Press release
LDPE and LLDPE Sealant Web Film Market Size, Competitive Landscape and Market Forecast - 2028
The LDPE & LLDPE sealant web films market is valued at US$ 53 Bn in 2022. The market is expected to advance at a sluggish CAGR of 4.1% from 2022-2028 to reach a value of US$ 67.5 Bn by 2028. LLDPE is expected to be a key contributor in the global LDPE and LLDPE sealant web films market revenue through 2028, with a value share of over 62%.The food sector is likely to drive high demand for LDPE and LLDPE sealant web films, accounting for almost 37% of the entire market share.Through 2028, demand is expected to rise mostly in developed regions such as North America, Western Europe, and Japan
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Packagers, in the food industry, are using LDPE and LLDPE film layers as the outermost layer on the pouch packaging, owing to high printability and high quality aesthetics offered by LDPE and LLDPE sealant web films. Demand for clear packaging is also driving the market for transparent or see-through LDPE or LLDPE sealant web films, predominantly in developed countries of North America, Western Europe and Japan.
Bio-Based Sealant Web Films Becoming an Important Slice of the Revenue Pie
FMI projects that regulations curbing the use of oil-based plastics to reduce carbon footprint and gradual shift towards sustainable and eco-friendly packaging in the form of bio-based sealant web films will restrict the adoption of LDPE and LLDPE sealant web films, in the coming years, impacting the overall growth scenario of the global LDPE and LLDPE sealant web films market.
Moreover, on account of depleting fossil fuel resources, the prices of petroleum are augmenting, leading to an increase in prices of conventional plastics, including LDPE and LLDPE sealant web films. Contrarily, the prices for bio-based plastics are expected to witness slight decline owing to increasing demand, production capacity, and legislative support. Such volatility is expected to hamper the global demand of LDPE and LLDPE sealant web films market. Increase in demand for bio-based sealant web films packaging in the F&B industry is attributable to companies switching to biodegradable packaging options especially for organic and premium food products.
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The transparent monolayer LDPE & LLDPE bags, used for weather protection, are likely to dominate LDPE and LLDPE sealant web films market, with significant consumption for B2B purposes. The market for flat pouch market will be majorly driven by the changing packaging landscape in the food industry.
The key players of the global LDPE & LLDPE Sealant Web Films market are
Berry Global,
Bemis Company Inc.,
Jindal Poly Films,
Mitsui Chemicals America, Inc.,
Dow-Dupont Inc.,
Winpak Ltd.,
Polifilm GmbH,
Avery Dennison and
DIC Corporation
Key Segments Covered
By Material Type
LDPE
LLDPE
By Thickness
Up to 45 Micron
45 to 60 Micron
Above 60 Micron
By Product Type
Flat Pouches
Standup Pouches
Bags & Others
By End-Use Industry
Food
Baby food
Pet food
Sauces & gravies
Bakery & Confectionary
Snacks
Dairy
Ready-to-eat
Other foods
Beverage
Personal Care & Cosmetics
Pharmaceuticals
Home Care Products
Electrical & Electronics
Textile
Others
By Region
North America
U.S.
Canada
Latin America
Brazil
Mexico
Rest of Latin America
Western Europe
Germany
France
U.K.
Spain
Italy
Benelux
Nordic
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
APEJ
China
India
Australia & New Zealand
ASEAN
Rest of APAC
Japan
MEA
GCC Countries
Turkey
South Africa
North Africa
Rest of MEA
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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