Challenges And Opportunities Report About Air Bubble Wrap
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.
Demographic Trends such as rapid urbanisation, industrialisation, and increasing population have been complementing expansion of the manufacturing sector in Asia-Pacific excluding Japan (APEJ). APEJ will continue to be the largest contributor to the global bubble wrap packaging market, in terms of revenues. Europe and North America are also expected to remain lucrative for growth of the bubble wrap packaging market. In addition, the market in Middle East & Africa (MEA) and Europe are expected to witness a parallel expansion through 2026. However, following Japan, MEA will remain less lucrative for the market expansion.
General grade bubble wraps and high grade bubble wraps are anticipated to remain the top-selling products in the market, with their sales collectively estimated to exceed US$ 2,000 Mn by 2026-end. However, sales of temperature-controlled bubble wraps will reflect the highest CAGR through 2026.
Key players identified by FMI’s report on the global market for bubble wrap packaging include Omniverse Foster Packaging Group, Inflatable Packaging, Inc., Free-Flow Packaging International, Inc., Polyair Inter Pack Inc., Automated Packaging Systems, Inc., FROMM Packaging Systems Inc., Storopack Hans Reichenecker GmbH, Pregis Corporation, Smurfit Kappa Group, and Sealed Air Corporation.