Global Polyfilm Market Insights, Size and Growth Forecast To 2027

 

Global poly films market is increasing due to its growing demand in various sectors such as agriculture, packaging, building & construction, consumer goods and medical. Global Poly films market expected to grow with a significant rate during the projected period,2020-2027, due to its application in every aspect of life as it is eco-friendly in nature, long shelf life, rich quality. Poly films are the polymer sheets made from the thermoplastics function as a better substitute for plastics. According to the World Bank, 111 million tons of plastic generated in 2019 across the globe, which is affecting the marine life as well as human life.

Poly film is the main application field of metallocene polyethylene. Poly films produced from metallocene polyethylene have advantages such as excellent toughness, tensile strength, impact resistance, and good puncture resistance, excellent optical properties and high light transmission, Low odor, and high reuse and recovery rate. The properties of the poly film, such as low initial heat-sealing temperature and high thermal bonding strength, are suitable for the manufacturing of high-speed packaging lines.

Moreover, the rise in demand for poly film in the packaging industry, owing to people's requirements for the functions and diversification of packaging materials, such as fresh-keeping films, gas, and light-blocking films, selective permeability films, antibacterial films, and printing films, which leads to growth of poly film market in the forecast period.

The polyethylene film market plays a vital role in the growth of the packaged food industry. Additionally, the upsurge in the application of poly films in heat-shrinkable packaging polyethylene films due to its properties such as heat resistance, tensile strength, heat shrinkage, and barrier properties than other polyethylene products, will further expand the global poly films market. Further, poly films mostly utilized in the curing of concrete in the construction industry. The poly films block the water vapor coming up from the ground underneath a building. 

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”


Resin Overview in the Global Poly film Market
Based on Resin, the global Poly films market classified into LLDPE, LDPE, HDPE, Bopp, CPP, PVC, BoPET, BoPA. Low-density markets, including LDPE (low-density polyethylene) and LLDPE (low-density polyethylene).  Among them, LLDPE expected to attain substantial demand in the forecast period from 2020-2027. Polymer growth is closely related to GDP growth because the consumption of commercial polymers is directly related to economic growth. During the forecast period, HDPE and LLDPE expected to grow at a significant rate owing to the importance of developing economies and the increase in low raw material supply, making it one of the fastest-growing thermoplastics.

End-Users Overview in the Global Poly film market
Based on End-users, the global Poly films market segmented into Agriculture, Packaging, Building & Construction, Consumer Goods, Medical. The agriculture segment is expected to boost the market growth in the future due to governmental banning plastic bags because of its non-biodegradable nature, also with increasing demand for fast food and online delivery of food. Moreover, the packaging sector in the poly films market is also expected to rise in the second position, due to the replacement of plastic packaging to polymer sheets which has dust, dirt, and moisture resistant properties. It can also hold a large volume of things in it without any fear of wear and tear of the bag. Thus, the demand for the agriculture sector will lead to the poly films market in the forecast period.

Regional Overview in the global Poly film Market
Based on geography, the global poly films market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific has captured the substantial poly films market in 2019 and expected to lead the market in 2020-2027 as well. Owing to this, the replacement of plastic with polymer has increased the consumption of poly films in the region. Additionally, changing the living standard of the people, government stringent rules towards adopting green has been deriving the market demand. Thus, the Asia Pacific region is gaining popularity and will continue to grow in the future as well.

Global Poly fim Market: Competitive Landscape
Companies such as Chiripal Poly Films, Cosmo Films, Formosa Plastics Corporation, Garware Polyester Limited, Jindal Poly Films Limited, Max Speciality Films Limited (MSFL), Polyplex Corporation Limited, SRF Limited, Taghleef Industries, Treofan Group, Uflex Limited, Vacmet India Private Limited, Barflex Polyfilms Pvt Ltd, Premier Polyfilm Limited, Polifilm Group, Flex Film Ltd., Specialty Polyfilms Pvt. Ltd, AMERICAN POLYFILM INC, Garware Polyester Ltd., Polyplex and others are the Prominent Players in the global poly films market.

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