According to FMI analysis, with the rapid expansion of the food and beverage industry and growing demand for flexible packaging, the US LDPE and LLDPE sealing web film market is expected to create a US growth opportunity. $13.3 million by the end of 2032.
NEWARK, DE / ACCESSWIRE / September 16, 2022 / global LDPE and LLDPE Sealant Web Film Market is projected to be worth US$472.4 Mn in 2032, with the market growing at a moderate CAGR of 4.2% over the forecast period 2022 to 2032. Valued at US$311.7 Mn In 2022, the LDPE and LLDPE sealing web films market is driven by its growing use in various industry verticals such as food and beverage, pharmaceutical, electronic, textile, and cosmetic.
Low density polyethylene (LDPE) and linear low-density polyethylene (LLDPE) sealing films have high sealing strength and are a great protective barrier against moisture that helps extend the shelf life of packaged products. These films are widely used in many industries as packaging materials due to their strong impact strength and superior tear and stress crack resistance. Due to this factor, it is estimated that the target market will provide an absolute growth opportunity of US$173.8 Mn during the projection period.
With the adoption of a fast-paced, urban lifestyle, most consumers prefer products that suit their hectic lifestyles. Therefore, frozen foods and packaged products are in high demand. The trend of remote work and work from home has also led to an increase in demand for ready-to-eat foods 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 sealing web films are perfect for packaging a variety of frozen foods as they offer excellent barrier properties and functional characteristics. This has a positive impact on the market prospects of LDPE and LLDPE sealing web films.
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In addition, with the rapid advances in technology, the market for LDPE and LLDPE web sealing film is also expected to prosper. Growing environmental concerns and sustainability drives may induce a situation where restrictions may be placed on the availability of multilayer films. As a result, many different chemical industries and film manufacturers are interested in producing technology to classify the different materials of a multilayer film that can be recycled separately. Consequently, a huge opportunity has been created for the LDPE and LLDPE multilayer sealing web film market. This is likely to bode well for the market during the forecast period.
“The protective properties and other functional characteristics of the product are likely to drive the growth of the LDPE and LLDPE sealing web film market during the forecast period,” says an FMI analyst.
- Increased various packaging solutions to generate growth opportunities for the market.
- The United States is expected to lead the market growth during the forecast period.
- The LDPE and LLDPE sealing web film market will see 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. and Cosmo Films Ltd, among others, are some of the major players in the LDPE and LLDPE sealant web film market profiled in the full version of the report.
Major market players are concentrating on product innovation, development and launches. These companies are engaging in capacity expansion, upgrading their production facilities and procurement strategies to gain competitive advantage.
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More information about LDPE and LLDPE sealant web film market report
In its latest report, FMI offers an unbiased analysis of the global LDPE and LLDPE sealant web film market, providing historical data from 2013 to 2021 and forecast statistics from 2022 to 2032. To understand the potential, growth and range 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, more than 60 microns), application ( flat bags, pouches, pouches and others), end use (food (baby food, pet food, sauces and juices, bakery and confectionery, snacks, dairy products, ready-to-eat foods, other foods), beverages, pharmaceuticals , textiles, electricity and electronics, cosmetics and personal care, home care) and region.
Based on the latest FMI reports, based on region, the US LDPE and LLDPE sealing web film market is expected to dominate the global space. The region is projected to create a US$13.3Mn market opportunity by the end of 2032. This growth is attributed to the rapid advancement of the country’s food and beverage sector. India is also expected to offer multiple lucrative opportunities for the LDPE and LLDPE sealing web film market due to the growing e-commerce industry in this country.
Based on segmentation, in terms of end user, the food sector is anticipated to dominate the global market space over the forecast period.
Table of Contents
1. Executive Summary
1.1. World Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Material type routing analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. market dynamics
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