Fibre Film Market

Fibre Film Market Snapshot (2023 to 2033)

The global fibre film market is slated to reach a valuation of USD 566.62 million in 2023. Through 2033, the market is estimated to stretch at 4.1% CAGR, to eventually stand at USD 846.85 million by 2033.

Key Takeaways from the Fibre Film Market Research

• Top Asian countries like India and China are observing a stellar market growth rate.
• Demand for customized packaging solutions is expected to rejuvenate the demand growth of fibre films.
• Use of recyclable packaging solutions is expected to be the norm in the next decade.
• Food and beverage to be titled as the top-performing segment in the estimated period.

Opportunities Entering the Picture

• Legislative Changes on Packaging: Europe and Canada are undergoing legislative changes on packaging. Global producers are contemplating switching to renewable alternatives to support circularity and capitalize on emerging opportunities. Also, the change in legislation is likely to prevent the use of packaging that might not be recycled throughout the retail channels.
• Improving Demand for Flexible Packaging: End users are persistently searching for the next superior packaging product. As a result, manufacturers are expected to ramp up their production of fibre films due to the high demand for revolutionary packaging.

Data Points	Key Statistics
Fibre Film Market Expected Value (2023)	USD 566.62 million
Fibre Film Market Forecast Value (2033)	USD 846.85 million
Fibre Film Market Projected Growth Rate (2023 to 2033)	4.1% CAGR

Factors Consolidating the Market Growth

Businesses Enjoy the Best of Both Worlds: Environments and businesses hail fibre film as a ‘game changer’ in the packaging industry. This material can offer an elevated level of pallet stability, but it is required about 70% less. Thus, not only reducing the environmental impact but also lowering the annual cost-per-pallet. Fibre films offer a safer pallet and require fewer rotations of the films, thus saving plastic, time, and, eventually, cost.

Surging Demand for Sustainably-evolved Packaging: New-age food and beverage’s key players are seeking sustainable packaging material that is in line with the eco-conscious concerns of businesses and customers alike. Consequently, driving demand for packaging material like fibre film helps reduce waste, decrease carbon footprint, and help corporates ensure social responsibility.

User-friendly Application of Fibre Films: Fibre films are used in pallet wrapping of multiple load types and are apt for hand wrapping and fully automatic wrapping machines. Due to its user-friendly deployment for manual use, it is finding increasing applications in end-user industries. The use of fibre films adds more value to top-functioning stretch wrappers.

Ideal Characteristics of Fibre Films that Fuel its Market Adoption: Key characteristics of the fibre films like outstanding pallet stabilization, brilliant load retention, distinct ergonomic design, 100% recyclability, and tear resistance are all consolidating its adoption in end-use industries where demand for wrapping material is robustly increasing.

Manufacturers Offering Customized Packaging Solutions: Manufacturers are offering attractive services like completely custom and made-to-order for different end-use industries. Companies are tailoring their fibre film solutions to ensure there is something for everyone.

Competitive Strategies Employed by Key Players: Key merchants in the market are establishing effective joint ventures, collaborations, and acquisitions to widen their circle of consumers. These strategies are likely to enhance their target base by effectively meeting their requirements both domestically and globally.

Trends Impacting the Global State of Affairs

Surging Adoption of Fibre Films Packaging Solutions: Forward-thinking producers in developed countries are showing high acceptance toward novel and recyclable fibre-based packaging solutions with a massive success rate.

Increasing Demand for Eco-friendly Fibre Films: Pulp and molded fibre products are emerging as green and sustainable alternatives to generally used plastics. Also, ongoing research and development to discover new and effective green packaging solutions is expected to further the market growth.

Historic (2018 to 2022) Vs Forecast (2023 to 2033) Fibre Film Market Outlook

The global demand for fibre film is expected to surge at a CAGR of 4.1% from 2023 to 2033, reaching a total of USD 846.85 million by 2033. Between 2018 to 2022, sales registered a CAGR of 3.4%.

In the historical period, demand for fibre films has a stable increase in the end-use industries like pharmaceuticals, food and beverage, home and personal care, chemical and fertilizers, etc. In the estimated time frame, the market is expected to be pulled forward by factors like:

• Increasing demand for flexible food packaging films.
• Surging efforts by leading manufacturers to make the packaging more sustainable.
• Ongoing research and development to develop innovative fibre film packaging solutions.
• Mounting innovations in the market that intensifies rivalry and attracts more customers.

Country-wise Insights

The United States to Hold Prominent Market Share of Fibre Films

The United States market occupies a large slice of the global market. Factors spearheading the regional market include:

• Wide-scale presence of numerous manufacturing companies of consumer goods like Grupo Bimbo in Canada and Mexico is fueling the adoption of fibre films.
• Rampant demand for secondary packaging for personal care products, beverages, and household products.
• Extending retail sales and propelling the use of fibre films across several end-use industries.

Market Growth Outlook by Key Countries

Country	Value CAGR
USA	3.2%
Germany	4.5%
UK	2.8%
Japan	5.5%
China	4.9%
India	5.9%

High Demand for Fibre Films in India to Pull up the Global Growth Rate

India accounts for significant sales of fibre films due to thriving food and beverage sectors. Other factors that are contributing to market growth in India include:

• Surging demand for packaged food products to stimulate sales of flexible packaging material like fibre films.
• Manufacturers are making operational changes in their units to bring about packaging efficiencies.
• Manufacturers are also crossing geographical boundaries to extend their product’s access to different locations.
• By increasing the volume production of fibre films, top players are strategizing to make fibre films cost-effective for potential customers.

Manufacturers Becoming Cognizant of Emerging Opportunities in Australia

Australia is considered a top investment option by prevailing manufacturers of fibre films. Factors fueling the expansion of the fibre films industry include:

• Increasing demand for wrapping solutions from end-use industries for packaging purposes.
• Rising eco-conscious population seeking packaging solutions that have less or no environmental impact.
• Elevating demand for fibre film material in the food and beverage sector to provide excellent food quality preservation.

Japan Occupies Noticeable Value Share

Japan’s market for fibre film currently holds a notable share of the global market. Variables that are positively affecting the market growth include:

• Consumer preferences in Japan are shifting toward packaging solutions that promote sustainability.
• Ongoing packaging innovation in the country to meet the evolving material expectations of numerous industries.
• Increasing film manufacturing in the country to keep up with the surging packaging demands.

Category-wise Insights

Fibre Film Sales Surging Across Food & Beverages Industries

The food and beverage industry recorded a sizeable purchase of fibre films in 2022. Surging demand for packaged goods like frozen meals, bakery items, RTE meals, and snack foods has contributed toward the use of fibre films in the food and beverage sector. Other uses of fibre films in the food and beverage industry include:

• Wide use of fibre films to pack canned foods.
• Heightened demand for frozen and fresh food items like fruits, meat, and vegetables
• Escalating demand for fibre films in the transportation and storage of beverages in bulk quantities.
• Surging consumption of food and drinks due to new product launches, increasing global population, and retail network development.

Elevating Demand for Fibre Films in the Home and Personal Care Sector

The booming home and personal care sector is catalyzing demand for fibre films for multiple purposes. Discussed below are the top factors that are proliferating the intake of fibre films:

• High concerns over hygiene, especially post the pandemic have given rise to packaging materials that ensure excellent protection from external factors.
• Ongoing innovations in the format of packaging to drive consumer convenience and high adoption of the final product.
• Consumers are demonstrating proclivity toward recyclable fibre film solutions to ensure their part in driving a circular economy.
• Product material innovation, like green packaging, by leading manufacturers to propel sector growth.

Automatic Wrapping Technology to Dominate the Wrapping Technology Category

Demand for automatic wrapping technology is expected to have a stronghold through 2033. Several advantages of utilizing automatic wrapping technology are expected to keep the sales of automatic wrapping technology at the forefront. These benefits include protection against grime, damage, humidity, and dust. By using an automatic wrapper as a safety precaution, the operator stays at the forklift.

About the Key Players

The fibre films industry is proliferated with firms like Cnano, Canatu, NanoIntegris, Megaplast, Reddipak, TOYOBO, Wisepower, Nanocyl, Sequana, and Biax-Fibrefilm. Manufacturers are constantly seeking new opportunities to develop innovative packaging materials for existing and potential customers. For example,

In September 2022, Toyobo declared it has created a new biaxially oriented polypropylene film known as ECOSYARTM VP001. The product is the first transparent vapor deposition film series that includes a polyolefin fibre material. The product is a high-barrier film, composed of a specialty heat-resistant BOPP film, delivering outstanding barrier properties against water vapor and oxygen.

Discover Key Offerings by the Leading Competitors

Company Name	Megaplast
Product Offering	Regular Fibre Film Series and ECO Fibre Film Series
In Detail	The product offering helps reduce the cost per pallet to about 40% while lowering the film utilized for packaging by 60%. Additionally, it is 100% recyclable and comprises high elasticity.

Company Name	Reddipak
Product Offering	Fibre Film Alpha series
In Detail	The product line is best suited for semi-automatic wrapping machines implanted with a brake tension system. These series have three categories like Fibre Film Alpha L (Light applications), Fibre Film Alpha GP (General Purpose), and Fibre Film Alpha HD (High Demanding)

Company Name	TOYOBO Co., Ltd.
Product Offering	ECOSYAR®
In Detail	ECOSYAR® is a see-through deposition film that does not include chlorine compound. It is excellent in barrier properties and is composed of polyester or nylon film with ceramics, having dual element vapor-deposition.

Report Scope of the Fibre Film Market

Attribute	Details
Anticipated Expansion Rate	CAGR of 4.1%
Market Value in 2023	USD 566.62 million
Market Value in 2033	USD 846.85 million
Base Year for Estimation	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in USD million and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Technology, Thickness, End Use Industry, Region
Regions Covered	North America; Western Europe; Asia Pacific; Eastern Europe; Latin America; Middle-east and Africa
Key Countries Profiled	The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Israel
Key Companies Profiled	Megaplast; Reddipak; Wisepower; Nanocyl; Cnano; Canatu; NanoIntegris; Sequana; TOYOB; Biax-Fibrefilm
Customization	Available Upon Request

Key Segments Profiled in the Global Fibre Film Market Survey

By Technology:

• Automatic Wrapping Fibre Films
• Handheld Fibre Films

By Thickness:

• Fibre Films below 10 Microns
• Fibre Films between 10-50 Microns
• Fibre Films 50 Microns & Above

By End-use Industry:

• Food & Beverages
• Pharmaceuticals
• Chemical & Fertilizers
• Home & Personal Care
• Other End-Use Industries

By Region:

• North America
• Europe
• Asia-Pacific Except for Japan
• Latin America
• The Middle East and Africa

Frequently Asked Questions

What is the Market Value in 2023?

In 2023, the fibre film market is valued at USD 566.62 million.

What will be the Market Growth Rate until 2033?

The market is likely to experience a 4.1% CAGR until 2033.

What is the Estimated Market Value in 2033?

The market is estimated to reach USD 846.85 million in 2033.

How was the Historical Performance of the Market?

The market registered a CAGR of 3.4% from 2018 to 2022.

Who are the Leading Market Players?

Megaplast, Reddipak, and, Wisepower are the leading market players.