The COVID-19 pandemic has caused severe impacts on the global economy at various levels and which can be seen on the Packaging industry as well. The thriving market of the packaging industry is expected to exhibit a steep decline in the sales during the lockdown period owing to the shutdown of the manufacturing units, acute shortage in the supply of raw materials and absence of potential manpower. It can be deduced from the current situations brought about by the pandemic that the production, and supply chain activities have experienced minor hurdles. However, the market is projected to gradually recover post-COVID-19, which will present attractive opportunities for sales across various regions of the world in the following years.
Future Market Insights (FMI) adopted a multidisciplinary approach during the pandemic-era to focus on the growth and development of the Polyolefin Films Market. The study features insights on the current growth dynamics and the major revenue reforms prevailing in the market as of 2020 along with the key takeaways over the forecast period 2021 to 2031.
The team of analysts at Future Business Insights are focussing on research and market study to produce different Polyolefin Films Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Polyolefin Films Market.
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Polyolefin films Market: Key players
Some of the players in the global polyolefin films market are 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.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and applications.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
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%
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Queries Solved
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?
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What are the recent trends in Polyolefin Films Market in the Packaging Industry? (M&A, partnerships, new product developments, expansions)?
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Market Background
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