According to
a new market report published by Lucintel, the future of the polyolefin (POF)
film market looks promising with opportunities in the packaging, construction, and
agriculture industries. The global polyolefin (POF) film market is expected to
reach an estimated $125 billion by 2024 with a CAGR of 4.2% from 2019 to 2024.
The major drivers for this market are increasing demand for packaged food in
emerging nations and growth in oriented film.
In this
market, LLDPE (linear low-density polyethylene), LDPE (low-density
polyethylene), HDPE (high-density polyethylene), BOPP (bi-axially oriented
polypropylene), and CPP (cast polypropylene) films are used in packaging and
other applications. Lucintel forecasts that the LLDPE film will remain the
largest segment due to its superior properties, which include high flexibility,
higher tensile strength, and a high moisture barrier. The BOPP film is expected
to witness the highest growth over the forecast period due to increasing demand
in the food packaging industry specifically in tobacco packaging.
Within the
polyolefin film market, 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 are also expected to increase the demand for polyolefin film.
Emerging
trends, which have a direct impact on the dynamics of the polyolefin (POF) film
industry, include bio-based polyolefin film and development of nano-clay based
polyolefin film. Jindal Poly Films, Mitsui Chemicals Tocello, Toray,
Berry Plastics C, Toyobo, and Amcor Flexible are among the major manufacturers
of polyolefin film.
Lucintel, a leading
global strategic consulting and market research firm, has analyzed growth opportunities in the
global polyolefin (POF) film market by polymer, technology, film type, end use industry, and region. Lucintel has prepared a comprehensive research
report entitled “Growth
Opportunities in the Global Polyolefin (POF) Film Market 2019-2024: Trends,
Forecast, and Opportunity Analysis.” The
Lucintel report serves as a catalyst for growth strategy as it provides
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for the global polyolefin (POF) film market by polymer, technology, film type, end
use industry, and region as follows:
By End Use Industry [Volume (million tons) and
$M shipment analysis for 2013 – 2024]:
- Packaging
− Food
Packaging
− Other
Packaging
- Construction
- Agricultural
- Others
By Polymer Type [Volume (million tons) and $M
shipment analysis for 2013 – 2024]:
- Polyethylene
(PE)
−
LLDPE (Linear Low-Density Polyethylene)
−
LDPE (Low-Density Polyethylene)
−
HDPE (High-Density Polyethylene)
- Polypropylene
(PP)
−
BOPP (Bi-axially Oriented Polypropylene)
−
CPP (Cast Polypropylene)
By Technology [Volume (million tons) and $M
shipment analysis for 2013 – 2024]:
- Blown film extrusion
- Cast film extrusion
- Others
By Film Type [Volume (million tons) and $M
shipment analysis for 2013 – 2024]:
- Shrink Film
- Stretch Film
- Linear & Others
By Region [Volume (million tons) and $M shipment
analysis for 2013 – 2024]:
·
North
America
−
US
−
Canada
−
Mexico
·
Europe
−
Russia
−
Germany
−
United Kingdom
−
France
·
Asia Pacific
−
China
−
India
−
Japan
·
The Rest of the World
This
190-page 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 helpdesk@lucintel.com. Lucintel
offerings include chemical
market research reports, chemical
industry analysis report, commercial due diligence
report, business
strategy consulting and market
research reports online.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. We offer market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1 What are some of the most promising
potential, high-growth opportunities for the global electric polyolefin film
market by material (HDPE, LDPE, LLDPE, BOPP, CPP), technology (blown film
extrusion, cast film extrusion, and others) film type (shrink, stretch, and
linear film), end use industry (packaging, construction, agricultural, and
others), and by region (North America, Europe, Asia Pacific, and the Rest of
the World)?
Q. 2 Which segments will grow at a faster pace
and why?
Q.3 Which regions will grow at a faster pace
and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to
the market?
Q.6 What are emerging trends in this market
and the reasons behind them?
Q.7 What are some changing demands of
customers in the market?
Q.8 What are the new developments in the
market? Which companies are leading these developments?
Q.9 Who are the major players in this market?
What strategic initiatives are being implemented by key players for business
growth?
Q.10 What are some of the competitive products
and processes in this area and how big of a threat do they pose for loss of
market share via material or product substitution?
Q.11 What M & A activities have taken
place in the last 5 years in this market?
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