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Abhishek Budholiya
abhishek.b@futuremarketinsights.com
www.futuremarketinsights.com/

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Bubble Wrap Packaging Market is Expected to Expand US$ 3,500 Mn by 2026
Bubble Wrap Packaging Market is Segmented by Product Type - Limited Grade Bubble Wraps, General Grade Bubble Wraps, High Grade Bubble Wraps, Temperature Controlled Bubble Wraps


Future market insights
BriefingWire.com, 8/10/2018 - A new report by Future Market Insights (FMI) has projected the global market for bubble wrap packaging to ride on an impressive CAGR over the forecast period, 2017 to 2026. Revenues from sales of bubble wrap packaging across the globe is poised to reach nearly US$ 3,500 Mn by 2026-end.

Biodegradable Bubble Wraps – A Key Trend Observed in the Market

As sustainability has gained increased momentum in the packaging industry, vendors in the market are making huge investments in research & development activities for developing environment friendly and sustainable packaging solutions. Increasing concerns about impact of plastics on the environment has further led toward development of eco-friendly flexible protective packaging, such as biodegradable bubble wraps for packaging. This is a key trend being observed in the bubble wrap packaging market.

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The booming e-commerce sector has spurred the demand for bubble wrap packaging since the recent past. Robust expansion of retail industries is expected to pave significant opportunities for vendors in the global bubble wrap packaging market. These vendors mainly compete in terms of factors such as distribution network, innovation, market responsiveness, and product pricing. In addition, international players in the market are eyeing on acquisition of regional players, in a bid to enhance their product portfolio and increase their market presence.

Bubble wraps tend to catch fire more easily than other forms of flexible protective packaging, mainly because the plastic and air mixture. This factor might curb the adoption of bubble wraps as packaging solutions. In addition, several eco-friendly and less expensive alternatives to bubble wraps are gaining prevalence in the market, such as recycled paper and foam packaging, which in turn is expected to inhibit the market expansion of bubble wrap packaging.

PE- & PET-based Bubble Wrap Packaging to Collectively Surpass US$ 2,500 Mn by 2026-end

Based on material, bubble wraps manufactured by using polyethylene (PE) and polyethylene terephthalate (PET) are expected to remain dominant in the market, in terms of revenues. Revenues from sales of PE- and PET-based bubble wrap packaging are collectively estimated to exceed US$ 2,500 Mn by 2026-end. In contrast, revenues from bubble wraps manufactured by using polyamide (PA) will remain relatively lower over the forecast period.

Bubble wrap packaging is expected to witness the fastest expansion for end-use in healthcare, electrical & electronics, and home care products respectively. In addition, sales of bubble wrap packaging in shipping & logistics, and personal care and cosmetics end-use sectors are expected to register nearly similar CAGRs through 2026. Bubble wrap packaging is also expected to witness a robust demand for end use in automotive and allied industries throughout the forecast period.

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