As per Future Market Insights (FMI), the global PE films market is projected to reach a valuation of US$ 79.2 Billion by 2032, with sales growing at a CAGR of 4.3% over the forecast period. PE films are cheap, flexible and versatile that gives them a competitive edge in the packaging industry.
As sustainability concerns continue to gain traction among consumers, businesses are responding by prioritizing eco-friendly alternatives in the production of PE films. This shift involves utilizing recyclable materials, promoting natural decomposition, and fostering compostability. With a growing demand for environmentally conscious products, companies investing in sustainable practices not only contribute to planetary health but also capitalize on market opportunities.
Stricter regulations aimed at reducing plastic waste further incentivize businesses to adopt eco-friendly measures. The recent expansion of Charter Next Generation’s GreenArrow range signifies the industry’s commitment to sustainability, offering a new line of cavitated polyethylene films to meet evolving consumer preferences and regulatory standards.
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Greenhouse coverings, low and medium tunnel covers, and soil mulching are some of the applications for PE films.
Besides this, PE films are widely used in the construction sector for several end use applications like vapour retarders, window films, flooring and countertop protection, and roofing. These sheets can be used to block off rooms, cover building components, and protect people from lead poisoning in some cases. The extensive applications of PE films in the food, beverages, construction and many other end use industries is augmenting the growth in the market.
“Increasing applications of PE films for the packaging of ready-to-eat meals, along with expansion of the ecommerce sector in emerging economies will continue fueling the growth in the market over the forecast period,” says an FMI analyst.
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Key Takeaways:
- By material, sales in the linear low density PE films segment will grow at a 3.6% CAGR over the forecast period.
- In terms of end use, demand in the food and beverage segment is anticipated grow by 1.6x during the assessment period.
- The U.S. will account for nearly 18.3% of the North America PE films market through 2032.
- Total sales in the India market will reach a valuation of US$ 7.3 Bn by 2032.
PE Films Market Landscape
Berry Global Group, Mondi Group, ProAmpac LLC, Amcor Plc, Sealed Air Corporation, Winpak Ltd, Huhtamaki Oyj, Glenroy, Inc., Plastissimo Film Co., Ltd., Bischof & Klein GmbH, Schur Flexibles Holding GesmbH, Klöckner Pentaplast, Grupo Plastilene S.A.S., Flexopack SA, Cosmo Films Ltd. are some of the key players in the PE films market.
PE films Market by Category
By Material:
- Low Density Polyethylene Films (LDPE)
- Linear Low Density Polyethylene Films (LLDPE)
- High Density Polyethylene Films (HDPE)
- Bio Polyethylene Films
By Thickness:
- Less than 50 Micron
- 50 to 100 Micron
- 101 to 200 Micron
- Above 200 Micron
By End-Use:
- Food & Beverages
- Personal Care & Cosmetics
- House Care
- Building & Construction
- Agriculture
- Electrical & Electronics
About Future Market Insights Inc. (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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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