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Polyfilm Market Analysis:
Polyfilm, also known as polyethylene film, is a thin plastic material made from a polymer. Polyfilms are made up of various resins, such as HDPE, LLDPE, BOPET, and others, where each have unique properties such as environment-friendly films with long shelf life. Polyfilms are eco-friendly and can be securely used for food wrapping. Poly films and polysheets are used to protect goods from moisture, dust, and dirt during shipment. In addition, polyfilm foams are used in medical equipment, consumer goods, building & construction, agriculture, packaging, and plastic bags. Polyfilms are further used in cover equipment, walls, lumber, machinery, beauty & personal care, and tissue & hygiene industries
COVID-19 scenario analysis:Â
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
The main factor for increase in demand for polyfilm is the rise in popularity of e-commerce and home delivery systems. On the basis of resin type, the linear low density polyethylene (LLDPE) segment has wide applications in the market, owing to rise in demand for various applications in packaging, agriculture, food, and textiles industries. Moreover, the growing demand for flexible packaging in industries, such as food & beverages, boosts the ÂÂÂpolyfilm market. Polyfilm is used in food packaging to keep food fresh, prevent contamination, and provide a long-lasting shelf life. Germ-free packaging for drugs & pharmaceuticals provides sterility and prevents impurity.
In addition, increase in use of BoPET films, owing to unique properties, such as high tensile strength, chemical & dimensional stability, reflectivity, and electrical insulation, is expected to boost the market growth.
However, stringent rules and regulations to reduce the harmful effect to the environment hinder the growth of the polyfilm market. Furthermore, difficulty in recycling of polymeric material and decrease in demand for photographic & magnetic films restrain the growth of the market.
Surge in usage of polyfilm in industrial applications:
Based on region, the polyfilm market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia Pacific has the largest market share in terms of value and volume in the global polyfilm market, and is estimated to rise at a substantial rate, owing to rise in demand for bio-based polyfilms and scientific expansions in the agriculture sector. Moreover, increase in demand from various industries, such as food & beverages and textile, is also expected to drive the market growth in China, India, and Japan in the Asia-Pacific region. The demand for polyfilm for packaging in Asia-Pacific is the highest due to low cost, high thermal stability, mechanical flexibility, and easy availability of raw materials. The polyfilm market in Europe is expected to develop at a significant rate in terms of income in the global polyfilm market, followed by North America. Polyfilm is used in several end-use industries, including pharmaceutical & medical, consumer goods, building & construction, agriculture, packaging, plastic bags, and others.
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Questions answered in the polyfilm market research report:
Polyfilm Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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By Resin Type |
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By End Use Industry |
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Key Market Players | Taghleef Industries, Chiripal Poly Films, Uflex Limited, Vacmet India Private Limited, Garware Polyester Limited, Polyplex Corporation Limited, Formosa Plastics Corporation, Premier Polyfilm Limited, Jindal Poly Films Limited, Treofan Group, Barflex Polyfilms Pvt Ltd., Cosmo Films, Max Speciality Films Limited (MSFL), SRF Limited |
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