Global Multi-Layer Blown Films Market is Estimated to Expand at a CAGR of 4.4% During The Forecast Period 2018-2026: TMR
APAC Region to Register Significant Growth In Multi-Layer Blown Film Consumption, During 2018-2026
Albany, New York, Sept. 12, 2018 (GLOBE NEWSWIRE) -- Transparency Market Research delivers key insights on the Multi-layer Blown Film Market in its published report, titled “Global Multi-layer Blown Film Market: Industry Analysis and Opportunity Assessment, 2018–2026”. In terms of revenue, the global Multi-layer Blown Film market is estimated to expand at a CAGR of 4.4% during the forecast period about which TMR offers thorough insights and forecasts in this report.
Multi-layer Blown Films are used in the packaging process of consumer and industrial goods. Multi-layer Blown Films are structured in a format to ensure efficient packaging. The commonly used materials for inner and outer layer are polyethylene and polypropylene among others. Multi-layer Blown films are made up of different types of materials such as polyethylene, polypropylene, EVOH, and polyamide among others. Tie layers are used in between these multilayer structures, when different material layer do not stick together. Multi-layer Blown Films are manufactured with blown technology which includes extrusion of polymer material through a circular die, which is then followed by bubble expansion. The Multi-layer Blown Films can be used as sheets for wrapping or can be used as a laminate in the packaging. Multi-layer Blown Films provide better barrier properties and high stiffness.
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The global market for Multi-layer Blown film is segmented as layer type, material type, film type, application type, end use. The barrier properties of Multi-layer blown films are driving factors for growth of its market. On the basis of layer type, Multi-layer Blown Films are segmented as 2,3,5,7,9,11 layers and others. Multi-layer Blown films which have 5 layers are the commonly used structure, and 7 & 11 layer film structures have more improved characteristics. Introduction of more number of layers implies better performance. On the basis of Material type, Multi-layer Blown Films includes polyethylene, polyamide, and EVOH among others. EVOH is used in between multiple layers to have high barrier properties. On the basis of film type, Multi-layer Blown films are segmented as stretch, shrink, and specialty film. The specialty films are preferred by manufacturers and brand owners, as they can be customized as per the end use requirements
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On the basis of application type, Multi-layer blown films are segmented as bags, pouches, wraps, and lids among others. Pouch segment is estimated to increase during the forecast period, as it provides protection to the goods. On the basis of end use, Multi-layer Blown Film are segmented as Agriculture, F&B, Textile, Consumer goods, and Pharmaceuticals. Food & Beverage segment is estimated to have significant growth during the forecast period.
This report assesses trends driving the growth of each market segment on the global level and offers potential takeaways that prove substantially useful for other potential market entrants in the Multi-layer Blown film market.
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The North America Multi-layer Blown Film market includes country level analysis for the U.S. and Canada. Polyethylene segment has dominant share, by material type. The Latin America Multi-layer Blown Film market includes country level analysis for Brazil, Mexico, Argentina and Rest of Latin America. The Europe Multi-layer Blown Film market includes country level analysis for Germany, Italy, U.K., France, Spain, Benelux, Nordic, Russia, Poland and Rest of Europe. Germany accounts for a significant market share in the Europe Multi-layer Blown Film market. The Asia Pacific Multi-layer Blown Film market includes country level analysis for China, India, ASEAN, Japan, Australia & New Zealand and Rest of APAC. The APAC Multi-layer Blown Film market represents the most lucrative geographic region wherein India and China represent substantial incremental opportunity during the forecast period. The APAC Multi-layer Blown Film market is expected to expand at a CAGR of 6.7% during the forecast period. The Middle East and Africa (MEA) Multi-layer Blown Film market includes country level analysis for GCC, South Africa, North Africa and Rest of MEA. Multi-layer Blown Film market in the GCC region is particularly driven by high growth in the industrial segment. The MEA Multi-layer Blown Film market is expected to expand at a CAGR of 4.5% over the forecast period.
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Key players operating in the global market for Multi-layer Blown Film include Scientex Berhad, Berry Global Group Inc., Coveris Holdings S.A., Winpak Ltd., Loparex LLC, Proampac LLC, Next Gen Films Inc., RKW Hyplast Nv, borealis AG, and Korozo Ambalaj San.ve Tic A.S.
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