USD 96.44 Billion
Global Polyethylene Films Market Size, Share, Growth Analysis, By Technology(Blown Film Extrusion and Cast Film Extrusion), By Type(Stretch Films and Shrink Films), By Thickness(Less than 50 Micron, 50 to 100 Microns) - Industry Forecast 2024-2031
Report ID:
SQMIG15E2368 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
86 |
Figures:
77
Global Polyethylene Films Market Insights
Global Polyethylene Films Market size was valued at USD 96.44 Billion in 2022 and is poised to grow from USD 100.88 Billion in 2023 to USD 144.56 Billion by 2031, at a CAGR of 4.6% during the forecast period (2024-2031).
Polyethylene (PE) film is fundamentally a plastic film composed mostly of hydrocarbons and serves as a protecting barrier in numerous applications, counting packaging, concrete and mortar, extermination, pest control, and waterproofing. These films are prominent for their reusability and struggle to UV deprivation over numerous years, manufacturing them extremely appropriate for both household and profitable purposes. The development of the flexible packaging industry suggestively drives the growth of the PE film market. In the United States, for instance, In August 2021, flexible packaging required the position of the second-largest segment in the packaging industry, commanding around 19% of the USD 177 billion U.S. packaging market. Another prominent segment where PE films find widespread use is the food and beverage industry. Inside this industry, Polyethylene films are applied for various purposes and as tray protections for distributing baked food products.
The increasing consumption of packaged food is a driving strength overdue the growth of the PE film market. Furthermore, in April 2022, U.S. retail and food services sales reached USD 677.7 billion, marking a 0.9 percent rise from the preceding month and an 8.2 percent rise related to April 2021, according to advance estimations from the U.S. Census Bureau. However, the mounting prominence on sustainability and environmental outgoingness by consumers and products is expected to principal to an increased demand for workable packaging solutions. This shift may destructively impact the growth of the PE film market. The COVID-19 pandemic had a significant impression on the PE film market, as major end-users such as automotive, packaging, construction, food and beverages were adversely affected by government-imposed restrictions to control the virus's spread. However, with border simplification worldwide, the market is estimated to recover energy during the forecast period.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Stretch Films
Fastest Growth
Shrink Films
Growth Rate
4.6% CAGR
Global Polyethylene Films Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Polyethylene Films Market Size By Type ($ Bn)
Global Polyethylene Films Market Size By Type (%)
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Global Polyethylene Films Market Segmental Analysis
Global Polyethylene Films Market is segmented on the basis of Type, Technology, Thickness, Material and region. By Type, the market is segmented into Stretch Films and Shrink Films. By Technology, the market is segmented into Blown Film Extrusion, Cast Film Extrusion. By Thickness, the market is segmented into Less than 50 Micron, 50 to 100 Microns, 101 to 200 Microns, above 200 Micron. By Material, the market is segmented into Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Linear Low-Density Polyethylene (LLDPE) and Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Material
Linear Low-Density Polyethylene (LLDPE) stands as the largest segment and is predicted to produce at a CAGR of 4.5% during the forecast period. LLDPE films are preferred for their extraordinary impact resistance and tensile strength, interpreting them as ideal for a display of applications such as trash liners, mattress bags, carryout bags, trash liners, envelope films. Moreover, LLDPE films excel in protection contents within liquid containers, manufacturing them well-suited for paper and paperboard packaging applications. The growing demand for food packaging films that offer improved performance and reduced permeability has additionally fueled the implementation of LLDPE films, from rigid container packaging to high-quality flexible packaging applications, subsequent in a surge in request for LLDPE films.
High-Density Polyethylene (HDPE) arises as the fastest-growing segment. The growth in HDPE film applications in the medical field, particularly in the production of artificial knee caps, can be credited to the high molecular weight of high-density polyethylene and its creditable efficiency and environmental acceptability. The down-gauge properties of HDPE films make them mainly well-suited for thin film packaging, providing the same level of presentation. HDPE films find applications in various industries, including food sectors, packaging, medical, industrial. These factors are forcing the petition in the global market.
Analysis By End Use
Stretch Films are the dominant type in the global market, and they are projected to exhibit a CAGR of 4.7% during the estimated period. The usage of stretch film is a highly protected method for packaging products during transport. The film's high elasticity retrieval empowers it to tightly bind the enveloped items. Furthermore, the overview of new specialty grades of stretch films tailored for current applications in North America has meaningfully increased the demand for stretch films on a global scale.
Shrink Films characterize the second-largest segment in the market. Low-Density Polyethylene (LLDPE) shrink films are of utmost importance in the packaging sector due to their advantages, including strength and durability. These LLDPE shrink films are extensively adopted for packaging heavier and larger items such as beverage multipacks. Additionally, their properties, such as printability and clear graphics, can be combined to maintain both the image and strength of the packaging, making them suitable for applications. These qualities have determined the adoption of shrink films, important to increased demand in the global market.
Global Polyethylene Films Market By Type, 2023 (%)
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Global Polyethylene Films Market Regional Insights
In 2022, the Asia Pacific region became the leader in the global market, contributing to over 45.0% of the total revenue share. This considerable market share was driven by the growing consumer disposition towards supportable, eco-friendly, and recyclable packaging materials. Over the period from 2020 to 2035, this regional market is predictable to continue its expansion at a constant CAGR. Particularly, governments in several countries within the region, including China, Japan, Indonesia, India, Thailand, and Singapore, are actively providing support to manufacturers and end-users of supportable packaging materials as part of their efforts to condense the carbon footprint.
Europe stands as the second-largest region and is projected to range USD 27,875 million by 2031, with a growth rate of 4.4%. The plastic industry plays an essential role in Europe, driven by several key factors, including industrial value-added, public finances, and recycling, trade balance, and the multiplier effect. For instance, a study conducted by the Association of Plastics Manufacturers in Europe and The European Association of Plastics Recycling and Recovery Organizations (EPRO) in 2018 exposed that the European plastic sector maintains an advantageous trade balance of USD 18.5 billion and contributes knowingly, with USD 35.3 billion to public finances and welfare. Moreover, the multiplier consequence of 2.4 on the GDP and the gathering of around 9.4 million tons of post-consumer plastic waste for recycling in Europe are predictable to straight or circuitously drive the demand for the polyethylene film market in this region.
Global Polyethylene Films Market By Region, 2024-2031
- Largest
- Fastest
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Global Polyethylene Films Market Dynamics
Drivers
Extensive Adoption of Polyethylene Films in the Food & Beverage Industry
- Polyethylene film, an extensively used polymeric film for packaging food and beverages, suggests a range of appreciated characteristics that make it particularly appropriate for this purpose. These potentials include its lightweight nature, flexibility and resistance to moisture, glossy surface, all of which render it outstanding for food packaging. Polyethylene film effectively preserves food, safeguarding it in contradiction of bacteria and extending its shelf life. Moreover, its lightweight properties enable the easy transportation of packaged food and beverages. Accordingly, the growing demand for polyethylene films in the food and beverage sectors is projected to exert a substantial influence on the market.
Surging E-Commerce Sector
- The e-commerce sector is now undergoing outstanding growth. According to the United Nations Conference on Trade & Development, the share of e-commerce in global retail trade deteriorated from 14% in 2019 to 17% in 2020. Additionally, to confirm smooth product delivery and minimize the risk of COVID-19 transmission, e-commerce giants have placed enlarged prominence on paying lightweight polyethylene film for packaging. This trend is likely to contribute significantly to the discriminating demand for polyethylene films in the market. Additionally, many companies, including industry leaders such as Apple and Samsung, have announced no-contact delivery services, where polyethylene films serve as a primary packaging material. As a result, the fast flow in demand for polyethylene films is expected to be a driving force for the market in the forecast period.
Restraints
Shift Towards Sustainable Packaging
- Increasing awareness of environmental problems and the shift towards sustainable packaging solutions present a limit for traditional polyethylene films. Customers and businesses are progressively looking for eco-friendly substitutes, such as biodegradable films and recyclable materials, which can impact the demand for predictable polyethylene films.
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Global Polyethylene Films Market Competitive Landscape
Main players in the polyethylene films industry are aggressively following strategies to broaden their market influence, and one of their key tactics involves mergers and acquisitions. These deliberate moves allow companies to increase their resources and extend their market presence. Additionally, manufacturers of polyethylene films are inserting a strong stress on product innovation and increasing their production capacity as part of their growth strategies.
Top Player’s Company Profile
- Constantia Flexibles Group GmbH
- Klockner Pentaplast Group
- Printpack Inc
- Saudi Basic Industries Corporation (SABIC)
- Sealed Air Corporation
- Sumitomo Bakelite Co., Ltd
- Bemis Company Inc.
- Berry Plastics Corporation
- Cosmo Film
- Dupont Teijin Film
- Eastman Chemical Company
- Evonik Industries AG
- Garware Hi-Tech Films Limited
- Griffon Corporation Inc.
- Honeywell International Inc.
- Jindal Poly Films Ltd.
- The Dow Chemical Company
- Toray Industries Inc.
Recent Developments
- In July 2022, Nitto Denko Corporation confirmed the purchase of all the shares of four entities before under Mondi. These companies have now transitioned into a newly recognized entity known as the "Advanced Film Solutions Division." This new division will continue to activate and oversee the personal care business, along with its subordinate businesses.
- In June 2022, Constantia Flexibles partnered with Plasthill Technical Films, a company within the Dutch Oerlemans Packaging Group, to announce Constantia Flexibles' exclusive CompresSeal technology to the European market.
- In March 2022, Glenroy, Inc. exposed plans to surge its adhesive lamination capacity in response to a rising demand for sustainable flexible packaging, thereby growing its production abilities.
Global Polyethylene Films Key Market Trends
Food and Beverage Capture a Substantial Market Share
- The food and beverage industry are composed to play a substantial role in the market, with a growing preference for polyethylene-based flexible films. These films offer crucial barrier properties that contribute to prolonged shelf life and improved protection during storage and transportation. Furthermore, detecting stringent government-monitored manufacturing developments is authoritative for food-grade plastics to confirm their protection for food contact. rising demand has also encouraged retailers to broadcast new products tailored to meet the developing needs of the food and beverage market. For instance, in May 2022, Walki Group unveiled numerous new products, including Lamibel MOD-PE, a film-based material planned for pillow pouches. This material is formed by a solvent-free lamination process, merging low sealing LDPE with reverse-printed MDO-film.
Global Polyethylene Films Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, the global polyethylene film market is an energetic and progressively growing industry determined by its versatile applications in various sectors. Polyethylene films offer extraordinary properties such as flexibility, strength, and resistance to moisture, making them ideal for a wide range of applications. The market's growth is predisposed by factors like the increasing petition for sustainable and eco-friendly packaging solutions, the growth of the e-commerce sector, and insurgencies in film knowledge to enhance barrier assets and shelf life of products. Nevertheless, the market faces challenges related to environmental anxieties and regulatory changes, aggressive manufacturers to develop ecological alternatives. With a strong occurrence in regions like Asia Pacific and North America, the global polyethylene film market is expected to continue its extension, driven by developing consumer favorites and the operation of advanced manufacturing processes. In-depth investigation of market trends, regional dynamics, and the competitive landscape is important for industry companies to exploit on the occasions and dissertation the challenges within this growing market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 96.44 Billion |
| Market size value in 2031 | USD 144.56 Billion |
| Growth Rate | 4.6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Polyethylene Films Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Polyethylene Films Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Polyethylene Films Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Polyethylene Films Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Polyethylene Films Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Polyethylene Films Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Polyethylene Films Market Report Snapshots
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