High-Density Polyethylene (HDPE), and Linear Low-Density Polyethylene (LLDPE)), and Application (Food & Beverage, Agriculture, Construction, Household, and Others) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Polyethylene Films Market Overview
The global polyethylene films market forecast was projected to reach USD 117.3 billion by 2028, growing at a CAGR of 4.5% from 2021 to 2028.
Polyethylene is a thermoplastic that possesses properties such flexibility, strength, toughness, easy to seal, and resistant to moisture. It is a plastic made from complex polymers, which leads to a rigid, inflammable, fireproof, transparent, and opaque product. Polyethylene films are used in food & beverage for various applications such as packaging of in-store products such as apples & potatoes, non-frozen baked products such as rolls & breads, and tray covers for delivery of baked food products due to its low melting point.
Rise in adoption of PE films in food & beverage, construction, agriculture, and household are some of the factors that have supported long-term expansion for Polyethylene Films Market.
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The COVID-19 pandemic has negatively affected the global economy and is subsequently shrinking the GDP in global economies; thereby, changing consumer spending patterns globally.
Regional Analysis
The Asia-Pacific polyethylene films market size is projected to grow at the highest CAGR of 5.0% during the forecast period, and accounted for 45.8% of polyethylene films market share in 2019. Polyethylene sector in southeast Asia is having oversupply and demand due to large production rate.
Polyethylene Films Market Competitive Landscape
Key Players
• Amcor plc
• Berry Global, Inc
• Toray Advanced Film Co Ltd
• Oben Holding Group
• Taghleef Industries
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Polyethylene Films Market Recent Developments
• In July 2019 - Berry Global Group, Inc. announced the acquisition of RPC Group Plc (RPC) for a purchase price of approximately USD 6.5 billion. Through this acquisition, the company visibility in Australia gets strengthens because of the subsidiaries of RPC Group such as Synergy Packaging.
• Amcor’s Flexibles North America business announced the installation of a seven-layer blown film line. Amcor’s new machine will produce the companies recently launched proprietary AmPrima™ PE Plus ultra-clear and heat resistance films. The AmPrima line uses machine-direction orientation technology to produce films that can run at speeds that competitors are unable to match in a recycle-ready solution
Polyethylene Films Market Reasons to Acquire
• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Polyethylene Films Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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Frequently Asked Questions
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