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.
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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.