The global sales corrugated bubble wrap Market are estimated to be worth USD 1.3 billion in 2021 and are anticipated to reach a value of USD 2.1 billion by 2031. Sales are projected to rise at a CAGR of 5.4% over the forecast period between 2021 and 2031. The revenue generated by corrugated bubble wrap in 2020 was USD 1.2 billion.
The corrugated bubble wrap market is anticipated to grow in the protective packaging segment to offer the combined effect of cushioning properties of bubble wrap as well as structural benefit of corrugated paper. Corrugated bubble wrap offers hybrid packaging solution for higher protection for numerous applications in transit and storage.
This has made it a preferred choice in end use industries like e-commerce, electronics, and other fragile goods. Increasing demand for protection for products during shipping to ensure the good product condition is boosting corrugated bubble wrap market.
Rising rate of online shopping and DTC sales is increasing the market growth. The need for preventing damage to the products while shipping and handling is driving the demand for high performance protective packaging.
Global Corrugated Bubble Wrap Market Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 1.2 billion |
| Estimated Size, 2021 | USD 1.3 billion |
| Projected Size, 2031 | USD 2.1 billion |
| Value-based CAGR (2021 to 2031) | 5.4% |
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The packaging industry has evolved to meet the requirements of product makers from time to time. The diversified increase in industrial demands has led to new inventions of packaging materials and solutions. Corrugated bubble wrap is a flexible and durable packaging solution used for transit purposes of extremely delicate items.
Equally spaced, air-filled corrugation provides cocoon-like support for fragile items. Corrugated bubble wrap is largely used in shipping & logistics and the E-commerce industry for packaging, shipping and for storage purposes.
The need for the transportation of delicate products and devices demands durable and shock-resistant packaging. Counting on the previously mentioned factors the sales for the corrugated bubble wrap market has witnessed an uproar in recent times and will continue to grow in the forecast period.
The provision of extremely delicate care via using corrugated bubble wrap is just one side of the coin, the global corrugated bubble wrap market is associated with enormous other factors. The rise in public outrage towards the use of plastic packaging materials has played a subsequent role in market development and will continue to thrust the market demand for the corrugated bubble wrap market.
The unpropitious effect of plastic has been currently under large scrutiny by various environmental organizations. Nations throughout the globe have implemented stringent environmental regulations which resulted in imposing partial or full bans on non-biodegradable materials.
The shifting preferences of manufacturers towards sustainable yet paper-based packaging solutions are driving the sales of corrugated bubble wrap in the market.
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The retail sector has faced a huge blow as the millennial generation has grown more inclined towards online shopping which has proven to be a boon for the e-commerce sector. The increase in household incomes and reluctance to spend time shopping has led to an exponential increase in the e-commerce sector.
A growing number of online platforms are all focused on making every possible move for consumers to procure their orders without any in-transit losses caused due to poor packaging, this would highly impact the sales of corrugated bubble wrap in the market for packaging of fragile items and products.
In a bid to provide better packaging solutions, corrugated bubble wrap will provide protective packaging in addition to air cushions which are favoured means of protection in the packaging domain. Increased spending on R&D has been seen in the industries by various players to improve corrugated bubble wrap to make it more effective and cheap.
As effective packaging will improve the brand image of the company, which will further significantly contribute to the growth of the corrugated bubble wrap market in the future.
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Global Players:
APAC Players:
The key players adopt various strategies such as product launch, merger & acquisition, expansion, innovation and others to survive and compete in the market:
China has been the big exporter of fragile and delicate items of various end use industries such as automotive, electronics, healthcare and others. Also since last couple of years, paper based corrugated packaging is gaining the significant traction in the Chinese packaging market which contribute to considerably to the corrugated bubble wrap market.
Rising manufacturing output from above mention industries in China is creating the massive demand for corrugated packaging solutions including corrugated bubble wrap which further projected to drives the market growth.
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Corrugated Bubble Wrap Market
