Axiom Market Research & Consulting™ added a report on global MDO Films market which includes study on material, manufacturing process, end use industry, application across various countries of key regions across the globe. The global MDO Films market was projected to grow at a CAGR of 4.03% for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) and volume (Tons) generated by the MDO Films market.
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The key factor such as demand for convenient packaging in food sector is stoking growth of MDO films owing to increasing interest from the consumer base for different packaged food. Besides, rising demand for higher shelf-life creating scope for expansion, improved cost efficiencies and packaging performance of mdo film is propelling the demand of market. In addition, booming healthcare and personal care industry is likely to contribute to the healthy growth of the market.
The report analyses the global MDO Films market based on material, manufacturing process, end use industry, application and geography. The material is segmented based on polypropylene (pp), high density polyethylene (hdpe), linear low density polyethylene (lldpe), linear density polyethylene (ldpe), polyamide (pa), ethyl vinyl alcohol (evoh), polyethylene terephthalate (pet) and other material. The market have manufacturing process including blown film and cast film. The major end use industry in MDO films market are food & beverages, healthcare, personal care, homecare, agriculture and other end user. The market find its application in bags & pouches, shrink labels, shrink wrap, agro textile, tapes, liners. The global MDO films market is studied across various key countries of regions such as, North America, Europe, Asia Pacific and Rest of the World.
The polypropylene (pp) material segment is projected to dominate in MDO films market during the forecast period
The rapid growth and demand for the polypropylene (pp) material is key driving factor accelerating the growth of market. In, addition, factors of material such as potential, flexible properties like transparency, low density, heat resistance, excellent resistance to moisture and steam barrier makes it highly acceptable in MDO films market and growing demand for packaging of different end use industry is boosting the growth of the market.
The blown film segment is anticipated to lead in the MDO films market during the projected period
The blown film manufacturing process is currently witnessing increasing demand in the MDO films market owing to rising demand for various packaging types from different industrial sector. In addition, demand for high production unit to produce high quality MDO films has accelerated the market growth.
In 2020, food & beverages end user industry accounted for the major market share
The food & beverages end use industry hold substantial share in the MDO films market attributing to increasing usage of MDO film for packaging and distribution of different food and beverages products. The demand for MDO films in food & beverages is owned to its low cost, easy of process ability, lightweight, chemical resistance and physical properties.
North America dominated MDO films market in 2020 and is expected to witness the fastest growth in upcoming years
North America is anticipated to dominate in the global MDO film market holding significant market share. The region has accelerating demand of MDO film market for the different end use industry. Further, low cost of packaging with exceptional properties of MDO film is boosting the regional growth. United States followed by Canada and Mexico is projected to be the fastest growing market due to increasing demand for MDO films in different end use products.
Key Players:
The key player in global MDO films market are Avery Dennison Corporation (US), Borealis AG (Austria), Davis-Standard, LLC (US), Futamura Chemical Co. Ltd (Japan), Klockner Pentaplast Group (UK), LA Plastpacks Pvt. Ltd (India), Lenzing Plastics GmbH & Co KG (Austria), NOWOFOL Kunststoffprodukte GmbH & Co. KG (Germany), Polysack Plastic Industries Ltd (Israel), Trico Specialty Films LLC (US), Rani Group (Finland), Coveris (Austria), FLEXcon (US), Guangzhou Novel Packaging Inc (China) and Reliant Packaging Films Private Limited (India) among others.
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