Yes. This is mainly due to the resistivity to oscillatory (heat) energy transfer at the interfaces (surfaces of the changes of medium) - plastic and air.
Bubble wrap is made up of many small pockets of air. Air is a relatively poor conductor of heat, it mostly transfers heat via convection (movement of the heated air). The bubble wrap prevents the air...
Go to any Giant or Wegmans or any grocery store and go near the posters and you will find some there. Or you could also go to any craft store like Michales or A.C. Moore.