Box and Carton Overwrap Films Market Size, Share, Trends, Growth and Forecast 2032

Box and Carton Overwrap Films Market Insights

According to the report published by Zion Market Research, the global Box and Carton Overwrap Films Market size was valued at USD 13.10 Billion in 2023 and is predicted to reach USD 19.46 Billion by the end of 2032. The market is expected to grow with a CAGR of 4.5% during the forecast period. The report analyzes the global Box and Carton Overwrap Films Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Box and Carton Overwrap Films industry.

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Global Box and Carton Overwrap Films Market: Overview

Being a kind of barrier film, box and carton overwrap films are packaging solutions used for wrapping numerous products including meat & poultry, home & personal care, cosmetic, bakery & confectionery, and electronic products. Recent innovations in the area have been seeking to offer improved shipping experience along with an aesthetic appearance.

Using clear overwrap films such as Biaxially Oriented Polypropylene (BOPP) films ensures tamper evidence along with maximum protection, revealing to the customer that the package has not been touched or opened. These films are apt at providing optimal barrier to moisture, aroma, mineral oil, and gases in products. Being glossy and presentative, these films can significantly improve the visual appeal of the products. Several manufacturers have been offering anti-static, coated, and uncoated variants to suit the needs of the particular industrial application.

Global Box and Carton Overwrap Films Market: Growth Factors

The ability of these packaging films to offer high flavor and moisture barrier, enhancing the shelf-life of products, has been creating a higher demand for them of late. With the growing emphasis on sustainable solutions, the global box and carton overwrap films market share is set to benefit from the introduction of bio-plastics that exhibit high biodegradability and recyclability. Thus, the replacement of conventional films with eco-friendly alternatives has been spurring the expansion opportunities across the global scenario.

The development of state-of-the-art machinery and technologies in the area of packaging has been fueling the global box and carton overwrap films market size. These new machines can deliver a high number of packaged products in lesser time, scaling up production rate. The need to exhibit compatibility with contemporary printing techniques has led to several manufacturers of box and carton overwrap films offering an array of efficient options. These films can play a vital part in the marketing and promotional strategies adopted by the leading brands.

Since these films are being leveraged across multiple industry verticals including automotive, food & beverage, cosmetics, logistics, and consumer electronics, the escalating demand for these products can be construed as higher demand across box and carton overwrap films market outlook. The rising demand for meat & processed meat products and poultry, alongside the surging population density has been another factor facilitating market expansion.

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Global Box and Carton Overwrap Films Market: Segmentation

The global box and carton overwrap films market has been differentiated by film type, by material type, by coating type, by film thickness, by sales channel, by end-use, and by region.

Based on film type, the market can be segregated into stretch films and shrink films.

The market, in terms of material type, has been categorized into PE, PET, PVC, PP, amongst others.

Based on coating type, the market can be divided into uncoated films and coated films. Uncoated segment has been further classified into BOPET, BOPA, BOPP, BOPLA, and CPP. Coated has been sub-segmented as PVDC coated, acrylic-PVDC coated, and EVOH coated films.

The global box and carton overwrap films market, based on film thickness, can be classified as up to 20 microns, 20-40 microns, and above 40 microns.

By sales channel, the market has been bifurcated into converter sales and brand owner sales. Personal care & cosmetics,

food, beverage, shipping & logistics, industrial packaging, automotive, electrical & electronics, healthcare, and others are some leading segments of the global box and carton overwrap films market in terms of end-use.

Box and Carton Overwrap Films Market: Report Scope

Global Box and Carton Overwrap Films Market: Regional Analysis

North America has been demonstrating consistent demand for films with a lower carbon footprint in the recent times, generating more revenue across the global box and carton overwrap films market forecast. The presence of a stringent regulatory framework pertaining to the adoption of environment-friendly packaging techniques and films has been boosting the global box and carton overwrap films market revenue.   

The box and carton overwrap market in Asia Pacific is likely to expand at a high CAGR through the upcoming times, accruing a significant portion of the total market share by 2026. With the increased acknowledgement of the significance of the ‘circular economy,’ the governments across the region have been seeking to move toward ecological equilibrium, due to which more eco-friendly films have been gaining traction in the past few years.  

Global Box and Carton Overwrap Films Market: Competitive Players

Some of the prominent names leading the global box and carton overwrap films market comprise of:

• Garware Polyester Limited
• CCL Industries.
• Smurfit Kappa
• Irplast S.p.A.
• Jindal
• Cosmo Films Ltd.
• UFlex Limited.
• INDEVCO Group
• Treofan Group.
• Berry Global Inc.
• SIBUR
• Futamura Group
• TAGHLEEF INDUSTRIES GROUP
• Transcendia.

The Global Box and Carton Overwrap Films Market is segmented as follows:
    
By film type 

• stretch films 
• shrink films 

By material type 

• PE
• PET
• PVC
• PP
• amongst others 

By coating type 

• uncoated films 
• coated films 

By film thickness 

• up to 20 microns 
• 20-40 microns
• above 40 microns

By sales channel 

• converter sales
• brand owner sales 

By end-use 

• Personal care & cosmetics 
• food, 
• beverage 
• shipping & logistics
• industrial packaging
• automotive 
• electrical & electronics
• healthcare 
• and others

Global Box and Carton Overwrap Films Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.