In 2021, the US Corrugated Bubble Wrap market grew by 10% year on year, bucking initial scepticism about how the market would perform during a global pandemic. Across the whole of North America, total demand/sales of Corrugated Bubble Bags/ Mailers reached a new high.
Corrugated Bubble Wrap Market: An Overview
The packaging industry has evolved to meet the requirements of product makers from time to time. The diversified increase in industrial demands has led to new inventions of packaging materials and solutions. Corrugated bubble wrap is a flexible and durable packaging solution used for transit purposes of extremely delicate items.
Equally spaced, air-filled corrugation provides cocoon-like support for fragile items. Corrugated bubble wrap is largely used in shipping & logistics and the E-commerce industry for packaging, shipping and for storage purposes.
The need for the transportation of delicate products and devices demands durable and shock-resistant packaging. Counting on the previously mentioned factors the sales for the corrugated bubble wrap market has witnessed an uproar in recent times and will continue to grow in the forecast period.
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What Accelerates the Market Growth of Corrugated Bubble Wrap Market?
The provision of extremely delicate care via using corrugated bubble wrap is just one side of the coin, the global corrugated bubble wrap market is associated with enormous other factors. The rise in public outrage towards the use of plastic packaging materials has played a subsequent role in market development and will continue to thrust the market demand for the corrugated bubble wrap market.
The unpropitious effect of plastic has been currently under large scrutiny by various environmental organizations. Nations throughout the globe have implemented stringent environmental regulations which resulted in imposing partial or full bans on non-biodegradable materials. The shifting preferences of manufacturers towards sustainable yet paper-based packaging solutions are driving the sales of corrugated bubble wrap in the market.
How will Swiftly Increase E-Commerce Cater for Market Opportunities for Corrugated Bubble Wrap Market?
The retail sector has faced a huge blow as the millennial generation has grown more inclined towards online shopping which has proven to be a boon for the e-commerce sector. The increase in household incomes and reluctance to spend time shopping has led to an exponential increase in the e-commerce sector.
A growing number of online platforms are all focused on making every possible move for consumers to procure their orders without any in-transit losses caused due to poor packaging, this would highly impact the sales of corrugated bubble wrap in the market for packaging of fragile items and products.
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How Will an Increase in a Change of Packaging Methods Work as a Market Trend for Corrugated Bubble Wrap Market?
In a bid to provide better packaging solutions, corrugated bubble wrap will provide protective packaging in addition to air cushions which are favoured means of protection in the packaging domain. Increased spending on R&D has been seen in the industries by various players to improve corrugated bubble wrap to make it more effective and cheap.
As effective packaging will improve the brand image of the company, which will further significantly contribute to the growth of the corrugated bubble wrap market in the future.
Competitive Landscape
Global Players:
Delux Packaging, Inc.
Conitex Sonoco
Larsan Packaging Products, Inc.
Western Container Corp.
Cougar Packaging Solutions
Albert Paper Products
Alpha Packaging Inc.
Elsons International, Inc., Dyer Packaging, Inc.
APAC Players:
Airpack Inc.
Sonoco Asia
Pack Mile Pvt. Ltd.
SYD Cardboard Carton
Dongguan Hongxu Paper Packaging Co. Ltd.
Sweidun Inc. Ltd.
Shandong Seto Environmental Technologies Co. Ltd.
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What Strategies Are Adopted by Key Players for Increasing their Market Share in the Corrugated Bubble Wrap Market?
The key players adopt various strategies such as product launch, merger & acquisition, expansion, innovation and others to survive and compete in the market:
Companies like Cortec Corp., Salazar Packaging, Polycell International are changing their focus towards improving their promotional hacks. They are collaborating with global players for the promotion of corrugated products/ biodegradable products. This would increase the sales for the corrugated bubble wrap market.
With more imposition of rules towards usage of recyclable products by governments organisations such as Sealed Air Corp., Goldfoam Sp.o.o. are moving into producing greener bubble wraps which will raise the demand for corrugated bubble wrap market.
Why will China Hold a Prominent Share in the Corrugated Bubble Wrap Market?
China has been the big exporter of fragile and delicate items of various end use industries such as automotive, electronics, healthcare and others. Also since last couple of years, paper based corrugated packaging is gaining the significant traction in the Chinese packaging market which contribute to considerably to the corrugated bubble wrap market.
Rising manufacturing output from above mention industries in China is creating the massive demand for corrugated packaging solutions including corrugated bubble wrap which further projected to drives the market growth.
How has COVID-19 Impacted the Growth of the Corrugated Bubble Wrap Market?
Pandemic disrupted the supply chain of raw materials & product at the beginning which created issues with the unavailability of the raw material and product in the market, but with time government restored the supply chains and the demand for e-commerce, transportation of goods, logistical support increased exponentially.
To provide the consumers and fulfil the demands of the industry a large surge was seen in the demand for the corrugated bubble wrap market.
Key Segments of Corrugated Bubble Wrap Market Covered in the Report
