In 2022, the market for fibre film is anticipated to be worth US$544.3 million. Sales of fibre film are expected to increase globally between 2022 and 2032, growing at a CAGR of 4.1% and reaching a value of US$ 813.5 million. Food and beverage, construction, chemicals & fertilizers, pharmaceuticals, and other industries all employ fibre film.
Food and beverage, building, chemicals and fertilisers, medicines, and other industries all use fibre film. Fibre films are anticipated to become more commonplace throughout the course of the projected period due to their ease of usage.
Global fibre film market: Introduction
The flexible film for packaging market consists of a diverse range of packaging films, with a wide range of applications and purposes. Fibre film is a type of stretch wrapping film which has several advantages over conventional stretch films. Fibre film is created to overcome some disadvantages of stretch film. Fibre film is an efficient and durable stretch film having intense lines of fibres extruded out of the film.
The fibres or reinforcement elements increases tear resistance. It simply means that the film is thinner as compared to stretch film and extruded fibres perform all heavy-industrial works. Fibre film not only combines exceptional puncture resistance, superior pallet stability and high elongation but it is also designed to reduce the amount of film used to wrap the pallet.
Fibre films are used for pallet wrapping of various load types and is suitable for hand wrapping as well as for fully automatic wrapping machines. Fibre film prevents tearing of films while winding, and provide significant cost reduction per pallet.
Fibre film finds applications in the food & beverages industry, construction industry, chemical & fertilizers industry, pharmaceuticals and others. Due to their convenience, fibre films are expected to enjoy rising preference over the forecast period.
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Global fibre film market: Dynamics
Use of stretch films has increased in the past couple of years. With that, cost of stretch films has also increased dramatically. Hence, it gives push to the development of film which reduces cost and provides better load stability. The global fibre film market is expected to grow over the forecast period as it reduces the amount of film used to wrap pallets.
A factor which might drive the global fibre film market is that it can be used manually as well as automatically. In addition, when it is used with machines, fibre film can be stretched up to 300% and provides excellent puncture resistance. Fibre film market is also growing on the backdrop of manufacturers’ cost saving tactics in manufacturing units. Packaging convertors use different technologies to enhance the productivity coupled with less film consumption.
This property has led to growth of the global fibre film market over the forecast period. Fibre film is effectively used in food industry, beverage industry, pharmaceutical industry and many other industries where suitable pallet load stabilization is needed in less amount of film usage. One of the key drivers which might boost the global fibre film market is online retailing.
Manufacturers operating in the global fibre film market are expected to rely on competitive pricing in order to gain competitive edge, which in turn is expected to increase competition among key players, and fuel growth of the global fibre film market.
Global fibre film market: Regional Outlook
Based on regions, the global track and trace labels market is divided into seven regions namely:
- North America
- Western Europe
- Asia-pacific except Japan
- Eastern Europe
- Latin America
- Middle-east and Africa
- Japan
APEJ is expected to drive the global fibre film market due to healthy growth in the manufacturing and industrial sectors in emerging economies such as China and India. North America and Western Europe are expected to foresee moderate growth over the forecast period due to established market in these regions.
Latin America and Eastern Europe regions are expected to witness less than average growth due to sluggish economic growth in the regions. Japan is anticipated to witness average growth over the forecast period due to a fully established market.
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Global fibre film market: Key Players
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Global fibre film market: Segmentation
On the basis of wrapping technology, the global fibre film market has been segmented as:
- Automatic
- Handheld
On the basis of thickness, the global fibre film market has been segmented as:
- Below 10 microns
- 10-50 microns
- 50 microns & above
On the basis of end use industry, the global fibre film market has been segmented as:
- Food & beverages
- Pharmaceuticals
- Chemical & fertilizers
- Home & personal care
- Others
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