Multilayer Blown Films Market to Hit USD 11.3 Billion by 2032, Growing at 4.4% CAGR - Transparency Market Research Report

The global multilayer blown films market, valued at approximately US$ 7.0 billion in 2023, is expected to grow at a compound annual growth rate (CAGR) of 4.4% between 2024 and 2032, reaching an estimated US$ 11.3 billion by the end of the forecast period.

The industry's growth is driven by increasing demand for polymeric laminates and a rise in the popularity of coextruded blown films. These advanced films are prized for their outstanding barrier properties, which extend product shelf life and ensure superior protection during storage and transit, particularly in the food and beverage sector. Additionally, the availability of food-graded materials and strict adherence to food safety regulations further underscore their safe, non-toxic nature.

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Market Introduction

Multilayer blown films are produced by combining plastics and polymers, which are then transformed into polyolefin plastics such as polyethylene. Unlike conventional single-layer blown films with low film force, multilayer configurations-often comprising two or more thin films with differing refractive indexes-offer enhanced properties. These films exhibit low permeability to gases like oxygen and carbon dioxide, excellent heat sealability, high strength, and superior adhesion and printability, making them ideal for applications in food, pharmaceutical, and industrial packaging.

Employed as laminates on packaging surfaces, multilayer blown films add extra protection and structural support, thereby extending the shelf life of perishable goods and shielding products from environmental factors during storage and transit.

Key Market Drivers and Trends

Increase in Demand for Polymeric Laminates

Multilayer blown films are extensively used in the food and beverage industry due to their unique barrier properties. These films not only extend product shelf life by preventing oxygen and moisture ingress but also ensure optimal protection during storage and transportation. Their smooth, printable surface allows for high-quality branding and product information, bolstering both functionality and aesthetic appeal.

Rise in Popularity of Coextruded Blown Films

Coextruded blown films are gaining traction across multiple sectors, including medical and healthcare, where they are essential for packaging drugs, sterile goods, and medical devices. Their superior barrier properties-such as maintaining sterility and providing microbiological protection-are critical for safeguarding sensitive products. Recent investments in advanced blown film extrusion technology underscore the industry's commitment to innovation. For example, Pregis invested US$ 80 Mn in July 2021 to establish a state-of-the-art blown film extrusion facility, and TekniPlex Healthcare announced its expansion into cleanroom-based multilayer blown film production in January 2024.

Regional Outlook: Asia Pacific Leads the Market

Asia Pacific dominated the multilayer blown films market in 2023, driven by a surge in demand for packaged food and robust R&D activities. The region benefits from a strong presence of pharmaceutical industries and rapidly developing healthcare infrastructure in emerging markets like China and India. Population growth and evolving consumer lifestyles are also catalyzing expansion across food & beverage, personal care, and healthcare sectors.
According to the USDA Foreign Agricultural Service, China accounted for over half of the global food and beverage revenue, with production volume increasing by 6.3% in 2021.

Analysis of Key Players and Industry Developments

Manufacturers in the multilayer blown films market are focusing on developing eco-friendly materials, innovative designs, and sustainable production solutions to meet evolving consumer demands.

Key players 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.
Next Gen Films Inc.

Noteworthy developments in the industry include:

April 2021: Berry Global Group, Inc. announced an investment exceeding US$ 70 Mn to support growth in consumer packaging films for e-commerce, food, and beverage applications. This investment is set to drive new multilayer blown film lines and infrastructure enhancements across multiple North American sites.
January 2024: TekniPlex Healthcare expanded its production capabilities by launching multilayer blown film manufacturing in a cleanroom environment, with full-scale commercial production expected shortly thereafter.

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Market Segmentation and Detailed Analysis

The global multilayer blown films market is segmented by film type, material type, layer configuration, application, end-use, and region:

By Film Type:

Shrink Film
Stretch Film
Specialty Film

By Material Type:

Polyethylene (PE)
LDPE
LLDPE
HDPE
EVOH
Polyamide
PVdC
EVA
Polypropylene
Others

By Layer Type:

2-Layer
3-Layer
5-Layer
7-Layer
9-Layer
11-Layer
Others

By Application:

Bags
Pouches
Lids
Wraps
Others

By End-use:

Agriculture
Pharmaceuticals
Food & Beverage
Textile
Consumer Goods
Others

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

This comprehensive segmentation supports a thorough analysis of market trends, opportunities, and competitive dynamics, encompassing both qualitative and quantitative aspects, including Porter's Five Forces Analysis, value chain assessments, and trend analysis.

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