Global Biodegradable Bubble Wrap Packaging Market Size By Material, By Application, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Biodegradable Bubble Wrap Packaging Market Size By Material, By Application, By Geographic Scope And Forecast
Biodegradable Bubble Wrap Packaging Market Size And Forecast
Biodegradable Bubble Wrap Packaging Market size was valued at USD 548.62 Million in 2023 and is projected to reach USD 691.02 Million by 2030, growing at a CAGR of 3.92% during the forecast period 2024-2030.
Global Biodegradable Bubble Wrap Packaging Market Drivers
The market drivers for the Biodegradable Bubble Wrap Packaging Market can be influenced by various factors. These may include
Environmental Awareness Businesses and customers are looking for eco-friendly packaging solutions as a result of growing concerns about sustainability and the environment. These worries are addressed with biodegradable bubble wrap, which provides a greener substitute for conventional plastic packaging.
Regulatory Pressures The adoption of biodegradable materials is being driven by government rules and policies that seek to reduce plastic waste and promote sustainable packaging practices. Single-use plastics are either prohibited or subject to limitations in many places, encouraging the adoption of biodegradable substitutes.
Customer Preferences Increasingly conscious consumers have a strong preference for environmentally sustainable items. The increasing number of consumers who base their purchasing decisions on a company’s environmental efforts is driving up demand for biodegradable packaging options.
Corporate Initiatives As part of their corporate social responsibility (CSR) plans, businesses are progressively incorporating sustainable practices. Businesses in a variety of sectors are converting to biodegradable bubble wrap in order to lower their carbon footprint and improve their reputation.
Technological Advancements Continuous research and development works are making biodegradable materials better in terms of quality, longevity, and affordability. Technological developments in manufacturing have made it possible to produce ecologically friendly and performance-standard-compliant biodegradable bubble wrap.
Requirements for the Supply Chain As the importance of sustainable supply chains continues to expand, a lot of businesses are looking for packaging materials that will both protect their products and support their environmental responsibilities. Bubble wrap that decomposes naturally meets these changing supply chain requirements.
Market Possibilities The need for packaging has increased due to the growing popularity of online retail and e-commerce. Packaging makers have a chance to serve this growing market sector with sustainable solutions by introducing biodegradable bubble wrap.
Global Biodegradable Bubble Wrap Packaging Market Restraints
Several factors can act as restraints or challenges for the Biodegradable Bubble Wrap Packaging Market. These may include
Cost considerations Compared to typical plastic solutions, biodegradable materials are frequently more expensive, which makes them less practical for some types of enterprises.
Performance RestrictionsBiodegradable materials may not be as resilient or protective as traditional bubble wrap, which may limit its applicability in some situations.
Low Education and Awareness Businesses’ and consumers’ ignorance of biodegradable alternatives may prevent them from being adopted, as there may be misunderstandings or a lack of understanding of their advantages.
Supply Chain Difficulties Scalability, consistency, and supply chain dependability issues may arise during the production and sourcing of biodegradable materials, which could impact their availability.
Regulatory Obstacles The market for biodegradable bubble wrap may face difficulties as a result of changing rules and standards pertaining to packaging materials, particularly if compliance calls for costly changes or modifications.
Opposition to Change Companies may exhibit resistance towards departing from well-known and established packaging materials, particularly when switching to biodegradable alternatives necessitates alterations to manufacturing procedures or extra financial outlays.
Facilities for Composting and Recycling Insufficient facilities for composting or recycling biodegradable materials may restrict their end-of-life management, so affecting their environmental advantages.
Global Biodegradable Bubble Wrap Packaging Market Segmentation Analysis
The Global Biodegradable Bubble Wrap Packaging Market is Segmented on the basis of Material, Application, and Geography.
Biodegradable Bubble Wrap Packaging Market, By Material
Plant-based This section contains bubble wrap composed of cellulose, tapioca starch, and cornstarch. These materials decompose rapidly in the environment and are compostable.
Bio-based polymers In this section, bubble wrap composed of bio-based polymers such as polylactic acid (PLA) and polyhydroxyalkanoates (PHA) is featured. These polymers can biodegrade under certain circumstances and are made from renewable resources like corn and sugar cane.
Biodegradable Bubble Wrap Packaging Market, By Application
E-commerce packaging Due to the rise of internet shopping, this is the market category with the biggest share. Fragile items are wrapped with biodegradable bubble wrap while being shipped.
Food and beverage packaging As consumers search for environmentally acceptable methods to package food and beverages, this market is expanding. You can use biodegradable bubble wrap to shield fruits, vegetables, and other fragile objects.
Pharmaceutical and medical packaging The requirement for sterile, tamper-proof packaging for medical products drives this market. One can utilize biodegradable bubble wrap to safeguard needles, vials, and additional equipment.
Biodegradable Bubble Wrap Packaging Market, By Geography
North America Market conditions and demand in the United States, Canada, and Mexico.
Europe Analysis of the Biodegradable Bubble Wrap Packaging Market in European countries.
Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
Middle East and Africa Examining market dynamics in the Middle East and African regions.
Latin America Covering market trends and developments in countries across Latin America.
Key Players
The major players in the Biodegradable Bubble Wrap Packaging Market are
Sealed Air Corporation
Pregis LLC
Storopack Hans Reichenecker GmbH
Ranpak Holdings Corp.
Sancell Pty Ltd
Ecovative Design LLC
FP International
Abco Kovex Ltd
Automated Packaging Systems Inc.
AirPouch Technologies Inc.
Report Scope
REPORT ATTRIBUTES
DETAILS
Study Period
2020-2030
Base Year
2023
Forecast Period
2024-2030
Historical Period
2020-2022
Unit
Value (USD Million)
Key Companies Profiled
Sealed Air Corporation, Pregis LLC, Storopack Hans Reichenecker GmbH, Ranpak Holdings Corp., Sancell Pty Ltd, Ecovative Design LLC, FP International, Abco Kovex Ltd, Automated Packaging Systems Inc., AirPouch Technologies Inc.
Segments Covered
By Material
By Application
By Geography
Customization scope
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