According to a new market report published by Lucintel, the future of the polyolefin film market looks promising with opportunities in the packaging, construction, and agriculture industries. The global polyolefin film market is expected to reach an estimated $122.7 billion by 2027 with a CAGR of 5% from 2021 to 2027. The major drivers for this market are increasing demand for packaged food in emerging nations and growth in oriented films.
In this market, LLDPE (linear low-density polyethylene), LDPE (low-density polyethylene), HDPE (high-density polyethylene), BOPP (bi-axially oriented polypropylene), and CPP (cast polypropylene) materials used in packaging and other applications. Lucintel forecasts that, the LLDPE film will remain the largest segment due to its superior properties such as high flexibility, higher tensile strength, and high moisture barrier. The BOPP segment is expected to witness the highest growth over the forecast period due to increasing demand in food packaging industry, specifically in tobacco packaging.
Within the polyolefin film market, packaging will remain the largest end use industry and it is also expected to witness the highest growth over the forecast period due to the increasing demand in food and pharma packaging applications.
Asia Pacific will remain the largest region by value and volume and it is also expected to witness the highest growth over the forecast period because of easy availability of raw materials at economical price and skilled labors. Also, growth in food packaging market and construction activities is also expected to increase the demand for polyolefin films.
Emerging trends, which have a direct impact on the dynamics of the polyolefin films industry, include bio-based polyolefin films and development of nano-clays based polyolefin films. Jindal Poly Films, Mitsui Chemicals Tocello, Toray, Berry Plastics C, Toyobo, and Amcor Flexible are among the major manufacturers of polyolefin films.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global polyolefin films markets by material, technology, film type, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Polyolefin Films Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global polyolefin films market by materials, technology, film type, end use industry, and region as follows:
By End Use Industry [Volume (million tons) and $M shipment analysis for 2016 – 2027]:
Packaging
Food Packaging
Other Packaging
Construction
Agricultural
Others
By Material [Volume (million tons) and $M shipment analysis for 2016 – 2027]:
LLDPE (Linear Low-Density Polyethylene)
LDPE (Low-Density Polyethylene)
HDPE (High-Density Polyethylene)
BOPP (Bi-axially Oriented Polypropylene)
CPP (Cast Polypropylene)
By Technology [Volume (million tons) and $M shipment analysis for 2016 – 2027]:
Blown film extrusion
Cast film extrusion
Others
By Film Type [Volume (million tons) and $M shipment analysis for 2016 – 2027]:
Shrink films
Stretch films
Others
By Region [Volume (million tons) and $M shipment analysis for 2016 – 2027]:
Russia
Germany
United Kingdom
France
Italy
China
India
South Korea
Japan
Brazil
Saudi Arabia
South Africa
This 190-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/polyolefin-film-market.aspx helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.