Bundling Film And Sheeting Market Overview:
Global bundling film and sheeting market size and share is currently valued at USD 14.80 billion in 2023 and is anticipated to generate an estimated revenue of USD 23.31 billion By 2032 , according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 5.2% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032
Key Market Drivers:
- Expansion of Packaging Industry: Rising need for cost-effective and efficient packaging solutions.
- Growth of E-commerce: Increased use in protective and flexible packaging for online deliveries.
- Focus on Sustainability: Demand for recyclable and biodegradable bundling films.
- Industrial Growth: High usage in shipping, logistics, and manufacturing sectors.
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Key Companies in Bundling Film And Sheeting Market:
- Amcor PLC
- Berry Global Group, Inc.
- Sabic
- Toray industries Inc.
- Sealed air corporation
- Oben holding group
- Dupont teijin films
- Jindal poly films
- Ufelx
- Toyobo co. LTD
Bundling Film and Sheeting Market Research Scope
The bundling film and sheeting market research focuses on applications in packaging, logistics, and industrial sectors. It evaluates the demand for materials like polyethylene and biodegradable films, driven by sustainability and cost-efficiency trends. The study examines regional market dynamics in North America, Europe, and Asia-Pacific, influenced by e-commerce growth and industrial expansion. Competitive insights cover major manufacturers, technological advancements, and product innovations in recyclable and high-strength films. The research also explores regulatory impacts, market challenges, and emerging opportunities in sectors like food packaging and transportation.
Bundling Film And Sheeting Market Segmentation:
The bundling film and sheeting market is segmented by material type, application, and region. Material types include polyethylene, polypropylene, biodegradable films, and others. Applications are categorized into packaging, logistics, construction, and industrial sectors. Regional segmentation spans North America, Europe, Asia-Pacific, and Rest of the World, driven by e-commerce growth and sustainable packaging trends. Further segmentation by thickness and functionality addresses specific requirements like durability and recyclability. This segmentation provides a detailed understanding of industry needs and regional preferences, enabling targeted strategies for product development and market penetration.
Bundling Films and Sheeting Market, Packaging Type Outlook (Revenue – USD Billion, 2019-2032)
- Flexible Packaging
- Rigid Packaging
Bundling Films and Sheeting Market, Material Outlook (Revenue – USD Billion, 2019-2032)
- Polyethylene
- Polyvinylidene chloride
- Polypropylene
- Polyvinyl chloride
- Polyester
- polyamide
Bundling Films and Sheeting Market, End-Use Outlook (Revenue – USD Billion, 2019-2032)
- Pharmaceuticals
- Food and beverages
- FMCG
- Electronics
- Personal care
- Others
Bundling Film And Sheeting Industry Developments:
In January 2021, INDEVCO Plastics launched an eco-friendly shrink bundling film designed for multi-packs, featuring a circular plastic film made with 50% post-consumer recycled (PCR) resin. This recyclable film can be disposed of at U.S. drop-off locations, promoting sustainability. Developed in partnership with Dow, a member of the Alliance to End Plastic Waste, the film caters specifically to food and beverage manufacturers packaging multi-unit bundles. Dow’s PCR resin, introduced in October 2020 for North American shrink applications, incorporates 70% certified PCR, sourced locally within the U.S., further supporting environmentally responsible packaging solutions.
The Bundling Film And Sheeting market report offers an in-depth analysis of market dynamics, including trends, sizes, patterns, and growth factors. It highlights critical developments and emerging trends to help stakeholders refine their strategies and strengthen market positioning. The report concludes with a detailed summary of key findings and the research methodologies employed. This comprehensive analysis serves as a valuable resource for businesses, investors, and stakeholders, enabling them to make informed decisions and drive sustainable growth.