Bundling Film Market is driven by the Expansion of the Packaging Industry
The global bundling film market is estimated to observe growth over the tenure of assessment due to growing popularity across in the packaging industry. In addition, rapid development of the packaging industry is estimated to add to the growth of the global bundling film market over the tenure of projection.
When one packs an item for sale or products for prepping it or sale for shipment, it is then bundling films offer an ideal solution for the said purpose. It is then products are sold in various units and bundling film packaging solutions offer a highly effective solution for the said purpose, which is why the global bundling film market is estimated to observe considerable growth over the assessment tenure. Bundling films can be seen wrapped around firewood parcels or packages of cans or others to keep items together.
Bundling films mainly find use in the packaging of multi-pack and heavier items. It is also applied utilizing machinery and then it is made to move through a heat tunnel, in which the film is shrunk to perfectly hold the product in place
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Ease of Use to Encourage Increased Adoption of Bundling Film Wraps
It happens quite often that both shrink wrap and bundling wrap are confused, however, there are major differences in both the type of packaging solutions. Bundling wrap is made to make the life of consumer convenient and easy, which is estimated to offer copious growth opportunities for the global bundling film market in the years to come. Bundling films are unique to each product and are generally packaged of sale of individual unit.
Advantages of bundling films include the following
Reduction the waste generated by packaging
Reduced cost of shipping Cost Reductions
Availability of a variety of wraps
One of the major factors that add to the growth of the global bundling film market is the availability of dispensers that offers the capability to regulate tension of the film tension during the process of application process.
Packaging has become a key constituent of modern life due to the ease of transportation, storage and inclination of the consumer towards a wide usage of bags. The demand for the rising of packaging products is due to its easy availability. One such product which is growing with pace is bundling film market, most of the bundling film bags are lay flat or gusseted in nature and are available in different sizes and can also be customized to meet customer precise needs. Customization of bundling film packaging in terms of space, capacity can improve the market globally in the forecast period.
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Bundling Film Market- Market Segmentation:
The global bundling film market can be segmented on the basis of material type, packaging type, by product type, end-use and by region. On the basis of material type bundling film market can be segmented into Polyethylene (PE), Polyvinylidenchloride (PVDC), Polypropylene (PP), `Polyvinylchloride (PVC), Polyester (PET), and Polyamide (PA). On the basis of packaging type bundling film market can be segmented into flexible packaging and semi-rigid packaging. On the basis of product type bundling film market can be segmented into bundling stretch film, hybrid bundling stretch film, extended core bundling stretch film, pre stretched bundling stretch film. On the basis of application, bundling film has been segmented into food, pharmaceuticals, personal care & cosmetic products, industrial goods, commercial goods, and others. On the basis of region, the global bundling film has been segmented into North America, Latin America, Europe, Asia Pacific (APAC) and Middle East & Africa (MEA).
Bundling Film Market – Market Dynamics:
Growth in demand for bundling film market is expected to grow strongly for several reasons. One of the major factors contributing towards the growth of bundling film market is the dispensers which offer the ability to control the film tension during the application process, and also it offer a brake that allows users to modify film tension. The lightweight stretch bundling film dispenser offers easy application for users which is another aspect towards the growth of the bundling film market. On the other hand, the restraining factor towards the growth of the bundling film market is higher initial cost of the plastic materials, dispensers and lack of awareness among consumer. The increasing demand for bundling film products from different industries like food & beverages, pharmaceuticals, chemical can also be a good opportunity for the bundling film market.
Bundling Film Market – Regional Outlook:
Geographically, the global bundling film market is segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and the Middle East & Africa (MEA). The global bundling film market is expected to witness a stable CAGR over the forecast period of 2016-2024. Moreover, North America is expected to be the largest bundling film market in terms of bundling film, due to the higher rate of exporting products and goods. Apart from this, the wide growth of the plastic bags is expected to boost further the sales of the bundling film market in Asia Pacific by the end of the forecast period of 2016-2024.
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Bundling Film Market – Major Players:
Some of the major players identified across the globe in the bundling film market are Berry Plastics, Amcor Limited, Mondi Group, Professional Packaging Systems, Inc., Global-Pak, Plastipak Group, Halsted, Intertape Polymer Group, J&HM Dickson, Jumbo Bag, Langston, LC Packaging, Jinxing Plastic Packaging Branch, Shanghai Lucky Hi-Tech Material International Trade Co., Ltd., Dongguan Yason Pack Co., Ltd., Tongcheng Soma Package Co., Ltd., Qingdao Bothwin International Trade Co., Ltd.
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