Bubble Wrap Packaging Market to Grow at 7.04%

“Bubble Wrap Packaging Market” Research Report from Absolute Reports (absolutereports.com) covers the present scenario and the growth prospects of the Bubble Wrap packaging industry for 2017-2023. The report titled, “Bubble Wrap Packaging Market,” has been prepared based on an in-depth market analysis with inputs from industry experts.
The global Bubble Wrap packaging market is expected to reach USD 10.73 billion by 2023 at a CAGR of 7.04% during the forecasted period. “Bubble Wrap Packaging Market” report covers the market landscape and its growth prospects over the coming years and discussion of the key vendors effective in this market. To calculate the market size, the report considers the revenue generated from the sales of Bubble Wrap packaging globally.

Bubble Wrap packaging is majorly a form of protective packaging which is composed of a two-layer polyethylene film. This film is being entrapped with air inside to form a bubble. It facilitates easy storage and production of fragile goods. The market is driven by various factors such as increase in trend for the online shopping, rapid growth in the electronic sector and the easy availability of the biodegradable bubble wrap in the market. However, the growth of this market is expected to be hindered by the easy availability of alternative packaging solutions.

Bubble Wrap packaging market is segmented on the basis of material that includes polyethylene, kraft paper, aluminum foil and others. The study indicates, polythene segment accounted for the largest share and is expected to be fastest growing material in the bubble wrap packaging market. On the basis of product, market can be segmented into bubble rolls, bubble bag, bubble mailer, and others. The study indicates, bubble rolls segment accounted for the largest share and is expected to be fastest growing product in the bubble wrap packaging market. Bubble rolls suitable for protecting various products from scratches, water, chemical and other damages. It is versatile and easy to use for a variety of purposes. They are easy on the budget and result in drastically reduced shipping costs. On the basis of application, market can be segmented into Automotive, Pharmaceutical, E-commerce, Electronics, and Others. The study indicates, E-commerce segment accounted for the largest share and is expected to be fastest growing application in the bubble wrap packaging market.

Key Findings:
The global bubble wrap packaging market is expected to reach USD 10.73 billion by 2023.
By product, Bubble Rolls segment in bubble wrap packaging market accounts for the largest market share and is growing with approximately ~7.23% CAGR during forecast period.
By material, Polythene segment in bubble wrap packaging market accounts for the largest market share and is growing with approximately ~7.68% CAGR during forecast period
By application, E-commerce segment in bubble wrap packaging market accounts for the largest market share and is growing with approximately ~7.67% CAGR during forecast period