The adhesive bubble wrap market is poised for substantial growth, with Future Market Insights predicting a value pool of US$ 2.5 billion by the end of 2023. Furthermore, the global demand for adhesive bubble wraps is projected to rise at a commendable CAGR of 4%, reaching an estimated US$ 3.7 billion by 2033.
Several key factors contribute to this promising outlook for the adhesive bubble wrap market. One significant driver is the increasing awareness and demand for sustainable packaging solutions. Manufacturers of adhesive bubble wraps are progressively embracing eco-friendly materials, including biodegradable and recyclable options. This shift towards sustainability is a response to the growing consumer and industry demand for environmentally responsible packaging materials, and it is expected to be a major driver of market growth.
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Additionally, the expansion of the logistics and transportation industry is playing a crucial role in the market’s growth. As the logistics and transportation sector experiences rapid expansion, the need for protective packaging materials, such as adhesive bubble wrap, is surging. Adhesive bubble wrap offers excellent protection for fragile items during transit, making it an essential component of the logistics and transportation industry. This surge in demand is expected to drive substantial market growth in the coming years.
The Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Adhesive Bubble Wrap
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Adhesive Bubble Wrap market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Takeaways and Projections
- The U.S. is expected to lead the North America Adhesive Bubble Wrap industry, projecting the fastest growth in the region between 2023 and 2033
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2033.
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Report Benefits & Key Questions Answered
- Historical Market Analysis: The detailed survey by FMI, examines key factors in the Adhesive Bubble Wrap industry that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Adhesive Bubble Wrap industry for the forecast period 2023-2033.
- Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Adhesive Bubble Wrap for the assessment period. As per the study, the demand for Adhesive Bubble Wrap will grow at a robust CAGR between 2023 and 2033.
- Market Trend Analysis: The latest study by FMI on the Adhesive Bubble Wrap market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The industry survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Adhesive Bubble Wrap market. The survey provides a thorough industry share analysis to offer an in-depth analysis of prevailing competition.
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Market Segmentation:
Based on Material:
- HDPE
- LLDPE
- LDPE
Based on End Use:
- E-Commerce
- Manufacturing
- Electronics & electricals
- Pharmaceuticals
- Food & Beverages
- Cosmetics & Personal Care
- Automotive & allied industries
- Others (agriculture, healthcare)
On Basis of Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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