Global Polyethylene Film Industry Report: Analysis and Forecast 2022-2027
Polyethylene Film Market Outlook
The Polyethylene Film industry report comprehensively analyses the industry. This includes crucial Polyethylene Film market trends, important divisions, driving factors, restraints, key market players and market landscape with other vital industry aspects.
The global Polyethylene Film market size attained a volume of about 57.89 MMT in 2021. The industry is projected to grow at a CAGR of around 3.75% in the forecast period of 2022-2027 to produce an output of USD 72.21 MMT by 2027.
One of the important drivers leading to the Polyethylene Film market growth is the application of the product in the packaging segment of various industries. The critical demand indicator is the major spender in the category by region is the Asia Pacific.
Polyethylene Film: Industry Definition and Segmentation
Scope
Polyethylene film or PE film is a kind of plastic manufactured from ethylene; a hydrocarbon mainly derived from natural gas or petroleum. It is a continuous polymeric substance that is very thin. Sheet refers to a thicker plastic substance. These thin plastic membranes divide spaces or volumes, store goods, operate as barriers, and provide printing surfaces. The films are employed for numerous purposes, involving packaging, plastic bags, building construction, labels, landscaping, electrical fabrication, graphic film, film stock for videotape, movies etc.
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The Polyethylene film market report includes segments by:
- End-user: Food and Beverages, Pharmaceuticals, Consumer Goods, and Industrial
- Geography: North America, Europe, Asia Pacific, the Middle East, Africa, and South America
Description of the Polyethylene Film Industry Report
The region-wise Polyethylene Film market can be segregated into Latin America, Europe, Asia Pacific, North America, and the Middle East and Africa.
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Category Drivers
- The surge in Polyethylene Film market development for HDPE film is propelling the business; it is moisture-resistant, making it perfect for packaging breakfast cereals, primarily flakes. In addition, HDPE films help protect groundwater from hazardous substances that are routinely discharged during oil drilling and landfilling.
- These films are necessary for keeping ocean lead out of shipbuilding activities and can be used to slow run-off on hill sites.
- As a result of active client preference, the industry’s industrial technology and fabrication processes are accelerated with scientific developments, handing PE films an improvement over competing packaging counterparts, and therefore delivering fuel to Polyethylene Film market enlargement.
Category Insight by Region
- Because of two heavily populated nations, China and India, the Asia Pacific region has the biggest Polyethylene Film market share in the sector.
- Increased disposable money in these two countries would spur the expansion of industries such as food and beverages, medications, pet food, and cosmetics, resulting in a thriving plastic film sector.
- Demand from end-use sectors such as packaged food and beverage packaging applications will drive the Asia Pacific market for PE films, supporting industry growth.
- Product development in the industry will be centered on cost reduction and sustainability in the future years. This would impact the Polyethylene Film market price.
Category Management
Plastic films are generally made of thermoplastics and are created by melting. Extrusion of plastics can produce a cooled or quenched film before being coiled on a roll. It is then Stretched, thinned, and orientated in one or two directions. The blown or tubular method expands the film by forcing air into an extruded ring. Before annealing, flat tenter frames stretch the extruded film, and calender rolls can be used to make hot polymer films. Another method of film formation is solution deposition. Skiving is a technique for removing a film from a solid core. Extruding two or more layers of different polymers into a single film is known as coextrusion.
Strategic Industrial Players Integrated in the Global Polyethylene Film Market Analysis
The important players in the Polyethylene Film industry are Amcor plc, Klöckner Pentaplast Group, Proampac Holdings Inc., Coveris Management GmbH, Berry Global Inc.
The trade report comprises plant shutdowns, investments/divestments, capacity additions, mergers and acquisitions and other most recent developments in the market.
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