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Global PE Films Market to Grow at a CAGR of 3.75% between 2022 and 2027.

According to a new report by EMR titled, 'Global PE Films Market Report and Forecast 2022-2027', the global PE films market reached a volume of almost 55.8 million metric tons in 2020. The market is further expected to grow at a CAGR of 3.75% in the forecast period of 2022-2027 to attain approximately 69.6 million metric tons by 2026.

The global PE films market is supported by the rapid growth of the Asia Pacific market, which is driven by an increase in the end-user demand, particularly from the food and beverage sector. Globally, the market is being aided by the growing consumption of PE films by the fast-moving consumer goods (FMCG) in the packaged food industry. The market is witnessing rapid innovations, for example, down gauged films, which is a cost-effective and nature-friendly product.

Amcor plc (NYSE: AMCR) and RKW Group are the major players in the global PE films market. In February 2020, Amcor plc launched Genesis, which is a new in-store recyclable laminate solution. With the introduction of Genesis, the company is taking a leap ahead of the existing flexible packaging for several consumer goods. The new laminate offering has in-store recyclability and maintains high performance. Genesis is made of an innovative PE formulation and achieves new levels of clarity, stiffness, and gloss near to those of oPP/PE and its laminations. This product is, in a real sense, an in-store recyclable alternative for brand owners and retailers. Such product launches are expected to influence the market positively, especially as consumers are increasingly becoming more eco-conscious.

Market Analysis by End Use and Region:

  • The PE films market, on the basis of end-use, is divided into food and beverages, pharmaceuticals, consumer goods, and industrial sectors, among others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global PE films market is driven by the increase in the consumption of stretch and shrink films. 
  • The films have extensive use in packaging, as well as non-packaging applications, due to its physical properties, such as stress, durability, and tear strength, among others, further aiding the market growth.
  • The increasing urbanisation and rising disposable income of the middle-class population are propelling the market growth.
  • The rising demand for food, beverages, and consumer goods in the emerging regions is enhancing the market demand for PE films.
  • The manufacturing machineries and production process are fuelled by technological innovations, further providing an added advantage against the competing packaging counterpart.

Key Offerings of the Report:

  • The EMR report gives an overview of the global PE films market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the end-uses and regional markets of the PE films. 
  • It gives an in-depth look at the regional price trends in the global PE films market for the periods (2017-2021) and (2022-2027).
  • It analyses the global trade data, looking into the value and volume of the significant importing as well as exporting countries.
  • The report also gives an overview of the feedstock market, looking into the applications, regional markets, prices, and trade data of polyethylene.

Amcor plc, Proampac Holdings Inc., Coveris Management GmbH, Berry Global Inc. and Klöckner Pentaplast Group, among others, are the key players in the global PE films market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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