VCI Stretch Films Market: An Overview
Volatile corrosion inhibitors are a class of chemical compounds used for protecting the surface from corrosion without the use of other protective coatings. Polyethylene stretch films are impregnated with VCI formulations to form VCI stretch films. VCI stretch films are anti-corrosive films which help in keeping metal surface clean, rust and corrosion-free and at the same time, palletizes and unitizes metal items for maximum safety during storage and shipment. Irregularly shaped equipment can easily and effectively be wrapped with VCI stretch films. Manufacturers offer VCI stretch films in a variety of thicknesses which are compatible with manual as well as automatic stretch wrapping equipment.
VCI Stretch Films Market: Dynamics
The use of VCI stretch films is expected to increase, which can be attributed to healthy expansion of the packaging industry along and growing demand for efficient protective solutions against rust and corrosion during shipping and transportation. VCI stretch films find applications in other various end-use industries, such as electrical & electronics, chemicals, agriculture, aerospace and more where corrosion is a major challenge. VCI stretch films can be applied on ferrous and non-ferrous metals, including steel, iron, copper and more. Moreover, VCI stretch films aid in reducing labor costs as handling of bundled package is relatively easier. Also, protection against moisture during water borne transit can be assured by the use of these films. These characteristics make VCI stretch films a preferred alternative for shipping applications and are expected to witness escalated demand globally during the forecast period.
Also, use of VCI stretch films saves time and cost when compared to other wrapping methods. VCI stretch films can also be used for bulk loads, such as metal cages or bins, metal cabinets, heavy equipment and around steel coils. They are ideal for operations where various pallet configurations that make too many sizes of VCI bags difficult to stock. VCI stretch films are non-toxic, environmentally friendly and recyclable. These factors are expected to drive the demand for VCI stretch films during the forecast period.
VCI Stretch Films Market: Segmentation
Globally, the VCI stretch films market has been segmented by thickness, applications and end use industries.
On the basis of thickness, the global VCI stretch films market has been segmented as follows:
- 1 -5 mil
- 5-10 mil
- 10 mil and above
On the basis of applications, the global VCI stretch films market has been segmented as follows:
- Bags & Pouches
- Gusset Liners
- Others (Sheets etc.)
On the basis of end use industries, the global VCI stretch films market has been segmented as follows:
- Shipping & Logistics
- Electrical & Electronic components
- Military applications
- Others (Agriculture etc.)
VCI Stretch Films Market: Regional Outlook
Geographically, the global VCI stretch films market has been segmented into seven key regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excl. Japan (APEJ), Middle East and Africa (MEA) and Japan. North America is expected to dominate the global VCI stretch films market due to growing applications of VCI stretch films in automotive as well as shipping & logistics industries. Asia Pacific excl. Japan (APEJ) region is expected to exhibit lucrative growth opportunities for VCI stretch films market owing to the rapid growth being witnessed in the construction and electronics industry in the region. Countries such as China and India are expected to represent high incremental opportunity, which can be attributed to the rapidly growing infrastructure sector in the region.
VCI Stretch Films Market: Key Players
Some of the key players operating in the global VCI stretch films market are Armor Protective Packaging Inc., Penguin Plastics Inc., Presto Products Company, Patkar Extrusiontech (Pvt.) Ltd., Muller LCS Inc., Daubert Cromwell, Inc. Green Packaging Inc., KPR Adcor Inc., Northern Technologies International Corporation (NTIC) (Zerust Excor). Many other local and unorganized players are expected to enter and contribute to the growth of VCI stretch films market during the forecast period.
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
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- Latin America
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Below is a snapshot of these quadrants.
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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?
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