Lucintel Forecasts the Global Polyolefin Film Market to Reach $210 Billion by 2030
Lucintel Forecasts the Global Polyolefin Film Market to Reach $210 Billion by 2030
Blog Article
According to the recent study the global Polyolefin Film Market is projected to reach an estimated $210 billion by 2030 from $151 billion in 2023 at a CAGR of 5% from 2023 to 2030. Growth in this market is primarily driven by increasing demand for packaged food in emerging nations and growth in oriented films.
Browse 132 figures/charts and 102 tables in this 190-page report to understand trends, opportunities and forecast in polyolefin film market by polymer type (HDPE, LDPE, LLDPE, BOPP, CPP), technology (blown film extrusion, cast film extrusion, and others) film type (shrink film, stretch film, and others), end use industry (packaging, construction, agricultural, and others), and region (North America, Europe, APAC and the Rest of the World).
Lucintel forecasts that, the LLDPE film will remain the largest segment due to its superior properties such as high flexibility, higher tensile strength, and high moisture barrier. The BOPP segment is expected to witness the highest growth over the forecast period due to increasing demand in food packaging industry specifically in tobacco packaging.
Packaging will remain the largest end use industry and it is also expected to witness the highest growth over the forecast period due to the increasing demand in food and pharma packaging applications.
Asia Pacific will remain the largest region by value and volume and it is also expected to witness the highest growth over the forecast period because of easy availability of raw materials at economical price and skilled labors. Also, growth in food packaging market and construction activities is also expected to increase the demand for polyolefin films.
Jindal Poly Films, Mitsui Chemicals Tocello, Toray, Berry Plastics C, Toyobo, Amcor Flexible, Innovia Films, Vibac Group, Garware Polyester Limited, Uflex Limited are the major suppliers in the polyolefin film market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Roy Almaguer
Lucintel
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Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056