Packaging plays an indispensable role in
protection of products across various industries in the overall
shelving and supply chain processes. Electronic products, for example –
light bulbs, are delicate in nature and need specific packaging for
ensuring damage protection from shocks and stress. Bulb packaging
is not only known for protecting light bulbs against physical damages,
but also in providing information about products and manufacturing
companies to customers. Packaging of light bulbs offers information
including lumen intensity, power demand, efficiency class, energy class,
and average lifespan in hours.
Damage resistant packaging lowers
chances of damages to bulbs, improving fill rate of suppliers. When
lying on shelf, or during a transit, light bulbs are likely to lose
their functionality. This is making manufacturers to supply bulb
packaging which are sturdy, damage resistant, and have high-grade
qualities.
Growth of the global light bulb
packaging market is primarily attributed to installation capacity around
the globe pertaining to lighting requirements. Light bulbs installed
are needed to be changed post-completion of their lifespan, which is
driving demand for light bulb packaging globally. While incandescent
bulbs are witnessing a robust decline in adoption, CFL and LED light
bulbs hold major shares of the global bulb packaging market.
Global Market for Bulb Packaging: Market Dynamics
Rapid growth of urbanization and soaring
population, particularly across APEJ countries, are factors estimated
to propel demand for lighting products, thereby fostering growth of the
global bulb packaging market. Demand for LED bulbs is witnessing a rise
owing to its performance with high efficiency. LED bulbs will account
for half of the global demand for light bulbs during the forecast
period.
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This will further drive growth of the
market. Shifting consumer preferences towards e-retail has transformed
packaging to become more prominent than before. E-retail is estimated to
register an impressive growth in the near future, affecting the market
for light bulb packaging. This is further expected to drive demand for
light bulbs, and thereby its packaging globally.
Requirement for protection of light
bulbs against physical damages at the time of transit have paved
opportunities for innovation in light bulb packaging. Plastic is a
preferred material for light bulb packaging, owing to its high
insulation properties. However stringent rules imposed by regulatory
authorities on utilization of plastic is likely to inhibit growth of the
market. Increasing usage of eco-friendly materials for production of
folding cartons and paperboard offers more opportunities to growth of
the global bulb packaging market. Moreover, sustainable and reusable
packaging techniques are likely to further influence growth of the
market during the forecast period.
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