Loading...
Cart
0

Polyethylene Films Market Expected to Reach $90,911 Million by 2023

 
 

quote Increase in use of LLDPE-based polyethylene films owing to its high impact resistance has enhanced its application in the packaging sector, majorly in the food and medical industries. quote

Eswara Prasad
Team Lead, Chemicals & Materials at AMR

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, "Polyethylene Films Market by Technology, Material, Type and Application: Global Opportunity Analysis and Industry Forecast, 20172023," the global polyethylene films market was valued at $70,465 million in 2016, and is projected to reach $90,911 million by 2023, growing at a CAGR of 3.6% from 2017 to 2023. The linear low-density polyethylene (LLDPE) segment accounted for nearly half of total market in 2016.

Access Full Summary at: https://www.alliedmarketresearch.com/polyethylene-film-market

Polyethylene is a thermoplastic that possesses properties such as toughness and high tensile strength. Due to low melting point, it is used in packaging industry to heat seal the packages. These characteristics vary with the basic polyethylene parameters of density/crystallinity, molecular weight, and molecular weight distribution.

The market witnesses a strong demand owing to acceleration in manufacturing output majorly in countries of Asia-Pacific. Growth in applications of polyethylene films in food packaging coupled with growth of food & beverage industry is expected to boost the market growth. Other factors that drive the polyethylene films market demand include innovations leading to development of flexible packaging products which are rapidly enhanced among the food & beverage applications. In addition, the use of polyethylene films as a substitute to glass and metal also contributes to market growth. However, fluctuating costs of raw material and stringent regulations across Europe, which forbid the use of plastic films in the agriculture industry are some factors expected to hamper the growth of the market during the forecast period.

In 2016, the LLDPE segment accounted for nearly half of the total market share, in terms of volume. The excellent high strength and source reduction capabilities have jolted the market growth, including pouches for food products and food packaging Furthermore, LLDPE films are moisture and grease resistant, which boosts the growth of the market. Increase in substitution of low density polyethylene films (LDPE) by LLDPE films owing to desirable cost advantage also fuels the market growth.

Key Findings Of The Polyethylene Films Market:

  • In terms of value, the cast film extrusion segment is anticipated to exhibit the highest growth rate of 2.9% from 2017 to 2023.
  • Asia-Pacific is anticipated to lead the market in 2023 and is projected to grow with a CAGR of 3.9%, in terms of value.
  • The stretch films segment occupied nearly half of the total market in 2016.
  • Brazil occupied nearly half of the total LAMEA polyethylene films market in 2016.
  • In terms of value, Japan is expected to grow at a CAGR of 4.8%.

In 2016, Asia-Pacific accounted for nearly half of the total polyethylene films market, and is expected to continue this trend, owing to wide availability of raw materials and robust product demand in food packaging applications.

The major companies profiled in the report include AEP Industries, Amcor Ltd., Berry Plastics Corporation, Dupont Teijin Films, Exopac Holdings Corporation, Jindal Poly Films, Sealed Air Corporation, Hilex Poly Co LLC, Innovia Films Ltd., and Ampac Holdings.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Abhinav Rautela
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
mediacommunications@alliedanalytics.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Polyethylene Films Market by Technology (Blown Film Extrusion, Cast Film Extrusion, and Others), Material (High-Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), and Linear Low-Density Polyethylene (LLDPE)), Type (Stretch Films and Shrink Films) and Application (Beverage Packaging, Food Packaging, Agriculture Films, Construction Films, Household Items, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023 quote

View Report
 
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Polyethylene Films Market"
Purchase Enquiry