Portland, OR, July 08, 2021 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global polyethylene films market generated $82.7 billion in 2019, and is projected to reach $117.3 billion by 2028, growing at a CAGR of 4.5% from 2021 to 2028.
Rise in adoption of polyethylene films in the food & beverages industry, surge in construction activities, and growth of the e-commerce sector drive the growth of the global polyethylene films market. However, sustainability trend toward use of paper packaging and use of non-biodegradable plastic hinder the market. On the contrary, product development of multi-layer films and development of eco-friendly polyethylene films are expected to open lucrative opportunities for the market players in the future.
Download Sample PDF (394 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/2972
Covid-19 scenario:
- The Covid-19 pandemic severely affected the global economies and changed consumer spending patterns across the globe.
- The end users of polyethylene films including construction, food & beverages, transportation, and automotive were negatively affected due to prolonged lockdown and gap in supply and demand.
- The temporary shutdown of construction and infrastructure activities amid the pandemic hampered the demand for polyethylene films.
The global polyethylene films market is divided on the basis of technology, type, material, application, and region.
Based on technology, the cast film extrusion segment held the lion’s share in 2019, accounting for more than two-thirds of the market. Moreover, the segment is expected to register the highest CAGR of 4.6% during the forecast period.
Request the Covid19 Impact Analysis @ https://www.alliedmarketresearch.com/request-for-customization/2972?reqfor=covid
On the basis of application, the food & beverages segment is estimated to portray the highest CAGR of 4.8% from 2021 to 2028. In addition, the segment held the largest share in 2019, contributing to nearly three-fifths of the market. The research also analyzes segments including agriculture, construction, household, and others.
The global polyethylene films market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific is projected to manifest the highest CAGR of 5.0% during the forecast period. Moreover, the region held the largest share in 2019, accounting for nearly half of the market.
The global polyethylene films market includes an in-depth analysis of the prime market players such as Berry Global Inc., Amcor Ltd., Klockner Pentaplast Group, Constantia Flexibles Group GmbH, Inteplast Group, Printpack Inc. RKW Group, Sumitomo Bakelite Co., Ltd., Sealed Air Corporation, and Toray Industries Inc.
Interested in Procuring this Report? Visit Here: https://www.alliedmarketresearch.com/polyethylene-film-market/purchase-options
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.