The global palletisation films market is expected to grow at a compound annual growth rate of 3.78% to reach a market size of US$8.536 billion by 2024 from US$6.832 billion in 2018. Palletisation films are made up of polythene plastics which stretch tightly over the product and are used for packaging of the same. These films are highly elastic & flexible. It further keeps the product safe from outside elements such as moisture & air and increases the shelf life of the product. The rising demand for the palletization films by the packaging industry for the protection and distribution of the product is expected to be a key driver of the market. Further, increasing construction activities across the globe is also a factor anticipated to boost the market in the upcoming years. Furthermore, the rising trade coupled with rising logistics industry around the world is leading to rising shipment and storage of products across rivers which is further expected to augment the demand for palletization films market during the forecast period. The market has been segmented on the basis of material, thickness, end use, and geography. In the material segment, LLDPE is expected to hold a significant share in the market during the forecast owing to the high flexibility it offers than the other materials. In the end user segment, construction is expected to grow substantially on account of the rising construction activities across the globe. Geographically, North America is projected to hold a significant share in the market due to the rising use of stretch films in various industries in the region, whereas the Asia Pacific is anticipated to grow significantly owing to the growing packaging industry in developing countries like India and China.
Growing Packaging industry.
Budding e-commerce & logistics market.
Government rules and regulations regarding the use of plastic.
The major players profiled in the palletisation films market include U.S Packaging & Wrapping LLC, Stretch N Wrap International, Surmount Industries, Berry Global Inc., Cosmo Films Ltd., Amcor Ltd., Toray Plastics America Inc., Four Star Plastics, Vishakha Polyfab Pvt. Ltd. , and Plastopil Inc.
The palletisation films market has been analyzed through the following segments:
100 microns and above
By End Use
Food & Beverage
Middle East and Africa