Polyethylene Film Market Size to Cross $44.8 Billion Revenue by 2030

Polyethylene Film Market Snapshot

“The Global Polyethylene Film Market is expected to grow rapidly at a 3.9% CAGR consequently, it will grow from its existing size of from $32.87 billion in 2023 to $44.8 Billion by 2030.”

What is polyethylene film?

Polyethylene film (PE) is a plastic film made from ethylene, a hydrocarbon extracted from natural gas or petroleum. PE film has many uses and thus a variety of names, including plastic sheeting, polyethylene sheet, poly sheeting, and poly film. Polyethylene is the most common plastic used in the world today, with over 100 million tons of PE resin produced every year. PE accounts for approximately 34 percent of all plastic produced globally.

What are the uses of polyethylene film?

Since PE film is light extremely flexible, and offers protection properties, is fairly inexpensive to manufacture and can be molded to form solid, crystal shapes so it's not surprising that it's used in a myriad of uses. It's actually the most utilized plastic in the world. Here are some of the uses made by polyethylene films:

• To manufacture:
• bags, bottles, and other plastic items
• toys
• pipes and tubes
• Packaging and wrapping materials
• Labels
• To safeguard machinery and equipment
• To protect and cover surfaces

Demand Outlook

The polymerization of ethylene creates polyethylene, very strong, lightweight and water-resistant plastic. It has a wide range of applications including shopping bags, to packaging polyethylene films are among the most popular films in the world.

As compared to other types of film for packaging, polyethylene has an impressively higher strength to weight ratio, which makes them the best option. In addition, the lightness of polyethylene films can contribute to the reduction of overall weight. Polyethylene films can meet the demands of the market due to their capability to work with different barrier layers.

The package is protected by polyethylene films to protect it from dust, oxygen, moisture and bacterial. In addition, colored polyethylene film assist in protecting the product from the sun's. It's advantageous for manufacturers and users to to print information on polyethylene films. Polyethylene films have many advantages that enhance the aesthetic appeal of the product by the use of various colors, patterns, and designs. In general, the market for polyethylene film is expected to expand dramatically between 2023 between 2023 and 2030.

Polythene films are produced by combining ethylene and polymers. They are mostly used for the production of plastics. Complex polymers produce tough, inflammable and fireproof, transparent and opaque polythene. The market for polythene film is vital to growing the food packaging sector.

Food is kept for longer durations using polythene films, which helps keep food safe and secure by protecting against bacteria.These components are expected to drive demand for polythene films within the beverage and food industries. The e-commerce sector has increased significantly in recent years and are accelerating the global market for polyethylene films.

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Polyethylene Film Market Dynamics

How can the growing demand in Eco Friendly Packaging Enhance the sales in the Polyethylene Films Market?

The increasing demand for eco-friendly packaging is driving sales of PE films as both buyers and producers seek out more sustainable alternatives. PE's recycling capabilities, its lightweight and durability, as well as its barrier properties, as well as regulatory backing makes it a desirable choice for environmentally friendly packaging.

PE is recyclable and is a great material to create eco-friendly bags and packaging products. The growing demand for eco green packaging is driving growth of PE film.

All governments around all over the world are making regulations to limit the use of plastic single-use bags, and to promote the use of environmentally friendly packaging. This is having an increase in the market for PE films and more companies are shifting to environmentally friendly packaging materials like PE.

People are becoming more conscious about the environmental impacts on packaging, and they are seeking environmentally friendly alternatives. This is driving demand for PE-based packaging that is viewed as the most sustainable choice compared to other packaging materials.

How the Expansion of Plasticulture Offering Profitable Growth Endeavors Across Agricultural Industry?

It is imperative to boost crop production and improve the quality of raw food because of the growing populations and consumption of food. Because of their low ecological footprint, the usage of packaging films, such as polyethylene films for agriculture is growing rapidly.

The rising demand for nutritious food and a growing focus on agricultural technology is a major reason for the introduction the use of films made from polyethylene. Through the use of packaging films for agriculture it is possible to grow crops without water or in areas that are deserted. Polyethylene films, which are used in packaging, are used to protect against using pesticides as well as insects by ensuring that crops are kept in protected systems.

When it comes to greenhouses Polyethylene films provide ideal conditions for plants to grow. They shield plants from harmful UV rays as well as maintain the temperature inside which is beneficial to increase manufacturing of organic substances. Polyethylene films can also be employed in the form mulch and tunnels, based on the kind of plant. They also provide lucrative opportunities for growth to polyethylene film producers by focusing on the innovative agriculture sector.

Polyethylene Film Market Segment Analysis

What is the reason Bio Polyethylene Film among PE Films anticipated to witness the steady demand in the market?

This segment of bio-polyethylene is expected to record a CAGR of 4.3 percent in the forecast time. Bio polyethylene film is a kind of polyethylene film which is produced using renewable resources like sugarcane, instead using fossil fuels. This makes it a sought-after choice for producers and consumers who want to cut down their carbon footprint as well as offer eco-friendly packaging options. This has resulted in an rise in the demand for these films particularly from companies seeking to minimize their impact on the environment.

Bio PE films share similar characteristics like conventional PE films, like strong tensile force, high tear strength and elasticity. They are suitable for various applications, such as bags and pouches, lidding liners and liners films, sachets, stick packs, among other things. They are seeking to minimize their environmental footprint and increase their bottom line. As a result, the demand for bio-PE film will likely to increase.

Why Polyethylene Films Will Remain the Most Preferred by Bags & Pouches Manufactures?

The segment of bags and pouches is predicted to comprise approximately 46 percent from the total market share by 2030. Polyethylene bags and pouches are highly sought-after for a variety of applications, such as beverages and food as well as healthcare, cosmetics and personal care, among others. The rising demand for these products is the reason for the increased production of PE bags and pouches.

The PE bags and pouches can be made in a range of shapes, sizes and thicknesses, which makes them ideal for a broad array of applications. They are resistant to moisture which protects the contents from damage and loss. Polyethylene bags and pouches are compact and lightweight which makes them simple to carry around and to store. Polyethylene bags and pouches provide the advantages of cost-effectiveness and environmental sustainability, making the ideal choice for both manufacturers and customers.

Which End Use Industry will add Substantial Traction to Polyethylene Films?

The industry of food and beverages is predicted to bring significant growth in the market of polyethylene (PE) markets for films. PE films are extensively used for packaging various beverages and food items including raw produce, processing food items as well as snacks and confectionery due to their superior properties in vapor and moisture barrier in addition to their transparency and long-lasting properties. The increasing demands for flexible and practical food packaging, fueled by the expansion of the rapidly-moving consumer products (FMCG) industry is anticipated to drive the demand for PE films.

In addition, the growing demand for sustainable packaging options, and the increasing usage of PE films for packaging perishable food items is predicted to propel expansion in the PE film industry for food packaging. The segment of food and beverages is expected to expand by 1.5 times the current market value from 2023-2030.

Competitive Landscape of the Polyethylene Film Market

• Sphere Group
• Glenroy, Inc.
• Plastissimo Film Co., Ltd.
• Schur Flexibles Holding GesmbH
• Armando Alvarez Group
• Trioplast Industries
• Superfilm Packaging Industies
• Eiffel S.P.A.
• GRANITOL Akciová Spolecnost
• Manucor S.P.A.
• Vibac Group S.P.A.
• Groupe Barbier Plastic Soplutions
• Taghleef Industries
• Papier-Mettler Kunststoffe KG Company
• CS Hyde Company
• Singhal Industries Pvt Ltd
• Interstate Plastics
• Plastic Film Corporation
• Rutan Poly Industries, Inc.
• Innovia Films Limited
• Jindal Poly Films Limited
• Tilak Polypack Pvt Ltd
• Fluoro-Plastics Inc.
• Berry Global Group
• Mondi plc
• Amcor plc
• Sealed Air Corporation
• Huthamaki Oyj
• Winpak Ltd.
• ProAmpac LLC
• Amcor, Inc
• PolymerShapes LLC
• Nitto Denko Corporation

Recent Developments in Polyethylene Film Market

In July 2022, Nitto Denko Corporation completed the acquisition of all shares of four of Mondi’s companies. The companies are continuing as a new organization named “Advanced Film Solutions Division”, carrying on the personal care business and its business with its subsidiaries.

In June 2022, Constantia Flexibles and Plasthill Technical Films, a Dutch Oerlemans Packaging Group company, partnered to bring Constantia Flexibles' proprietary technology, CompresSeal, to the market in Europe.

In June 2022, For the fifth time in a row, Constantia Flexibles received a Gold certification in the EcoVadis company sustainability rating. While the performance in the environment component climbed to 80 points, the overall score increased to 73. The packaging manufacturer continues to rank in the top 2% of all businesses for sustainability accomplishments over the previous year.

In March 2022, Manucor released a new film in their transparent film portfolio. The new film is polyethylene film that will be used for food product packaging.

In March 2022, Glenroy, Inc. announced the expansion of its capacity by investing in additional adhesive lamination capacity to address increase in demand for sustainable flexible packaging.

In March 2022, Schur Flexibles Group GmbH developed antibacterial coatings on films for better food safety after COVID-19.

In April 2021, Berry Global Group announced an investment of more than $70 million to support continued growth in consumer packaging films for e-commerce and other applications. The investment supports new multi-layer blown film lines & others

Polyethylene Film Market Regional Insights

What Drives the Demand for Polyethylene Films in the USA?

The USA is predicted to hold approximately 84 percent of North American polyethylene films market at the end of 2023. This USA flexibility packaging market is flourishing and growing, according to the Flexible Packaging Association (FPA). It is the food (retail as well as institutional) market is responsible for about 52% of all exports, is the biggest marketplace for the flexible packaging industry in the United States. The increasing use of flexible packaging as well as the expanding food industry in the USA drive demand for polyethylene films.

What are the implications of do you think the German Food & Beverage Industry has shaped what will be the Polyethylene Films Market Growth?

It is estimated that the German marketplace for polyethylene film is predicted to expand by 1.6 the current market value in the forecast time. According to Germany Trade and Invest (GTAI) The sector of food and beverages is fourth largest sector in Germany. Additionally, Germany is the third-largest exporter and importer of agricultural and food items. In light of these facts, the need for flexible packaging such as polyethylene films is expected to grow in Germany.

What are the reasons India being predicted to increase the sales of Polyethylene Films?

The market for polyethylene films in India is predicted to grow at a rate of 5.7 percent from 2023 until 2033 because of the rising demand for Flexible plastic containers in India. Based on the Federation of Indian Chambers of Commerce & Industry It is proven that the consumption per person of polyethylene in the year 2016 was approximately 12 kilograms. It was estimated to reach 20 kgs by the time 2022. The growing popularity of plastic in the people is predicted to boost the demand for plastic flexible packaging such as polyethylene films.

Country	USA
Market Share (2023)	18.0%
Market Share (2030)	16.0%
Country	China
Market Share (2023)	15.8%
Market Share (2030)	19%
Country	India
Market Share (2023)	6.5%
Market Share (2030)	8.5%
Country	Japan
Market Share (2023)	5.6%
Market Share (2030)	5.2%
Country	Germany
Market Share (2023)	4.2%
Market Share (2030)	4.05%

 

Segments Covered in the Polyethylene Film Market

Polyethylene Film Market By Material

• Low Density Polyethylene Films (LDPE)
• Linear Low Density Polyethylene Films (LLDPE)
• Medium Density Polyethylene Films (MDPE)
• High Density Polyethylene Films (HDPE)
• Bio Polyethylene Films

Polyethylene Film Market By Thickness

• Less than 50 Microns
• 50- 100 Micron
• 100-200 Micron
• Above 200 Micron

Polyethylene Film Market By Application

• Bags & Pouches
• Tubes
• Liners & Lidding Films
• Sachets & Stick Pack
• Tapes & Labels
• Wraps & Rolls

Polyethylene Film Market By End Use

• Food & Beverages
• Healthcare
• Cosmetics & Personal Care
• Homecare
• Electrical & Electronics
• Building & Construction
• Agriculture

Polyethylene Film Market By Region

• North America
• Latin America
• East Asia
• South Asia & Pacific
• Western Europe
• Eastern Europe
• Central Asia
• Russia & Belarus
• Balkan Countries
• Baltic Countries
• Middle East & Africa

Frequently Asked Questions

What is the polyethylene films market estimated to reach in 2023?

The Global Polyethylene Film Market is expected to grow rapidly at a 3.9% CAGR its existing size of $32.87 billion in 2023.

What is the global polyethylene films market valuation expected for 2033?

The global polyethylene films market valuation is expected to reach US$ 44.8 billion in 2030.

Which application segment will garner significant value share by 2023?

The bags & pouches segment of the global polyethylene films market is expected to garner a significant value share by 2023.

Which end use segment is predicted to expand rapidly between 2023 and 2033?

The food & beverage segment of the global polyethylene films market is predicted to expand rapidly between 2023 and 2030.