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Polyfilm Market 2020 Current Trends, Growth Prospects, Applications, Market Drivers, Competitive Landscape & Geographical Analysis till 2025

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Thomas Hinds
Polyfilm Market 2020 Current Trends, Growth Prospects, Applications, Market Drivers, Competitive Landscape & Geographical Analysis till 2025

Polyfilm is a thin plastic material which is composed of complex and simple materials comprising of various properties to serve multiple purposes. It is used in several applications including packaging, labels, building construction, plastic bags, electrical fabrication, and landscaping. It is used to prevent dirt, moisture, and dust. Polyfilms are further used for cover equipment, walls, lumber, machinery, and scaffolding.

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Polyfilms are made up of multiple resins which include BoPA, BOEPT, PVC, CPP, LLDPE, HDPE, and others to match application for various purposes. For instance, PVC films are used for packaging material as they are gas permeable. Further, LDPE films are used for food packaging as it could provide good gas barrier properties. The multiple application of the product along with its adaptability to blend with various resins to offer diverse properties is anticipated to stimulate the industry growth.

Rising demand for packaged food is driving the industry growth

Improving food-packaging techniques along with ongoing technological developments across agriculture structure through the greenhouse films have significantly contributed toward the growth of polyfilm industry. Rising government subsidies coupled with recent advancements across crop cultivation in developing economies have substantially up scaled the application of greenhouse films. Over the years, the industry has witnessed upsurge in the demand for BoPP and BoPET based owing to its rising application for food and other packaging. Furthermore, improved durability, packaging flexibility, light weight, moisture resistance and inertness are some of the key features offered by polyfilm, which in turn will stimulate the industry landscape in the coming years.

Multiple characteristics of LLDPE to escalate its industry share

The linear low density polyethylene (LLDPE), across the resin type accounted for leading share across the industry. Growing demand for multiple applications in agriculture, textiles packaging, and food & beverage industries is fuelling the product adoption. Improved transparency, better sealing properties, high mechanical strength, low production cost, blending flexibility with different resins are some of the prime factors potentially impacting the industry growth. Growing application of the product owing to its ability to easily blend with multiple resins to exhibit various properties is complementing the business outlook. Furthermore, rising research and development activities to enhance its useful life in line with improved strength will escalate the product demand in the coming years.

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Asia-Pacific to dominate the regional share

The Asia Pacific region is analysed to hold significant share across the polyfilm market and is anticipated to witness grow at a substantial rate in the coming years. Growing presence of industry players across the region along with surging demand for bio-based polyfilms, and technological advancements in agriculture is driving the industry growth. The industry in China is expected to gain major share across the region on account of low manufacturing and labour cost. Ongoing upsurge across several end-use industries including textile, construction, consumer goods, and food & beverages will further contribute toward the product demand in the coming years.

Key Market Players

  • Jindal Polyfilm
  • Formosa Plastics Corporation
  • Chiripal Polyfilm
  • Cosmo Films
  • Polyplex Corporation
  • Uflex Limited
  • Taghleef Industries
  • Vacmet India Pvt Limited
  • Garware Polyester
  • Max Speciality Films
  • SRF Limited
  • Vacmet India Private Limited
  • Barflex Polyfilms Pvt Ltd.
  • Premier Polyfilm Limited
  • Polifilm Group
  • Flex Film Ltd.
  • Specialty Polyfilms Pvt. Ltd.
  • American Polyfilm, Inc.
  • Others

Market Segments: Polyfilm Market

By Resin Type:

Linear Low Density Polyethylene (LLDPE)

Low Density Polyethylene (LDPE)

Biaxially-oriented Polypropylene (BoPP)

High Density Polyethylene (HDPE)

Polyvinyl Chloride (PVC)

Cast Polypropylene (CPP)

Biaxially-oriented Polyamide (BoPA)

Biaxially-oriented Polyethylene Terephthalate (BoPET)

Others

By End-User Industry:

Agriculture

Medical

Packaging

Consumer Goods

Building & Construction

Others

By Type:

Stretch Film

Shrink film

By Processing:

Blow Moulding

Casting

By Texture:

Transparent

Opaque

By Region

North America

US

Canada

Europe

Germany

France

UK

Russia

Asia Pacific

China

India

South Korea

Japan

South-East Asia

Middle East and Africa

Saudi Arabia

South America

Brazil

Key Sources

  • Industry Associations
  • Patent Websites
  • Company Annual Reports
  • Company Websites
  • Key industry leaders
  • Technology consultants
  • National Chemical Laboratory (NCL)
  • Plastic Industry Association (PLASTICS)
  • Plastics Europe, Research and Statistics group (PEMRG)
  • Asociación Nacional de Industrias del Plástico A.C. (ANIPAC)
  • Canadian Plastics Industry Association (CPIA)
  •   Others

Key Questions Answered

  • What are the key growth regions and countries?
  • What are the important types and technologies being used?
  • What are the market players doing, in terms of research and development?
  • Which are the new applications for this market?
  • What are the integrations happening?
  • What are the recent news, developments, mergers, or large value deals?

Key Stakeholders

  • Raw material suppliers
  • Part suppliers
  • Tier 1 suppliers
  • Regulatory Authorities
  • Research and Innovation Organizations
  • Technocrats
  • Suppliers and Distributors
  • Other Channel Partners
  • Quality Control Organizations
  • Environmental Authorities

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About Us

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code - Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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