Global Bubble Wrapping Market 2019-2023

The bubble wrapping market size will grow by USD 960 million during 2019-2023. This report offers an analysis of the market based on the end user (E-commerce, electronic components, and others) and geography (Americas, APAC, and EMEA). The bubble wrapping market research report further analyzes the market’s competitive landscape and offers information on several companies including NEFAB GROUP, Pregis, Sealed Air, Smurfit Kappa, and STOROPACK HANS REICHENECKER.
Below are some of the key findings from the bubble wrapping market research report

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Global bubble wrapping industry overview

The growing global e-commerce market is one of the key factors driving the bubble wrapping market growth. With growing digital literacy, more consumers are adopting towards shopping when compared to traditional outlets. Furthermore, the global cross-border B2C e-commerce market is also increasing at a CAGR of 24% during 2017-2021. E-commerce players are focusing on using relevant packaging solutions for the transportation of various goods. With the safe delivery of goods being a key concern for e-commerce players, the demand for bubble wrapping is expected to increase substantially in the coming years.

Innovations in bubble wrapping products are one of the critical bubble wrapping market trends that will further stimulate market growth across the globe. Many vendors are focused on developing biodegradable bubble wraps to capitalize on the opportunities in sustainable packaging segment. Other innovative products include wrap which can be converted to fit any packaging environment and wraps with air retention layer to prevent bubbles from bursting. The bubble wrapping market forecast report predicts that fueled by these factors, the market will grow at a CAGR of almost 8% during the forecast period.