Fibre Film Market Demand is Increasing Rapidly in Recent Years
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, drinks 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.
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Global fibre film market: Segmentation
Global fibre films market can be segmented as follows:
On the basis of wrapping technology, the global fibre film market has been segmented as:
On the basis of thickness, the global fibre film market has been segmented as:
Below 10 microns
50 microns & above
On the basis of end use industry, the global fibre film market has been segmented as:
Food & beverages
Chemical & fertilizers
Home & personal care
Global fibre film market: Regional Outlook
Based on regions, the global track and trace labels market is divided into seven regions namely:
Asia-pacific except Japan
Middle-east and Africa
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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.
Global fibre film market: Key Players
Few of the market players of global fibre film market players- Packaging Innovations, Megaplast Innovative Packaging Solutions, Topa Verpakking, Reddpak, and Antalis Ltd., among others.
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