Polyfilm Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Polyfilms have become an integral part of our daily lives. They are eco-friendly and can be safely used for food packaging. Due to their flexible nature, these films find application in many end-use industries.
On the basis of Resin type, the polyfilm market can be segmented into low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), High-density polyethylene (HDPE), biaxially oriented polypropylene film (BoPP), biaxially-oriented polyethylene terephthalate (BoPET), and biaxially oriented nylon film (BoPA)
The report presents a comprehensive overview of the various factors contributing to the expansion of the global polyfilm market. It also presents insights into challenges that the market could face over the forecast period. The prevailing trends in overall market operations are also studied in the report in detail.
There are a few factors that are giving impetus to the polyfilm market growth. They include technological developments in agriculture, rising demand for BoPET films, and increased usage of bio-based polymers. On the other hand, several European countries have stringent government and environmental regulations, limiting the growth of the polyfilm market.
In terms of end-use industry, the packaging and agriculture segment is anticipated to witness substantial growth. The increase in population has given a boost to the food packaging industry, thereby raising the demand for polyfilms. Due to their environment-friendly characteristics and long shelf life, polyfilms have an edge over other films in the market. Plus, the improving retail sector is pushing the demand for polyfilms. Besides this, the increasing usage of greenhouse films for increased crop yield is leading to a rise in the demand for polyfilms in the agriculture segment of the market. Polyfilms are also being widely used across beauty and personal care, food and beverages, tobacco, and hygiene industries.
Based on resin type, LLDPE is a key market segment. High mechanical strength, transparency, improved sealing property, glossy appearance, and low production cost are a few of the properties augmenting the demand for LLDPE. LLDPE also performs well when blended with other resins.
From a geographical standpoint, the global polyfilm market can be segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Asia Pacific accounts for a large share in the polyfilm market in terms of volume, owing to the fact that a majority of the polyfilm manufacturers are based in India.
China is another promising market for polyfilms in the Asia Pacific region. Companies are spending significant amounts in setting up manufacturing units in this country. Few factors such as increased health awareness, changing lifestyle, and long shelf life of the film is driving the growth of the market. Environment-friendly bio-based polyfilms are also quite popular in China; however due to their high cost, they are losing out to other cheaper alternatives available in the market.
The report profiles some of the prominent competitors operating in the polyfilm market. It also provides insights into the threats and opportunities that the companies are expected to witness in the coming years. The players in the global polyfilm market include Max Speciality Films, Formosa Plastics Corporation, Chiripal Polyfilm, Cosmo Films, Polyplex Corporation, Uflex Limited, Taghleef Industries, Vacmet India Pvt Limited, Garware Polyester, Jindal Polyfilm, and SRF Limited.
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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