Global Multilayer Blown Films Market size was valued at USD 7.9 Billion in 2023 and is expected to reach USD 11.8 Billion by 2033, at a CAGR of 5.5% during the forecast period 2024 – 2033.
Multilayer Blown Films Market: Overview
Multilayer blown films are plastic films made by simultaneously extruding many layers of polymer resins, which results in a flexible packaging material with enhanced durability and barrier qualities.
A worldwide trend in multilayer blown films is the use of reusable and sustainable materials. Multilayer blown films comprised of recyclable or biodegradable materials are becoming more and more in demand as environmental awareness and regulatory requirements to limit plastic waste develop.
Producers are allocating resources towards research and development to create novel materials and technologies that provide equivalent functionality to conventional plastics but with a lower environmental impact. To reduce the amount of material used and waste produced, optimization of the design and production processes is also prioritized.
Utilizing enhanced barrier qualities in multilayer blown films is another trend that aims to decrease food waste and increase the shelf life of packaged goods. Additionally, multilayer films may be personalized and customized to fulfill certain packaging specifications and improve brand distinctiveness is becoming increasingly important in the market.
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By product, the pouches segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. The global demand for multilayer blown films is being driven by a rising trend in pouches, and the need for recyclable and environmentally friendly packaging options, which has pushed up the adoption of organic and biodegradable film materials.
By material, polyethylene segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. The creation of sustainable and recyclable materials, improvements in resin compositions for enhanced toughness and insulating qualities, and a rise in the usage of metallocene-catalyzed resins are some of the trends in polyethylene that are powering multilayer blown films.
CMI has comprehensively analyzed the Global Multilayer Blown Films market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict an in-depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Multilayer Blown Films industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
List of the prominent players in the Multilayer Blown Films Market:
- Berry Global Inc.
- Amcor plc
- Winpak Ltd.
- Sealed Air Corporation
- Coveris Holdings S.A.
- RPC Group plc
- RKW SE
- Bemis Company Inc.
- Sigma Plastics Group
- Charter NEX Films Inc.
- Novolex Holdings Inc.
- UFlex Limited
- Taghleef Industries Group
- Jindal Poly Films Limited
- Inteplast Group
- Atlantis-Pak Co. Ltd.
- Polifilm GmbH
- KOROZO Ambalaj Sanayi Ve Ticaret A.Ş.
- Scientex Berhad
- Trioplast Industrier AB
- Others
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