Box Making Films Market Size, Share & Industry Analysis, By Type (Poly Vinyl Chloride (PVC) films, Polyethylene Films (PE) films, Polyethylene terephthalate (PET) films, Others), By End-use Industry (Food, Cosmetics, Consumer Goods, Others) And Regional Forecast, 2024-2032

Boxes are used as intermediate packaging. They not only prevent damage to the goods but also supports in gaining consumer trust. They are used to demonstrate critical data to customers helping awareness development, publicizing the brand. The box-making films are a roll of films that can be constructed into a rigid box structure. The stiffness and strength of the box can be achieved by performing heat-treatment or other similar processes to attach several layers of flexible films. As a result, box-making films play a vital role in attaining the aforementioned objectives. Furthermore, incorporating eco-friendly alternatives for manufacturing box packaging has presented lucrative opportunities for box-making film manufacturers to grow exponentially.

The box-making films are gaining traction in the market due to rising smoking in many developing countries. They are largely used in the packaging of cigarette boxes to prevent the cigarettes damages. Besides this, cigarettes are one of the most appealing products to young people; therefore, the growing cigarette consumption is positively impacting the box-making film demand. Furthermore, both consumers and manufacturers favor convenient packaging formats. As a result, manufacturers are focused on convenient packaging solutions. Box and carton films can also be used in beauty products and pharmaceutical packaging. Product safeguarding from moisture and other aspects is critical, set to spur demand for box-making films. On the other hand, consumers and packaging manufacturers are working to increase the use of paper in the production of boxes. This fact has hampered the demand for plastic box-making films.

Key Market Driver -

Increased application in tobacco packaging is expected to drive the market.

Key Market Restraint -

Availability of paper substitutes is likely to restrict the market growth.

Market Segmentation:

Based on type, the market for box-making films is segmented into polyvinyl chloride (PVC) films, polyethylene (PE) films, polyethylene terephthalate (PET) films, and others. Based on the end-use industry, the market is segmented into food, cosmetics, consumer goods, and others. From a geographical standpoint, the market is categorized to North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global & regional players operating in the box-making films market include, Aalmir Plastic Industries, Smurfit Kappa, Plastic Film Corporation, Uflex Ltd., Multi Speciality Extrusions Pvt. Ltd., CCL Industries Inc., Avi Vinyls Pvt. Ltd, Caprihans India Limited, Toray Plastics (America), Inc., Polyplex Corporation Ltd.

Key Insights

• New Advancements in Production Technologies


• Key Trends in the box making films market


• New Product Launches, Expansions, Key Players


• Ranking of Key Players in the Market

Regional Analysis:

The Asia Pacific region dominates the market. The region produces roughly half of the world's plastic, with China producing more than one-fourth of all global plastic material. The increased production and consumption of PET material in China and India has resulted in market expansion. PET having a recyclable nature, is even more commonly used as box-making film, which has compelled the packaging industries to use such materials in the region. The government regulations regarding plastics combat in the U.S. and Canada have increased the inclination toward manufacturing of bioplastics to meet the requirement for biodegradable and reusable packaging solutions for box-making films, thereby propelling the market growth. Europe is a big manufacturer of thermoplastic materials such as PVC, PP, PET, and PE. These plastics are essential components in the production of box-making films. Thus, the region leads in exports of box-making films to emerging countries in the Asia Pacific, Latin America, and Africa. Latin America's demand for packaging has expanded while packaging material manufacturing has dropped significantly, resulting in a high level of imports of plastic box-making films in the region. The Middle East and Africa are comparatively stable markets for box-making films owing to a slower growth rate of box-packaging demand.

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Segmentation

Box Making Films Industry Developments

• March 2021 Smurfit Kappa, a corrugated packaging company based in Ireland, has introduced an ethylene vinyl alcohol film for its range of Bag-in-Box solution. It happened to be a 60-micron film, which was customised to lower the amount of plastic used by the company when producing bags.