Polyethylene Foils Market: Overview
Polyethylene foils are heat shrinkable foils that are used in various applications such as industrial packaging, fixation of pallet loads, packing bottles, cans, fruits & vegetables, and fine products. These foils are used in packing of goods with irregular and complex shapes such as porcelain and furniture. They provide high UV resistance, perforation, lubricity, and antistatic properties. Additionally, these foils provide high protection against moisture, dust, and maintains its rigidity and resistance to cracking at food-freezing temperatures. Polyethylene foils are odorless, colorless, and weldable.
Polyethylene Foils Market: Trends & Demands
Rising demand for polyethylene foils in packaging applications with characteristic features such as easy processability, low cost, versatility, and recyclability is driving the global polyethylene foils market. Additionally, polyethylene foils offer high stiffness, moisture barrier, and favorable sealing; therefore, these are extensively employed in the packaging industry. These factors are projected to boost the demand for polyethylene foils during the forecast period. Fluctuating raw material prices and implementation of stringent regulations on the use of plastic foils in the agriculture industry across the globe are expected to restrain the market during the forecast period. Rising demand for polyethylene foils in medical and consumer goods packaging is expected to create lucrative opportunities to manufacturers operating in the polyethylene foils market.
Polyethylene Foils Market: Key Segments
The global polyethylene foils market can be segmented based on type, product, and region. In terms of type, the market can be categorized into high-density polyethylene (HDPE), linear low-density polyethylene (LLDPE), and low-density polyethylene (LDPE) foils. LLDPE is a leading segment of the market, followed by LDPE and HDPE. Based on product, the polyethylene foils market can be bifurcated into shrink foils and stretch foils. Stretch foils was a leading segment of the market in 2017. Stretch foils keep products tightly bound and are used to unitize pallet loads.
Polyethylene Foils Market: Regional Outlook
In terms of region, the global polyethylene foils market can be categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is a leading consumer of polyethylene foils, followed by North America and Europe. The market in developing economies such as China, India, and Vietnam is estimated to expand during the forecast period. Polyethylene foils are employed as a thin layers in tetra packs. Many manufacturers are using these packs for packaging fruit drinks or juices, as they increase the shelf life and eliminate the need for preservatives. Rise in demand for aseptic packaging or tetra packs in the food & beverage industry is propelling the demand for polyethylene foils in Asia Pacific. Increase in research & development activities in the field of flexible packaging and rise in demand for polyethylene foils for single-serve packs, microwaveable packaging, blister packaging, and stand-up pouches in the U.S. are boosting the market in the country. Countries in Eastern Europe, such as Russia and Turkey, are expected to grow significantly compared to Western Europe economies, such as Germany and France due to improving economy and rapid industrialization. The polyethylene foils market in Latin America and Middle East & Africa is projected to expand at a moderate pace during the forecast period. Rise in import and industrialization in developing economies such as Brazil, GCC, and South Africa is expected to drive the market in these regions during the forecast period.
Polyethylene Foils Market: Key Players
Key players operating in the global polyethylene foils market include TART, s.r.o., Polypak s.r.o., Argos Packaging & Protection, and Arno Marx GmbH.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.