The global cutter box films market is anticipated to witness a market value of US$ 12.2 billion in 2023 and is expected to harness a market value of US$ 19.8 billion by reflecting a CAGR of 4.96 % in the forecast period from 2023 to 2033. The market for Cutter box films market registered a CAGR of 3.8 % in the historical period 2018 to 2022.
The growing use of cutter box films for sealing food products in vessels to keep them fresh over an extended period is propelling the market growth during the forecast period. Increasing demand of the cutter box films since it offers excellent transparency and it is lightweight, inexpensive, an excellent barrier to oxygen, water, and carbon dioxide, and good flexibility. These features are making cutter box films the most prominent plastic films used in food service industry which is anticipated to drive the market growth. Furthermore, easy availability of extensive range of product as per the requirement of the consumer, rising consumption of single-serve food packages are also major factors expected to accelerate market growth in the forecast period.
On the other hand, low processing cost of the film, high product-to-package ratio, growing economy, and sustainability benefits and rising growth of the food service sector is expected to generating immense opportunities that will led to the growth of the cutterbox film market during the projected period. Moreover, the surging number of Cutterbox Films Market players across the regions is anticipated to propel market growth. Rising investments by prominent vendors in product capabilities and business expansion is also expected to drive the market growth.
Transparency of a package is often a favored packaging by most end users. If consumers are unable to see what is inside the package, they are less likely to purchase it. With the increasing demand for see-through packaging, particularly in the packaging of food products, it will lead to market expansion of cutterbox films during the projected timeframe.
Clearer packaging offers an eye pleasing look and thus improves the product's shelf visibility. Transparent packaging provides additional value to the consumer goods market, where product separation and quick identification is the focal point. These factors will contribute in increasing sales of cutterbox films.
Geographically, Asia-Pacific is expected to lead the cutterbox film market owing to the rapid expansion of food industries that demand a significant amount of cutterbox films for packaging and wrapping in the region. The food and pharmaceutical packaging sectors also drive the growth in the cutterbox films industry in this region. The growing Indian middle-class population and surging organized retailing in the country are expected to propel growth during the forecast period. Another factor that has provided considerable stimulus to the cutterbox films industry is the rapid growth of exports, which require superior packaging standards for the international market.
In Asia Pacific, China is the largest cutterbox Films market globally, with an estimated market share of 28.9% across the Asia-Pacific region in 2022. The sales for cutterbox films in the country has been increasing due to the rising need for convenience owing to hectic lifestyle of Chinese people and a diversified culture. Moreover, the growing number of health-conscious people in the region is also expected to drive market growth during the forecast period.
Likewise, the cutter box films market in Europe is expected to reflect fastest CAGR of 5.1% during the forecast period. The growth is attributed to rising use of cutterbox films for sealing food products in vessels to keep them fresh over an extended period of time. Furthermore, the market in North America region will expect to grow with CAGR of 4.5% due to the prevalence of various market players in the region.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 12.2 billion |
| Projected Market Value in 2033 | US$ 19.8 billion |
| Growth Rate (2023 to 2033) | 4.96% CAGR |
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Latest developments in technology, mergers, acquisitions, tie-ups and partnerships within the companies involved in manufacturing Cutter box films are expected to create lucrative opportunities for market growth during the forecast period.
In terms of growth, the cutterbox films market is projected to witness a prominent sales growth rate by 2031, owing to the increasing demand for ready-to-eat food packaging and e-commerce.
The cutterbox with plastic food wraps is an easy and sophisticated method to wrap food products, as many food packaging industries require long-lasting fresh food. The cutterbox with plastic cutter is of the perfect way by dispensing cling film easily and fast.
The PVC based films are soft, solid and it has excellent cling properties which are ideal for busy catering environment. A strong and transparent film is placed in a plastic blade box to ensure a perfect cut every time without wrinkle, curl, and snarls.
The cutting edge and extended front flap allow the box to maintain structural integrity. The cutterbox contains a long-lasting PE-based food wrap roll which is cost-effective. It is suitable for wrapping, storing, and covering all food products, including freezer and microwave.
The food service providers and catering services prefer cutter box films due to low processing and packaging costs. It is also convenient for hotels and restaurants to pack the food properly. Therefore, the growing popularity of readymade processed foods and takeaway food packaging increases the demand for cutterbox films.
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In the food products packaging, the see-through and transparent packaging creates a significant impact. Processed food products, meat, dairy, bakery products, fruits, and vegetables are the main products packed with the films.
The film warp easy cutter dispenser is a perfect solution for cutting stainless steel foil, cling film having concealed blade safely design is recessed to protect the fingers. The films preserve the food items barrier from extreme atmospheric conditions, moisture, oxygen, and water vapour.
The cutterbox films packaging is gaining importance due to its safety, easy-to-use, prevents food loss from contamination and dust. It retains the taste, quality, and nutritional values of the food products by extending the shelf life of the products. The food-grade films with cutterbox have several applications.
It is excellent for professional kitchens, catering services, food service providers, food takeaway suppliers, food malls, and eateries places. Due to its multifaceted benefits, such as being highly convenient, comfortable, and cost-effective, it is gaining high importance in the food packaging market.
The fast-growing food ordering trend at workplaces, offices, and homes and the demand for processed, ready-to-eat, food-on-the-go products are rising substantially. Moreover, due to the busy lifestyle, lack of time for cooking, the working professionals are ready to spend more money on packed food.
The rising disposable income and higher demand for convenient products have led to the increasing consumption of readymade freezers to microwave and ready-to-eat products. The cutterbox with the film is easy to carry, use, and convenient, requiring less time for packaging. It keeps the product incredibly fresh and retains the taste, flavour, and aroma intact until delivery. All these factors will propel the growth of cutterbox films.
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The vision towards a more sustainable and environment-friendly packaging solution with growing concern towards nature will create an ample opportunities for manufacturers. The bio-based cling films for sustainable food packaging are likely to generate growth opportunities.
The natural polymer-based cling films are available for food packaging consisting of protein-based edible films, films from cellulose, and their derivatives to increase the food products' shelf lives.
The protein-based edible films are used for versatile food products to reduce moisture loss, restrict oxygen absorption, and provide physical protection to food. Therefore, with the rising awareness towards sustainable packaging solutions, bio-based cling film with cutter is expected to dominate the market.
Key players such as
others are actively involved in cutterbox films market for different applications.
Key Asian players such as Nan Ya Plastics Corporation, Riken Technos Corporation, Cosmo Films Ltd., Henan Yinfeng Plastic Co. Ltd., and others are actively involved in cutterbox films market for different applications.
The manufacturers involved in manufacturing the cutterbox films market adopt various strategies such as expansion, sustainability and product launch to serve the increasing demand for the cutterbox films market.
The trend of readymade packaged food, fast-food restaurants, take-out shops, ready-to-eat food packages, meals-to-go, and food trucks is growing extensively in India. Due to the hectic lifestyle and rising disposable income of middle-class families, the preference towards food ordering is increasing remarkably.
The outdoor food eating and food ordering at workplaces and home are also grown tremendously. The consumer's inclination towards fast delivery of food products coupled with safety and retaining food quality has increased the cutterbox films market.
The rising awareness towards sustainable and environmentally friendly food packaging solutions has created ample growth for bio-based cling films. The Government and NGOs are promoting bio-degradable and recyclable food packaging products. All these factors will bolster the demand for the cutterbox films market.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Material Type 6.2. Thickness 6.3. End-Use 7. Global Market Analysis and Forecast, By Material Type 7.1. Polypropylene (PP) 7.2. Polyvinyl Chloride (PVC) 7.3. Polyethylene (PE) 7.3.1. Low-density polyethylene (LDPE) 7.3.2. High-density polyethylene (HDPE) 8. Global Market Analysis and Forecast, By Thickness 8.1. Below 30 microns 8.2. 31 to 60 microns 8.3. 61 to 90 microns 8.4. Above 91 microns 9. Global Market Analysis and Forecast, By End-Use 9.1. Catering Services 9.2. Restaurants and Hotels 9.3. Dairy, Bakery and Confectionary 9.4. Supermarkets 9.5. Grocery Stores 9.6. Others (Food Wrapping, etc.) 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. South Asia 10.5. East Asia 10.6. Oceania 10.7. Middle East & Africa 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Europe Sales Analysis and Forecast, by Key Segments and Countries 14. South Asia Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. Oceania Sales Analysis and Forecast, by Key Segments and Countries 17. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Material Type, Thickness, and End-Use for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Berry Global Inc 20.2. Anchor Packaging Inc 20.3. Ajover S.A.S. 20.4. The Griff Network 20.5. Kartal Ambalaj
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Cutterbox Films Market
