Market Research Report Store Polyfilm Market Estimated to reach USD 167.57 bill
"Polyfilm Market Estimated to reach USD 167.57 billion by 2026, at a CAGR of 4.0% from 2016
to 2026 - Global Forecast to 2026" published in June 2017. It is a professional and in-depth
study.
Summary
Market Research Report Store announces a new report"Polyfilm Market"added to its
database.The global polyfilm market is estimated to reach USD 167.57 billion by 2026, at a CAGR of
4.0% from 2016 to 2026. Factors such as increasing demand for BoPET films, technological
developments in agriculture, and rising use of bio-based polymers are expected to fuel the growth of
the market in the coming years.
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“Packaging is projected to be the fastest-growing end-use industry segment of the polyfilm
market”
Packaging is projected to be the fastest-growing end-use industry segment during the forecast period.
The demand for packaged goods has increased with the increasing middle class in emerging countries.
Polyfilms are environment-friendly films with long shelf life, which has led to their increased demand
in the packaging industry. Polyfilms are widely used across food & beverage, tobacco, beauty &
personal care, tissue & hygiene industries.
“LLDPE is estimated to be the largest segment of the polyfilm market”
LLDPE has low manufacturing cost as compared to other resin types. LLDPE is widely used in flexible
packaging, as it is economical and easy to process. LLDPE is also combined with other resin types to
reduce the overall cost.
Breakup of primary interviews:
• By Company Type - Tier 1 – 56%, Tier 2 – 33%, and Others – 11%
• By Designation - C level – 18%, D level – 33%, and Others – 49%
• By Region - North America – 36%, Europe – 38%, Asia-Pacific – 8%, South America-8% and
Middle East & Africa-10%
The key players in the polyfilm market are Jindal Polyfilm (India), Formosa Plastics Corporation
(Taiwan), Chiripal Polyfilm (India), Cosmo Films (India), Polyplex Corporation (India), Uflex Limited