Demand for bubble wrap packaging in Korea is anticipated to exhibit a CAGR of 2.30% through 2033. The bubble wrap packaging sales outlook is expected to grow considerably, from US$ 15.8 million in 2023 to around US$ 19.9 million by 2033.
| Attributes | Key Statistics |
|---|---|
| Base Year Value (2023) | US$ 15.8 million |
| Anticipated Forecast Value (2033) | US$ 19.9 million |
| Estimated Growth (2023 to 2033) | 2.30% CAGR |
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Rise in eCommerce to boost the Bubble Wrap Packaging Industry in Korea
The bubble wrap packaging industry has been going through a significant surge in the Korea as more consumers turn to online shopping. There is a growing need for safe and secure packaging solutions to protect products during transit, and bubble wrap packaging provides excellent cushioning and shock absorption properties, ensuring that items arrive at their destination in optimal condition. This has led to an increased demand for bubble wrap packaging materials and solutions in Korea.
Bubble wrap packaging offers a versatile and cost-effective solution for safeguarding these items during transportation. Its lightweight nature also helps to minimize shipping costs, making it an attractive choice for eCommerce businesses looking to optimize their packaging processes. As the eCommerce industry continues to grow and evolve in Korea, the demand for bubble wrap packaging is expected to rise in parallel.
Consumption Analysis of Bubble Wrap Packaging Industry in Korea:
On the basis of material type, Low-density Polyethylene dominates the bubble wrap industry with a revenue share of 73.00% in 2023.
| Attributes | Details |
|---|---|
| Material Type | LDPE |
| Value Share in 2023 | 73.00% |
In Korea, LDPE (Low-Density Polyethylene) bubble wrap packaging solutions have gained significant preference because they offer exceptional cushioning and protection for products during transportation. The air-filled bubbles act as a buffer, effectively absorbing shocks and impacts that may occur during handling and shipping.
LDPE bubble wrap is lightweight and cost-effective, making it the preferred choice for businesses in Korea. The low density of LDPE allows for efficient use of materials while still providing adequate protection. This not only reduces business expenses but also fulfills the demand for sustainability and eco-friendly practices.
Application-wise, the bubble wrap packaging industry is segmented into manufacturing & warehousing, eCommerce, and logistics & transportation. As of 2023, the manufacturing industry heavily dominates the Korean landscape with a revenue share of 41.8%.
| Attributes | Details |
|---|---|
| Application | Manufacturing & Warehousing |
| Value Share in 2023 | 41.80% |
Bubble wrap packaging has found its place as a valuable solution in the Korean manufacturing industry, providing excellent protection for products during the manufacturing process. In the electronics, automotive, and consumer goods industries, where delicate and sensitive components are involved, bubble wrap acts as a reliable cushioning material.
There is also considerable demand for bubble wrap packaging solutions in the Korean manufacturing sector, as it helps prevent scratches, dents, and other damages that can occur during handling, assembly, and transportation. By securely wrapping products with bubble wrap, manufacturers can ensure that their goods remain intact and in pristine condition throughout the production cycle.
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The bubble wrap packaging industry in Korea is going through a slight plunge, as it can be noticed that there has been minimal growth in recent years. The presence of numerous key players who have their reach not just in Korea but worldwide is adding to the industry's overall revenue growth. Well-established players have put extensive research into developing sustainable materials in the bubble wrap packaging industry. Despite coming up with eco-friendly materials, businesses all around the region still prefer conventional packaging solutions due to affordability, availability, and familiarity.
Recent Developments in the Bubble Wrap Packaging Industry in Korea:
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| Attribute | Details |
|---|---|
| Estimated Valuation (2023) | US$ 15.8 million |
| Projected Valuation (2033) | US$ 19.9 million |
| Anticipated CAGR (2023 to 2033) | 2.30% CAGR |
| Historical Analysis of the Bubble Wrap Packaging Industry in Korea | 2018 to 2022 |
| Demand Forecast the Bubble Wrap Packaging Industry in Korea | 2023 to 2033 |
| Quantitative Units | Revenue in US$ million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Key Cities Profiled | South Gyeongsang, North Jeolla, South Jeolla, Jeju |
| Key Companies Profiled | LG Chem; Lotte Chemical; SK Corporation; Dow Chemical Korea; Hanwha Chemical; Kumho Petrochemical; S-Pack; WooSung Packaging; Daelim Chemical; Shinwha Packaging; Daelim Industry; Samhwa Packaging |
The anticipated CAGR for Korea's bubble wrap packaging industry through 2033 is 2.30%.
Demand for bubble wrap packaging in Korea is likely to be US$ 19.9 million by 2033.
LDPE holds the top preference as a material for bubble wrap packaging, capturing a significant industry share of 73.00%.
In Korea, the manufacturing and warehousing industry dominates the bubble wrap packaging landscape in 2023, with a share of 41.80%.
1. Executive Summary 1.1. Korea Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Sq. Mtr) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Sq. Mtr) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Material Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Sq. Mtr) Analysis By Material Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Sq. Mtr) Analysis and Forecast By Material Type, 2023 to 2033 5.3.1. LDPE 5.3.2. HDPE 5.3.3. LLDPE 5.4. Y-o-Y Growth Trend Analysis By Material Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Material Type, 2023 to 2033 6. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Product Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Sq. Mtr) Analysis By Product Type, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Sq. Mtr) Analysis and Forecast By Product Type, 2023 to 2033 6.3.1. Bubble Sheets 6.3.2. Bubble Bags/Mailers 6.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033 7. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Sq. Mtr) Analysis By End Use, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) & Volume (Sq. Mtr) Analysis and Forecast By End Use, 2023 to 2033 7.3.1. Manufacturing & Warehousing 7.3.1.1. Pharmaceuticals 7.3.1.2. Electronics & Electrical 7.3.1.3. Automotive & Allied Industries 7.3.1.4. Food & Beverage 7.3.1.5. Cosmetic & Personal Care 7.3.1.6. Others (Agriculture, Healthcare etc.) 7.3.2. E-commerce 7.3.3. Logistics & Transportation 7.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033 8. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume (Sq. Mtr) Analysis By Region, 2018 to 2022 8.3. Current Market Size Value (US$ Million) & Volume (Sq. Mtr) Analysis and Forecast By Region, 2023 to 2033 8.3.1. South Gyeongsang 8.3.2. North Jeolla 8.3.3. South Jeolla 8.3.4. Jeju 8.3.5. Rest of Korea 8.4. Market Attractiveness Analysis By Region 9. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 9.1. Historical Market Size Value (US$ Million) & Volume (Sq. Mtr) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (Sq. Mtr) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Material Type 9.2.2. By Product Type 9.2.3. By End Use 9.3. Market Attractiveness Analysis 9.3.1. By Material Type 9.3.2. By Product Type 9.3.3. By End Use 9.4. Key Takeaways 10. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 10.1. Historical Market Size Value (US$ Million) & Volume (Sq. Mtr) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Sq. Mtr) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Material Type 10.2.2. By Product Type 10.2.3. By End Use 10.3. Market Attractiveness Analysis 10.3.1. By Material Type 10.3.2. By Product Type 10.3.3. By End Use 10.4. Key Takeaways 11. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 11.1. Historical Market Size Value (US$ Million) & Volume (Sq. Mtr) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Sq. Mtr) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Material Type 11.2.2. By Product Type 11.2.3. By End Use 11.3. Market Attractiveness Analysis 11.3.1. By Material Type 11.3.2. By Product Type 11.3.3. By End Use 11.4. Key Takeaways 12. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 12.1. Historical Market Size Value (US$ Million) & Volume (Sq. Mtr) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Sq. Mtr) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Material Type 12.2.2. By Product Type 12.2.3. By End Use 12.3. Market Attractiveness Analysis 12.3.1. By Material Type 12.3.2. By Product Type 12.3.3. By End Use 12.4. Key Takeaways 13. Rest of Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 13.1. Historical Market Size Value (US$ Million) & Volume (Sq. Mtr) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Sq. Mtr) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Material Type 13.2.2. By Product Type 13.2.3. By End Use 13.3. Market Attractiveness Analysis 13.3.1. By Material Type 13.3.2. By Product Type 13.3.3. By End Use 13.4. Key Takeaways 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Material Type 14.3.3. By Product Type 14.3.4. By End Use 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. Abriso-Jiffy NV 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.1.5.2. Product Strategy 15.1.1.5.3. Channel Strategy 15.1.2. Intertape Polymer Group Inc. 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.2.5.2. Product Strategy 15.1.2.5.3. Channel Strategy 15.1.3. iVEX Packaging 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.3.5.2. Product Strategy 15.1.3.5.3. Channel Strategy 15.1.4. Nefab AB 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.4.5.2. Product Strategy 15.1.4.5.3. Channel Strategy 15.1.5. Pregis LLC 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.5.5.2. Product Strategy 15.1.5.5.3. Channel Strategy 15.1.6. Sealed Air Corp. 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segments 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.6.5.2. Product Strategy 15.1.6.5.3. Channel Strategy 15.1.7. Smurfit Kappa Group Plc 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segments 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.7.5.2. Product Strategy 15.1.7.5.3. Channel Strategy 15.1.8. Storopack Hans Reichenecker GmbH 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segments 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 15.1.8.5.2. Product Strategy 15.1.8.5.3. Channel Strategy 15.1.9. Tarheel Paper and Supply Co. 15.1.9.1. Overview 15.1.9.2. Product Portfolio 15.1.9.3. Profitability by Market Segments 15.1.9.4. Sales Footprint 15.1.9.5. Strategy Overview 15.1.9.5.1. Marketing Strategy 15.1.9.5.2. Product Strategy 15.1.9.5.3. Channel Strategy 15.1.10. Veritiv Corp. 15.1.10.1. Overview 15.1.10.2. Product Portfolio 15.1.10.3. Profitability by Market Segments 15.1.10.4. Sales Footprint 15.1.10.5. Strategy Overview 15.1.10.5.1. Marketing Strategy 15.1.10.5.2. Product Strategy 15.1.10.5.3. Channel Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
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Bubble Wrap Packaging Industry Analysis in Korea
