Overview and Scope
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.
Sizing and Forecast
The polyethylene lamination films market size has grown strongly in recent years. It will grow from $1.31 billion in 2023 to $1.39 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to packaging industry evolution, rise in flexible packaging demand, consumer preferences for lightweight packaging, cost-effectiveness, barrier properties..
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..
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Segmentation & Regional Insights
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
Asia-Pacific was the largest region in the polyethylene lamination films market share in 2023. The regions covered in the polyethylene lamination films market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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.
The polyethylene lamination films market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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