Email
Print
Polyethylene Films Market size is forecast to reach $106.42 billion by 2025, after growing at a CAGR of 4.52% during 2020-2025. Rising disposable income and concerns about the growing use of bioplastic materials drive the growth of the sector. In addition, an increase in demand as a replacement for glass and metal for polyethylene films boosts market growth. There is also expected to encourage market growth with increased demand for hygienic and durable food packaging materials combined with a rise in consumer environmental concerns.
Report Coverage
The “Polyethylene Films Market report – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Polyethylene Films Industry.
By Film Type: Stretch Film, Shrink Film and Others.
By Technology: Blown Film Extrusion, Cast Film Extrusion and Others.
By Type: High-Density Polyethylene, Low-Density Polyethylene, Linear Low-Density Polyethylene and Others.
By Application: Beverage Packaging, Food Packaging, Agriculture Film, Construction Film, Household Item, and Others.
By Geography: North America, South America, Europe, APAC and RoW
Key Takeaways
- The market is witness to high demand due to the elastic nature of polyethylene films which allow good toughness films for food packaging and non-food applications to be developed. The demand for polyethylene films is driven by advances in food and drink packaging.
- The growth of the global polyethylene film market over the forecast period is expected to fuel demand for more eco-friendly goods. However, certain restrictions on the use of plastics that are non-biodegradable and produced in Europe are anticipated to impede market development.
- The biggest investment pocket due to its property of improving product life and catering to rising demand for a longer service life is expected to come with the beverage packaging. In addition, preferred food and drinks, flavors and technological advances combined with cost-effective packaging solutions are some factors that will expand the demand for packaged beverages.
- The COVID-19 pandemic and subsequent halt in manufacturing activities shall have an impact on the supply availability of a variety of Polyethylene Films. Furthermore, current disruption in trade shall also gravely impact the availability of stocks in import-dependent countries.
Film Type - Segment Analysis
Stretch Film segment has been the primary market for Polyethylene Films for many years. Stretch film or stretch wrap is made from linear low-density polyethylene and is primarily used as a wrapper. Stretch wrap is highly elastic in nature and can stick to surfaces because of the elastic rebound without the use of any adhesives. Stretch wrap is commonly used to bundle boxes on pallets. They improve the stability and provide a more efficient way to handling loads while protecting it from dust and moisture. Stretch film is a highly elastic plastic film that is used as an over wrap during the shipping process. The flexible nature allows it to be tightly bound without the use of any adhesives over Shrink Films.
Technology - Segment Analysis
Blown Film Extrusion segment has been the primary market for Polyethylene Films for many years. Blown Film Extrusion is an established process which is used to manufacture a wide range of commodity & specialized plastic films for the packaging industry by using semi-crystalline polymer. Also known as Film Blowing Process, this extrusion process generally comprises extrusion of molten thermoplastic tube and its constant inflation to several times of its initial diameter. This forms a thin, tubular product which may be used directly, or indirectly by slitting it to create a flat film.
Application - Segment Analysis
Food Packaging segment has been the primary market for Polyethylene Films for many years at a CAGR of 5.26%. The main asset of the food industry is polyethylene film packaging. It is eco-friendly and increases customer convenience. Due to this, there is significant competition in the food and beverage market among the players who provide quality products to the consumers. Many retail stores use polyethylene film packaging materials to preserve food and to retain the nutritional value of foods. Growth will continue to trigger producers to expand their production capacities, thereby rising product demand over a forecast period, for polyethylene film packaged foods, including ready to meals, frozen meals, snack and cake mix. The market is expected to grow because of the increasing number of consumers buying food (including fried or chilled foods).
Geography - Segment Analysis
North America dominated the Polyethylene Films Market share with more than 45.23%, followed by APAC and Europe. Owing to growing number of beverage manufacturers and the presence of key players in the region, North America has highest share. Regulations restricting the Government of Mexico to the creation of new production units have led to new production facilities like Takeda, Daiichi Ranbaxy, and Astellas being built. Driving the domestic industry along with favourable Government policy has played a significant role, with demand for the product. In the U.S. consumers are preferring polyethylene film packaging which is light and aesthetically appealing. This will increase the growth rate of polyethylene film industry over the forecast period.
Drivers – Polyethylene Films Market
- Increasing usage because of its properties
There are various packaging options in the market, but one of the most commonly used packaging materials is polyethylene. It is the most durable type of plastic available today owing to its properties of chemically resistant and low in cost. Polyethylene or PE is derived from petroleum polymers and can survive any environmental hazards. Polyethylene is leakage proof which means it does not allow water vapor to pass through it. It can be heat sealed, this means the plastic can be wrapped around the product and secured with an airtight seal. Electronic companies use PE for their electronic components as it gives protection from moisture and tampering. Polyethylene is highly versatile and customizable. Along with the protection, it offers a great advertising option to suit the product making it very adaptable. It offers different thickness and clarities as well as various designer colors for a more customized option. PE is durable and resistant to external influences to ensure the content is well-preserved. HDPE a type of PE is puncture resistant, tear resistant and lower in stretching. A common example of this material is grocery bags, trash bags, retail packaging bags, and packaging films.
Challenges – Polyethylene Films Market
- Ban on lightweight plastic bags to improve paper packaging prospects
Paper packaging materials can be reused and recycled as compared to other materials such as metals and plastics. Paper packaging is therefore one of the most environmentally friendly and affordable packaging forms. The growing demand for flexible paper packaging due to increasing consumer awareness of the harmful environmental effects of plastics. In some countries, the ban on lightweight plastic bags is expected to drive the flexible paper packaging market throughout the forecast period.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Polyethylene Films Market. In 2019, the market of Polyethylene Films has been consolidated by the top five players accounting for xx% of the share. Major players in the Polyethylene Films Market are 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, among others.
For more Chemical and Materials related reports, please click here
1. Polyethylene Films Market- Market Overview
1.1 Definitions and Scope
2. Polyethylene Films Market- Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Film Type
2.3 Key Trends by Technology
2.4 Key Trends by Type
2.5 Key Trends by Application
2.6 Key Trends by Geography
3. Polyethylene Films Market- Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis- Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis- Top Companies
3.1.5 Pricing Analysis
4. Polyethylene Films Market - Startup companies Scenario Premium (Premium)
4.1 Top startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Polyethylene Films Market – Industry Market Entry Scenario Premium (Premium)
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top companies
6. Polyethylene Films Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Market Opportunities
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Polyethylene Films Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Market life cycle
7.4 Suppliers and distributors Analysis
8. Polyethylene Films Market – By Film Type (Market Size -$Million)
8.1 Stretch Film
8.2 Shrink Film
8.3 Others
9. Polyethylene Films Market – By Technology (Market Size -$Million)
9.1 Blown Film Extrusion
9.2 Cast Film Extrusion
9.3 Others
10. Polyethylene Films Market – By Type (Market Size -$Million)
10.1 High-Density Polyethylene
10.2 Low-Density Polyethylene
10.3 Linear Low Density Polyethylene
10.4 Others
11. Polyethylene Films Market – By Application (Market Size -$Million)
11.1 Beverage Packaging
11.2 Food Packaging
11.3 Agriculture Film
11.4 Construction Film
11.5 Household Item
11.6 Others
12. Polyethylene Films Market- By Geography (Market Size -$Million)
12.1 North America
12.1.1 U.S.
12.1.2 Canada
12.1.3 Mexico
12.2 South America
12.2.1 Brazil
12.2.2 Argentina
12.2.3 Colombia
12.2.4 Chile
12.2.5 Rest OF South America
12.3 Europe
12.3.1 U.K
12.3.2 Germany
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Netherlands
12.3.7 Russia
12.3.8 Belgium
12.3.9 Rest of Europe
12.4 Asia Pacific
12.4.1 China
12.4.2 India
12.4.3 ANZ
12.4.4 Japan
12.4.5 South Korea
12.4.6 Rest of Asia Pacific
12.5 ROW
12.5.1Middle East
12.5.1.1 Saudi Arabia
12.5.1.2 UAE
12.5.1.3 Israel
12.5.1.4 Rest of Middle East
12.5.2Africa
12.5.2.1 South Africa
12.5.2.2 Nigeria
12.5.2.3 Rest of South Africa
13. Polyethylene Films Market- Entropy
13.1 New Product Launches
13.2 M&A’s, Collaborations, JVs and Partnerships
14. Market Share Analysis (Premium)
14.1 Market Share by Country- Top companies
14.2 Market Share by Region- Top companies
14.3 Market Share by type of Product / Product category- Top companies
14.4 Market Share at global level- Top companies
14.5 Best Practices for companies
15. Polyethylene Films Market- List of Key Companies by Country (Premium)
16. Polyethylene Films Market- Company Analysis
16.1 Market Share, Company Revenue, Products, M&A, Developments
16.2 Company 1
16.3 Company 2
16.4 Company 3
16.5 Company 4
16.6 Company 5
16.7 Company 6
16.8 Company 7
16.9 Company 8
16.10 Company 9
16.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"