Polyethylene Films Market: An Overview
Polyethylene is a lightweight, water-resistant and durable polymer which is made by polymerization of ethylene. Polyethylene films are the most widely accepted films across the world having a wide range of applications extending from shopping bags to packaging industry. Polyethylene films have the high strength to weight ratio that makes it a better choice as compared to other types of packaging films. Furthermore, the light weight of polyethylene films helps in providing lesser overall weight. The ability and compatibility of polyethylene films with other barrier layers make it suitable for the challenging requirements of the market. Thus, promises the positive growth of the polyethylene films market during the forecast period 2018 – 2028. Polyethylene films protects the packaged product from the moisture, oxygen, dust, and microorganisms. Colored polyethylene films also help in preserving the packaged product from sunlight. In addition, the information on polyethylene films can easily be printed which makes it convenient for the customers and the producers. Polyethylene films also help with several benefits which can make the product look attractive by using different colors, patterns, and designs.
Polyethylene Films Market: Dynamics
Polyethylene films market is expected to witness significant growth owing to the growing demand in the packaging industry. Increase in per capita income across the globe is escalating the demand for packaged food & beverages, which in turn is expected to boost the market for polyethylene films. Polyethylene films provide protection against microorganisms which keeps the food hygienic. The innovation in flexible films industry to meet the ever -increasing market demand for innovative and lightweight packaging will contribute to the growth of the polyethylene films market. Polyethylene films thick sheets in place of glass and metals are providing the same strength in the cheaper rate. The advancement of the recycling and biodegradable sector will add to the growth of polyethylene films market. Polyethylene films are cheap, versatile; and flexible which gives it a competitive edge in the packaging industry. Furthermore, the increase in the usage of polyethylene films for greenhouse in agriculture are escalating the demand for polyethylene films across the globe. In addition, polyethylene films also prevents moisture in the construction which is expected to lead the market for polyethylene films.
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Polyethylene Films Market: Segmentation
Globally, the polyethylene films market has been segmented on the basis of material type, on the basis of thickness on the basis of packaging type and on the basis of end use industry which are as follows –
On the basis of material type, the global Polyethylene films market is segmented as – Low Density Polyethylene Films (LDPE),Linear Low Density Polyethylene Films (LLDPE),Medium Density Polyethylene Films (MDPE),High Density Polyethylene Films (HDPE),Bio Polyethylene Films
On the basis of thickness, the global Polyethylene films market is segmented as – Less than 50 micron,50- 100 micron,100-200 micron,200 micron and above
On the basis of packaging type, the global Polyethylene films market is segmented as – Bags,Bottles,Containers,Pouches,Tubes
On the basis of end use industry, the global Polyethylene films market is segmented as – Food & Beverages,Personal Care & Cosmetics,House Care,Building and Construction,Agriculture,Electrical & Electronics
Polyethylene Films Market: Regional outlook
Geographically the global polyethylene films market has been divided into seven key regions as: North America,Latin America,Eastern Europe,Asia Pacific excluding Japan (APEJ),Middle East & Africa (MEA),Japan
The Asia Pacific market is expected to dominate the growth of the global polyethylene films market due to increase in food and beverages packaging industry in this region. The Europe and North America polyethylene films market is expected to witness a slow growth rate as compared to other region. The Asia – Pacific region represents lucrative opportunities for the growth of the global polyethylene films market during the forecast period.
Polyethylene Films Market: Key players
Some of the key players operating in the global polyethylene films market are – AEP Industries,Amcor Limited,I. du Pont de Nemours,Fluoro-Plastics Inc.,Raven Industries Inc.,Now Plastics, Inc.,Hosokawa Alpine Aktiengesellschaft,Akron Porcelain & Plastics Co,Senoplast Klepsch & Co. GmbH,Dowco Inc.,Innovia Films Limited,Primex Plastics corp.,Jindal Poly Films Limited
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