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Polyethylene Films Market (Type - Shrink Films, and Stretch Films; Material Type - Low Density Polyethylene Films (LDPE), Linear Low-density Polyethylene (LLDPE), High Density Polyethylene Films (HDPE), and Bio Polyethylene Films; End User - Food & Beverages, Personal Care & Cosmetics, Home Care, Building and Construction, Agriculture, Electrical & Electronics, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : September, 2021

  • Rep Id : CM00878

  • Category : Chemicals & Materials

  • Status : Published

A recent report published by Infinium Global Research on polyethylene films market provides in-depth analysis of segments and sub-segments in the global as well as regional polyethylene films market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional polyethylene films market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global polyethylene films market. According to the report, the global polyethylene films market is projected to grow at a CAGR of 4.40% over the forecast period of 2021-2027, growing from nearly USD 85.5 billion in 2020 to about USD 114.2 billion in 2027.

 

Market Insight

Polyethylene or PE is a thermoplastic polymer with enhanced physical properties such as high flexibility, strength, toughness, and heat and moisture resistance. Polyethylene can be molded into various shapes and can be stretched to make films. Polyethylene films are used for the packaging of various food products such as fruits, vegetables, and baked food. Moreover, polyethylene films can be made with different characteristics such as rigid, inflammable, fireproof, transparent, and opaque depending upon the density, and structure of the polymer. High-density polyethylene (HDPE) films are widely used for heavy-duty applications in the construction and agriculture industries. HDPE films are rigid, and strong as compared to low-density polyethylene (LDPE) films, making them suitable for rough usage. Furthermore, the market players are focusing on developing innovative products and production methods to boost their sales and improve margins.

 

The spread of COVID-19 severely affected the polyethylene films market across the globe. COVID-19 pandemic affected the global polyethylene films market by reducing production and demand, disrupting the supply chain, and by its impact on firms and the financial markets. The gap in the demand supply hampered the functioning of the flourishing polymer industry. On the other hand, the revenue of most of the market players was decreased due to the minimal sale during the coronavirus outbreak. Shortage of raw materials was another major challenge faced by the polyethylene films industry during the pandemic. This, in turn, dropped the production of polyethylene films over the period of the pandemic. Furthermore, the lower production of polyethylene films in countries such as China, Taiwan, Vietnam, and Thailand created a shortage in the global market. Countries that are heavily dependent on the import faced a severe shortage of polyethylene films during the pandemic.

 

The growing demand from the food & beverage sector is majorly driving the growth of the market. The food & beverage industry widely uses polyethylene films for packaging applications. Thus, the growing food & beverage industry augments the growth of the polyethylene films market as it is the leading end-use industry. Moreover, the increasing adoption of polyethylene films in the construction industry is further propelling market growth. Polyethylene films are being used for various applications such as flooring, roofing, window films, and countertop protection in buildings. However, fluctuating prices of raw materials are expected to hamper the market growth for polyethylene films. Nevertheless, the emergence of innovative environment-friendly PE materials and eco-friendly manufacturing processes is anticipated to boost market growth in the future. Several vendors have developed different types of innovative polyethylene films that are bio-based, and degradable, which cause less harm to the environment.

 

In terms of region, the global polyethylene films market is segmented into four regions including North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific accounted for the largest market share in the global polyethylene films market generating the highest revenue in 2020. Moreover, the Asia Pacific region is anticipated to grow at the fastest rate over the forecast period of 2021-2027. A large pool of consumers along with improving economic conditions is majorly driving the market growth in the region. Furthermore, North America held the second-largest market share for polyethylene films in 2020. The market was estimated to grow at a decent CAGR over the forecast period of 2021-2027. The better economic conditions in the region coupled with higher production of automotive in the region are driving the North American polyethylene films market.

 

Segment Covered

The report on global polyethylene films market covers segments such as type, material type, and end user. On the basis of type, the sub-markets include shrink films, and stretch films. On the basis of material type, the sub-markets include low density polyethylene films (LDPE), linear low-density polyethylene (LLDPE), high density polyethylene films (HDPE), and bio polyethylene films. On the basis of end user, the sub-markets include food & beverages, personal care & cosmetics, home care, building and construction, agriculture, electrical & electronics, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Amcor plc, Akron Porcelain & Plastics Co, Berry Global, Inc, Constantia Flexibles Group GmbH, Inteplast Group Inc., Fluoro-Plastics Inc., Printpack, Inc., Toray Industries, Inc., RKW Group, and Sealed Air Corporation.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of polyethylene films market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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