The realm of the bulb packaging market evolves with the urbanization process and increasing population, especially in the APEJ region. Over the forecast period, the lighting demand is expected to increase 1.3x its current level, propelling the bulb packaging market.
The global capacity factor for lighting needs is relevant to the light bulb packaging market. The deployed light bulbs must be altered at the end of their life cycle, fueling the light bulb packaging market. Because incandescent bulbs are being scrapped from the market, the global bulb packaging market now only includes LED and CFL light bulbs.
According to our research, the increased consumer inclination toward e-commerce has created packaging more distinctive than ever before, as customers are now purchasing commodities such as light bulbs. Over the forecast period, e-commerce is predicted to grow at a CAGR of 9%, affecting the light bulb packaging market.
As per the report LED lamp demand is expected to rise during the forecast period due to their high efficiency, which is positively influencing the light bulb packaging market. Over the forecast period, LED bulbs are expected to account for roughly half of all light bulbs.
According to FMI's research, organizations must also circumvent a variety of obstacles such as stringent rules enacted by regulatory authorities in some countries prohibiting the use of plastic.
However, the enhanced use of environmentally friendly materials in the manufacture of paperboard and folding cartons represents an opportunity for the bulb packaging market. Reusable and sustainable packaging may also open up new avenues for the bulb packaging industry.
Because of the substantial consumption and production in the region, the APEJ & Latin America region is anticipated to overpower the bulb packaging market. The APEJ accounts for one-third of LED bulb manufacturing while also being a major light bulb consumer.
Furthermore, rising industrialization and growing urbanization in emerging economies such as India and China are expected to propel market expansion in this region. Because of its sophisticated industrialization and mature economy, North America is expected to register the highest CAGR in the global bulb packaging market over the forecast period.
FMI recently completed a comprehensive review of recent developments by key players. Global Packaging Alliance, Global Printing & Packaging Co. Pvt. Ltd, Shenzhen Kaii Packaging Product Co., Ltd, Shenzhen Green Plastic Products Co., Ltd., FORMA Structural Packaging, and Shenzhen Shunbaoda Plastic MFG Co., Ltd. are some key players in the bulb packaging market.s
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Bulb Packaging Market Overview
Packaging plays a vital role in protecting products across industries throughout supply chain and shelving processes. Electronic products such as light bulbs which are delicate in nature require specific packaging that can ensure protection from damage caused from stress and shocks.
Bulb packaging not only protects light bulbs from physical damages but also is useful in providing information to the customer about the product and manufacturing company. The light bulb packaging provides information such as power demand, lumen intensity, and average life in hours, energy class, efficiency class, etc.
Damage resistant packaging can reduce the chances of bulb getting damage, thus improving the fill rate of the suppliers. The light bulb is prone to losing its functionality during transit or while lying on the shelf, hence packaging manufacturers are supplying bulb packaging that are damage resistant, strong and possess top grade qualities.
The light bulb packaging market is directly related to the installed capacity in the world for lighting needs. The light bulbs installed are required to be changed after completion of their life cycle thus fuelling the light bulb packaging market. The global bulb packaging market now covers only LED light bulbs and CFL as incandescent bulbs are in phase of transitioning out of the market.
Bulb Packaging Market: Dynamics
The rapid urbanization and increasing population especially in APEJ region is expected to boost the demand for lightning products. The lightning need is anticipated to grow 1.3x of its present need over the forecast period which will resultantly propel the bulb packaging market.
The demand for the LED lamps is expected to increase over the forecast period due to its high efficiency which is positively influencing the light bulb packaging market. LED bulbs are expected to account for approximately half of the light bulbs over the forecast period.
The increase in the consumer inclination towards e-retail has made packaging more prominent than ever before, as now consumers are ordering household products such as light bulbs. The e-retail is expected to grow at a CAGR of 9% over the forecast period which will affect the light bulb packaging market.
The need of protecting light bulbs from physical damages during the transit and containing mercury vapors released due to breakage of bulbs, have created opportunities for innovation in the light bulb packaging market. Plastic has high insulation properties, so it is used more often for packaging purposes.
The stringent rules implemented by the regulatory authorities in some nation against the use of plastic may hamper the bulb packaging market. However, the increase in the use of eco-friendly material for manufacturing of paperboard and folding cartons provides opportunities for the bulb packaging market. Reusable and sustainable packaging can also provide new opportunities for the bulb packaging market.
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Bulb Packaging Market: Regional Outlook
The APEJ & Latin America region is expected to dominate the bulb packaging market due to high production and consumption in the region. The APEJ accounts for one-third of the LED bulb production, while also being one of the major consumer for light bulbs.
Bulb Packaging Market: Key Players
Some key players operating in the bulb packaging market are Global Packaging Alliance, Global Printing & Packaging Co. Pvt. Ltd, Shenzhen Kaii Packaging Product Co., Ltd, Shenzhen Green Plastic Products Co., Ltd., FORMA Structural Packaging, Shenzhen Shunbaoda Plastic MFG Co., Ltd.
The report offers an accurate evaluation of the market through detailed qualitative insights and verifiable projections about market size. The projections presented in the report have been derived using proven research methodologies and assumptions.
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The report covers exhaustive analysis on
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico, Brazil and Rest of Latin America)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
Eastern Europe (Poland, Russia and Rest of Eastern Europe)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, and Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Bulb Packaging Market: Segmentation
Bulb packaging market can be segmented by the type of material used and by the end use.
Based on the type of material used, bulb packaging market can be segmented into:
Eco-friendly material
Non ecofriendly material
Based on the end use, bulb packaging market can be segmented into:
CFL packaging
LED packaging
Incandescent lamp packaging
Regionally global bulb packaging market is segmented into
