Global Bubble Wrap Packaging Market will reach USD 10.73 Billion by 2023

Market Highlights:
The increased demand for bubble wrap packaging depends heavily on the emergence of e-commerce platforms and organized retail outlets in cities and townships. The growth of e-commerce websites runs parallel with the packaging industry. The reason is the dependence of the online shopping portals on the logistics solutions. The industry depends on the safe and quick delivery of the products to the end-user. The packaging plays an important role. Bubble wraps are used extensively to ship the product in the best possible way, so that it reached the user without being damaged or tampered.

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Market Research Analysis:
Asia-Pacific accounted for the largest market share of 31.54 % in 2016 and is expected to grow the highest during the forecast period owing to rising disposable incomes and the booming ecommerce industry. The protective packaging market in developing countries such as China and India are estimated to grow at a high rate in the forecast period. China is estimated to grow faster than any other country because of its strong economic growth along with increase in online shopping and rapid urbanization. China will account for the largest market share of 38.45% over the forecast period.

Key Players:
The key players of global bubble wrap packaging market report include Sealed Air Corporation (North Carolina), Veritiv Corporation (Georgia), Pregis Corporation (U.S.), Tarheel Paper & Supply Company (U.S.), Jiffy Packaging Co. (U.K.), iVEX Protective Packaging Inc.(U.S.), Barton Jones Packaging Ltd (U.S.), Automated Packaging System (U.S.), Abco Kovex Ltd (Ireland), Future Packaging and Machinery (PTY) Ltd (Johannesburg) and others.

Scope of the Report:
This study provides an overview of the global bubble wrap packaging market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Electronic goods packaging market by its material, product, application and region.

By Material
• Polyethylene
• Kraft Paper
• Aluminum Foil
• Others

By Product
• Bubble rolls
• Bubble Bag
• Bubble Mailer
• Others

By Application
• Automotive
• Pharmaceutical
• E-commerce
• Electronics
• Others

By Region
• North America
• Asia Pacific
• Europe
• Rest of the World
.
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