The fibre film market is forecasted to exhibit a 4.1% CAGR through 2033. The industry’s size is predicted to increase from US$ 566.62 million in 2023 to US$ 846.85 million by 2033.
Fibre film is the holy grail of the flexible film industry. The unique construction of fibre films with polymer fibre technology allows it to deliver significant containment force while using less material.
In this revolutionary innovation, the fibres do all the heavy lifting while the film weighs around 50% of the GPSM of other films. It is a green and cost-effective way to wrap pallets and offers a practical solution to an age-old problem.
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Fibre films are undergoing significant advancements in the effective use of natural fibres and their composites in manufacturing food packaging materials. Moreover, companies working in the end user industries can offer up to 60% weight reductions and cut costs by up to 30%, while increasing the load stability, by using fibre films.
The latest eco-friendly fibre films are made for machine use with a stretching ratio of up to 320% and are applicable for heavy pallet loads. The film yields 50% fewer CO2 emissions than the market average and causes 50% less plastic waste. It is finding increasing deployment among green-minded consumers.
Fibre film is an ideal solution for pallet packaging. The distinct, patent-protected material enhances the overall stability during the packaging process. Also, the load is secured due to its high flexibility, and the package can be carefully transferred. Consequently, boosting its adoption in relevant end-use industries.
The fibre films find extensive deployment in the food and beverage industry as a barrier film. The role of barrier films includes protecting packaged food from spoilage provoked by exposure to oxygen, moisture, or other permeants.
Manufacturers are offering a multitude of performance options and barrier materials to develop packaging for snacks and confections, coffee, pet care, and more.
Crucial Highlights from the Fibre Film Market Analysis
- The surge of ready-to-eat, bakery items, snack foods, and frozen meals has propelled the food and beverage industry. This industry is expected to account for a significant market share in 2023.
- The automatic wrapping technology is anticipated to obtain a giant piece of the fibre film industry.
- Canada’s market is expected to witness heightened application of fibre films over the assessment period.
- India and China are expected to observe significant growth due to thriving end-use industries in the Asia Pacific.
- Australia is likely to emerge as a leading market for manufacturers of fibre film due to heightened investments in the home and personal care and food and beverages industries.
Unraveling the Latest Developments
- In March 2023, Canatu Oy, a carbon nanomaterial developer, enhanced its carbon nanotube (CNT) film manufacturing to cater to the surging demand for ADAS heater goods in the automobile industry. Canatu has enhanced its step-and-repeat (SAR) CNT film production portfolio by incorporating new reactor capacity and raising the level of automation. Thus, enhancing the production speed and overall output.
- In March 2023, Rexis Biotech Inc. officially declared the approval and release of its fused polymorph nanofibre technology. This breakthrough has extensive applications across multiple industries like consumer-packaged goods, prodrug pharmaceutical medications, and research projects.
- In September 2022, Toyobo announced that it is establishing a new polyester packaging film plant. This facility might entail an investment of US$ 72 million to help the company serve the global demand for sustainable polyester films.
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Key Players :
- Megaplast
- Reddipak
- Wisepower
- Nanocyl
- Cnano
- Canatu
- NanoIntegris
- Sequana
- TOYOB
- Biax-Fibrefilm
The report covers exhaust analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
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Market Segmentation:
On the basis of wrapping technology,
- Automatic
- Handheld
On the basis of thickness,
- Below 10 microns
- 10-50 microns
- 50 microns & above
On the basis of end use industry,
- Food & beverages
- Pharmaceuticals
- Chemical & fertilizers
- Home & personal care
- Others
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
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