According to IMF analysis, with the rapid expansion of the food and beverage industry and the growing demand for flexible packaging, the US LDPE and LLDPE sealing film market is expected to create a growth opportunity of 13.3 million by the end of 2032.
NEWARK, DE /ACCESSWIRE/September 16, 2022/ The global web films for LDPE and LLDPE sealants market is expected to reach a value of US$472.4 million in 2032, growing the market at a moderate CAGR of 4.2% over the forecast period 2022 to 2032. Valued at US$311.7 million in 2022, the LDPE and LLDPE web sealing film market is driven by its growing usage in various industry verticals such as food & beverage, pharmaceutical, electronics, textiles and cosmetics.
Low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE) sealing films have high sealing strengths and provide an excellent moisture barrier, helping to extend the shelf life of packaged goods. These films are widely used in many industries as packaging materials due to their rugged impact resistance and superior resistance to tearing and stress cracking. Due to this factor, the target market is estimated to facilitate an absolute growth opportunity of US$173.8 million during the forecast period.
With the adoption of an urban and hectic lifestyle, most consumers prefer products that suit their hectic lifestyle. Thus, frozen foods and packaged products are in high demand. The trend towards remote working and working from home has also led to an increase in the demand for ready-to-eat food products. As many people work from home, they want a quick alternative for their meals. Frozen food products can be consumed quickly. LDPE and LLDPE web sealing films are ideal for packaging an assortment of frozen foods as they provide excellent barrier properties and functional characteristics. This has a positive impact on the market outlook for LDPE and LLDPE sealing films.
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Moreover, with the rapid advancements in technology, the market for LDPE and LLDPE sealing films is also expected to flourish. Growing environmental concerns and sustainability efforts may induce a situation where restrictions may be imposed on the availability of multilayer films. As a result, many chemical industries and film manufacturers want to produce a technology to sort out the different materials of a multi-layer film that can be recycled separately. Hence, a huge opportunity for the LDPE & LLDPE Multilayer Web Films market has been created. This probably bodes well for the market over the forecast period.
“The protective properties and other functional characteristics of the product are likely to drive the growth of the LDPE and LLDPE web sealing films market over the forecast period,” says an IMF analyst.
Key points to remember:
- Increase in various packaging solutions to generate growth opportunities for the market.
- The United States is expected to lead the market growth over the forecast period.
- The LDPE and LLDPE web sealing film market will register a CAGR of 5.8% in India.
- By end use, the food sector is expected to account for 37% of the global market share.
Berry Global, Inc., Mitsui Chemicals Tohcello, Inc., Polyfilm Group, DIC Corporation, Avery Dennison Corporation, DuPont de Nemours, Inc., Plastic Suppliers, Inc., Winpak Ltd., ProAmpac LLC, Dai Nippon Printing Co., Ltd ., Toray Industries, Inc., Jindal Poly Films Ltd, INDEVCO Plastics, LLC, ePac Holdings, LLC. full version of the report.
Major players in the market focus on innovation, development and product launches. These companies engage in capacity expansion, modernization of production facilities and acquisition strategies to gain competitive advantage.
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More information about LDPE & LLDPE Sealant Web Films Market report
In its latest report, FMI offers an unbiased analysis of the global LDPE & LLDPE Sealant Web Films Market, providing historic data from 2013 to 2021 and forecast statistics from 2022 to 2032. To understand the potential, growth, and scope of the Global market, the market is segmented on the basis of material type (low density polyethylene (LDPE), linear low density polyethylene (LLDPE)), thickness (up to 45 microns, 46-60 microns, above 60 micron), application (flat pouches, standup pouches, bags and others), end use (food (baby food, pet food, sauces and sauces, bakery and confectionery, snacks, dairy products, ready foods consumer goods, other foods), beverages, pharmaceuticals, textiles, electrical and electronics, cosmetics and personal care, home care), and region.
According to the latest IMF reports, based on the region, the LDPE and LLDPE sealant web film market in the United States is expected to dominate the global space. The region is expected to create a market opportunity of US$13.3 million by the end of 2032. This growth is attributed to the rapidly changing food and beverage sector in the country. India, too, is expected to provide multiple lucrative opportunities for the LDPE and LLDPE web sealing film market owing to the booming e-commerce industry in the country.
Based on the segmentation, in terms of end user, the food sector is expected to dominate the global market space during the projected period.
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1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Material Type Roadmap Analysis
1.5. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Market context
3.1. Market dynamics
Explore FMI’s related ongoing packaging coverage
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