The global polyfilm market is estimated to reach USD 167.57 Billion by 2026, at a CAGR of 4.0% from 2016 to 2026. This report aims to estimate the market size and future growth potential of the polyfilm market across different segments such as resin type, end-use industry, and region. Factors influencing the market growth such as drivers, restraints, opportunities, and industry-specific challenges have been studied in the report. The report analyzes the opportunities in the market for stakeholders and presents the competitive landscape for the market leaders.
The top-down and bottom-up approaches have been used to estimate and validate the size of the global polyfilm market and estimate the sizes of various other dependent submarkets. The research study involved the use of extensive secondary sources, directories and databases, such as Hoovers, Bloomberg, Chemical Weekly, Factiva, and other government associations. Private & company websites have also been used to identify and collect information useful for the technical, market-oriented, and commercial study of the global polyfilm market. After arriving at the total market size, the overall market has been split into several segments and subsegments. The figure given below provides a breakdown of the primaries conducted during the research study, on the basis of company type, designation, and region.
To know about the assumptions considered for the study, download the pdf brochure
The raw material for polyfilm is derived from petroleum based resins, such as polyethylene, and polypropylene, among others or bio-based materials, including cellophane and cellulosic. These raw materials are extruded as per customer requirement or application. The finished products are then sent to different retail stores and OEM manufacturers.
The major manufacturers of raw materials such as polyethylene, are ExxonMobil Corporation (U.S.), LyondellBasell Industries N.V. (Netherlands), and Reliance Industries (India). Some of the prominent polyfilm manufacturers include Jindal Polyfilm (India), Cosmo Films (India), Formosa Plastics Corporation (Taiwan), and Taghleef Industries (UAE).
Key Target Audience:
- Polyfilm Manufacturers
- Polyfilm Distributors and Suppliers
- Government and Research Organizations
- Associations and Industrial Bodies
- Research and Consulting Firms
- Research & Development (R&D) Institutions
- Environment Support Agencies
- Raw Material Suppliers
Scope of the Report:
This research report categorizes the polyfilm market on the basis of resin type, application, and region.
On the basis of Resin Type:
On the basis of End-Use Industry:
- Building & Construction
- Consumer Goods
On the basis of Region:
- North America
- South America
- Middle East & Africa
The market is further analyzed for the key countries in each of these regions.
Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
The global polyfilm market is projected to reach USD 167.57 Billion by 2026, at a CAGR of 4.0% from 2016 to 2026. Polyfilm are used in end-use industries such as packaging, agriculture, consumer goods, medical, and others, including tapes & labels and automotive. The rising demand from these end-use industries is expected to fuel the growth of the polyfilm market in near future.
In terms of end-use industry, the packaging and agriculture segment are expected to witness significant growth. The demand of polyfilms is increasing in packaging, due to rise in the use in food packaging and improving retail market. Furthermore, there has been an increasing use of greenhouse films for increased crop yield, which has led to the growth of the agriculture segment of the market.
The largest market, by resin type is LLDPE. LLDPE is a preferred resin type, due to its properties such as high mechanical strength, transparency, glossy appearance, improved sealing property, and low production cost. LLDPE also performs well when blended with other resins.
In terms of volume, Asia-Pacific is the largest market, as most of the leading polyfilm manufacturers are located in India. Factors such as rising demand from food industry, technological developments in agriculture, increasing manufacturing units of BoPET and BoPP films to cater to various end-use industries have led to the growth of the polyfilm market in Asia-Pacific. China is one of the major markets for polyfilms, as various companies have made significant investments to set up manufacturing units in the country. Changing lifestyle, increased health awareness, long shelf life of the film has led to the rise in the demand for polyfilms in the China. There is a high demand for bio-based polyfilms. These bio-based films are environment-friendly; the only disadvantage of these films is their high cost.
Stringent environmental regulations, low demand from Europe, and decreasing demand of magnetic and photographic films may restrain the growth of the market.
The key players in the polyfilm market include Jindal Polyfilm (India), Formosa Plastics Corporation (Taiwan), Chiripal Polyfilm (India), Cosmo Films (India), Polyplex Corporation (India), Uflex Limited (India), Taghleef Industries (UAE), Vacmet India Pvt Limited (India), Garware Polyester (India), Max Speciality Films (India), and SRF Limited (India).