The bubble lined courier bag market value, which was USD 964.16 million in 2021, is expected to reach the value of USD 1,402.94 million by 2029, at a CAGR of 4.80% during the forecast period. “Low density Polyethylene (LDPE)” accounts for the largest product type segment in the bubble lined courier bag market owing to the growth and expansion of various end user verticals, especially in the world’s developing economies. The bubble lined courier bag market report also covers pricing analysis, patent analysis, and technological advancements in depth.
With the rising number of products introduced in the market on a daily basis, one has to follow a proper mechanism to transport the product from the manufacturer to the end-user. Packaging is the most important of all the other functions. One such packaging innovation is the bubble lined courier bag packaging solution. Major benefits of bubble lined courier bag include convenient, cost-efficient, lightweight, safer distribution, customizable and innovative properties.
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Some of the major players operating in the bubble lined courier bag market are:
- Ethyx Packaging Solution (India),
- Euphoria Packaging LLP. (India),
- SPP Poly Pack (India),
- PAC Worldwide Corporation. (U.S.),
- Pregis LLC. (U.S.),
- JIFFY PACKAGING (U.K.),
- iVEX Protective Packaging Inc. (U.S.),
- NEFAB GROUP (India),
- STOROPACK HANS REICHENECKER GMBH (Germany),
Growth in investment for research and development to carve way for innovations
The rising number of strategic market collaborations has led to the rise in funds to be allocated for the growth and development of advanced and automated packaging equipment/ machinery. Further, growth in the level of investment for research and development proficiencies would carve the way for innovations pertaining to such packaging solutions.
Increased consumption of food globally to induce greater demand and supply in emerging nations
It is well known that the global population is rising at an unprecedented rate. Consequently, there is a huge rise in food and beverage items demand and inclination of consumers towards online shopping. Rising trend of consuming ready-to-eat meals especially in the western economies, is leading to the rise in demand for convenient packaging solutions. Bubble lined courier bag are water-resistant which has further propelled the growth rate of the market.
Growth and expansion of end user verticals to present numerous opportunities for small scale businesses
Owing to the global economic rise, there is a huge scope of growth for the materials and packaging industry. Bubble lined courier bags are widely used for packaging of brittle products and due to its differentiating factors. The growth and expansion of various end user verticals such as food and beverages, healthcare, chemicals and others is directly proportional to the increasing demand for materials and packaging solutions.
Rising urbanization, modernization, and globalization drive market value growth. Surging development in the flexible packaging solution, growing technological advancements in the packaging equipment and technology to accommodate a diversified range of products, and increased e-commerce industry’s proliferation are other market growth determinants.Furthermore, advancements in manufacturing technology extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
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Post COVID-19 Impact on Bubble Lined Courier Bag Market
The recent outbreak of coronavirus has negatively impacted the market. Almost every sector has been grievously hit by the pandemic and affected the day-to-day work-related functions. As a result, the materials and packaging industry had to bear financial losses, therefore negatively impacting the market growth rate.
On the brighter side, the manufacturers are focusing on developing better products, keeping in mind the new market trends to fulfil consumer requirements in the post-pandemic phase. New technological advancements will further help to excel the availability of flexible lid stock packaging in the developing and emerging markets post pandemic.
Global Bubble Lined Courier Bag Market Scope
Product Type
- Polypropylene (PP)
- Polyethylene (PE)
- High density Polyethylene (HDPE)
- Low density Polyethylene (LDPE)
- Others
End User
- Consumer Goods
- Healthcare
- Cosmetic and Personal Care
- Food and Beverages
- Electrical and Electronics
- Others
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