Bubble Wrap Packaging Market Size, Competitive Dynamics and Global Outlook 2025
Bubble Wrap Packaging Market Size Overview
The Global Bubble Wrap Packaging Market Size is expected to gain an unprecedented value of USD 12,299.2 Million by 2025, with 7.84% CAGR during the forecast period (2019–2025). Market Research Future (MRFR) in their report envelops segmentations and drivers for a better glimpse of the market in the coming years. Bubble wrap is a form of protective packaging that consists of a two-layer laminated polyethylene film with entrapped air inside, between the two layers in the form of a bubble.
Competitive Analysis
Prominent players profiled in the Bubble Wrap Packaging Market Size are Sealed Air Corporation (US), Veritiv Corporation (US), Jiffy Packaging Co. (UK), Pregis Corporation (US), Smurfit Kappa (Ireland), IVEX Protective Packaging Inc (US), Barton Jones Packaging Ltd. (US), and Automated Packaging System (US). Mergers, acquisitions, and collaborations are some of the strategies that these companies have adopted to stay ahead of the rest.
Segmental Analysis
The global Bubble Wrap Packaging Market Size is segmented based on product and application.
On the basis of product, the high-grade bubble wraps segment is expected to dominate the market as it consists of stronger bubbles that help in cushioning the products and provide high amount of security during transportation.
Based on application, the e-commerce segment is expected to dominate the global market, owing to the constantly growing automotive industry, as it ensures protection against damages and provides safe working conditions for handlers by adequately packaging all mechanical or automotive parts.
Regional Analysis
Geographic analysis of the global Bubble Wrap Packaging Market Size spans across North America, Europe, Asia-Pacific (APAC), South America, and the Middle East & Africa.
In 2018, Asia-Pacific was the leading market with a market valuation of USD 2,476.9 million. The regional market value is expected to reach USD 4,267.1 million by 2025, with an impressive 8.41% CAGR during the forecast period. Asia-Pacific is also the fastest-growing region in the global Bubble Wrap Packaging Market Size, with China, India, Japan, South Korea, and Australia being the major markets.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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