Bubble Wrap Packaging Market Outlook and Future Scope Analysis by 2025
Bubble Wrap Packaging Market Overview
(firmenpresse) - Bubble Wrap Packaging Market Overview
The Global Bubble Wrap Packaging Market 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 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 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 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, with China, India, Japan, South Korea, and Australia being the major markets. The e-commerce sector is one of the most important sectors in the Asia-Pacific economy. According to Asian Development Bank (ADB), Asia is the fastest-growing region in the global e-commerce marketplace, accounting for the largest share of the world’s business-to-consumer e-commerce market. By the end of 2015, the size of e-commerce relative to gross domestic product was 4.5% in Asia-Pacific. The fast-growing e-commerce and automotive industry along with the rising per capita disposable income drives the demand for bubble wrap packaging market in the region.
In 2018, North America held the second-largest market share in the bubble wrap packaging market. According to the Netherlands-based Ecommerce Foundation, North America had the second-largest share of the B2C e-commerce market, with turnover at around USD 644 billion. The growing e-commerce and automotive industry along with the rising demand for consumer goods are anticipated to raise the demand for bubble wrap packaging in the region. In 2018, the regional market was valued at USD 2,093.3 million, which is expected to reach USD 3,425.8 million by 2025 with a 7.62% CAGR during the forecast period.
Access Full Report Details With TOC (at) https://www.marketresearchfuture.com/reports/bubble-wrap-packaging-market-8296
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Datum: 26.03.2020 - 14:34 Uhr
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Date of sending: 26/03/2020
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