Fiber Bale Packaging Film Market

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.

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.

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

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