6.1. Rest of MEA Bubble Wrap Packaging Market Revenue, by Product Type, 2016 – 2026 (USD Million)
        • 7.6.6.2. Rest of MEA Bubble Wrap Packaging Market Revenue, by Application, 2016 – 2026 (USD Million)
  • Chapter 8. Company Profiles
    • 8.1. Veritiv Corporation
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfulio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. *Same information will be provided for below mentioned companies*
      • 8.2.1. Jiffy Packaging Co. Ltd
      • 8.2.2. Pregis Corporation
      • 8.2.3. Sealed Air Corporation
      • 8.2.4. Smurfit Kappa
      • 8.2.5. Barton Jones Packaging Ltd.
      • 8.2.6. Storopack Hans Reichenecker GmbH
      • 8.2.7. IVEX Protective Packaging Inc
      • 8.2.8. Guldfoam
      • 8.2.9. Vereinigte Papierwarenfabriken GmbH
      • 8.2.10. Automated Packaging System
      • 8.2.11. Others

Methodology


Frequently Asked Questions

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 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 demand for bubble wrap packaging market.

According to Zion Market Research, the Bubble Wrap Packaging market is expected to generate revenue of around USD 5,151.2 Million by the end of 2026, growing at a CAGR of 7.91%.

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 less 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.

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, and Automated Packaging System among others.
 

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