COVID-19 Impact on Bubble Wrap in the Chemical and Materials Industry
IMPACT OF COVID-19 ON PACKAGING
Due to the COVID-19 people are not buying the product which are unpacked or product which are in the unhygienic conditions due to which bubble wrap on the vegetable and fruits in the retail store have increase which help to lower the transmission of the dangerous virus from one person to another.
However, the price of plastic resin will fall due to the decrease in the price of crude-oil prices, which will impact the cost of oil-based raw material products.
IMPACT ON DIFFERENT END USER INDUSTRY HEALTHCARE INDUSTRY
Pandemic will not hamper the growth of packaging products in healthcare industry. Bubble wrap is widely used in the health care industry for the packaging of the medical equipment. With the effect of the COVID-19 demand will rise across the different healthcare-packaging types and related substrates which including closures, pumps, flexible blister foils and rigid plastics. Similarly, demand will rise for packaging which is used in the dietary supplements products such as vitamins and for essential supplies of medicines and products which consumers will needed during the lockdown situation.
FOOD AND BEVERAGE INDUSTRY