"DS Smith Plc, Sealed Air Corporation, and Protega Global Ltd. to Attract the Most Attention"
NEWARK, DE / ACCESSWIRE / August 17, 2022 / The global paper bubble wrap market size is expected to grow from US$ 629 Mn in 2022 to US$ 1.1 Bn by 2032, accelerating at a CAGR of 5.0% during the forecast period (2022-2032). Growing demand for ecofriendly packaging solutions across various industries including manufacturing, e-commerce, and logistics is a key factor pushing demand for paper bubble wrap.
Paper bubble wrap is a type of package used by manufacturers to cover and protect various delicate products. It is made of kraft paper-like material and consists of regularly spaced honeycomb patterns or bubbles. It acts as a cushion for packaged products and thus helps end users in protecting and safeguarding the packed items.
Rapid expansion of end-use industries like manufacturing and logistics is expected to boost the growth of paper bubble wrap market during the forecast period. Similarly, implementation of stringent environmental regulations and growing demand for plastic bubble wrap alternatives will bolster paper bubble wrap sales over the next decade.
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Paper bubble wrap is a very good eco-friendly alternative to typical plastic bubble wrap. It is a lightweight material with excellent compatibility than other materials and possesses excellent strength-to-weight ratio.
Key Takeaways from Paper Bubble Wrap Market
By kraft paper type, the unbleached segment is estimated to have a market share of approximately 63% to 65% in 2022.
In terms of end use, e-commerce sector is anticipated to generate an incremental $ opportunity of US$ 208 Mn during the forecast period.
India is expected to hold a market share of around 8% in the global paper bubble wrap market during the assessment period.
Germany's bubble wrap market is expected to grow at a CAGR of 3.6% over the next decade
Demand for paper bubble wrap in the U.S. is projected to grow at 3.9% CAGR through 2032.
"Eco-friendly paper bubble wrap in packaging is expected to gain traction in the next decade due to the consumer preference for recyclable and biodegradable packaging solutions and implementation of stringent regulation pertaining to plastic usage" - comments FMI analyst
Burgeoning Growth of E-Commerce to Fuel the Expansion of Paper Bubble Wrap Market
The strong growth of the e-commerce sector has increased the demand for paper bubble wrap. Major e-commerce platforms such as Amazon and Flipkart continue to expand their reach by expanding their packaging style. They use paper bubble wrap to cover delicate products and protect them from damage. Market share in the e-commerce sector is expected to be around 40-42% during the forecast period.
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Leading paper bubble wrap manufacturers include DS Smith Plc, Protega Global Ltd, Kingfisher Packaging Ltd, HexcelPack, LLC,Sealed Air Corporation, Packhelp, Packopaper, Rajapack Ltd, Swiftpak, Verite Eco packaging, A&A Naturals, Ameson Packaging, The Bamboo Company, HUIZHOU BETA PACKTECH CO.,LTD, Million parcel, Hexsa, Guangzhou Pai King Packing Products Co. Ltd., Intertape Polymer Group, Ajit Industries Pvt. Ltd. and Safe Corrugated Containers Pvt Ltd.
These key players bare constantly upgrading their product portfolios by introducing novel products with innovative designs. Besides this, they provide customized packaging solutions to improve their customer base.
Global Paper Bubble Wrap Market by Category
Paper Bubble Wrap Market Report
Future market insights, in its new report, offers an unbiased analysis of the global market for paper bubble wrap market by kraft paper type (bleached and unbleached), by thickness (less than 41 GSM, 41 to 100 GSM and above 100 GSM), by end use (manufacturing & warehousing (pharmaceutical, electronics & electricals, automotive & allied industries, food & beverages, cosmetics & personal care, others (agriculture etc.)), e-commerce and logistics & transportation), across seven regions.
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Since there are so many local and regional competitors, the worldwide paper bubble wrap market is extremely fragmented and competitive in nature. Key paper bubble wrap manufacturers use a variety of marketing techniques, including mergers & acquisitions, expansions, collaborations, and partnerships.
Leading organisations also use new product creation as a strategic way to expand their market presence among customers. Some of the recent developments in the market are as follows -
In May 2022, Protege Global won the 2022 Packaging Innovation Showcase Award for the most innovative product. According to the protege global, the UK is a game changer to lower their carbon footprint and they were the only manufacturer of paper bubble wrap in the whole UK.
In August 2021, Hexcel Pack announced a new pallet wrap which is an eco-friendly, paper-based protective cushioning solution to replace bubble packaging and other plastic or foam base material. PalletWrap was developed with high-tension Powerstretch technology.
3.3. Macro Factors and Forecast Factors
3.4.2. Raw Kraft Paper Type Suppliers
3.7. Global Average Pricing Analysis Benchmark
4. Global Paper Bubble Wrap Market Analysis 2015-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2015-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032
Explore FMI's Extensive Coverage on Packaging Domain
Bubble Lined Courier Bags Market Size: Bubble lined courier bags are an ideal solution for storing, handling valuables securely. Bubble lined courier bags are cheaper as compared with other security bags used for mailing.
Bubble Tubes Market Share: According to latest research by FMI, bubble tubes market is set to witness steady growth during 2021-2031 with expected CAGR of approximately 5.7%.
Bubble Wrap Machine Market Sales: According to latest research study by FMI, global bubble wrap machine market is anticipated to observe a magnificent CAGR of more than 5% during the forecast period.
Wrapping Tissues Market Trends: The global wrapping tissues market is anticipated to be valued at US$ 1.38 Billion in 2021, forecast to grow at a Y-o-Y rate of 4.3% in 2022 to reach US$ 1.44 Billion. From 2022 to 2032, a CAGR of 4.1% is expected for the market, anticipated to reach US$ 2.15 Billion by 2032.
Wrap Around Cartoners Market Volume: The global wrap around cartoners market is projected to secure a slow-paced CAGR of 2.9% during the forecast period, and attain a value of US$ 887.3 million by 2032.
Paper Wrap Market Analysis: According to latest report, the paper wrap market saw soaring growth in 2021 with worldwide revenues up by lucrative growth year over year. A new forecast estimates that paper wrap market revenues will nearly double between 2021 and 2031.
Protective Wrapping Paper Market Forecast: Protective packaging usually mean materials such as filler or wraps used inside a crate, box, or other container to cushion packaged products from any collisions.
Kraft Paper Machine Market Value: The kraft paper machine mainly consists of three sectional systems namely forming section, press section, drying section and lastly the calendar section. Kraft Paper machines systems are the drive systems that increase the performance of the machine and delivers improved quality of the paper.
Rice Paper Stand Up Pouch Market Overview: The rice paper stand-up pouch market is estimated at US$ 56.5 Billion in 2022 and secure a value of US$ 101.2 Billion 2032 while expanding at a CAGR of 6% during the forecast period.
Pre-Printed Tape Market Outlook: As per FMI Analysts, the global pre-printed tape market is estimated to be valued at US$ 40 Billion in 2022 and is projected to increase at a CAGR of 3% in the forecast period from 2022 to 2032.
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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SOURCE: Future Market Insights, Inc.
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