Bubble Wrap Market Size, Share, Growth, And Industry Analysis, By Type (By Material, By Product, Bubble Wrap), By Application (Automotives, Food & Beverage Industry, Pharmaceutical & Biomedical Industry, Home Care Packing & Cosmetics Industries), Regional Insights, and Forecast To 2031

Updated On: 15 April 2024

Bubble Wrap Market Report Overview

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global bubble wrap market size was USD 2984.7 million in the year 2022 and market is projected to touch 5028.23 Million by 2031, exhibiting a CAGR of 6% during the forecast period.

Since its inception in the 1960s, the market for bubble wrap has been flourishing. This progressive material has become a crucial packaging component across various industries such as e-commerce, electronics and medical domains. With its air-filled plastic and bubble-shaped layer, bubble wrap is a remarkable protective material that provides optimal cushioning and protection during shipping, transportation, and storage. The air-filled pockets absorb shocks and insulate delicate items from external impacts and vibrations. Different sizes and forms of bubble wrap are available in the bubble wrap market to cater to the diverse protection needs of various products. The use of high-quality bubble wrap is indispensable to safeguard products and ensure customer satisfaction.

Bubble wrap has emerged as a trusted packaging material that offers reliable protection to fragile and delicate goods during transportation. Recent years have seen a significant surge in the demand for bubble wrap, owing to several factors. The growth of e-commerce, coupled with the rise of online shopping and worldwide trade, has played a pivotal role in driving this demand. With the increasing reliance on e-commerce platforms, manufacturers and distributors are always on the lookout for better packaging options to ensure that their products reach consumers in prime condition. Additionally, the need to safeguard biological specimens, medical equipment, and electronics from shock and vibrations has further augmented the importance of bubble wrap. As such, it can be confidently stated that the bubble wrap market is poised to witness continued growth as more consumers recognize the value of this versatile material.

COVID-19 Impact:Supply Chain Disruptions and E-commerce Shifts Lead to Decrease in Demand

The pandemic has dealt a severe blow to various markets, and one of the casualties of the crisis has been the bubble wrap market. The unprecedented situation created by the pandemic has led to a significant decrease in the demand for bubble wrap. This downturn can be attributed to the restrictions and lockdowns that have impeded the supply of goods and services. While e-commerce businesses have flourished in the wake of people's confinement to their homes, packaging materials such as bubble wrap are no longer in high demand. The notable shift in people's purchasing habits towards online shopping and doorstep delivery has been insufficient in covering up for the drop in demand. However, as the world gradually returns to normalcy, the market is expected to recover. In the meantime, businesses operating in the bubble wrap industry must adapt to the changing circumstances to remain afloat.

Latest Trends

"Bubble Wrap Industry Booms with Environmentally-Friendly Alternatives and Cutting-Edge Technology"

The bubble wrap market growth is skyrocketing, with a slew of novel products and technologies aimed at packaging and shipping constantly hitting the market. In particular, a recent trend involves the production of more environmentally-friendly bubble wrap alternatives, including recyclable and biodegradable materials. It's been noted that leading companies like Sealed Air and Pregis are investing hefty sums into research and development to improve the sustainability and functionality of their respective bubble wrap products. Given the persistent and fervent demand for secure and eco-friendly packaging options, there's no indication that the bubble wrap industry will be tapering off anytime soon.

Bubble Wrap Market Segmentation

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• By Type

According to type, the market can be segmented into by material, by product, bubble wrap.

• By Application

Based on application, the market can be divided into automotive, food & beverage industry, pharmaceutical & biomedical industry, home care packing & cosmetics industries.

Driving Factors

The market for bubble wrap has been steadily increasing for the past six decades, with two significant factors contributing to this growth.

"Rapidly Growing E-Commerce Industry Drives Booming Demand for Bubble Wrap as the Ideal Shipping Solution"

Firstly, the rise of the e-commerce industry is driving the demand for bubble wrap. With e-commerce sales projected to skyrocket, the market for shipping materials such as bubble wrap is rapidly growing. It ensures that products arrive in perfect condition, regardless of handling or transport.

Furthermore, the lightweight and easy-to-handle nature of bubble wrap make it highly desirable for e-commerce stores. Its efficiency in packaging products enables businesses to streamline processes while maintaining product quality.

"Biodegradable and Compostable Bubble Wrap Takes the Lead in the Fight Against Plastic Pollution"

Secondly, growing worldwide concerns about the impact of non-degradable materials on the environment have led to an increase in demand for eco-friendly bubble wrap. The traditional polyethylene material used to produce bubble wrap is not recyclable, making it a primary contributor to plastic pollution. The emergence of biodegradable and compostable bubble wrap adds a new layer of convenience to e-commerce businesses that prioritize environmentally friendly materials.

In conclusion, the bubble wrap market is set to keep growing due to the surge in e-commerce sales and the growing awareness of the impact of non-degradable materials on the environment. The advent of eco-friendly bubble wrap provides an excellent alternative for businesses seeking to reduce their carbon footprint. The bubble wrap industry will continue to evolve, with advancements in technology such as biodegradable bubble wrap leading the way.

Restraining Factors

"Environmental Concerns and Cost Pressures Threaten Market Dominance of Bubble Wrap"

Bubble wrap, a popular packaging material used to safeguard delicate items during transit, has been encountering certain challenges in recent times. One of the primary factors hindering the growth of the bubble wrap market is the surging demand for packaging solutions that are sustainable and environmentally friendly. Modern-day consumers are increasingly worried about the ecological impact of their purchases, leading to a shift away from traditional packaging materials like bubble wrap. Furthermore, a few companies are exploring the use of alternative packaging materials which are less expensive than bubble wrap in an attempt to curtail costs. The future of the bubble wrap market is uncertain at this point, however, manufacturers must adjust to altering consumer preferences and market conditions to remain competitive.

Bubble Wrap Market Regional Insights

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"North America Emerges as Dominant Player, Boosted by E-commerce and Packaging Industry "

The market is witnessing North America emerge as a dominant player which holds the majority of the bubble wrap market share, owing to its substantial market share and the anticipated impressive growth rate in the years to come. The thriving e-commerce and packaging industries are driving this trend, with bubble wrap being highly sought-after for its role in protecting fragile goods during transportation. North America's innovative packaging solutions make it an attractive market for bubble wrap manufacturers, who are investing heavily in research and development to develop eco-friendly options. This continuous growth trajectory in the North American bubble wrap market is a testament to the region's outstanding capacity for innovation and technology, making it a pivotal player in the packaging industry.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Polycell International (HQ: Australia)
• Polyair (HQ: Canada)
• Sancell (HQ: Australia)
• Dana Poly (HQ: United States)
• Sealed Air Corporation (HQ: United States)
• Veritiv Corporation (HQ: United States)
• Pregis Corporation (HQ: United States)

Report Coverage

This report examines an understanding of the bubble wrap market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics