Press release
Mylar Market Forecasts, Market Trends and Impact Analysis (2021 - 2031)
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Key Highlights:
The report covers 20 countries, providing segment analysis for each country in terms of value ($million) and volume (kilotons) during the forecast period 2021-2031, along with historical data and regulatory insights.
Over 3,700 product literatures, annual reports, industry releases, and other documents of major industry participants have been reviewed to gain a comprehensive understanding of the market dynamics.
Mylar Applications:
Mylar finds applications across various industries such as food & beverages, cosmetics & personal care, electrical & electronics, among others. In the food & beverage sector, Mylar bags are utilized for long-term preservation of dry commodities like grains, beans, and flour, as well as for storing coffee, almonds, cookies, chips, chocolate, and grains.
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Market Segmentation:
Application: In 2021, the bags and pouches segment accounted for nearly two-fifths of the global Mylar market share and is expected to dominate by 2031, with the fastest CAGR of 7.1% during the forecast period. The report also covers segments such as labels and laminates.
End-Use Industry: The food and beverage segment held more than half of the global Mylar market revenue in 2021 and is expected to continue dominating by 2031. However, the pharmaceuticals segment is projected to witness the fastest CAGR of 7.5% during the forecast period. Other segments analyzed include food & beverage and cosmetics & personal care.
Region: Asia-Pacific emerged as the leading region in 2021, generating over half of the global Mylar market revenue and is expected to maintain its dominance with the fastest CAGR of 7.2% during the forecast period. The report also covers regions such as LAMEA, Europe, and North America.
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Leading Market Players:
Key players in the global Mylar market include CS Hyde Company, Uline Company, FINE PACKAGE CO., LTD., Grafix Plastics, IMPAK CORPORATION, Jarrett Industries, BCW Diversified, Inc., Protective Packaging Corporation, RH Nuttall, and Tekra Corporation.
These players have implemented various strategies such as partnerships, expansions, collaborations, and joint ventures to strengthen their market presence and drive business performance.
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