The box and carton overwrap films market is anticipated to reach US$ 17.1 billion by 2033, from an estimated US$ 12.2 billion in 2023. According to estimates, the market would grow at a 3.5% CAGR from 2023 to 2033.
Over the course of the forecast period, the Asia Pacific Excluding Japan region is anticipated to dominate the box and carton overwrap films market. Future Market Insights (FMI) predicts that the Chinese box and carton overwrap films market will reach US$ 3.7 billion by 2023.
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Over the forecast period, it is anticipated that the expansion of the global market for box and carton overwrap films will help the flexible plastic packaging industry as a whole.
Key Players Targeting High-growth End Use Industries to Maximize their Growth
Leading box and carton overwrap film manufacturers are dedicated to introducing new products and directing specific end-use industries. Companies in the box and carton overwrap films industry further invest in expanding their geographical footprint and manufacturing capabilities to enlarge their market share.
For instance, in April 2021, Berry Global Inc. announced the investment of US$ 70 million for new multilayer blown film lines at its North American facilities for consumer packaging solutions in food, beverage, and e-commerce applications.
In March 2021, Innovia Films introduced a new film, REF30cn, in its range of sustainable polypropylene (PP) packaging films, Encore. The new film can be utilized for both overwrap and flow-wrap applications.
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Market participants in the global box and carton overwrap films industry include
- Terichem A.S.
- CCL Industries, Inc.
- Jindal Poly films Ltd.
- Taghleef Industries LLC
- Cosmo Films Ltd.
- Uflex Ltd.
- Smurfit Kappa Group plc
- Futamura Group
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Box and Carton Overwrap Films Market by Category
By Material Type:
- PVC
- PE
- PP
- PET
- Other Material Types
By Film Type:
- Shrink Film
- Stretch Film
By Film Thickness:
- <20 Microns
- 20-40 Microns
- >40 Microns
By Coating Type:
- Coated Films
- Acrylic-coated
- PVDC-coated
- EVOH-coated
- Acrylic-PVDC Mix
- Uncoated Films
- BOPP
- BOPET
- CPP
- BOPA
- BOPLA
By End Use:
- Food
- Processed Food
- Fresh Produce
- Dairy Products
- Biscuit Overwraps
- Chocolate
- Other Bakery & Confectioneries
- Other Foods
- Beverage
- Personal Care & Cosmetics
- Makeup
- Cream & Lotion
- Perfume
- Other Personal Care & Cosmetics
- Automotive
- Healthcare
- Industrial Packaging
- Shipping & Logistics
- Electrical & Electronics
- Others
By Sales Channel:
- Brand Owner Sales
- Converter Sales
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Middle East and Africa
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