Newly released data from cutterbox films market analysis shows that global demand of the overall cutterbox films market is forecasted to expand at a value compound annual growth rate (CAGR) of 4.9% from 2021-2031 and reach ‘000 tones by 2031. In terms of growth, the cutterbox films market is projected to witness a prominent sales growth rate by 2031, owing to the increasing demand for ready-to-eat food packaging and e-commerce.
Cutterbox Films Market: Market Outlook
The cutterbox with plastic food wraps is an easy and sophisticated method to wrap food products, as many food packaging industries require long-lasting fresh food. The cutterbox with plastic cutter is of the perfect way by dispensing cling film easily and fast.
The PVC based films are soft, solid and it has excellent cling properties which are ideal for busy catering environment. A strong and transparent film is placed in a plastic blade box to ensure a perfect cut every time without wrinkle, curl, and snarls.
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The cutting edge and extended front flap allow the box to maintain structural integrity. The cutterbox contains a long-lasting PE-based food wrap roll which is cost-effective. It is suitable for wrapping, storing, and covering all food products, including freezer and microwave.
The food service providers and catering services prefer cutter box films due to low processing and packaging costs. It is also convenient for hotels and restaurants to pack the food properly. Therefore, the growing popularity of readymade processed foods and takeaway food packaging increases the demand for cutterbox films.
What Are the Key Market Drivers Impacting the Growth of Cutterbox Films Market?
In the food products packaging, the see-through and transparent packaging creates a significant impact. Processed food products, meat, dairy, bakery products, fruits, and vegetables are the main products packed with the films.
The film warp easy cutter dispenser is a perfect solution for cutting stainless steel foil, cling film having concealed blade safely design is recessed to protect the fingers. The films preserve the food items barrier from extreme atmospheric conditions, moisture, oxygen, and water vapour.
The cutterbox films packaging is gaining importance due to its safety, easy-to-use, prevents food loss from contamination and dust. It retains the taste, quality, and nutritional values of the food products by extending the shelf life of the products. The food-grade films with cutterbox have several applications.
It is excellent for professional kitchens, catering services, food service providers, food takeaway suppliers, food malls, and eateries places. Due to its multifaceted benefits, such as being highly convenient, comfortable, and cost-effective, it is gaining high importance in the food packaging market.
What is the Key Trend Increasing Sales of Cutterbox Films Market?
The fast-growing food ordering trend at workplaces, offices, and homes and the demand for processed, ready-to-eat, food-on-the-go products are rising substantially. Moreover, due to the busy lifestyle, lack of time for cooking, the working professionals are ready to spend more money on packed food.
The rising disposable income and higher demand for convenient products have led to the increasing consumption of readymade freezers to microwave and ready-to-eat products. The cutterbox with the film is easy to carry, use, and convenient, requiring less time for packaging. It keeps the product incredibly fresh and retains the taste, flavour, and aroma intact until delivery. All these factors will propel the growth of cutterbox films.
What are the Key Opportunities Shaping the Consumption of Cutterbox Films?
The vision towards a more sustainable and environment-friendly packaging solution with growing concern towards nature will create an ample opportunities for manufacturers. The bio-based cling films for sustainable food packaging are likely to generate growth opportunities. The natural polymer-based cling films are available for food packaging consisting of protein-based edible films, films from cellulose, and their derivatives to increase the food products’ shelf lives.
The protein-based edible films are used for versatile food products to reduce moisture loss, restrict oxygen absorption, and provide physical protection to food. Therefore, with the rising awareness towards sustainable packaging solutions, bio-based cling film with cutter is expected to dominate the market.
Competitive Landscape
Key players such as
- Berry Global Inc
- Anchor Packaging Inc
- Ajover S.A.S.
- The Griff Network
- Kartal Ambalaj
others are actively involved in cutterbox films market for different applications.
Key Asian players such as Nan Ya Plastics Corporation, Riken Technos Corporation, Cosmo Films Ltd., Henan Yinfeng Plastic Co. Ltd., and others are actively involved in cutterbox films market for different applications.
What Strategies are the Key Players Adopting for Increasing their Market Share in Cutterbox Films Market?
The manufacturers involved in manufacturing the cutterbox films market adopt various strategies such as expansion, sustainability and product launch to serve the increasing demand for the cutterbox films market.
- In June 2021, Berry Global Inc. announced more than $70 million investment to support growth in consumer packaging films, for food and beverage applications and e-commerce.
Why is India a Big Market for the Cutterbox Films Market?
The trend of readymade packaged food, fast-food restaurants, take-out shops, ready-to-eat food packages, meals-to-go, and food trucks is growing extensively in India. Due to the hectic lifestyle and rising disposable income of middle-class families, the preference towards food ordering is increasing remarkably.
The outdoor food eating and food ordering at workplaces and home are also grown tremendously. The consumer’s inclination towards fast delivery of food products coupled with safety and retaining food quality has increased the cutterbox films market.
The rising awareness towards sustainable and environmentally friendly food packaging solutions has created ample growth for bio-based cling films. The Government and NGOs are promoting bio-degradable and recyclable food packaging products. All these factors will bolster the demand for the cutterbox films market.
How has the COVID-19 pandemic impacted the Cutterbox Films Market?
The Covid-19 has adversely affected the packaging industry; however, the foodservice and packaging industry is not much affected by the Covid-19 impact. Due to social distancing, lockdowns and travel bans led to a rise in demand for packaged food products consumption as the consumers preferred buying food and consumer goods from home through online channels.
Due to a sudden increase in parcel and packaged food products order, the foodservice providers, catering services, and food suppliers have considered the cutterbox films the easiest, efficient, and economical food packaging solution.
It protects the food from getting infected. There is rising concern about the transmission of the virus through food packaging, impacting the demand for food packaging. Moreover, the consumers’ rising concern towards safety and quick service will boost the demand for the cutterbox films market during a pandemic.
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Key Segments of Cutterbox Films Market Covered in the Report
Based on Material Type:
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Polyethylene (PE)
- Low-density polyethylene (LDPE)
- High-density polyethylene (HDPE)
Based on Thickness:
- Below 30 microns
- 31 to 60 microns
- 61 to 90 microns
- Above 91 microns
Based on End-use:
- Catering Services
- Restaurants and Hotels
- Dairy, Bakery and Confectionary
- Supermarkets
- Grocery Stores
- Others (Food Wrapping, etc.)
Based on the Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa