Press release
Polyethylene Film Market Showing Impressive Growth During Forecast Period 2021-2030
Significant surge in the application of polyethylene films in various industries such as construction, food & beverage, and others and remarkable properties of polyethylene films such as lightweight, flexible, glossy finish, moisture resistance are expected to drive the growth of the global polyethylene films market. Moreover, the extensive use of multi-layer polyethylene films in the agricultural sectors for crop protection in harsh climatic conditions supplements the market growth. On the other hand, wide application of paper packaging films over polyethylene films due to environmental regulations & constraints is expected to hinder the growth to some extent. However, increase in use of PE films as vapor retarder, window film, counter top protection, and roofing solutions is expected to create tremendous opportunities for the industry.
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The global polyethylene films market is divided on the basis of technology, type, material, application, and region.
Based on technology, the cast film extrusion segment held the lion's share in 2019, accounting for more than two-thirds of the market. Moreover, the segment is expected to register the highest CAGR of 4.6% during the forecast period.
Rise in adoption of polyethylene films in the food & beverages industry, surge in construction activities, and growth of the e-commerce sector drive the growth of the global polyethylene films market. However, sustainability trend toward use of paper packaging and use of non-biodegradable plastic hinder the market. On the contrary, product development of multi-layer films and development of eco-friendly polyethylene films are expected to open lucrative opportunities for the market players in the future.
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Based on material type, the LLDPE segment held the majority market share in 2020, holding nearly half of the global market. The HDPE segment, on the other hand, is predicted to exhibit the fastest CAGR of 4.9% during the forecast period.
Based on region, the Asia-Pacific region held the lion's share in 2020, garnering nearly half of the global market. In addition, the same segment is expected to cite the fastest CAGR of 5.0% during the forecast period. Other regions analyzed in the market include Europe, North America and LAMEA.
The key players analyzed in the global polyethylene films market report include Amcor Ltd., Berry Global Inc., Constantia Flexibles Group GmbH, Klockner Pentaplast Group, Printpack Inc. RKW Group, Inteplast Group, Sealed Air Corporation, Sumitomo Bakelite Co., Ltd., and Toray Industries Inc.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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