Multi-layer Blown Films Market
Multi-layer Blown Films Market (Layer Type - 2-Layer, 3-Layer, 5-Layer, 7-Layer, 9-Layer, 11-Layer, Others; Application Type - Bags, Pouches, Lids, Wraps, Others; Film Type - Shrink Film, Stretch Film, Specialty Film; Material Type - Polyethylene (PE), EVOH, Polyamide, PVdC, EVA, Polypropylene, Others; End Use - Agriculture, Pharmaceuticals, Food & Beverage, Textile, Consumer Goods, Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026
Multi-layer Blown Film Market Analysis: 7-layer segment to generate the maximum revenues
The global market for Multi-layer Blown Film was valued at US$ 5.7 billion in 2017. The market is forecast to expand at a CAGR of 4.4% during the forecast period, 2018-2026.
Multi-layer Blown Films are co-extruded films which exhibits different properties when blended with different polymer materials. Multi-layer blown films are used for barrier properties. For instance, thermoforming film manufactured by blown extrusion is used for poultry, cheese, and sea foods. Multi-layer blown films includes various applications such as manufacturing bags, pouches, lids and wraps among others. Multi-layer Blown Film are made from extruders where polymer material is passed through a circular die and then followed by bubble expansion. Multi-layer Blown Films provides heat resistance which helps in transition of goods in variable temperatures. Multi-layer blown films also includes stretch films, shrink films & specialty films.
The global market for Multi-layer Blown Film is segmented as material type, layer type, application type, film type, and end use. Multi-layer Blown Film has UV stability which makes it more preferable for use. The number of layers in co-extruded films is the crucial factor as it increases the performance of Multi-layer Blown Films. Multi-layer Blown films are used most commonly in Food & Beverage industry, for efficient food packaging. These films can have a variety of structures, which results into different properties as per the consumer demands. The 7-layer structure of Multi-layer Blown Film includes a barrier layer, tie-layers, abrasion resistant layers, inner and outer layers. The inner and outer layer may be two or more than two layers. Multi-layer Blown Films are most commonly used for agriculture, food & beverages, textile, consumer goods, and pharmaceuticals. Multi-layer Blown Film market is expected to witness maximum revenue from 7 layer segment. Multi-layer Blown Film market is expected to grow in Asia Pacific region due to high consumer demand in food and agriculture sector. Multi-layer Blown Film structures are available with many polymers such as polyethylene, polypropylene, EVOH and others. In the multi-layer structure EVOH is commonly used in middle, so as to reduce its hydration properties. Multi-layer blown stretch films provides high load retention that it has excellent holding properties in use. These films do not stretch much after application.
7-layer segment of the Multi-layer Blown Film market was valued at US$ 1,630.1 Mn in 2017 and is projected to expand at a CAGR of 4.4% during the forecast period 2018-2026.
Drivers & Restraints
The packaging of goods is very essential part of manufacturing process, manufacturers prefer efficient and convenient packaging for their branding and promotions. The blown films used for packaging are modifying in terms of number of layers and giving rise to its usage for food protection. Multi-layer Blown films are used for safety of crops as agricultural films, which balances heat and light transmission throughout the packaging. The end users such as pharmaceuticals and F&B can significantly contribute to growth of Multi-layer Blown Film market. Blown films are modified by use of number of layers and various polymers having different characteristics. The increasing number of layers is driving the growth of Multi-layer Blown Film market. The material used in making layer structures for Multi-layer Blown Film are modified by the manufacturers. Multi-layer blown film can be used in tube form or in sheet form. Application area includes industry packaging, consumer packaging, laminating film, barrier film and others. The complications in the extrusion process of the films may hamper the growth of the global Multi-layer Blown Film market. Blown technology includes bi-axial orientation of materials, which includes vertical and horizontal orientation. The extruders sometimes does not support all the polymeric materials, which reduces its capabilities. 11-layer film structure of Multi-layer Blown Film has better performance but its process is complicated.
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.
Demand for Sustainable Packaging Solutions to Increase Revenue of the Multi-layer Blown Films Market
Multi-layer blown films refer to co-extruded films exhibiting various properties when mixed with different polymer materials. These films are made utilizing blown technology. The technique of blown film makes use of processing technique to make biaxial melt drawn film. It utilizes air pressure to make a higher speed haul-off roll speed and transverse direction draw to give a machine its direction draw. Utilizing this technique, a large amount of polyethylene is produced. This factor is expected to support growth of the global multi-layer blown films market in the near future. The polypropylene, polyamide, polyvinyl chloride are some of the polymers that are made utilizing this technique. These films also find use for its barrier properties, which is likely to pave way for rapid growth of the global multi-layer blown films market in the near future.
Extensive Use of this Film across Several End Use Industries to Fuel Market Growth
The growth of the global multi-layer blown films market is estimated to be influenced by huge demand for effective packaging solutions across several industries. These films with its prominent features, such as resistance to puncture and high strength of films add additional strength to packaging. Extensive use of these films in electronic, healthcare, and food and beverage sector is estimated to increase the revenue of global multi-layer blown films market in the forthcoming years. In addition, increased demand for Fast Moving Consumer Goods (FMCG) amongst the consumers is likely to add to the growth of the global multi-layer blown films market in the forthcoming years.
Various macroeconomic factors, such as rise in disposable income of the middle-class, working population are some of the important factors driving the expansion of the global multi-layer blown films market. The manufacturers alter the material utilized in the making of layered structures for this film. This multilayer blown film can be utilized in sheet form or tube form, which is likely to augur well for the global multi-layer blown films market in the near future.
In this report, Transparency Market Research offers an 8-year forecast of the global Multi-layer Blown Films Market between 2018 and 2026. In terms of value, the global Multi-layer Blown Films Market is expected to expand at a CAGR of 4.4% during the forecast period. The study reveals Multi-layer Blown Films Market dynamics in five geographic segments along with market analysis for current market environment and future scenario over the forecast period of the global Multi-layer Blown Films Market.
This Transparency Market Research report studies the global Multi-layer Blown Films Market for the period 2018–2026. The prime objective of this report (Multi-layer Blown Films Market) is to offer insights and key market trends pertaining to Multi-layer Blown Films Market that are gradually helping transform global businesses.
The global Multi-layer Blown Films Market report begins with the executive summary for various categories and their share in the Multi-layer Blown Films Market. It is followed by market dynamics and overview of the global Multi-layer Blown Films Market, which includes TMR analysis of market drivers, restraints, and trends that are affecting growth of the Multi-layer Blown Films Market. Furthermore, to understand the popularity of the Multi-layer Blown Film segment, the attractiveness index and BPS analysis with elaborated insights on the same is provided, which will show the market’s attractiveness based on factors such as CAGR and incremental opportunity. To show the performance of Multi-layer Blown Films Market in each country and region, BPS and Y-o-Y growth analysis is provided.
The global market for Multi-layer Blown Film is further segmented as material type, layer type, film type, application type, and end use. On the basis of Material type, Multi-layer Blown Films includes polyethylene, polyamide, polypropylene, EVA, PVdC and EVOH among others. On the basis of film type, Multi-layer Blown films are segmented as stretch, shrink, and specialty film. On the basis of application type, Multi-layer blown films are segmented as bags, pouches, wraps, and lids among others. On the basis of end use, Multi-layer Blown Film are segmented as agriculture, F&B, textile, consumer goods, and pharmaceuticals.
The next section of the report highlights the Multi-layer Blown Films Market, by region, and provides the market outlook for 2018–2026. The study investigates the Y-o-Y growth regionally, as well as analyses the drivers that influence the regional Multi-layer Blown Films Market. Main regions assessed in this report include North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA). The report (global Multi-layer Blown Films Market) evaluates the present scenario and growth prospects of the regional Multi-layer Blown Films Market for 2018–2026.
To ascertain the market size in terms of value and volume, revenue generated by the key manufacturers is taken into consideration. The forecast presented here assesses the total revenue generated by value, across the Multi-layer Blown Films Market. In order to provide an accurate forecast, we initiated by sizing up the current market, which forms the basis on how the Multi-layer Blown Films Market is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome on the basis of three different types of analysis; based on supply side, downstream industry demand and the economic envelope. In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market based on key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of the Multi-layer Blown Films Market and identify the right opportunities across the market.
The market segment for global Multi-layer Blown Films Market have been analysed in terms of basis point share (BPS) to understand the individual segment’s relative contributions to market growth. This detailed level of information is important for identifying various key trends in the Multi-layer Blown Films Market. Another key feature of global Multi-layer Blown Films Market is the analysis of key segments in terms of absolute dollar opportunity. Absolute dollar opportunity is critical for evaluating the scope of opportunity that a provider can look to achieve, as well as to identify potential resources from a delivery perspective of the Multi-layer Blown Films Market. The overall absolute dollar opportunity along with the segmental split is mentioned in global Multi-layer Blown Films Market.
To understand key growth segments in terms of growth and adoption for Multi-layer Blown Films Market, globally, Transparency Market Research developed the Multi-layer Blown Films Market ‘Attractiveness Index.’ The resulting index should help providers identify real market opportunities.
In the final section of the report on Multi-layer Blown Films Market, the ‘dashboard view’ of the companies is provided, to compare the current industrial scenario and their contribution in Multi-layer Blown Films Market. Moreover, it is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on the in-depth assessment of their capabilities and success in the Multi-layer Blown Films Marketplace.