Polyethylene Films Market by Technology (Blow Film Extrusion and Cast Film Extrusion), Type (Stretch Films and Shrink Films), Material (Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), and Linear Low-Density Polyethylene (LLDPE)), and Application (Food & Beverage, Agriculture, Construction, Household, and Others) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
The global polyethylene films market forecast was projected to reach USD 117.3 billion by 2028, growing at a CAGR of 4.5% from 2021 to 2028.
Polyethylene is a thermoplastic that possesses properties such flexibility, strength, toughness, easy to seal, and resistant to moisture. It is a plastic made from complex polymers, which leads to a rigid, inflammable, fireproof, transparent, and opaque product. Polyethylene films are used in food & beverage for various applications such as packaging of in-store products such as apples & potatoes, non-frozen baked products such as rolls & breads, and tray covers for delivery of baked food products due to its low melting point.
Rise in adoption of PE films in food & beverage, construction, agriculture, and household are some of the factors that have supported long-term expansion for Polyethylene Films Market.
The COVID-19 pandemic has negatively affected the global economy and is subsequently shrinking the GDP in global economies; thereby, changing consumer spending patterns globally.
The Asia-Pacific polyethylene films market size is projected to grow at the highest CAGR of 5.0% during the forecast period, and accounted for 45.8% of polyethylene films market share in 2019. Polyethylene sector in southeast Asia is having oversupply and demand due to large production rate.
Insights are provided for each region and major countries within the regions
Report Feature |
Descriptions |
---|---|
Growth Rate |
CAGR of 4.5% during the forecasting period, 2021-2028 |
Historical Data |
2018-2019 |
Forecast Years |
2021-2028 |
Base Year |
2020 |
Units Considered |
Revenue in USD billion and CAGR from 2021 to 2028 |
Report Segmentation |
application, type, material type, technology and region. |
Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
Companies Profiled |
Amcor plc, Berry Global, Inc., Toray Advanced Film Co Ltd, Oben Holding Group and Taghleef Industries |
Available Customization |
In addition to the market data for Polyethylene Films Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Polyethylene Films Market is segmented into application, type, material type, technology and region.