According to Future Market Insights (FMI), the global PE films market will be worth US$ 79.2 billion by 2032, with sales increasing at a CAGR of 4.3 percent throughout that time. PE films have a competitive advantage in the packaging business because they are inexpensive, flexible, and versatile.
Blown film and cast film techniques require melting polymer resins, extruding the polymer melt through a die, stretching, and cooling the melt into a film. Depending on the level of protection and kind of packaging required, different types of polymers are utilized to make a variety of films that are used in the packaging of various items.
Barrier qualities, lightweight, flexibility, fragrance locking, water, and air resistance, and no chemical reaction are all advantages of PE films. These qualities aid in the safe and fresh transportation and storage of products. The market’s sales will continue to be driven by rising demand from the food and beverage sector.
Consumers desire packaging that is appealing, practical, and environmentally friendly. Consumers, merchants, and the foodservice industry all benefit from these films, which provide convenience, food safety, and higher quality. Furthermore, the introduction of environmentally friendly bio-based PE films will boost market demand.
Furthermore, the rising popularity of pouches for a variety of foods, as well as the introduction of innovative packaging solutions for pharmaceutical and medical packaging items, will contribute to the industry’s expansion.
Furthermore, increased PE film sales in the agriculture sector would generate market growth prospects. In horticulture, crop protection from severe weather, such as wind, snow, and heavy rain, is critical. PE films are used as a plastic cover in greenhouses to protect plants and crops while also creating a regulated microclimatic environment.
PE films are used for greenhouse covers, low and medium tunnel covers, and soil mulching, among other things.
PE films are also commonly utilized in the construction industry for a variety of end uses, including vapor retarders, window films, flooring and countertop protection, and roofing. These sheets can be used to seal rooms, conceal building components, and, in some situations, protect humans from lead poisoning.
Insights by Country
What is the state of the PE Films Market in the United States?
“PE Stretch Films are Being Used by Food and Beverage Manufacturers”
Over the projection period, total sales in the United States are estimated to account for 18.3 percent of the North American PE film market share. The presence of a strong food and beverage sector in the country is expected to boost the market’s growth potential in the future years.