The eventual and continuously deepening penetration of the ecommerce industry in both developed and developing countries will keep the global buddle protective packaging market in good stead in the near future, according to a recent business intelligence study by Transparency Market Research (TMR). The report, titled “Bubble Protective Packaging Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024,” has projected the demand to increment at a notable CAGR until 2024, gaining traction not only from the prosperity of the ecommerce industry but also from the industries of automotive, pharmaceuticals, and consumer electronics. The report is a decision making tool developed by a group of professional research analysts, aspiring to serve its targeted audiences such as players of the packaging industry, end use industries, and investment banks.
The market for bubble protective packaging, which essentially is a two-layered polyethylene film that can entrap air inside in the form of a bubble to provide additional protection to the product that is being transported. In the emerging economies of India and China, which are two of the world’s most populous countries as well as fastest emerging ones, ecommerce has penetrated deep. Consumers are now even ordering electronic and other goods that they previously preferred to see in original before buying. The pharmaceutical industry is also expected to increment the demand their products are often sophisticated and need additional care during transportation.
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Based on material, the bubble protective packaging market can be segmented into polyethylene, kraft paper, aluminum foil, and others. Geographically, the report evaluates the potential of demand that can be expected from every important region and country such as North America, Asia Pacific, and Europe.
Tarheel Paper & Supply Company, Sealed Air Corporation, Pregis Corporation, Automated Packaging System, Veritiv Corporation, Jiffy Packaging Co., Barton Jones Packaging Ltd, iVEX Protective Packaging Inc., Future Packaging and Machinery (PTY) Ltd., and Abco Kovex Ltd are some of the notable players venturing into the global bubble protective packaging market.