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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.
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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.
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