The global demand for Bale Wrap Film Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
A bare wrap film is a stretchable film used to wrap hay bales and farm forages to preserve and store them. The film helps maintain the hay's nutritional content and thus provide the animals with high-quality feed all year round. The films are made of superior quality polyethylene resins for exceptional puncture resistance, cling, low oxygen, and water permeability to minimize silage spoilage. The film must have high load retention to maintain the shape during storage and transport of the bale. Multiple layer films made using the latest polymer technology, and with built-in UV stabilizers are available. For long-lasting performance under varying climatic conditions, the film should not be stretched beyond the specified limit.
Various innovative strategies put forth by the government and private corporations to improve the agricultural sector will play a vital role in the bale wrap film market's growth. The demand for increased milk production will increase these films' consumption for baling live feedstock for cows. The growing technological advancements to produce efficient, affordable bales wrap films to withstand harsh conditions will boost market growth. The emerging applications for these films in electrical & electronics, food & beverages, automotive and allied industries, building and construction sectors will create new opportunities for this market's growth. The main barrier faced by this market will be the stringent regulations against plastic use.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of bale wrap film.
The entire bale wrap film market has been sub-categorized into thickness, material and layer. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Up to 20 microns
- 21 to 25 microns
- Above 25 microns
- Low Density Polyethylene (LDPE)
- Linear Low Density Polyethylene (LLDPE)
- One Layer
- Three Layer
- Five Layer
- Seven Layer
This section covers regional segmentation which accentuates on current and future demand for bale wrap film market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Bale Wrap Film Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the bale wrap film market include Ab Rani Plast Oy, Navrang Polyfilms Pvt. Ltd., RPC Group Plc, Silostop, Specialty Polyfilms Pvt. Ltd., Canadian Hay & Silage Ltd., RKW Hyplast NV, Tama USA. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.