North America to Remain a Major Revenue Source for Bundling Films and Sheeting Market

  • 19 Apr 2019

Bundling films and sheeting solutions that are designed uniquely for transportation and shipping needs. Bundling film and sheeting provide with an extensive array of benefits in the packaging in terms of cost, less manual efforts, increasing global trade, dependency on packaged food, the rise in agriculture and pharmaceutical sectors and so on. Because bundling films and sheeting provide protection of goods by avoiding cuts, spills and tampering along with a cost-effective alternative to transporting packaging options like crates, boxes, etc., the global bundling films and sheeting market is expected to grow at substantial market size.
The use of environment-friendly bioplastic bundling films and sheets is to drive the global bundling films and sheets market in the near future. The emerging economies are creating tremendous market opportunities for they largely depend on bundling films for packaging of FMCG, agricultural goods, and manufacturing industrial equipment and machinery.
The global bundling films and sheeting market is estimated to surmount the single digit CAGR during the forecast period from 2019-2026 with an outstanding global market value.

Global Bundling Films & Sheeting Market, by Packaging Type 
•    Flexible Packaging 
•    Rigid Packaging
Flexible packaging segment is highly predominant as it provides a lightweight option to secure consumer goods, ability to imbibe custom branding facilities and specifically designed for an individual product intended for individual sale. Flexible packaging will continue to grow at a steady CAGR due to its widespread use in food, cosmetic, textile and pharmaceutical industry packaging and shipping. As flexible packing is made from low-density polyethene which can be recycled, market players with an emphasis on recycling of the flexible packing are expected to build better brand image and consumer acceptance by supporting the environmental cause. Rigid packaging is expensive as they are made from metal, paperboards and glass, however, they enable more protection being denser. At present rigid packaging is mainly prevalent in the shipping of electronic equipment and laboratory instruments.

Global Bundling Films & Sheeting Market, by Material
•    Polyethene
•    Polyvinylidene chloride
•    Polypropylene
•    Polyvinylchloride
•    Polyester
•    Polyamide 

 Global Bundling Films & Sheeting Market, by End-user
•    Pharmaceutical
•    Food & Beverage
•    FMCG
•    Personal Care
•    Electronics
•    Others

 Global Bundling Films & Sheeting Market, by Region 
•    Europe  
•    North America  
•    APAC  
•    Latin America
•    Rest of World
At present North America is holding the major market share in terms of market penetration and bundling films and sheets adoption for packaging. Due to a potential rise in the industrial sector and increased adoption of flexible packaging by the agricultural sector in the APAC region, it is estimated to grow rapidly taking over the dominance from developed regions in next few years.

 

Competitive Landscape:  
•    Tier 1 players- established companies in the market with a major market share  
•    Tier 2 players 
•    Emerging players which are growing rapidly 
•    New Entrants  
 

FutureWise Takeaways  
•    Growth prospects  
•    SWOT analysis 
•    Key trends 
•    Key data-points affecting market growth  
 

Objectives of the Study:
•    To provide with an exhaustive analysis on the global bundling films & sheeting on the basis of product, material, end-user and region   
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) 
•    To evaluate and forecast micro-markets and an overall market  
•    To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East 
•    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
•    Profiling of companies to evaluate their market shares, strategies, financials and core competencies

 

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