Global Micro Flute Paper Market– Industry Trends and Forecast to 2029

Micro Flute Paper Market Analysis and Size

With the increase demand from the pharmaceuticals and food and beverages sector globally, there has been a significant rise in the adoption of micro flute papers. Manufacturers are currently concentrating on reducing thickness and increasing strength to let the micro flute papers find employment in heavyweight packaging industries, and the food and beverage industry is anticipated to remain a key end-user of micro flute paper and see an expansion of about 1.7x of its current market value over the next few years. Consequently, the market is projected to gain significant traction over the forecast period.

Global micro flute paper market was valued at USD 4.39 billion in 2021 and is expected to reach USD 6.34 billion by 2029, registering a CAGR of 4.70% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.

Micro Flute Paper Market Scope and Segmentation

Market Definition

Micro flute paper (also known as plastic wrap, food wrap, saran wrap, and stretch film) is a thin transparent plastic film that sticks to surfaces and to itself and is used to wrap food in containers. Micro flute papers are high-quality food wrap films that keep food fresh, protect it from insects and microbiological contamination, and reduce the risk of food waste by extending its shelf life.

Micro Flute Paper Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Demand Across Various Verticals for Packaging

Micro flute paper is heavily used in verticals including food and beverage, pharmaceuticals, personal care, and others to package, store, and ship a variety of food and non-food commodities. The use of fluted paper is a major factor driving the global market. The majority of its applications are for protective packaging. The use and characteristics of fluted paper are anticipated to lead to an increase in demand over the projected period.

• Numerous Benefits of Micro Flute Paper

The micro flute paper is comprises of recyclable, renewable materials and is environmentally beneficial. It also offers the products a cushioning effect as well as the dimensional accuracy. Moreover, the manufacturers of food and personal care products are increasingly requesting lightweight, recyclable paper-based packaging solutions, which will likely lower the overall cost of packaging and shipping and boost sales of micro flute paper.

Furthermore, the growing demand of the product to enhance the aesthetic appeal of the packaged product, easy availability of the product in various distribution channel such as hypermarket, retail store, supermarket and others,  will further propelled the growth rate of micro flute paper market.  The easy availability of the micro flute paper across various distribution channel such as hypermarket, retail store, supermarket and others will drive market value growth.

Opportunities

• Increased Inclination towards Sustainability

Leading packaging conglomerates that compete in the global micro flute paper market are constantly working to improve recycling efforts and lower excessive carbon footprints. One of the greatest substitutes for non-recyclable packaging is micro flute paper, which also aids packaging makers in achieving their sustainability goals further extend profitable opportunities to the market players in the forecast period of 2022 to 2029.

• Popularity of Digital Printing

Additionally, digital printing in the worldwide packaging business has already given brand owners a whole new range of opportunities to advance their marketing and branding initiatives. The appeal of micro flute paper among many end-users is being boosted by the availability of such a wide range of printing options in corrugated packaging, including micro flute paper packaging. The F and N-type micro flute papers have outstanding printing-quality surfaces and improve the presentation of packaged goods.

Restraints/Challenges

• Drawback of Micro Flute Paper

The corrugated paper is used to make porous micro flute paper and has a propensity to catch fire readily. Therefore, the low fire resistance is the major drawback. This could harm products that are being stored, and it will cost businesses a lot of money. This factor might restrict the use of micro flute paper to some extent.

• Availability of Substitutes

The factors such as availability of better substitutes and manufacturers' inclination to opt for traditional plastic-based packaging solutions will further prove to be a demerit for the micro flute paper market. Therefore, these factors will further challenge the micro flute paper market growth rate.

This micro flute paper market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the micro flute paper market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Micro Flute Paper Market

The recent outbreak of coronavirus had a significant influence on the micro flute paper market as it caused a blip in both supply shock and demand shock for the worldwide packaging business. The rapid proliferation of innovative COVID-19 throughout the continents had disrupted manufacturing sectors' supply and logistics chain management, especially the corrugated packaging sector. The micro flute paper industry had been significantly impacted by production halts brought on by a scarcity of raw materials, a lack of laborers and staff, a lack of demand creation from end use sectors, a slowdown in the economy, and a number of other causes. Between March 2020 and September 2021, this was the situation.

However, because some nations released lockdowns after careful planning, end-use industry demand for micro flute paper is again on track, which will support the market's growth beyond September 2021.

Global Micro Flute Paper Market Scope

The micro flute paper market is segmented on the basis of product, type, basic weight, material, and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• E Flute
• F Flute
• N Flute
• D Flute

 Type

• Corrugated Tray
• Corrugated Folding Carton
• Corrugated Pot
• Others

 Basic Weight

• Upto 100 GSM
• 100 TO 175 GSM
• 175 TO 250 GSM
• Above 250 GSM

 Material

• Virgin
• Recycled

 End-Use

• Food and Beverages
• Medical and Pharmaceuticals
• Personal Care
• Consumer Durable Electronics Goods (CDEG)
• Others

Micro Flute Paper Market Regional Analysis/Insights

The micro flute paper market is analyzed and market size insights and trends are provided by country, product, type, basic weight, material, and end-use as referenced above.

The countries covered in the micro flute paper market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the micro flute paper market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the product's rising usages as it offers corrosion resistance property and increases the product's shelf life within the region.

North America on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the favorable government policies as well as the rising applications of the product in food and beverages industry in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Micro Flute Paper Market Share Analysis

The micro flute paper market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to micro flute paper market.

Some of the major players operating in the micro flute paper market are

• DS Smith (U.K.)
• Smurfit Kappa (Ireland)
• MM Packaging GmbH (Austria)
• Robert Bosch GmbH (Germany)
• Stora Enso Oyj (Finland)
• WestRock Company. (U.S.)
• Novolex (U.S.)
• Acme Box Co. Inc. (U.S.)
• CASCADES SONOCO (U.S.)
• Braepac Packaging (U.K.)
• Netpak (Canada), KRPA Holding (Czechia)
• AlKifah Paper Products (Saudi Arabia)
• Huhtamaki Oyj (Finland)
• Berry Plastic Corporation (U.S.)
• Ball Corporation (U.S.)
• Genpak, LLC (U.S.)
• Union packaging (U.S.)
• Tetra Pak International S.A. (Switzerland)
• Coesia S.p.A. (Italy)

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