Air Bubble Sheet is used for packing fragile items that refer to a pliable transparent plastic material. The term employs generically for similar products, like blister pack, bubble packing, and Air Bubble sheeting. Protruding air-filled hemispheres (bubbles), regularly spaced provide cushioning for fragile items. Properly, Air Bubble Sheet and Bubble Wrap are still registered trademarks of Sealed Air. The bubbles provide cushioning for fragile and are available in several sizes because of the level of cushioning protection needed. A layer uses as a surface protective layer. Also, it could need multiple layers to supply shock and vibration isolation. Air Bubble Sheet additionally won't form some sort of mailing envelope.
Market Potential & Product Uses
The global bubble wrap packaging market price is estimated to be approx. USD 2.7 Bn in 2019. The bubble wrap packaging market is projected to grow at a CAGR of roughly 3% during the subsequent ten years. The high application potential of bubble wrap packaging in e-commerce, manufacturing & warehousing, and logistics & transportation is probably going to end in increased market share over the amount 2019-2029.
The major use of Air Bubble Sheets is in the packaging industry. They are used for packaging fragile materials like circuit boards, solar panels, glassware, etc.
Technical Outlook
The basic raw material required for making air bubble sheets is LDPE granules. Other than this, stabilizers, plasticizers, colour pigment, and some other additives are also used as raw materials during the manufacturing process.
Financial Outlook
The air bubble sheet manufacturing business requires an average amount of investment. With an average investment of Rs. 25 Lakh to Rs. 30 Lakhs, a good amount of revenue can be generated. The gross profit margin can vary from 15 to 20 percent. All such investment shall include the cost of Plant and machinery and equipment which is to be acquired for manufacturing setup. The Working capital investment of around Rs. 5 Lakh to Rs. 7 Lakh will be required to take care of running expenses. The manufacturing setup calls for space for inventory, workshop or manufacturing area, space for power supply utilities, and auxiliary like generator setup. Also, some of the areas of the building are required for office staff facilities, documentation, office furniture, etc. Thus, at the initial scale, the approximate total area required for a complete industrial setup is 2000 to 3000 Sqft. Manpower is also essential input in the business. The average number of staff can range between 8 to 10 people, including skilled and unskilled staff. The benefit of subsidy under the PMEGP Scheme can also be availed if the project cost is up to Rs. 50 Lakhs under the manufacturing sector.
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