Mylar Market 2026-2031 Trends, Growth and Forecast Analysis

According to a report published by Allied Market Research, the global mylar market was valued at $10.7 billion in 2021 and is projected to reach $20.4 billion by 2031, growing at a CAGR of 6.9% from 2022 to 2031. The study offers an in-depth evaluation of key investment pockets, winning strategies, market dynamics, competitive landscape, and emerging trends. It serves as a valuable resource for industry leaders, new entrants, investors, and stakeholders seeking to strengthen their market position and plan future growth strategies.

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Report Overview:

- Forecast Period: 2022-2031
- Base Year: 2021
- Market Size (2021): $10.7 Billion
- Market Size (2031): $20.4 Billion
- CAGR: 6.9%
- Pages: 262
- Segments Covered: Application, End-use Industry, and Region

Key Market Drivers:

- Rising adoption of mylar across industries such as food & beverages, cosmetics & personal care, electrical & electronics, and others.

Restraint:

- Non-biodegradable nature of mylar, raising environmental concerns.

Opportunities:

- Growing demand for mylar tapes across industrial and commercial applications.

Segmental Insights:-

By Application:

- Bags and pouches accounted for nearly two-fifths of the global market share in 2021 and are expected to maintain dominance through 2031.

- This segment is projected to grow at the fastest CAGR of 7.1% during the forecast period.

Other applications analyzed include labels and laminates.

By End-use Industry:

- The food & beverage segment contributed to more than half of the total market revenue in 2021 and is expected to remain the leading segment by 2031.

- The pharmaceuticals segment is projected to witness the fastest CAGR of 7.5% through 2031.

- The report also evaluates the cosmetics & personal care sector.

By Region:

- Asia-Pacific held over 50% of the global revenue share in 2021 and is expected to retain its dominance during the forecast period.

- The region is anticipated to register the fastest CAGR of 7.2% from 2022 to 2031.

- Other regions analyzed include North America, Europe, and LAMEA.

Competitive Landscape:-

Key players operating in the global mylar market include:

- CS Hyde Company
- Uline
- FINE PACKAGE CO., LTD.
- Grafix Plastics
- IMPAK CORPORATION
- Jarrett Industries
- BCW Diversified, Inc.
- Protective Packaging Corporation
- RH Nuttall
- Tekra Corporation

These companies are adopting strategic initiatives such as partnerships, collaborations, expansions, and joint ventures to strengthen their market presence and enhance competitiveness.

Obtain Report Details: https://www.alliedmarketresearch.com/mylar-market-A31643

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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.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.