During the projection period, co-extruded film sales are anticipated to increase on average at a CAGR of 5%. The market for co-extruded films is anticipated to reach US$ 7.27 billion in 2022 and US$ 11.85 billion by 2032.
Packaging has turned into a key constituent of present-day life because of the simplicity of transportation, logistics, and the slant of the buyer towards a wide utilization of bags. The rising demand for packaging items is fundamental because of its simple accessibility. Co-extruded films market has emerged as a dynamic industry for the packaging market owing to the light-sensitive nature of these films.
Co extruded films gives assurance to sensitive material from harm jolt such as dampness, oxygen, and dust, which can debase nature of items. This type of co extruded films packaging are reasonable substitutes for food and pharmaceutical packaging, to keep food and healthcare items secured, and develop time span of usability.
Co extruded films in flexible packaging are regularly used to guarantee item trustworthiness and keep up quality motel instance of water penetration dampness, oil, oxygen, smell, flavor, gas, and light.
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Market Dynamics
The global co extruded films market is principally determined by the famous properties of co extruded films, which thus is significantly increasing the demand for co extruded films in food and beverage industries. Another factor advancing the development of co extruded films market is that more than a single item can be packed together permitting large dispersion of the item.
Co extruded films are favored by brands keeping in mind the end goal to announce, advance and display the item. Consumer preferences has change the market structure coupled with supply side push to offer new and creative items for co extruded films and this trend is expected grow over the forecast period 2017-2025.
Owing to stringent norm regarding the usage of plastic films from regional government are hampering the growth for co extruded films market.
Regional Overview
The global Co extruded films market is segmented on the basis of region such as:
- North America
- Latin America
- Eastern Europe
- Western Europe
- APEJ
- Middle East & Africa
- Japan
Co extruded films market is having an upsurge growth potential over the forecast period of 2016-2024. North America region is the leading market for co extruded films and is fueling demand owing to advance technology. Europe region is also expected to witness a stagnant growth of co extruded films market for the forecasted period. Latin America would also have a presence in co extruded films market and is expected to grow at a noticeable rate.
Countries such as the UK, Germany, Italy and France are the top markets for co extruded films. There is an expectation that Asia-Pacific excluding Japan region would witness the highest growth over the forecast period for co extruded films market owing to increase in revenue contribution.
Co extruded films market in China and India is expected to be dominating the globe due to a substantial increase in the growth for the retail industry and technological advancement of these emerging economies.
The Middle East and Africa region are expected to have an anticipation of the growth of co extruded films market for GCC countries and South Africa. Japan is also expected to witness a significant increase in the growth of co extruded films market.
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Key Players
Some key players of co extruded films market are Winpak Ltd., Sealed Air Corp, Amcor Limited, Berry Plastics, 3M Company, Bemis Company, Inc., Huhtamäki Oyj, Ampac Holdings, LLC, Smurfit Kappa Group, Sonoco Products Company, etc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and applications.
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.
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Market Segmentation:
Based on the type of material type,
- PE
- PP
- EVOH
- PVDC
- PET
- PA
- Others
Based on the type of layer type,
- 3 layer
- 5 layer
- 7 layer
- 9 layer
Based on end use industries,
- Food & Beverage
- Pharmaceuticals
- Healthcare
- Dairy
- Others
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