LDPE & LLDPE Sealant Web Films Market Expand at a CAGR of 4.2%, value around US$ 472.4 Mn by 2032 | Future Market Insights, Inc.
Future Market Insights, Inc.
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As per FMI analysis, with rapid expansion of food & beverage industry and growing demand for flexible packaging the U.S LDPE & LLDPE sealant web films market is expected to create a growth opportunity of US$ 13.3 Mn by the end of 2032.
NEWARK, DE / ACCESSWIRE / September 16, 2022 / The global LDPE & LLDPE sealant web films market is projected to reach a value of US$ 472.4 Mn in 2032, with the market growing at a moderate CAGR of 4.2% over the forecast period of 2022 to 2032. Valued at US$ 311.7 Mn in 2022, the LDPE and LLDPE sealant web films market is driven by its escalating usage in various industrial verticals like food and beverage, pharmaceutical, electronics, textile, and cosmetics.
Low density polyethylene (LDPE) and linear low density polyethylene (LLDPE) sealant web films have high sealant strengths and are a great protective barrier against moisture which helps in extending the shelf life of packed goods. These films are extensively used in many industries as packaging materials owing to their sturdy impact strength, and superior tear and stress crack resistance. Due to this factor, it is estimated that the target market will facilitate an absolute growth opportunity of US$ 173.8 Mn during the forecast period.
With the adoption of an urban and fast-paced lifestyle, most consumers prefer goods that suit their hectic lifestyles. Thus frozen food and packaged goods are in high demand. The remote work and work-from-home trend have also led to a surge in demand for ready-to-eat food products. As many individuals are working from home, they desire a quick alternative for their meals. Frozen food products can be consumed quickly. LDPE & LLDPE sealant web films are perfect for packaging an assortment of frozen foods as they offer excellent barrier properties and functional features. This has a positive impact on the market prospects of LDPE and LLDPE sealant web films.
Moreover, with rapid advancements in technology, the LDPE and LLDPE sealant web films market is also predicted to flourish. Rising environmental concerns and sustainability drives may induce a situation where restrictions may be imposed on the availability of multilayer films. As a result, many different chemical industries, and film manufacturers are keen on producing technology for sorting the different materials from a multilayer film that can be recycled separately. Consequently, an immense opportunity for the multilayer LDPE & LLDPE sealant web films market has been created. This is likely to bode well for the market during the forecast period.
"Protective properties and other functional features of the product will likely drive the market growth for LDPE and LLDPE sealant web films over the forecast period," says an FMI analyst.
Key Takeaways:
Rise in various packaging solutions to generate growth opportunities for the market.
The United States is expected to lead the market growth during the forecast period.
LDPE and LLDPE sealant web films market to register a 5.8% CAGR in India.
By end use, the food sector is expected to account for 37% of the global market share.
Competitive Landscape
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., and Cosmo Films Ltd among others are some of the major players in the LDPE & LLDPE sealant web films market that are profiled in the full version of the report.
Major market players are concentrating on product innovation, development, and releases. These enterprises are engaging in capacity expansion, upgrading their production facilities, and acquisition strategies to gain a competitive edge.
More Insights into 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 historical data from 2013 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and range, the market is segmented on the basis of material type (low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE)), thickness (up to 45 micron, 46-60 micron, above 60 micron), application (flat pouches, standup pouches, bags, and others), end-use (food (baby food, pet food, sauces and gravies, bakery and confectionary, snacks, dairy products, ready-to-eat food, other food), beverage, pharmaceutical, textile, electrical and electronics, cosmetics and personal care, homecare), and region.
According to the latest FMI reports, based on region, the LDPE & LLDPE sealant web films market in the United States is expected to dominate the global space. The region is predicted to create a US$ 13.3 Mn market opportunity by the end of 2032. This growth is attributed to the rapidly advancing food and beverage sector in the country. India, too, is expected to offer multiple lucrative opportunities to the LDPE & LLDPE sealant web films market owing to the surging e-commerce industry in this country.
Based on segmentation, in terms of end-user, the food sector is predicted to dominate the global market space during the projected period.
Explore FMI's related ongoing Coverage on Packaging Domain
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