Press release
Polyethylene Lamination Films Market 2024-2033: Size, Share & Competitive Landscape Analysis
The polyethylene lamination films market size is expected to see strong growth in the next few years. It will grow to $1.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to increased focus on sustainable packaging, advancements in material science, e-commerce growth, regulatory compliance, increased demand for extended shelf life. Major trends in the forecast period include focus on extended shelf life, innovation in barrier films, demand for recyclable and compostable films, customization and printability features.
Market Overview -
Polyethylene lamination film is a laminated film made with polyethylene through co-extrusion technology. These films are mainly used for packing and wrapping pharmaceutical and food products.
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E-Commerce Boom Drives Polyethylene Lamination Films Market
The growing e-commerce sector is expected to propel the polyethylene lamination films market growth going forward. The e-commerce sector includes companies that are involved in buying and selling goods and services over the internet. The e-commerce products will be packed using polyethylene films, thereby, the growing e-commerce sector will propel the demand for polyethylene lamination films. For instance, in May 2021, according to the UN, an international organization that supports international peace and security, the global e-commerce sector increased from 16% to 19% in its share of global retail sales in 2020. Further, according to UNCTAD, an international organization that promotes world trade, the sales of e-commerce firm Shopify increased by 95.6% in 2019-20 to $120 billion in 2020-21. Therefore, the growing e-commerce sector is driving the growth of the polyethylene lamination films market.
Competitive Landscape -
Major companies operating in the polyethylene lamination films market report are Jindal Poly Films Limited, Constantia Flexibles Group GmbH, Cosmo Films Limited, Coveris Holdings SA, D&K Group, Film & Foil Solutions Ltd., Granitol AS, IG Industrial Plastics LLC, Mondi plc, Poligal SA, Schweitzer-Mauduit International Inc., Taghleef Industries LLC, Uflex Limited, Ultralen Film GmbH, The Dow Chemical Company, Polibak Plastik Film Sanayi ve Ticaret A.S., Sealed Air Corporation, 3M Company, Amcor Limited, American Profol Inc., Bemis Company Inc., Berry Global Inc., Flex Films Inc., Futamura Chemical Co. Ltd., Glenroy Inc., Innovia Films Ltd., Mitsubishi Chemical Corporation, Plastopil Hazorea Company Ltd., Polifilm Extrusion GmbH, Polyplex Corporation Limited, RKW Group, Schur Flexibles Group, Toray Plastics (America) Inc., Winpak Ltd.
Technological Advancements Drive Innovation In Polyethylene Lamination Films Market
Technological Advancements are a key trend gaining popularity in the polyethylene lamination films market. Major companies operating in the polyethylene lamination films market are focused on developing new technological solutions to strengthen their position. For instance, in February 2022, POLIFILM EXTRUSION, a Germany-based manufacturer of extrusion and protective films launched a new technology, the self-laminating polyethylene (PE) film. The film is expected to be activated by corona treatment and that does not require additional adhesive, raising the laminating films to the next level. The new development can be processed in 1 hour, additionally dispensing with the adhesive layer, recyclability of the laminate can be increased. This technology also eliminates the need for a laminating machine and has a sustainable effect.
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Key Segments -
The polyethylene lamination films market covered in this report is segmented -
1) By Type: Stretch Films, Shrink Films
2) By Material: Low Density Polyethylene (LDPE), High Density Polyethylene (HDPE), Bio Polyethylene Films, Medium Density Polyethylene Films (MDPE), Linear Low-Density Polyethylene (LDPE)
3) By Packaging Type: Bags, Bottles, Containers, Pouches, Tubes
4) By Application: Food and Beverages, Agriculture, Electronics, Personal Care and Cosmetics, Construction, Household, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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