Global Bundling Films Market, By Material (Polyethylene (PE), Polyvinylidenchloride (PVDC), Polypropylene (PP), `Polyvinylchloride (PVC), Polyester (PET), Polyamide (PA)), Packaging Type (Flexible Packaging, Semi-Rigid Packaging), Product Type (Bundling Stretch Film, Hybrid Bundling Stretch Film, Extended Core Bundling Stretch Film, Pre Stretched Bundling Stretch Film), Application (Food, Pharmaceuticals, Personal Care & Cosmetic Products, Industrial Goods, Commercial Goods, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Bundling Films Market
The bundling films market is expected to witness market growth at a rate of approximately 12% in the forecast period of 2021 to 2028, and will reach the value of USD 3,500 million by 2028. Data Bridge Market Research report on bundling films market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in packaging sector globally is escalating the growth of bundling films market.
Bundling films refer to the type of films that are used for wrapping multipacks for shipping and utilized to retain the products effectively. Bundling is considered a cost-effective alternative for bags, and boxes among others, and is beneficial in a wide range of application in the manufacturing sector. Sheeting is highly used to cover the external layer of packaged material for protecting the whole packaged material from external impacts such as cuts, edges and tampering during the process of shipping and transportation.
The rapid development of the packaging industry across the globe acts as one of the major factors driving the growth of bundling films market. The use of the bundling films for wrapping around firewood parcels or packages of cans or others to keep items together, and high use in the packaging of multi-pack and heavier items accelerate the market growth. The increase in adoption of these films as they offers additional protection of product from the external environment and prevent the damage of good, and rise in use for packing an item for sale further influence the market. Additionally, urbanization, growing retail sector, improved lifestyle and expansion of end use industries positively affect the bundling films market. Furthermore, development of fully automated manufacturing process with additional customizations extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, high cost associated with the bundling films is expected to obstruct the market growth. The concerns regarding recyclability and stringent regulations are projected to challenge the bundling films market in the forecast period of 2021-2028.
This bundling films market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on bundling films market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Bundling Films Market Scope and Market Size
The bundling films market is segmented on the basis of material, packaging type, product type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of material, the bundling films market is segmented into Polyethylene (PE), Polyvinylidenchloride (PVDC), Polypropylene (PP), `Polyvinylchloride (PVC), Polyester (PET), and Polyamide (PA).
- On the basis of packaging type, the bundling films market is segmented into flexible packaging, and semi-rigid packaging.
- On the basis of product type, the bundling films market is segmented into bundling stretch film, hybrid bundling stretch film, extended core bundling stretch film, and pre stretched bundling stretch film.
- On the basis of application, the bundling films market is segmented into food, pharmaceuticals, personal care & cosmetic products, industrial goods, commercial goods and others.
Bundling Films Market Country Level Analysis
The bundling films market is analysed and market size, volume information is provided by country, material, packaging type, product type and application as referenced above.
The countries covered in the bundling films market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the bundling films market due to the presence of large number of manufacturers within the region. North America is expected to witness fastest growth during the forecast period of 2021 to 2028 because of the high adoption among end-user segment in the region.
The country section of the bundling films market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bundling Films Market Share Analysis
The bundling films market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to bundling films market.
The major players covered in the bundling films market report are Berry Global Inc., Amcor, Mondi, Professional Packaging Systems, Inc., Plastipak Group, Halsted Bag, J&HM Dickson Ltd, Intertape Polymer Group, Jumbo Bags, LC Packaging, Langston University, Shanghai Lucky Hi-Tech Material International Trade Co., Ltd., Dongguan Yason Pack Co., Ltd., Tongcheng Soma Package Co., Ltd., and Qingdao Bothwin International Trade Co., Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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