Innovations in agricultural equipment and supplies are playing vital role in the improvement of the farming industry. Bale wrapping film is one such innovative product used to wrapping bales with the help of wrapper machines. As compared to the conventional method of baling such as twine tying, bale wrapping films offer tighter packing which wraps and stores well. Bale wrapping film is becoming popular due to withstanding properties in critical environmental conditions.
Bale Wrapping Film Is Expected to Be an Efficient Alternative for Tying Twine or Straps
Bale wrapping film helps to reduce the bale expansion and makes uniformity of bale so it can store in less space. Twine or straps baling is not efficient than bale wrapping film in terms of increasing oxygen barrier and extent baling storage life. Machines or wrappers produced for wrapping films to bale are expected to upsurge the demand of bale wrapping film. Bale wrapping film maintains nutrition and prevents unwanted fermentation processes. Ability to sustain in bad weather is higher in the bale wrapping film as compared to traditional baling system. The adoption of bale wrapping film is expected to increase in the next ten years owing to new developments in bale wrapping film to withstand in critical conditions such as high UV radiation and agricultural chemicals.
Technological Innovations Are Expected to Promise Lucrative Market Growth for Bale Wrapping Film
Key agricultural machines and equipment manufacturers are actively publicizing bale wrappers which are expected to be beneficial in the growth of bale wrapping film market. Moreover, the new technological development to manufacture efficient and affordable bale wrapper is trending among the agricultural equipment key manufacturers. Material level innovation to improve bale wrapping film quality & capacity and minimizing the cost are expected to welcome new players in bale wrapping film market.
Geographical Analysis of Bale Wrapping Film Market
The bale wrapping film is highly popular in the developed countries owing to notable adoption of bale wrappers. Increased milk production in developed countries is estimated to raise the need for baling of grass. Europe and North America are prominent user of bale wrapping film and expected to register a fast-paced growth owing to increased automation in the agricultural sector. In North America bale wrapping film market, the United States is anticipated to be the largest consumer and manufacturer of bale wrapping films and machines. European countries such as Germany, France, Italy, and Poland are projected to be emerging marketplace for bale wrapping film. Developing market regions such as Latin America and Middle East & Africa are estimated to witness sluggish growth in 2019. The Asia Pacific is projected to see the rise in market share owing to new initiatives taken by the government to improve agricultural sectors. China and India are expected to represent lucrative market opportunities for key players of bale wrapping films from Europe and North America.
Global Bale Wrapping Film Market: Segmentation
Bale wrapping films are segmented by thickness, material, and number of layers.
On the basis of thickness, the global bale wrapping film has been segmented into:
- Up to 20 microns
- 21 to 25 microns
- Above 25 microns
On the basis of material, the global bale wrapping film has been segmented into:
- Low Density Polyethylene (LDPE)
- Linear Low Density Polyethylene (LLDPE)
On the basis of the layer, the global bale wrapping film has been segmented into:
- One Layer
- Three Layer
- Five Layer
- Seven Layer
Global Bale Wrapping Film Market: Key Players
Some of key players operating in global bale wrapping film market are as follows:
- Ab Rani Plast Oy
- Navrang Polyfilms Pvt. Ltd.
- RPC Group Plc
- Specialty Polyfilms Pvt. Ltd.
- Canadian Hay & Silage Ltd.
- RKW Hyplast NV
- Tama USA
Recent developments in bale wrapping film market are as follows:
- In March 2019, Braskem S.A. developed a new solution using Polyethylene-based resins for bale wrapping film
- In January 2018, Film & Film (F&F) launched a new five-layer bale wrapping film to boost all mechanical aspects
The bale wrapping film market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The bale wrapping film market report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on bale wrapping film market segments and geographies.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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