segments (2)

Summary

Global Bubble Wrap Packaging Market: Information by Product (High-Grade Bubble Wraps, General Grade Bubble Wraps, Temperature Controlled Bubble Wraps, Limited Grade Bubble Wraps and others), Application (E-commerce, Automotive and Allied Industries, Consumer Goods, Pharmaceutical, Food and Beverages, Personal Care and others) and Region - Forecast to 2025

Bubble Wrap Packaging Market Overview

The Global Bubble Wrap Packaging Market is expected to gain an unprecedented value of USD 12,299.2 Million by 2025, with 7.84% CAGR during the forecast period (2019–2025). Market Research Future (MRFR) in their report envelops segmentations and drivers for a better glimpse of the market in the coming years. Bubble wrap is a form of protective packaging that consists of a two-layer laminated polyethylene film with entrapped air inside, between the two layers in the form of a bubble.

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Key Competitors

The key players of global bubble wrap packaging market are Veritiv Corporation (US), Sealed Air Corporation (US), Jiffy Packaging Co. (UK), Pregis Corporation (US), Smurfit Kappa (Ireland), Barton Jones Packaging Ltd. (US), IVEX Protective Packaging Inc (US), and Automated Packaging System (US).

Competitive Analysis

Prominent players profiled in the bubble wrap packaging market are Sealed Air Corporation (US), Veritiv Corporation (US), Jiffy Packaging Co. (UK), Pregis Corporation (US), Smurfit Kappa (Ireland), IVEX Protective Packaging Inc (US), Barton Jones Packaging Ltd. (US), and Automated Packaging System (US). Mergers, acquisitions, and collaborations are some of the strategies that these companies have adopted to stay ahead of the rest.  

For instance, in May 2019, Sealed Air opened Singapore lab to provide thermal package design and testing to the region’s life sciences and food industries. This will enhance its primary food packaging, secondary product packaging, and its digital services portfolio and provide end-to-end temperature assurance solutions for product safety and consistency throughout the supply chain.

Similarly, in June 2018, Sealed Air Corporation signed an agreement with Kuraray America, Inc. (Kuraray), a Japanese chemical company to offer food packaging materials derived from its Plantic bio-based resins. This solution will enable the company to provide renewable packaging option and continue helping the industry address food waste by extending the shelf-life and freshness of food.

Segmental Analysis

The global bubble wrap packaging market is segmented based on product and application.

On the basis of product, the high-grade bubble wraps segment is expected to dominate the market as it consists of stronger bubbles that help in cushioning the products and provide high amount of security during transportation.

Based on application, the e-commerce segment is expected to dominate the global market, owing to the constantly growing automotive industry, as it ensures protection against damages and provides safe working conditions for handlers by adequately packaging all mechanical or automotive parts.

Regional Analysis

Geographic analysis of the global bubble wrap packaging market spans across North America, Europe, Asia-Pacific (APAC), South America, and the Middle East & Africa.

In 2018, Asia-Pacific was the leading market with a market valuation of USD 2,476.9 million. The regional market value is expected to reach USD 4,267.1 million by 2025, with an impressive 8.41% CAGR during the forecast period. Asia-Pacific is also the fastest-growing region in the global bubble wrap packaging market, with China, India, Japan, South Korea, and Australia being the major markets. The e-commerce sector is one of the most important sectors in the Asia-Pacific economy. According to Asian Development Bank (ADB), Asia is the fastest-growing region in the global e-commerce marketplace, accounting for the largest share of the world’s business-to-consumer e-commerce market. By the end of 2015, the size of e-commerce relative to gross domestic product was 4.5% in Asia-Pacific. The fast-growing e-commerce and automotive industry along with the rising per capita disposable income drives the demand for bubble wrap packaging market in the region.

In 2018, North America held the second-largest market share in the bubble wrap packaging market. According to the Netherlands-based Ecommerce Foundation, North America had the second-largest share of the B2C e-commerce market, with turnover at around USD 644 billion. The growing e-commerce and automotive industry along with the rising demand for consumer goods are anticipated to raise the demand for bubble wrap packaging in the region. In 2018, the regional market was valued at USD 2,093.3 million, which is expected to reach USD 3,425.8 million by 2025 with a 7.62% CAGR during the forecast period.

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Global tea infuser market is projected to grow at a CAGR of 4.5%. Due to the improvement of technologies various new products are launched by the manufacturers in order to retain its competitive edge in the overall market. Tea infuser is one of the modern accessory. It is a device in which loose tea leaves are placed for steeping or brewing, in a mug or a teapot full of hot water.

The global tea infuser market is estimated to register substantial growth during the forecast period. The market is driven by the high demand for convenience products. Due to the fast paced lifestyles, rising disposable income consumers are more inclined to adopt convenience products to make their life easy. The high consumer preference for convenience products has led to the huge availability of wide variety of tea infuser with additional properties such as unsinkable tea infuser and fancy shaped tea infusers to attract more consumers. Due to the increasing awareness of environment friendly product, consumers are more inclined to adopt BPA free tea infuser.

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Leading Key Players:

This report includes a study of strategies such as mergers and acquisitions, product launches by the major tea infuser market players. It further includes product portfolios, developments of leading major players which includes

  • Contigo (U.S.)
  • Fred & Friends (U.S.)
  • Luvly Tea (U.S.)
  • Live Infused (U.S.)
  • Teavana (U.S.)
  • Bar Brat (U.S.)
  • Norpro, Inc. (U.S.)

Key players in the global tea infuser market are emphasizing to enhance their investment in product development in order to extend the product line. Also, the companies are also inclined to increase their footprint across the world by acquiring local and regional players. Apart from that, the companies are introducing their products in the developing economies in order to penetrate in the untapped market.

Segmentation:

The global tea infuser market is segmented on the basis of product type, material type, distribution channel and region.

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Regional Outlook: 

The global tea infuser market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these, North America region is estimated to account maximum market proportion in the year of 2017 and it is estimated to retain its dominance throughout the forecast period. Technological advancement of the various accessories of beverages products is anticipated to be the key factor of the growth of tea infuser in the U.S. Also, the presence of key players in the North America region is considered to be the important reason of the growth of North America tea infuser market during the review period. Asia Pacific region is estimated to grow very fast as compare to the other region. India, China and ASEAN countries are the attractive destination of the tea infuser manufacturers during the forecast period.

This market research report further provides an insight on various levels of analysis such as industry analysis, market share analysis as well as leading market players and their profiles. This report also helps in studying target consumer segments by providing views on emerging and high-growth segments and market size. Together the market data comprise and discuss basic valuations on the competitive scenarios and strategies of the global tea infuser market including high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides views of historical market values as well as pricing and cost analysis of the same.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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