![]() ![]() The entry of government in establishing Public-Private Partnerships (PPPs) to strengthen the automobile and electronics industries is positively influencing market growth in this region. Also, rapid urbanization, increased government revenues which is resulting in increased spending over infrastructure, and rising disposable income are some other growth contributors to the regional market. The growth is attributed to rising penetration of the internet and booming growth in the e-commerce industry along with increasing purchasing power of people, mainly in China and India. Region-wise, Asia-Pacific is expected to command the market by accumulating over 40% market share by end of the projection period. This rising trend of aging population requires more medical assistance, which generates high demand for pharmaceuticals, thereby fuelling the demand for insulated bubble wraps in the pharmaceutical sector. Also, the proportion of people between 65 and 80 years of age is estimated to rise to 28% by 2030 as compared to 22% in 2000. The global population is projected to increase by 1.25% per annum until 2030. This factor will boost the product sales in the coming years. Pharmaceutical products like vaccines, blood, and temperature-sensitive drugs, are generally transported in insulated bubble wraps for the secure transportation of the product. The global pharmaceutical industry is on a growth path due to the increasing prevalence of chronic diseases and the growing aging population in countries like Japan and China. On the other hand, increasing demand for pharmaceutical products across the globe is another prominent factor augmenting demand for insulated bubble wraps. ![]() Bulk chemicals which come in solid, liquid, and gaseous forms, require proper handling which is fulfilled by utilizing bubble wraps. The hazardous nature of chemical that can easily catch fire also require thermal insulated packaging which can assure the safe transit of the product. Thermal insulated bubble wraps are also being employed in several industries. The wide use of these wraps in foods & beverages, cosmetic, pharmaceuticals, and electronics is fuelling product demand. Insulated bubble wrap packaging helps in preventing damage to products from fluctuating temperature & pressure and from physical forces. ![]() Advancements in technology and rapid innovations in packaging are likely to offer numerous growth opportunities for the market expansion in the forthcoming period. In addition, growth in online shopping along with the easy availability of biodegradable bubble wrap are also anticipated to push the growth ahead during the assessment period. Also, rising disposable income among individuals and growing demand for variety of products and the availability of different kinds of goods are further expected to fuel the demand for thermal insulated bubble wraps. Increasing demand of insulated bubble wraps in packaging industries and in electrical and electronic items will propel growth in the market during the forecast period. The thermally insulated bubble wrap market is anticipated to grow owing to the high demand for bubble wraps for the packaging of delicate items. The thermal insulated bubble wrap market registered a growth of 4% CAGR in the historical period 2018 to 2022. The global thermal insulated bubble wrap market is expected to register a market value of US$ 11.2 billion in 2023 and is projected to accumulate a valuation of US$ 18.7 billion by exhibiting a CAGR of 5.2% in the forecast period 2023 to 2033. Thermal Insulated Bubble Wrap Market Snapshot 2023 to 2033 ![]()
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