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FMI, in its upcoming business report, elaborates the historical and current scenario of the global Polyolefin Films market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.
Crucial information and forecast statistics covered in the Polyolefin Films market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
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COVID-19 Impact Analysis on Polyolefin Films Market
The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Polyolefin Films market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.
Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Polyolefin Films market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Polyolefin Films market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Polyolefin films: Market Segmentation
The polyolefin films market is segmented on the basis of application, material and material properties. On the basis of application, the global polyolefin films market is segmented into food & beverages, agriculture, industrial & automobile, cosmetics and others. On the basis of material property these films are segmented into stretch films, shrink films and others. On the basis of material polyolefin films are segmented into LDPE films, LLDPE films and others.
Stretch film is wrapped around the load to provide stability in shipping. The film is stretched to 200-300% and it can be applied either by hand or machine. Stretch film property is to try and return to its original size, resulting in a tight and secure load for shipping. It also provides some protection from moisture, dust, pilferage, and improves material handling of the load inside factory.
Shrink film is generally used in bundling multiple products. The main purpose here is to protect individual products, often as retail packaging. The film is wrapped and sealed around the contents and when heat is applied, either by heat gun or a heat tunnel, the air is evacuated and the film shrinks tightly around the contents. Polyolefin films can be pre-printed to create an appealing retail package. The film can have higher shrinkage capability up to 20 to 30%
Polyolefin Films Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Polyolefin Films market. Competitive information detailed in the Polyolefin Films market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Polyolefin Films market report.
Key players covered in the report include:
- PMC Group, Inc., Asmaco Industries Limited, Yorkshire Packaging Systems, Vijay Packaging System, Om Polymers, Zhejiang Jiuteng Package Materials Co.Ltd., Traco Manufacturing, Inc., Folene Packaging LLC., Syfan Saad Co. (99) Ltd., Hi-Tech Plastics, Inc., Riverside Paper Co. Inc., Griff Paper and Film Inc., Bollore Inc.
Queries Solved in the Polyolefin Films Market Report
- What is the size of the overall POLYOLEFIN FILMS Market in the Packaging Industry and its segments?
- What are the key segments and sub-segments in the market?
- What are the key drivers, restraints, opportunities, and challenges of the POLYOLEFIN FILMS Market in the Packaging Industry, and how they are expected to impact the market?
- What are the attractive investment opportunities within the POLYOLEFIN FILMS Market in the Packaging Industry?
- What is the POLYOLEFIN FILMS Market in the Packaging Industry size at the regional and country-level?
- What are the key market players focusing on?
- What are the strategies for growth adopted by the key players in POLYOLEFIN FILMS Market in the Packaging Industry?
- What are the recent trends in POLYOLEFIN FILMS Market in the Packaging Industry? (M&A, partnerships, new product developments, expansions)?
- What are the challenges to the POLYOLEFIN FILMS Market in the growth of the Packaging Industry?
- What are the key market trends impacting the growth of the POLYOLEFIN FILMS Market in the Packaging Industry?
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Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Polyolefin Films market