Product ID: SQMIG15E2368
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 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.
Global Polyethylene Films Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
