Global Biodegradable Bubble Wrap Market: Overview
The packaging industry has struck the right chords in meeting the requirements of several flagship-product makers and OEMs. The diversity of demand across the manufacturing industry has led to the development of new types of packaging materials. Furthermore, the growth of the e-commerce industry has subjected several products to a mobile supply chain. The need to transport fragile products and devices necessitates the use of shock-resistant and durable packaging. Owing to the aforementioned factors, the demand for bubble wraps has witnessed an uptick in recent times.
The aforementioned dynamics only portray one side of the coin, and the global biodegradable bubble wrap market relates to several other factors. The growing outrage against use of nonbiodegradable packaging materials has played a key role in market growth. The adverse impact of plastic packaging on the immediate environment, coupled with recommendations from global organisations, has given a thrust to market growth. Several countries have imposed partial or complete ban on the use of nonbiodegradable materials. Finland and Denmark are amongst the top-ranked countries in terms of positive intervention for environmental change.
The global trends stated above have led Transparency Market Research (TMR) to draft a research report on the global biodegradable bubble wrap market. The importance of biodegradable bubble wraps, in light of the recent developments in sustainability, has been elucidated in the report.
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The global biodegradable bubble wrap market is segmented on the basis of the following parameters: type, end-use industry, and region. On the basis of end-use, the global biodegradable bubble wrap market can be segmented into pharmaceutical and biomedical industry, food and beverages industry, and home care picking & cosmetics industry.
Global Biodegradable Bubble Wrap Market: Notable Developments
Research-led diversifications in the market for biodegradables has led to multiple developments in the global biodegradable bubble wrap market:
- Market vendors such as Cortec Corporation, Carpenter Co., Polycell International, and Salazar Packaging are focusing on improving their marketing hacks. These vendors are collaborating with global event organisers for promoting the use of biodegradable products. This strategy shall increase the total revenues within the global biodegradable bubble wrap market.
- The invention of automated packaging systems has dawned an era of innovation across the packaging industry. Several market players have upped their bar of research to develop automated systems that can generate biodegradable packaging wraps.
Some of the key players in the global biodegradable bubble wraps market are Cold Chain Technology, Bayer AG, Carpenter Co., Buckeye Corrugated, Inc., BASF SE, Caraustar Industries, Inc, Cascades, Cellofoam North America Inc., Ecovative, and Foam Fabricators, Inc.
Global Biodegradable Bubble Wrap Market: Growth Drivers
- Green Approach for Biomedical Packaging
Biomedical waste management has come encapsulate disposal of packaging waste. This factor has played an obscure role in promoting the use of biodegradable bubble wraps. The biomedical packaging industry has undergone fundamental changes at the grassroot level.
- Increasing Social Responsibility of Key Industries
Some of the leading companies in the domain of pharmaceuticals, electronics, and medicine have focused on meeting their social and environmental responsibilities. This factor has also led these companies to use biodegradable bubble wraps.
Global Biodegradable Bubble Wrap Market: Regional Outlook
On the basis of geography, the global biodegradable bubble wrap market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The striking advancements in the packaging industry of Europe has given an impetus to regional market growth.
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- Market segments and sub-segments
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The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
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- Middle East and Africa (GCC, Southern Africa, and North Africa)
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A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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