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At a compound annual growth rate (CAGR) of 6.6% between 2023 and 2030, the size of the global polyethylene films market is expected to increase from USD 92.29 billion in 2022 to USD 138.29 billion by 2030.
In many contexts, including packaging, concrete and mortar, extermination, pest control, and waterproofing, polyethylene (PE) film, a plastic film comprised primarily of hydrocarbons, functions as a protective barrier. These films are well-known for their durability and resistance to UV deprivation over a long period of time, making them ideal for both domestic and commercial use. The expansion of the flexible packaging sector is a key factor fueling the need for PE film. As of August 2021, flexible packaging accounted for over 19% of the USD 177 billion U.S. packaging market, making it the second-largest segment in the industry. The food and beverage industry is another major sector that makes extensive use of PE films. Polyethylene films serve many functions in this sector, such as tray protections for the distribution of baked food goods.
The rising demand for pre-packaged foods is one factor pushing the PE film industry forward. The U.S. Census Bureau has projected that retail and food service sales in the United States will total USD 677.7 billion in April 2022, up over the prior month by 0.9% and up 8.2% from April 2021. However, the rising focus on sustainability and environmental outgoingness by customers and companies is projected to rise to an increased need for viable packaging solutions. This change could have a negative effect on the expansion of the PE film industry. Government restrictions enacted to halt the spread of the COVID-19 epidemic had a substantial impact on the PE film business, since they hit major end-users like the automotive, packaging, construction, food, and beverage industries. The market is expected to regain momentum during the projected period, thanks to global efforts to reduce red tape at borders.
Polyethylene is a thermoplastic with many desirable characteristics, including low cost, ease of sealing, and resistance to moisture. Rigid, noncombustible, fireproof, translucent, and opaque best describe this plastic constructed from complicated polymers. Due to its low melting point, polyethylene films have several uses in the food and beverage industry, including the packaging of in-store items like apples and potatoes, non-frozen baked goods like rolls and breads, and tray covers for delivery of baked food products. Basic polyethylene factors such as density/crystallinity, molecular weight, and molecular weight distribution all affect these features. HDPE films are commonly used as vapor retarders, window films, flooring & countertop protection, and roofing solutions in the building industry. These sheets are also utilized in lead abatement initiatives, to shut off rooms, and to conceal building components.
Increased demand from the food & beverage, construction, agricultural, and home sectors is fueling the expansion of the global polyethylene films market. Window film, counter top protection, and roofing solutions are just a few of the many applications for PE films. The primary market trend pushing the usage of PE films in construction applications is lead abatement, but the product's versatility means it may also be used for sealing rooms, covering building materials, and other similar purposes. Moreover, HDPE films are capable of shielding the ground water from hazardous substances that generally occur during oil drilling and from landfills. These films are essential for stopping water from washing away construction sites on hillsides and for preventing seawater from seeping into ships. These elements are viewed as drivers of the global polyethylene films market.
Eco-friendly packaging solutions are predicted to continue to promote green habits as the globe moves toward sustainability and environmental friendliness. As a result, shoppers have become more resolute in their commitment to paper over polyethylene films for packaging purposes. In addition, rise in awareness for waste management and reduction of carbon footprints have drawn the customer preference toward paper packaging films in a wide variety of applications such as food, cosmetics & personal care, pharmaceutical, and others. Because of environmental restrictions and constraints, paper packaging films have become more popular than polyethylene films, which could slow the expansion of the polyethylene films market.
Polyethylene films, on the other hand, have a number of advantageous qualities that make them useful in a variety of contexts. These include being lightweight, flexible, glossy, and moisture resistant. Multi-layer polyethylene film (2-9 layers thick) with excellent flexibility and moisture resistance is necessary for numerous tough applications, including construction, tubes, laminates, and others. As an added bonus, multi-layer polyethylene films are commonly used in agriculture to shield crops from severe weather. Because of this, prosperous prospects for the development of the global market are expected to emerge.
Report Coverage
Global Polyethylene Films research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Polyethylene Films report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Polyethylene Films competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Polyethylene Films market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Polyethylene Films market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Polyethylene Films market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Amcor Ltd., Constantia Flexibles Group GmbH, Klockner Pentaplast Group, Printpack Inc, RKW Group, Saudi Basic Industries Corporation (SABIC), Sealed Air Corporation, Sumitomo Bakelite Co., Ltd, Toray Industries Inc, Bemis Company Inc., Berry Plastics Corporation, Cosmo Film, Dupont Teijin Film, Eastman Chemical Company, Evonik Industries AG, Garware Hi-Tech Films Limited, Griffon Corporation Inc., Honeywell International Inc., Jindal Poly Films Ltd., The Dow Chemical Company, Toray Industries Inc.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Polyethylene Films market based on the below-mentioned segments:
Global Polyethylene Films Market, By Type
Stretch Films
Shrink Films
Global Polyethylene Films market, By Application
Food & Beverage
Agriculture
Construction
Household
Others
Global Polyethylene Films Market, By Material
Low-Density Polyethylene (LDPE)
High-Density Polyethylene (HDPE)
Linear Low-Density Polyethylene (LDPE)
Global Polyethylene Films market, Regional Analysis
In many contexts, including packaging, concrete and mortar, extermination, pest control, and waterproofing, polyethylene (PE) film, a plastic film comprised primarily of hydrocarbons, functions as a protective barrier. These films are well-known for their durability and resistance to UV deprivation over a long period of time, making them ideal for both domestic and commercial use. The expansion of the flexible packaging sector is a key factor fueling the need for PE film. As of August 2021, flexible packaging accounted for over 19% of the USD 177 billion U.S. packaging market, making it the second-largest segment in the industry. The food and beverage industry is another major sector that makes extensive use of PE films. Polyethylene films serve many functions in this sector, such as tray protections for the distribution of baked food goods.
The rising demand for pre-packaged foods is one factor pushing the PE film industry forward. The U.S. Census Bureau has projected that retail and food service sales in the United States will total USD 677.7 billion in April 2022, up over the prior month by 0.9% and up 8.2% from April 2021. However, the rising focus on sustainability and environmental outgoingness by customers and companies is projected to rise to an increased need for viable packaging solutions. This change could have a negative effect on the expansion of the PE film industry. Government restrictions enacted to halt the spread of the COVID-19 epidemic had a substantial impact on the PE film business, since they hit major end-users like the automotive, packaging, construction, food, and beverage industries. The market is expected to regain momentum during the projected period, thanks to global efforts to reduce red tape at borders.
Polyethylene is a thermoplastic with many desirable characteristics, including low cost, ease of sealing, and resistance to moisture. Rigid, noncombustible, fireproof, translucent, and opaque best describe this plastic constructed from complicated polymers. Due to its low melting point, polyethylene films have several uses in the food and beverage industry, including the packaging of in-store items like apples and potatoes, non-frozen baked goods like rolls and breads, and tray covers for delivery of baked food products. Basic polyethylene factors such as density/crystallinity, molecular weight, and molecular weight distribution all affect these features. HDPE films are commonly used as vapor retarders, window films, flooring & countertop protection, and roofing solutions in the building industry. These sheets are also utilized in lead abatement initiatives, to shut off rooms, and to conceal building components.
Increased demand from the food & beverage, construction, agricultural, and home sectors is fueling the expansion of the global polyethylene films market. Window film, counter top protection, and roofing solutions are just a few of the many applications for PE films. The primary market trend pushing the usage of PE films in construction applications is lead abatement, but the product's versatility means it may also be used for sealing rooms, covering building materials, and other similar purposes. Moreover, HDPE films are capable of shielding the ground water from hazardous substances that generally occur during oil drilling and from landfills. These films are essential for stopping water from washing away construction sites on hillsides and for preventing seawater from seeping into ships. These elements are viewed as drivers of the global polyethylene films market.
Eco-friendly packaging solutions are predicted to continue to promote green habits as the globe moves toward sustainability and environmental friendliness. As a result, shoppers have become more resolute in their commitment to paper over polyethylene films for packaging purposes. In addition, rise in awareness for waste management and reduction of carbon footprints have drawn the customer preference toward paper packaging films in a wide variety of applications such as food, cosmetics & personal care, pharmaceutical, and others. Because of environmental restrictions and constraints, paper packaging films have become more popular than polyethylene films, which could slow the expansion of the polyethylene films market.
Polyethylene films, on the other hand, have a number of advantageous qualities that make them useful in a variety of contexts. These include being lightweight, flexible, glossy, and moisture resistant. Multi-layer polyethylene film (2-9 layers thick) with excellent flexibility and moisture resistance is necessary for numerous tough applications, including construction, tubes, laminates, and others. As an added bonus, multi-layer polyethylene films are commonly used in agriculture to shield crops from severe weather. Because of this, prosperous prospects for the development of the global market are expected to emerge.
Report Coverage
Global Polyethylene Films research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Polyethylene Films report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Polyethylene Films competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Polyethylene Films market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Amcor Ltd., Constantia Flexibles Group GmbH, Klockner Pentaplast Group, Printpack Inc, RKW Group, Saudi Basic Industries Corporation (SABIC), Sealed Air Corporation, Sumitomo Bakelite Co., Ltd, Toray Industries Inc, Bemis Company Inc., Berry Plastics Corporation, Cosmo Film, Dupont Teijin Film, Eastman Chemical Company, Evonik Industries AG, Garware Hi-Tech Films Limited, Griffon Corporation Inc., Honeywell International Inc., Jindal Poly Films Ltd., The Dow Chemical Company, Toray Industries Inc. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Polyethylene Films Market from 2021 to 2030.
- Market Forecast for Polyethylene Films Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Polyethylene Films competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Polyethylene Films
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Polyethylene Films market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Polyethylene Films market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Amcor Ltd., Constantia Flexibles Group GmbH, Klockner Pentaplast Group, Printpack Inc, RKW Group, Saudi Basic Industries Corporation (SABIC), Sealed Air Corporation, Sumitomo Bakelite Co., Ltd, Toray Industries Inc, Bemis Company Inc., Berry Plastics Corporation, Cosmo Film, Dupont Teijin Film, Eastman Chemical Company, Evonik Industries AG, Garware Hi-Tech Films Limited, Griffon Corporation Inc., Honeywell International Inc., Jindal Poly Films Ltd., The Dow Chemical Company, Toray Industries Inc.
Primary Target Market
- Market Players of Polyethylene Films
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Polyethylene Films market based on the below-mentioned segments:
Global Polyethylene Films Market, By Type
Stretch Films
Shrink Films
Global Polyethylene Films market, By Application
Food & Beverage
Agriculture
Construction
Household
Others
Global Polyethylene Films Market, By Material
Low-Density Polyethylene (LDPE)
High-Density Polyethylene (HDPE)
Linear Low-Density Polyethylene (LDPE)
Global Polyethylene Films market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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