There are numerous factors which contribute to the growth of global stationery films packaging market. These include an increase in efforts by governments, to boost the tourism industries in their countries. Tourism accounts for a significant share of GDP in many countries. Emerging countries, such as India, have invested a fair share of money into enhancing their tourism industry. The Indian tourism industry, for instance, has emerged as one of the key drivers of growth among the services sector, which has led to the rise in number of hotels and luxury resorts, in the country. As a result, there is a rise in demand for stationery films which is required in menu covers.
Due to rise in the e-commerce industry, there is an increase in trade volume, because of which, maximum brand owners are focusing on innovative solutions, such as, barcode labels, for real time tracking of products and goods. This also plays a significant role in increasing the demand for stationery films. Since stationery films are actively used in barcode labels, the market of stationery films is expected to grow on the backdrop of barcode labels growth, supported by increase in penetration of e-commerce. Moreover, stationery films are often the best material which is used in stationery items such as CD sleeves, DVD case covers, folders, menu covers, and sheet protectors, among others. Despite the positive outlook, there are certain factors, which might hamper the growth of the global stationery films packaging market. One of the prominent restraints for the market is the rise in e-book culture. This might lead to a decline in preference for hard bound books, resulting in less demand for stationery films for books.
Global stationery films packaging market: Segmentation
The global Stationery Films packaging market has been segmented as follows –
On the basis of material, the global Stationery Films packaging market has been segmented as:
- Poly Vinyl Chloride
- Ethylene Vinyl Acetate (EVA)
On the basis of end use, the global stationery films packaging market has been segmented as:
- CD sleeves
- DVD Case covers
- Photo Albums
- Business Card Holders
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Global stationery films packaging market: Geographical Outlook
The global Stationery Films packaging market has been divided into seven regions as follows –
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan (APEJ)
- Middle East & Africa (MEA)
The North America stationery films market is anticipated to lead the global stationery films market, due to a largely organized market. North America and Western Europe have some of the largest markets for books in the world. This is expected to significantly contribute to the growth of the global stationery films market during the forecast period. The APEJ stationery films market is expected to register a significant CAGR in sales of stationery films, owing to a growing urban population and rise in disposable income.
Global stationery films packaging market: Key Players
Some of the players operating in the global Stationery Films packaging market are – Achilles USA, Inc., Caprihans India Ltd., R.O.P. Ltd, Renolit, and others.
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