Press release
Polyethylene Films Market Size by Application, Type, Geographic Scope, and Forecast
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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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.
Based on type, the stretch films segment held the largest market share in 2020, garnering nearly three-fourths of the global market. In addition, the same segment is expected to cite the fastest CAGR of 4.6% during the forecast period. Remaining segment analyzed in the report include shrink films and others.
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On the basis of application, the food & beverages segment is estimated to portray the highest CAGR of 4.8% from 2021 to 2028. In addition, the segment held the largest share in 2019, contributing to nearly three-fifths of the market. The research also analyzes segments including agriculture, construction, household, and others.
The global polyethylene films market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific is projected to manifest the highest CAGR of 5.0% during the forecast period. Moreover, the region held the largest share in 2019, accounting for nearly half of the market.
The global polyethylene films market includes an in-depth analysis of the prime market players such as Berry Global Inc., Amcor Ltd., Klockner Pentaplast Group, Constantia Flexibles Group GmbH, Inteplast Group, Printpack Inc. RKW Group, Sumitomo Bakelite Co., Ltd., Sealed Air Corporation, 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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