The 20th century marked the beginning of the plastic era, shifting away from natural materials for various products. Plastic has become an integral part of modern life, with pervasive use in diverse applications.
Recent packaging trends indicate a preference for lightweight, flexible, and transparent materials over heavy, rigid, and opaque options. In this context, Polyolefin (POF) films have gained prominence as they align perfectly with these evolving consumer preferences.
POF films are renowned for their flexibility, lightweight nature, and transparency. They belong to the category of plastics derived from the polymerization of monomers. POF films find extensive use as stretch films, shrink films, and more, with polyethylene (PE) being the most commonly employed type. Low Density Polyethylene (LDPE) and Linear-Low Density Polyethylene (LLDPE) are popular variants of PE used in POF films.
These versatile films are applied across a wide spectrum of industries, including food and beverages, agriculture, cosmetics, and industrial packaging. The film thickness varies from mere microns to thicker sheets, allowing them to wrap a diverse range of products, from fruits and vegetables like cabbage and cauliflower to processed foods like pizza and meat, as well as bakery items and other consumer goods. Polyolefin films have established themselves as a pivotal solution in the dynamic world of packaging.
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The Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Polyolefin Films
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Polyolefin Films Industry . Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Polyolefin Films Market Takeaways and Projections
- The U.S. is expected to lead the North America Polyolefin Films Industry , projecting the fastest growth in the region between 2018 and 2028
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2028.
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Report Benefits & Key Questions Answered
- Historical Market Analysis: The detailed survey by FMI, examines key factors in the Polyolefin Films Industry that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Polyolefin Films Industry for the forecast period 2018-2028.
- Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Polyolefin Films for the assessment period. As per the study, the demand for Polyolefin Films will grow at a robust CAGR between 2018 and 2028.
- Market Trend Analysis: The latest study by FMI on the Polyolefin Films Industry offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Polyolefin Films Industry. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
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The report covers exhaust analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
The regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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