This site uses cookies, including third-party cookies, that help us to provide and improve our services.

Privacy Policy
- Global Locations -
Headquarters
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, United States
T: +1-845-579-5705
MEA
Market Access DMCC
1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Americas
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
Europe
Future Market Insights
3rd Floor, 207 Regent Street,
London W1B 3HH
United Kingdom
T: + 44 (0) 20 8123 9659
D: +44 (0) 20 3287 4268
APAC
Future Market Insights
Office No. 401-A, 4th Floor,
VANTAGE 9, S.No. 36/1/1,
Baner, Pune 411045 India

Fiber Bale Packaging Film Market

Fiber Bale Packaging Film Market By Material Type (Polyethylene Terephthalate , Polypropylene, Polyethylene , High Density Polyethylene), Thickness (Up to 9 microns, 9 to 12 microns, Above 12 microns), End Use (Electrical & Electronics, Food & Beverages) & Region - Forecast 2022-2032

Market Insights on Fiber Bale Packaging Film covering sales outlook, demand forecast & up-to-date key trends

Fiber Bale Packaging Film Market Overview

The global fiber bale packaging film market is estimated to create an incremental opportunity of more than US$ 3.5 Bn by the end of 2032. The sales of fiber bale packaging films are expected to surpass US$ 2.8 Bn by 2022, accelerating at a CAGR of nearly 4% to 5% during the forecast period 2022-2032. Increasing adoption of innovative bales packaging solutions for convenient handling, storing, and transportation across diverse industries is projected to facilitate the demand for fiber bale packaging film in the global market.

Report Attribute

Details

Fiber Bale Packaging Film Market Base Year Value (2021)

US$ 2.75 Billion

Fiber Bale Packaging Film Market Expected Value (2022)

US$ 2.80 Billion

Fiber Bale Packaging Film Market Anticipated Value (2032)

US$ 3.5 Million

Fiber Bale Packaging Film Market Projected Growth Rate (2022-2032)

4% to 5% CAGR

Fiber bale packaging is a versatile type of bulk packaging technique that protects products during logistics from forklift grease, dirt in the factory, and numerous handlers. Once attached to the other products or pieces, each piece is transformed into a greatly enclosed and accommodated compact, durable fiber bale.

Fiber bale packaging films are films that are commonly made of high tensile strength and strong plastic materials such as polypropylene, polyethylene terephthalate, high-density polyethylene, polypropylene, and linear low-density polyethylene, among others. These films are extensively used as a packaging product for wrapping a large number of products in a single, compact package during fiber bale packaging process. Hence, with increasing emphasis on reducing the wastage of the products during logistics, shipping, and handling activities, the demand for efficient packaging solutions such as fiber bale packaging films is rising at a robust pace.

Which are Some Prominent Drivers Spearheading Fiber Bale Packaging Film Market Growth?

Over the past couple of years, a swift rise in import and export activities is being witnessed across the world, owing to the rapidly increasing trend of globalization, creating strong demand for bulk packaging products worldwide.

Fiber bale packaging is finding a wide range of usages across industries such as food & beverages, building & construction, electrical & electronics, and agriculture, owing to its ability to secure and protect bulk products during transit. This packaging technique can tailor a bale cover as per end-user requirements based on wrapping preference, staple fiber features, and bale presses, thus, gaining popularity across diverse industries.

As fiber bale packaging films are one of the most crucial packaging products required for above mentioned packaging technique, increasing adoption of fiber bale packaging is estimated to augment the demand in the global market.

Hence, leading players in the market are focusing on developing and introducing innovative fiber bale packaging film with sustainable properties and distinctive protective features to capitalize on the existing opportunities. This is projected to create a sustainable roadmap for the growth of the fiber bale packaging film market in the global packaging industry.

Customize this Report

Let us know your requirement to get
100% FREE customization

What are the Challenges Faced by the Fiber Bale Packaging Film Market?

Plastics such as polyethylene terephthalate (PET), high-density polyethylene, polypropylene (PP), polyethylene (PE), and others are negatively impacting the environment due to their non-biodegradability and release of chemicals during extremely slow decomposition process.

Thus, with growing concerns pertaining to environmental sustainability, governments of numerous countries are implementing several stringent norms and regulations regarding the use of plastics packaging products. This is hampering the growth in the global fiber bale packaging film market.

In addition to this, increasing introduction of eco-friendly high tensile jute fabrics for substituting plastics films in fiber bale packaging is expected to further hinder the sales in the market.

Why is North America Emerging as an Opportunistic Fiber Bale Packaging Film Market?

As per FMI, North America is forecast to emerge as the exhibit the fastest growth in the fiber bale packaging film market between 2022 and 2032.

Key companies in the market are focusing on research and development activities for launching novel sustainable and eco-friendly packaging products to counter the regulatory constraints and cater to surging demand.

For instance, in 2020, Cortec Corporation, a U.S.-based manufacturer of innovative packaging solutions announced introducing a novel compostable industrial-strength film, Eco Wrap, which can be used for bulk packaging of goods. A slew of such developments is estimated to augment the growth in the North America market.

How is Asia Pacific Excluding Japan Contributing to the Growth of the Fiber Bale Packaging Film Market?

Future Market Insights states that Asia Pacific excluding Japan is projected to account for a significant share in the global fiber bale packaging film over the forecast period 2022-2032.

Governments in several countries are emphasizing on expanding their agriculture and industrial production capacity to increase their exports for strengthening their footprint in the international market. For instance, according to a study by the Australian Trade and Investment Commission, the production of cotton in Australia increased to 2.4 million bales between 2020 and 2021, assisting the country to increase its cotton export to countries such as Bangladesh, Indonesia, Vietnam, and Turkey among others.

As fiber bale packaging films are extensively used for bulk packaging of products such as cotton for logistics and trade activities, such rise in export activities is estimated to bolster the sales in the market.

Market Competition

Some of the leading players in the global fiber bale packaging film market are Sonoco Products Company (Conitex), Lenzing Plastics GmbH & Co KG, Cortec Corporation, Stein Fibers, Ltd., ITW Signode India Limited, and others.

Leading players in the global market are aiming at launching sustainable products and capacity expansion to increasing their share in the highly competitive market.

Report Scope

Report Attribute

Details

Growth Rate

CAGR of 4% to 5% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Material Type
  • Thickness
  • End Use
  • Region

Countries Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East and Africa

Key Companies Profiled

  • Sonoco Products Company (Conitex)
  • Lenzing Plastics GmbH & Co KG
  • Cortec Corporation
  • Stein Fibers, Ltd.
  • ITW Signode India Limited

Customization

Available Upon Request

Key Segments Profiled in the Fiber Bale Packaging Film Market Survey

By Material Type:

  • Polyethylene Terephthalate (PET)
  • Polypropylene (PP)
  • Polyethylene (PE)
  • Low-Density Polyethylene (LDPE)
  • Linear Low Density Polyethylene (LLDPE)
  • High Density Polyethylene (HDPE)
  • Other Plastics

By Thickness:

  • Up to 9 microns
  • 9 to 12 microns
  • Above 12 microns

By End Use:

  • Electrical & Electronics
  • Food & Beverages
  • Automotive and Allied Industries
  • Building and Construction
  • Agriculture
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • Middle East and Africa

Frequently Asked Questions

FMI projects the sales of fiber bale packaging films in the market is expected to rise at 4% to 5% value CAGR by 2032.

The global fiber bale packaging film market is anticipated to be dominated by North America over the forecast period 2022-2032.

Sonoco Products Company (Conitex), Lenzing Plastics GmbH & Co KG, Cortec Corporation, Stein Fibers, Ltd., and ITW Signode India Limited among others some of the leading players in the global fiber bale packaging film market.

Table of Content

NA

Customize this Report

Let us know your requirement to get
100% FREE customization

List of Tables

NA

Ismail Sutaria
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst
List of Charts

NA

Need specific information?

Request Customization

Explore Packaging Insights

View Reports
Google translate

Fiber Bale Packaging Film Market