Global Polyfilm Market, By Resin Type (Polyethylene (PE), Polyethylene Tetraphlate (PET), Polypropylene (PP), Cast Polypropylene (CPP), Polyvinyl Chloride (PVC), Biaxially-Oriented Resins, Others), Type (Stretch Film, Shrink Film), Processing (Blow Molding, Casting), Texture (Transparent, Opaque), End-User (Packaging, Agriculture, Building and Construction, Consumer Goods, Medical, Others) – Industry Trends and Forecast to 2030.
Polyfilm Market Analysis and Size
The growth of the polyfilm market is highly dependent on growing demand for polyfilms for several applications such as medical applications, food packaging and others. Biaxially oriented polypropylene films polyfilms are projected to witness a significant rise in demand because they are being progressively used in food packaging applications and are replacing cellophane owing to their low costs and favourable characteristics over the forecast period.
Data Bridge Market Research analyses that the polyfilm market is expected to reach USD 189.55 billion by 2030, which is USD 131.77 billion in 2022, registering a CAGR of 4.65% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Polyfilm Market Scope and Segmentation
2023 - 2030
2021 (Customizable to 2015 - 2020)
Revenue in USD Billion, Volumes in Units, Pricing in USD
Resin Type (Polyethylene (PE), Polyethylene Tetraphlate (PET), Polypropylene (PP), Cast Polypropylene (CPP), Polyvinyl Chloride (PVC), Biaxially-Oriented Resins, Others), Type (Stretch Film, Shrink Film), Processing (Blow Molding, Casting), Texture (Transparent, Opaque), End-User (Packaging, Agriculture, Building and Construction, Consumer Goods, Medical, Others)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
Jindal Poly Films (U.S.), Polyvinyl Films, Inc (U.S.), Formosa Plastics Corporation (Taiwan), Uflex Limited (India), SRF Limited (India), Cosmo Films Ltd (U.S.), Taghleef Industries SL (U.S.), POLYPLEX (India), POLIFILM Group (Germany), CHIRIPAL POLY FILM (India), GARWARE HI-TECH FILMS LIMITED (India), Max Speciality Films Limited (MSFL) (India), Specialty Polyfilms India Pvt. Ltd. (India), Treofan Group (Germany), GTS Flexible Materials (U.K.), Steinerfilm, Inc. (U.S.)
Polyfilm is also called polyethylene film. These films are composed of complex and simple materials of different features, serving different purposes. In the fabric, garment, sewn goods, apparel and other related industries, poly films are used to protect goods from dust, moisture and dirt during shipment.
Polyfilm Market Dynamics
- Low cost and high impact resistance
Polyfilms are available in almost every sizes, shapes and materials and are much easy to adapt for numerous application, this versatility of polyfilms is making them perfect and more popular in numerous industry verticals. Polyfilms are low cost and lightweight compared to other substitutes, which also favours their adoption in different applications. Polyfilms possess excellent impact resistance qualities and are highly flexible, makingpossess excellent impact resistance qualities and are highly flexible, making them perfect for packaging applications. Polyfilms are being used for transportation of consumer electronics and secure packaging that are anticipated to witness high demand during the forecast period.
- Increasing usage of polyfilms in several end-use industries
Construction activities have augmented globally and are projected to follow a similar trend during the forecast period as well. Along with the construction sector, the usage of polyfilms has augmented in numerous other industries such as pharmaceutical, packaging, agriculture and others and this is expected to drive the sales of polyfilms in the coming years. Moreover, the packaging industry is also projected to propel the shipments of polyfilms owing to the increasing sales of numerous products.
- Growing demand of polyfilm in pharmaceutical industry
Rising focus on healthcare is highly expected to propel the consumption of medical flexible packaging all over the globe in the upcoming years. Growing sales of pharmaceuticals are expected to increase the consumption of polyfilm for packaging due to their low costs and assured protection quality.
Moreover, pharmaceutical sector has huge necessities for these packaging solutions in terms of cost-effectiveness, high levels of protection, insulation from the outside environment and ease of handling. Thus, these packaging films are widely used in the pharmaceutical sector and are expected to boost the market's growth rate.
- Stringent regulatory laws for environment conservation
Sustainability has become a trend on a large scale. To attain sustainability, governments are enforcing new eco-friendly regulations all over the globe that prevent further environmental degradation. Sales of polyethylene (PE) polyfilms are expected to witness a declinein the market globally. These mandates are banning the usage of products that are difficult to recycle and since recycling polyfilms is a major challenge for manufacturers it is anticipated to have a negative impact on overall market over the forecast period.
This polyfilm market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the polyfilm market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
- In 2022, Jindal Polyfilms, a manufacturer of films based in India, announced that it had signed a contract to sell off 25 percent stake in its packaging film business to Brookfield Asset Management.
Global Polyfilm Market Scope
The polyfilm market is segmented on the basis of resin type, type, processing, texture and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Polyethylene (PE)
- Polyethylene Tetraphlate (PET)
- Polypropylene (PP)
- Cast Polypropylene (CPP)
- Polyvinyl Chloride (PVC)
- Biaxially-Oriented Resins
- Stretch Film
- Shrink Film
- Blow Molding
- Building and Construction
- Consumer Goods
Polyfilm Market Regional Analysis/Insights
The polyfilm market is analyzed and market size insights and trends are provided by country, resin type, type, processing, texture and end-user as referenced above.
The countries covered in the polyfilm market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to dominate the polyfilm market owing to the rise in the applications of polyfilms in pharmaceutical and medical industries and increase in the demand of polyfilm for numerous applications in this region.
North America is expected to be the fastest developing region during the forecast period of 2023-2030 owing to the growing retail sales and augmented usage of polyfilm in the region's industries.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polyfilm Market Share Analysis
The polyfilm market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to polyfilm market.
Some of the major players operating in the polyfilm market are:
- Jindal Poly Films (U.S.)
- Polyvinyl Films, Inc (U.S.)
- Formosa Plastics Corporation (Taiwan)
- Uflex Limited (India)
- SRF Limited (India)
- Cosmo Films Ltd (U.S.)
- Taghleef Industries SL (U.S.)
- POLYPLEX (India)
- POLIFILM Group (Germany)
- CHIRIPAL POLY FILM (India)
- GARWARE HI-TECH FILMS LIMITED (India)
- Max Speciality Films Limited (MSFL) (India)
- Specialty Polyfilms India Pvt. Ltd. (India)
- Treofan Group (Germany)
- GTS Flexible Materials (U.K.)
- Steinerfilm, Inc. (U.S.)