Global Box and Carton Overwrap Films Market – Overview
Films are used as a key packaging format in the flexible packaging industry. The growth of the flexible packaging films is propelling due to consumer preference towards flexible packaging solutions as compared to their counterparts such as rigid packaging solutions. Box and carton overwrap films are used for wrapping of boxes and cartons. These films provide barrier to the external environment and prevent the content from moisture, air etc. Box and carton overwrap films are widely used in several industries such as food, beverages, tobacco packaging, automotive, healthcare & pharmaceuticals, electrical & electronics among others. These films are overwrapped on the cartons and boxes for better product presentation.
Global Box and Carton Overwrap Films Market – Dynamics
The global market for box and carton overwrap films market is expected to grow during the forecast period. The key advantage of overwrapping is product presentation along with this, it also maintains content freshness and enhances contents shelf life. The process of overwrapping consumes low energy and low material costs. Coupled with its flexibility and versatility it makes overwrapping an attractive application for a wide range of industries such as food, beverages, automotive, electrical & electronics etc. Tobacco products are packaged with the overwraps for better and attractive product presentation, moreover to prevent products from moisture, air etc. These are some of factors that are propelling the demand for box and carton overwrap films market and is expected to expand during the forecast period on the backdrop of the boxes and cartons market.
Despite the positive outlook, there are some factors which might hamper the growth of the box and carton overwrap films market. The box and carton overwrap films are made of plastic material such as polyethylene, polypropylene, polyethylene terephthalate etc. which creates environmental pollution after use and creates landfill problem.
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Global Box and Carton Overwrap Films Market – Segmentation
The global market for box and carton overwrap films is segmented into film type, material type and end use industries.
On the basis of film type, box and carton overwrap films market is segmented into: Shrink films, Stretch Films
Box and carton overwrap films manufacturers characterizes box and carton overwrap films as per requirement of the end use as shrink films and stretch films. Stretch films are stretched and overwrapped on the boxes and cartons. Shrink films are overwrapped and sealed with heat sealing.
On the basis of material type, box and carton overwrap films market is segmented into: Poly Vinyl Chloride (PVC), Polyethylene (PE), Polypropylene (PP), Polyethylene Terephthalate (PET), Poly Amide (PA), Others
On the basis of end use industry, box and carton overwrap films market is segmented into: Food & beverages, Healthcare & Pharmaceuticals, Industrial Packaging, Shipping & logistics, Electrical & electronics, Consumer goods, Building & construction, Others
Box and carton overwrap films are mostly used in the shipping & logistics industry and industrial packaging.
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Global Box and Carton Overwrap Films Market – Regional Outlook
Geographically, the global market for box and carton overwrap films is divided into seven key regions as: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Middle East & Africa and Japan. Europe region is expected to hold major market share for box and carton overwrap films market followed by the North America market. APEJ region is expected to have the maximum market share due to the presence of local and Chinese players.
Global Box and Carton Overwrap Films Market – Key Players
Some of the players operating in the global box and carton overwrap films market are as following: Films Americas LLC, Treofan Group, Innovia Films Limited, SIBUR International GmbH, NPF Polyfilms Pvt. Ltd., Aalmir Plastic Industries etc. Many more local and regional players are expected to contribute the global market for box and carton overwrap films.
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