In 2022, the box and carton overwrap film market size was estimated to be worth USD 11.74 billion. It is expected to expand at a compound annual growth rate (CAGR) of 3.8% from 2023 to 2030, when it is expected to reach USD 15.82 billion.
This sector includes the manufacturing and application of films made especially for packing boxes and cartons. Because these films provide tamper-evident packaging, improve product visibility, and offer protection, there is likely to be a constant increase in demand for them.
With the increasing emphasis on product safety and quality, the adoption of box and carton overwrap films has become crucial for various industries, including food and beverage, pharmaceuticals, and consumer goods. These films offer excellent barrier properties, preventing moisture, dust, and other contaminants from affecting the packaged products.
Furthermore, the rising e-commerce sector and the subsequent surge in online shopping have significantly contributed to the demand for box and carton overwrap films. As more products are being shipped and delivered, the need for secure and visually appealing packaging has become paramount.
In terms of geographical analysis, North America currently holds a significant share in the box and carton overwrap film market. This can be attributed to the region's well-established packaging industry and the presence of major market players. However, Asia Pacific is expected to witness substantial growth during the forecast period, driven by the rapid expansion of various end-use industries and the increasing disposable income of consumers.
To capitalize on the growing market opportunities, key players in the box and carton overwrap film industry are focusing on product innovation and strategic collaborations. They are investing in research and development activities to introduce advanced films that offer enhanced functionality and sustainability.
In conclusion, the box and carton overwrap film market is poised for steady growth in the coming years.
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KEY MARKET SEGMENTATION
By Material
· PP
· PVC
· PET
· PE
· Others
ByFilm Type
· Strech Film
· Shrink Film
By Film Thickness
· Less Than 20 microns
· 20-40 microns
· More Than 40 microns
By Coating Type
· Coated Films
· Uncoated Films
By Sales Channel
· Converter Sales
· Brand Owner Sales
By End Use
· Food
· Beverage
· Automotive
· Shipping Logistics
· Healthcare
· Personal Care Cosmetics
· Industrial Packaging
· Electrical Electronics
· Others
Key Players
Some major key playersin the Box And Carton Overwrap Film market areInnovia Films, Berry Global Inc, Cosmo Films Ltd, Uflex Ltd, CCL Industries Inc, Garware Polyester Limited, Smurfit Kappa Group plc, Jindal Poly Films Ltd, Futamura Group, Terichem ASand other players.
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