The global paper bubble wrap market is on a strong growth trajectory, with a valuation projected to rise from approximately USD 629.3 million in 2022 to USD 661.4 million in 2023. This upward trend reflects a significant compound annual growth rate (CAGR) of 5.1%, with the market anticipated to exceed USD 1,087.4 million by 2033.
Core Concepts in the Paper Bubble Wrap Industry
- Expected Size by End of 2023: The paper bubble wrap market is projected to be valued at USD 661.4 million.
- Leading Industry Players: Key players in the paper bubble wrap industry include DS Smith Plc, Protega Global Ltd, and Kingfisher Packaging Ltd.
- Growth Forecast: The industry is expected to grow at a CAGR of 5.1% from 2023 to 2033.
- Key Segment by Kraft Paper Type: The unbleached segment is anticipated to lead the market through 2033.
- Top Trend: The demand for secure transportation and packaging driven by the logistics industry is a major trend in the paper bubble wrap market.
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Key Trends Driving Paper Bubble Wrap Demand:
- Extensive Usage in Logistics & Transportation: The robust growth of the logistics industry has propelled the demand for paper bubble wrap, particularly in transportation and logistics packaging. As products need to be securely packaged to prevent damage during transit, paper bubble wrap has emerged as a preferred solution. Its use for palletizing in logistics further contributes to market growth.
- Shift Towards Sustainable Packaging: The increasing demand for paper bubble wrap as an alternative to plastic packaging solutions is driving market growth. Manufacturers are leveraging unbleached kraft paper bubble wrap to protect fragile products while adhering to government regulations and sustainability initiatives. Continuous research and development efforts by leading manufacturers aim to enhance the functionality of paper bubble wrap for various packaging needs.
“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.
Who is Winning?
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.
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Global Paper Bubble Wrap Market by Category
By Kraft Paper Type:
- Bleached
- Unbleached
By Thickness:
- Less than 41 GSM
- 41 to 100 GSM
- Above 100 GSM
By End Use:
- Manufacturing and Warehousing
- Pharmaceutical
- Electronics & Electricals
- Automotive & Allied Industries
- Food & Beverages
- Cosmetics & Personal Care
- Others (Agriculture etc.)
- E-commerce
- Logistics and Transportation
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