Global Polyfilm Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027

The Global Polyfilm Market Report Overview:

“The global Polyfilm Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

The Global Polyfilm Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global polyfilm market report has been segmented on the basis of resin type, end-use industry, and region.

Polyfilm, also known as polyethylene film is a thin plastic material made up of a polymer. It is used in various applications such as packaging, plastic bags, building construction, landscaping, labels, and electrical fabrication.

Poly films and polysheets are used generally to prevent dust, dirt, and moisture. It replaces expensive drop cloths and provides surface protection for indoor painting projects. Polyfilms are aso used to cover lumber, walls, scaffolding, equipment, machinery, and other materials.

Dynamics

Increasing demand of polyfilm for various applications, especially for food packaging, is a major factor expected to drive growth of the global polyfilm market over the forecast period. In addition, increasing application scope in pharmaceutical and medical industry is another factor estimated to fuel growth of the target market in terms of revenue in the next coming years.

Moreover, increasing adoption of BoPET films, owing to its unique properties such as high tensile strength, chemical and dimensional stability, reflectivity, barrier properties, and electrical insulation, is a dynamic factor anticipated to propel growth of the target market over the forecast period.

However, stringent rules and regulations pertaining to environment is a key factor may hamper demand for polyfilm and restrain growth of the target market over the forecast period. In addition, difficulty in recycling of polymeric material is another factor restraining growth of the target market during the forecast period.

Technological advancements to improve shelf life of BoPP and BoPET films and growing demand for bio-based polyfilms, are dynamic factors expected to create a lucrative opportunity for growth of the global polyfilm market over the forecast period.

Segment Analysis

On the basis of resin type, the linear low density polyethylene (LLDPE) segment is accounted for major share in the target market. This can be attributed to increasing demand for various applications in packaging, agriculture, food, and textiles industries, etc. On the basis of end-use industry, the packaging segment is estimated to register a highest growth rate in terms of revenue in the next coming years.

Region Analysis

The polyfilm market in the Asia Pacific accounted for major share in terms of value and volume in the global polyfilm market and is expected to grow significantly over the forecast period. This can be attributed to the presence of major key players in India and growing demand for bio-based polyfilms, technological developments in agriculture, etc.

The market in China is anticipated to register for a significant share in terms of revenue in the Asia Pacific market. Rising demand from various end-use industries such as food and beverages, and textile, is also expected to bolster the growth of the target market in the countries in the region. The poly film market in Europe is estimated to register a significant growth rate in terms of revenue in the global polyfilm market, followed by North America.

Global Polyfilm Market Segmentation:

Segmentation based on Resin Type:

• Low Density Polyethylene (LDPE)
• Linear Low Density Polyethylene (LLDPE)
• High Density Polyethylene (HDPE)
• Biaxially-oriented Polypropylene (BoPP)
• Cast Polypropylene (CPP)
• Polyvinyl Chloride (PVC)
• Biaxially-oriented Polyethylene Terephthalate (BoPET)
• Biaxially-oriented Polyamide (BoPA)
• Others (Polypropylene (PP), Polyethylene Terephthalate (PET), and Polystyrene)

Segmentation based on End-use Industry:

• Packaging
• Agriculture
• Building & Construction
• Consumer Goods
• Medical
• Others (Paints & Coating and Textile)

Segmentation based on Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa