Multilayer Blown Films Market to Reach USD 11.3 Bn by 2032

The global multilayer blown films market was valued at US$ 7.0 billion in 2023 and is anticipated to grow at a CAGR of 4.4% during the forecast period of 2024 to 2032, reaching an estimated value of US$ 11.3 billion by the end of 2032. The market's robust growth is driven by the increasing demand for polymeric laminates and the rising popularity of coextruded blown films, which offer outstanding barrier properties and versatility in various applications.

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Analyst Viewpoint

The demand for multilayer blown films is surging due to their superior barrier properties, which extend the shelf life of products and provide excellent protection during storage and transit. These properties are particularly valued in the food and beverage industry, where the availability of food-graded materials and adherence to food safety regulations emphasize their non-toxic and safe nature. Manufacturers are focusing on introducing advanced technologies and sustainable solutions, meeting consumer demand for eco-friendly options and reducing transportation costs.

Market Introduction

Multilayer blown films are composed of multiple layers of plastics and polymers, primarily polyolefin plastics and polyethylene. They offer unique properties such as low permeability to gases, heat sealability, high film strength, and excellent adhesion and printability, making them ideal for food packaging. The films are used as laminations on packaging surfaces, providing additional support and protection. They find applications across various industries, including food, pharmaceuticals, and agriculture, due to their ability to prolong the shelf life of perishable goods and protect sensitive items from environmental factors.

Key Market Drivers

Increase in Demand for Polymeric Laminates: The unique barrier qualities of multilayer blown films contribute to their widespread use in food & beverage packaging, ensuring longer shelf life and improved protection.
Rise in Popularity of Coextruded Blown Films: These films are gaining traction in medical and healthcare applications for packaging drugs and sterile goods, offering superior barrier properties and ensuring the integrity of medical supplies.
Expansion in Food Packaging Sector: The growing demand for safe and non-toxic food packaging materials is driving market growth. Multilayer blown films are widely used for their compliance with food safety standards and regulations.
Regional Outlook

Asia Pacific held the largest market share in 2023, driven by the increasing demand for packaged food and ongoing R&D activities. The presence of numerous pharmaceutical companies and the expansion of healthcare infrastructure in emerging economies like China and India further bolster the market. Population growth and changing consumer lifestyles have also contributed to the rise in demand for multilayer blown films in the region. For instance, China's food & beverage industry accounted for a significant portion of global revenue, with production volume increasing by 6.3% in 2021.

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Key Players and Market Developments

Leading companies in the multilayer blown films market include Scientex Berhad, Berry Global Inc., Coveris, Winpak Ltd., Loparex LLC, Proampac LLC, RKW Hyplast NV, Borealis AG, Korozo Ambalaj San.ve Tic A.S., and Next Gen Films Inc. These companies are focused on developing eco-friendly materials and modern designs to cater to evolving consumer needs. Notable developments include Berry Global Group, Inc.'s investment of over US$ 70 million in 2021 to enhance its consumer packaging films segment, supporting the growth of multilayer blown film lines and other infrastructure upgrades.

Market Snapshot

Market Size in 2023: US$ 7.0 billion

Market Forecast (Value) in 2032: US$ 11.3 billion

Growth Rate (CAGR): 4.4%

Forecast Period: 2024-2032

Quantitative Units: US$ billion for Value and Tons for Volume

Regions Covered: North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Market Segmentation

Film Type: Shrink Film, Stretch Film, Specialty Film

Material Type: Polyethylene (PE), LDPE, LLDPE, HDPE, EVOH, Polyamide, PVdC, EVA, Polypropylene, Others

Layer Type: 2-Layer, 3-Layer, 5-Layer, 7-Layer, 9-Layer, 11-Layer, Others

Application: Bags, Pouches, Lids, Wraps, Others

End-use: Agriculture, Pharmaceuticals, Food & Beverage, Textile, Consumer Goods, Others

The global multilayer blown films market is set for a promising future, driven by advancements in technology and the growing need for effective packaging solutions across various industries.

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