The global Polyethylene Film market reached 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 reach a volume of about 72.21 MMT by 2027.
The global Polyethylene Film industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The product's application in the packaging segment drives the market's growth. In the industry report, the key demand indicator is the highest category spender by region—Asia Pacific.
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 utilised for several functions, involving packaging, plastic bags, labels, building construction, landscaping, electrical fabrication, photographic film, film stock for movies, videotape, and others. The Polyethylene Film industry report comprises segments by end-use (Food and Beverages, Pharmaceuticals, Consumer Goods, Industrial) and region (North America, Europe, Asia Pacific, the Middle East, Africa, and South America).
The Asia Pacific region holds the largest market share in the industry because of two densely populated nations, China and India. The rise in disposable income in these two nations would boost the expansion of businesses such as food and drinks, medicines, pet food, and cosmetics, resulting in a booming plastic film industry. The Asia Pacific market for PE films would be controlled by demand from end-use sectors such as packaged food and beverage packaging applications, boosting market growth for PE films. Cost minimisation and sustainability will focus on product development in the industry during the coming years.
The industry is being driven by the product's extensive application in the packaging segment. The film has various properties, including being lightweight, having strong barrier qualities, and being recyclable and reused. It is widely used in food and beverage, construction, agricultural, and domestic applications. It can be utilised as a vapour barrier, window film, countertop protection, and roofing material. It may also be used to seal rooms, cover building materials, and be employed in lead abatement projects, which is a prominent market trend that pushes the usage of PE films in construction applications. As a result, the market is augmenting. Furthermore, with the rise of e-commerce, protective packaging, such as plastic films and wraps, is seeing a significant increase. This pattern is predicted to continue to assist the market's growth in the future.
However, rigorous rules on plastic recyclability are likely to act as a market restraint.
The global Polyethylene Film industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Polyethylene Film regions, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
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 film. 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. Lamination is the process of sandwiching two or more films (or other materials) together. Extrusion coating is employed to create a film onto another film or substrate. Roll slitting is a standard method of forming plastic films into rolls. Additional layer or printing techniques are frequently employed. Physical vapour deposition can be used to generate metallised films from films. Films can undergo corona treatment or plasma processing, and release agents can be added.
The industry is being propelled by the rise in demand for HDPE film; they are moisture-resistant, making them ideal for packaging breakfast cereals, mainly flakes. Furthermore, HDPE films can protect groundwater from harmful compounds commonly released during oil drilling and landfills. These films are essential for keeping ocean lead out of shipbuilding operations, and they may be used to slow down run-off on hill sites. As a result of dynamic consumer choice, the industry's manufacturing machinery and production processes are stimulated with technical advancements, giving PE films an advantage over competing packaging equivalents and therefore providing an impetus to the market expansion of PE films. Top resin producers create mPE (Metallocene Polyethylene) resins with better physical strength than LDPE and PVC films. Because of their sanitary characteristics, they might be employed in food and pharmaceutical packaging. The primary emphasis of product development in this category is the use of biodegradable and sustainable films, downgauging, and other significant effects.
The regional markets for the industry can be divided into Europe, North America, South America, the Asia Pacific, and the Middle East and Africa.
Because of the existence of multinational firms and unlicensed local units producing low-grade plastic bags, the plastic film industry is fiercely competitive. To stay afloat in the market, global businesses use partnerships, mergers, and acquisitions as their primary growth strategy. Players in the Polyethylene Films Market use technology launches, acquisitions, and R&D efforts as effective tactics.
1. Executive Summary
2. Polyethylene Film Market Snapshot
2.1. Polyethylene Film Market Outlook
2.1.1. Polyethylene Film Category Analysis, by End Use
2.1.2. Food & Beverages
2.1.4. Consumer Goods
2.2. Regional Overview
2.2.1. North America
2.2.3. Asia Pacific
3. Impact of Recent Events
4. Polyethylene Film Value Chain Analysis
5. Polyethylene Film Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Polyethylene Film Cost Structure
9. Polyethylene Film Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Polyethylene Film Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. SWOT Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Industry Best Practices
13.1. Sourcing Strategy
13.2. Procurement Model
13.3. Contract Structure
13.4. Negotiation Levers
13.5. Pricing Model
13.6. Key Factors Influencing the Quotation
14. Key Supplier Analysis
14.1. Amcor plc
14.2. Proampac Holdings Inc.
14.3. Coveris Management GmbH
14.4. Berry Global Inc.
14.5. Klöckner Pentaplast Group
The global Polyethylene Film market size was valued at 57.89 MMT in 2021.
As per the end-use provided, the Consumer Goods segment is anticipated to lead the market between 2022 and 2027.
The significant demand for the film in the packaging end-use is one of the essential drivers of the Polyethylene Film market growth.
Amcor plc, Proampac Holdings Inc., Coveris Management GmbH, Berry Global Inc., and Klöckner Pentaplast Group are leading companies in the market.
The Asia Pacific region of the Polyethylene Film industry holds a significant share in the market.
The global Polyethylene Film market attained a value of 57.89 MMT in 2021, driven by the product's extensive application in the packaging segment. The film has various properties, including being lightweight, having strong barrier qualities, and being recyclable and reused, furthering the industry's growth. The industry is being propelled by the rise in demand for HDPE film owing to its various properties. The rising concern over sustainability is boosting demand for biodegradable and sustainable films, downgauging. The market is expected to witness further growth in 2022-2027, growing at a CAGR of 3.75%. The market is projected to reach 72.21 MMT by 2027. Some of the leading players in the industry are Amcor plc, Proampac Holdings Inc., Coveris Management GmbH, Berry Global Inc., and Klöckner Pentaplast Group.
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