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 News

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.

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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).

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. 'Amcor Ltd.', 'Constantia Flexibles Group GmbH', 'Klockner Pentaplast Group', 'Printpack Inc', 'RKW Group', 'Saudi Basic Industries Corporation (SABIC)', 'Sealed Air Corporation', 'Sumitomo Bakelite Co., Ltd', 'Toray Industries Inc', '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.'

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.

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.

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.

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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

Global Polyethylene Films Market News

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