Bulb Packaging Market Overview
Packaging plays a crucial role when it comes to electronic good such as bulb, television, fan and other electronic item because of their safety purposes and being transferable from one place to another. Packaging of bulb is not only known for the product safety but also it contain product description such as Brand, Watt, Size, Price, Warranty and many other. It also provides information about power demand, energy class average life span and lumen intensity. It also rectifies the need of handling the product and also easy to create a supply chain. The prominent growth of bulb packaging market is primarily dependent on the installation volume related to lighting requirement.
Bulb packaging is done for the protection of light bulb against physical damages and the material which is preferred for packaging is either plastic or particle board. Furthermore, ecological and recyclable packaging techniques are preferred for the growth of the market.
Market Size and Forecast
Global Bulb Packaging market is predicted to reach the expectation with prominent figure by 2027 at the CAGR of 18.32%. The Base year is considered here is 2017 Bulb market report, and the forecast period is 2018-2027. The market of Bulb packaging, market system is projected to reach at a notable figure by the end of forecast period. The growth of the Bulb packaging market is driven by factor such as damage protection,
Further, global Bulb packaging market is segmented into packaging type, material, application and region. Further, packaging type segmented into CFL bulb, LED bulb, and many others. Likely, LED is expected to witness high demand from food and beverage industries during the forecast period.
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Regionally, global Bulb packaging market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, North America is dominating the global market of Bulb packaging and was accounted for the largest share of global Bulb packaging market in recent years. High consumption of LED & CFL bulb growing demand for a packaged products are some major factors which are envisioned to escalate the growth of Bulb packaging market in North America region.
Further, Europe is the second leading market of Bulb packaging and is anticipated to grow at a remarkable pace during the forecast period. Factors such as rising consumer’s preference for Bulb packaged products and growing Bulb recycling are likely to foster the growth of Europe Bulb packaging market during the forecast period.
In addition to this, massive population, growing disposable income of the consumers and urbanization are some of the major factors which are expected to fuel the demand for Bulb packaged products in Asia Pacific region during the forecast period.
Market Segments
Our-in depth analysis of the global bulb packaging market includes the following segments:
By Material Type
- Eco-friendly material
- Non ecofriendly material
By End Use Industry
- LED bulb packaging
- CFL bulb packaging
- Incandescent lamp packaging
By Sales Channel
- Offline
- Online
By Application
- Televisions
- Cruise Ship Lights
- Automotive
- Portable Electronics
- Advertisement
- Home Decor Lighting
By Region
Global Bulb Packing market is further classified on the basis of region as follows:
- North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Growth Drivers and Challenges
Mounting sale of Bulb Packing market across the globe given a commendable impression in the people’s mind and their buying behavior. It increases the demand of ecofriendly particle board among customers and innovates the best possible use of the biodegradable product which made the use of plastic by 50% less in future. Bulb packaging is potable, convenient, ecofriendly and sustainable for future market growth. Handling and packaging is the main factor defining the market growth of the ecofriendly customer. It also can be used as the alternative of plastic bags and polypropylenes. In near future demand for Bulb packing will rise and leave a blameless impression because of the growth in demand of lED and CFL bulb.
Furthermore, new generation prefer innovative product packaging which may leads to positively impact the packaging market in future whereas it also should contain product discrimination. Bulb packaging is a prodigious option offered in the market which is easy to use and dispose. In addition, this packaging has extraordinary performance skillset as compared to other packaging methods and is projected to drive market growth in future. Changing the viewpoint of people towards more ecofriendly packaging led the companies to focus on groundbreaking products, and hence Bulb packaging came into existence. All these reasons are anticipated to augment the Bulb market in future
In Asia Pacific expect Japan region is expected to boost the demand for lightning products. The lightning need is anticipated to grow 1.6x as from present need over the forecast period which will resultantly propel the bulb packaging market. The demand for the LED lamps is expected to increase over the forecast period due to its high efficiency which is positively influencing the light bulb packaging market.
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