According to the latest market report published by Future Market Insights titled “LDPE & LLDPE Sealant Web Films Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018-2028,” the high heat-seal strength and economical availability of the LDPE & LLDPE resins are projected to drive the global LDPE & LLDPE Sealant Web Films market during the forecast period, 2018-2028. Globally, the revenue generated from sales of LDPE & LLDPE Sealant Web Films has been estimated to be around US$ 45.1 Bn in 2018, and is projected to increase at a CAGR of 4.1%, during the forecast period 2018-2028.
The demand of LLDPE resins in packaging industry is inclining at a higher pace as compared to that of LDPE resins due to economic prices and high heat-seal strength. The highly fragmented manufacturing industry of Asia Pacific, specifically of India and China, have high demand of economic solutions. China is estimated to account for the largest market share in the APEJ region, around half of the APEJ market and further projected to expand at a relatively high pace. The demand of LDPE is comparatively higher in China as compared to that in India due to relatively high demand of LDPE transparent bags in the country. The ready-to-eat food segment is rising at a high pace in the emerging countries of APEJ region. Textile industry of Asia Pacific region is one of the prominent end-user of LDPE monolayer transparent bags.
The developed countries of North America and Western Europe are highly concerned towards the negative impact of conventional plastics on the environment. Plastic Suppliers Inc. and some other European based companies have introduced bio-based sealant web films which possess all the desirable properties of a sealant film and can replace LDPE & LLDPE sealant web films. This has impacted the LDPE & LLDPE sealant web films market negatively in the North America and Western European region. Although, the switch of end-user from LDPE & LLDPE sealant web films to bio-based sealant web films is restrained by the availability of the bio-based plastic materials and high cost associated with the manufacturing of bio-plastics. Moreover, the manufacturing industry and demand of packaging in most of the countries of Western Europe and North America have attained the stage maturity. All these factors have attributed to the low pace growth of LDPE & LLDPE sealant web films market in the Western Europe and North America regions.
The packaging industry of Latin America is expanding at a significantly high pace considering the slight decline observed in the manufacturing output value of most of the countries during the recent years. This has attributed to low growth rate of LDPE & LLDPE sealant web films market in the Latin America region. Mexico is projected to witness strong growth during the forecast period owing to emerging economy of the country and inclining packaging demand.
The rapidly developing pharmaceutical industry of Middle East & Africa region has attributed to strong growth of the LDPE & LLDPE sealant web films market. The textile and paper industry in the region have created a significant demand of LDPE & LLDPE sealant web films in the MEA region and is expected to grow at a high pace.
The market volume for global LDPE & LLDPE Sealant Web Films is expected to expand at 1.5X over the forecast period, 2018-2028
Detailed profiles of companies are also included in the report to evaluate their strategies, key product offerings and recent developments. The key players of the global LDPE & LLDPE Sealant Web Films market are Berry Global, Bemis Company Inc., Jindal Poly Films, Mitsui Chemicals America, Inc., Dow-Dupont Inc., Winpak Ltd., Polifilm GmbH, Avery Dennison and DIC Corporation. In global LDPE & LLDPE Sealant Web Films market report, we have discussed individual strategies followed by these companies in terms of enhancing their product portfolio, creating new marketing techniques, mergers and acquisitions. The ‘Competitive Landscape’ section is included to provide report audiences with a dashboard view and company share collectively
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