Global Polyethylene Films Market: Overview
The derived compounds of ethylene and polymers, polyethylene films are mostly utilized in the plastic industry, which is likely to play an important role in driving the growth of the global polyethylene films market.
These films are made from complex polymers and are opaque, transparent, fireproof, inflammable, and rigid product. The characteristics of polyethylene can be categorized into thermal, optical, electrical, compound, and mechanical. Growth of the packaged food industry is estimated to play an important role in the expansion of the global polyethylene films market in the years to come.
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Polyethylene films find wide application in the construction industry where it is used in the curing of concrete. These films help in the blocking of water vapor that moves up from the ground beneath a building. These compounds are well adapted to the issue of curing tilt-up wall panels. Rising demand from the construction industry is likely to bolster growth of the global polyethylene films market in the years to come.
End user, material, packaging, and region are the four important parameters based on which the global polyethylene films market has been categorized. The main purpose of such categorization is to offer a clearer and detailed view of the global polyethylene films market.
Global Polyethylene Films Market: Notable Developments
One of the developments that offer a glimpse of the market dynamics about the global polyethylene films market is mentioned below:
- In July 2019, the US-based Berry Global Group, Inc. acquired the U.K.- based RPC Group plc. This strategic move creates one of the leading plastic packaging companies of the world and a global supplier of value added protective solutions.
Some of the prominent organizations in the global polyethylene films market include the below-mentioned:
- Exopac Holdings Corporation
- Saudi Basic Industries Corporation
- Berry Plastics Corporation
- Exopac Holdings Corporation
- Ampac Holdings
- Sealed Air Corporation.
Global Polyethylene Films Market: Key Trends
The global polyethylene films market is characterized by the presence of the following restraints, drivers, and opportunities.
High Demand form the Food and Beverage Industry to Propel Growth of the Market
Augmented demand from the packaging industry is likely to open up growth opportunities for the global polyethylene films market in the years. A rise in the per capita income is generating high demand for packaged food and beverages, which is then likely to drive the demand for polyethylene films.
These films provide protection against microorganisms and helps in keeping the food item hygienic and intact. In addition, innovation in the food packaging sector to cater to the need of rising customer demands is predicted to drive the demand for polyethylene films in the years to come. High demand for lightweight yet strong packaging solution is likely to support growth of the global polyethylene films market. These films are used in place of metals and glass and provide the same amount of strength to the product packaging but a much cheaper rate.
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Global Polyethylene Films Market: Geographical Analysis
In the global polyethylene films market, Asia Pacific is predicted to dominate the market throughout the tenure of assessment. Burgeoning demand for these films from the thriving food and beverage industry in the region is likely to support expansion of the polyethylene films market in Asia Pacific.
In addition, both North America and Europe are likely to register health growth over the period of assessment, thanks to the augmented activities in the construction industry, In addition, increased demand from the food and beverage item is also expected to drive the demand for the product in the regions.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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