Bubble Wrap Packaging Market by End-user and Geography - Forecast and Analysis 2021-2025

The bubble wrap packaging market's share is expected to increase by USD 975.84 million from 2020 to 2025, and the market's growth momentum will decelerate at a CAGR of 5.34%.

This bubble wrap packaging market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (e-commerce, electronic components, and other end-users) and geography (APAC, North America, Europe, South America, and MEA). The bubble wrap packaging market report also offers information on several market vendors, including Abriso-Jiffy NV, Intertape Polymer Group Inc., iVEX Packaging, Nefab AB, Pregis LLC, Sealed Air Corp., Smurfit Kappa Group Plc, Storopack Hans Reichenecker GmbH, Tarheel Paper and Supply Co., and Veritiv Corp., among others.

What will the Bubble Wrap Packaging Market Size be During the Forecast Period?

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Bubble Wrap Packaging Market: Key Drivers and Challenges

The growing e-commerce market fuels the growth of the bubble wrap packaging market is notably driving the bubble wrap packaging market's growth, although factors such as growing on-demand packaging in the e-commerce industry may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the bubble wrap packaging industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Bubble Wrap Packaging Market Driver

The growing e-commerce market has been fueling the bubble wrap packaging market share growth. China and the US are the major growth contributors to the global e-commerce market growth. The convenience provided by order tracking and free shipments is encouraging many end-users to choose online shopping over brick-and-mortar stores. E-commerce packaging also plays a key role in branding since it is the first point of interaction of a consumer with the brand. Hence, it becomes essential for vendors to market and brand their products through the packaging delivered to the customers' doorsteps to maintain customer base and loyalty. Such immense growth of the e-commerce sector will further drive the demand for bubble wrap packaging during the forecast period.

Key Bubble Wrap Packaging Market Challenge

The growing on-demand packaging in the e-commerce industry is a key bubble wrap packaging market challenge. Increased weight and higher space use of the shipment box in the warehouse lead to increased operating expenses for e-commerce players and retailers. The use of protective packaging material increases the weight and size of the shipment box. The cost incurred on lining the box with protective packaging material also varies, depending on the size of the shipment box. These factors make it necessary for retailers and e-commerce players to adopt alternative packaging to reduce the high costs associated with warehouse space use and the purchase of void filling material (protective packaging), which could impede the growth of the bubble wrap packaging market vendors in the coming years. 

This bubble wrap packaging market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Bubble Wrap Packaging Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Abriso-Jiffy NV
• Intertape Polymer Group Inc.
• iVEX Packaging
• Nefab AB
• Pregis LLC
• Sealed Air Corp.
• Smurfit Kappa Group Plc
• Storopack Hans Reichenecker GmbH
• Tarheel Paper and Supply Co.
• Veritiv Corp.

This statistical study of the bubble wrap packaging market encompasses successful business strategies deployed by the key vendors. The bubble wrap packaging market is fragmented, and the vendors are deploying various inorganic and organic growth strategies to compete in the market.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The bubble wrap packaging market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Bubble Wrap Packaging Market?