Multi Layer Blown Films
Multi Layer Blown Films Market Forecasts to 2030 - Global Analysis By Product Type (Bags, Lids, Pouches, Wraps and Other Product Types), Layer Type (2-Layers, 3-Layer, 5-Layer, 7-Layer, 9-Layer, 11-Layer and Other Layer Types), Material Type, Film Type, Manufacturing Process, Application, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $7.84 BN |
|
Projected Year Value (2030) |
US $12.80 BN |
|
CAGR (2023 - 2030) |
7.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Multi Layer Blown Films Market is accounted for $7.84 billion in 2023 and is expected to reach $12.80 billion by 2030 growing at a CAGR of 7.2% during the forecast period. Multilayer blown films are multilayer films of two or more polymers which are formed by the coextrusion process. This process involves melting plastic resin and then blowing it into a bubble through a circular die. The bubble is then collapsed and flattened to form a film. These films find applications in various industries, including food packaging, pharmaceuticals, agriculture, and industrial packaging. The ability to control barrier properties makes these films suitable for packaging perishable goods, protecting against external elements, and ensuring product freshness.
Market Dynamics:
Driver:
Rising demand for efficient packaging solutions
As consumer lifestyles evolve and e-commerce expands, the need for packaging that ensures product protection, shelf life extension, and logistical efficiency becomes paramount. Multi-layer blown films offer versatile solutions with customisable properties, including barrier performance, strength, and flexibility. These films cater to diverse industry needs, from food and pharmaceuticals to industrial applications. Furthermore, multi-layer structures can include high-barrier materials like ethylene vinyl alcohol (EVOH) to prevent the permeation of gases. This versatility makes these films suitable for packaging products with varying sensitivity to environmental factors, enhancing their market appeal.
Restraint:
Fluctuations in the prices of raw materials
Multi-layer blow film production relies on different polymer materials, including polyethylene, polypropylene, and specialty polymers. Fluctuations in the prices of these raw materials directly impact production costs, as they constitute a substantial portion of the overall expenses. Also, manufacturers may be hesitant to pass on increased raw material costs to customers in order to remain competitive. This could result in reduced profit margins and financial strain on multi-layer blow film producers, especially in price-sensitive industries.
Opportunity:
Advancements in material and processing technologies
Innovations in materials, such as the development of new polymer blends and additives, contribute to improved barrier properties, mechanical strength, clarity, and sustainability of multilayer blown films. Additionally, advancements in processing technologies allow for precise control over film thickness, layer distribution, and production efficiency, enabling manufacturers to meet diverse customer requirements and address evolving market needs. These advancements enhance the competitiveness and value proposition of multi-layer blown films, positioning them as versatile and innovative packaging solutions in various industries.
Threat:
Technological disruptions
Technological disruptions pose a threat to the multi-layer blow film market by introducing alternative packaging solutions with superior properties or functionalities. Advancements in 3D printing, digital printing, and novel packaging technologies may offer innovative alternatives that challenge the relevance and competitiveness of traditional MLBF. Also, technological disruptions may lead to shifts in industry standards, consumer preferences, or regulatory requirements, further impacting the market position.
Covid-19 Impact
The COVID-19 pandemic disrupted the multi-layer blown film market with supply chain interruptions, fluctuating demand, and operational challenges. Lockdowns and economic uncertainties led to shifts in consumer behaviour, emphasising hygiene and safety in packaging. However, the e-commerce boom and sustainability trends accelerated, influencing demand for specific film types. While some sectors, like food and healthcare, saw increased demand, others faced declines. The pandemic underscored the need for resilient supply chains and adaptable manufacturing processes in the multi-layer blown film industry.
The polyvinyl chloride segment is expected to be the largest during the forecast period
The polyvinyl chloride segment is estimated to hold the largest share. PVC is a polymer layer that is frequently utilised in film manufacture, providing packaging flexibility and durability. Its benefits include a broad sealing temperature range, chemical resistance, and outstanding clarity. PVC layers improve barrier qualities, offering defence against gases and moisture. Moreover, it is widely used in industrial, medicinal, and food packaging applications. It enhances the overall functionality and performance of multi-layer blown films.
The co-extrusion lamination segment is expected to have the highest CAGR during the forecast period
The co-extrusion lamination segment is anticipated to have lucrative growth during the forecast period. Co-extrusion lamination is widely employed in flexible packaging for food, pharmaceuticals, and industrial applications. The technique allows for precise control over layer thickness and composition, enabling manufacturers to tailor films to meet diverse packaging requirements. Furthermore, its versatility and ability to create high-performance films make co-extrusion lamination integral to the evolving multi-layer blown film market.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period due to increasing industrialization, urbanization, and a rising demand for packaged goods. China, in particular, has been a key player in both production and consumption. The region has seen advancements in extrusion and co-extrusion technologies, enabling manufacturers to produce high-performance multi-layer films with specific properties tailored to diverse applications.
Region with highest CAGR:
North America is expected to witness profitable growth over the projection period. The United States, being a major industrial and consumer goods market, is a key player in the North American region for multi-layer blown films. The region has been at the forefront of adopting advanced manufacturing technologies and materials in the packaging industry. North America engages in both domestic and international trade of multi-layer blown films. The region exports and imports these films, contributing to the overall dynamics of the global market.
Key players in the market
Some of the key players in the Multi Layer Blown Films Market include Ultimate Flexipack Limited, Girish Polychem Industries, Charter Next Generation, Hosokawa Alpine AG, Borealis AG, Sigma Plastics Group, Balcan Plastic, Berry Global Inc, Scientex Berhad, Coveris, Loparex, WINPAK LTD., RKW Group, ProAmpac, KOROZO Ambalaj San.Ve Tic. A.S, Siva Group, Reifenhauser, The10company and Next Generation Film Inc.
Key Developments:
In November 2023, Berry Global has launched a new version of its Omni® Xtra polyethylene cling film for fresh food applications, which provides a high-performance alternative to traditional polyvinyl chloride (PVC) cling films.
In April 2023, Berry Global Group, Inc., a leader in the design, development, and production of innovative, sustainable stretch films has begun expanding one of its leading stretch film manufacturing facilities in Lewisburg, Tennessee.
Product Types Covered:
• Bags
• Lids
• Pouches
• Wraps
• Other Product Types
Layer Types Covered:
• 2-Layers
• 3-Layer
• 5-Layer
• 7-Layer
• 9-Layer
• 11-Layer
• Other Layer Types
Material Types Covered:
• Ethylene Vinyl Acetate (EVA)
• Polyethylene (PE)
• Polypropylene (PP)
• Polyamide
• Ethyl Vinyl Alcohol (EVOH)
• Polyvinyl Chloride
• Nylon
• Polystyrene
• Other Material Types
Film Types Covered:
• Shrink Film
• Stretch Film
• Specialty Film
Manufacturing Process Covered:
• Blown Film Extrusion
• Cast Film Extrusion
• Co-Extrusion Lamination
• Co-Extrusion Coating
Applications Covered:
• Industrial Films and Bags
• Barrier Films
• Lamination Films
• Converter-Grade Films
• Packaging Films
• Printing Films
• Can Liners
End Users Covered:
• Electronics
• Food and Beverages
• Textiles
• Pharmaceuticals
• Agriculture
• Consumer Goods
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Multi Layer Blown Films Market, By Product Type
5.1 Introduction
5.2 Bags
5.3 Lids
5.4 Pouches
5.5 Wraps
5.6 Other Product Types
6 Global Multi Layer Blown Films Market, By Layer Type
6.1 Introduction
6.2 2-Layers
6.3 3-Layer
6.4 5-Layer
6.5 7-Layer
6.6 9-Layer
6.7 11-Layer
6.8 Other Layer Types
7 Global Multi Layer Blown Films Market, By Material Type
7.1 Introduction
7.2 Ethylene Vinyl Acetate (EVA)
7.3 Polyethylene (PE)
7.4 Polypropylene (PP)
7.5 Polyamide
7.6 Ethyl Vinyl Alcohol (EVOH)
7.7 Polyvinyl Chloride
7.8 Nylon
7.9 Polystyrene
7.10 Other Material Types
8 Global Multi Layer Blown Films Market, By Film Type
8.1 Introduction
8.2 Shrink Film
8.3 Stretch Film
8.4 Specialty Film
9 Global Multi Layer Blown Films Market, By Manufacturing Process
9.1 Introduction
9.2 Blown Film Extrusion
9.3 Cast Film Extrusion
9.4 Co-Extrusion Lamination
9.5 Co-Extrusion Coating
10 Global Multi Layer Blown Films Market, By Application
10.1 Introduction
10.2 Industrial Films and Bags
10.3 Barrier Films
10.4 Lamination Films
10.5 Converter-Grade Films
10.6 Packaging Films
10.7 Printing Films
10.8 Can Liners
11 Global Multi Layer Blown Films Market, By End User
11.1 Introduction
11.2 Electronics
11.3 Food and Beverages
11.4 Textiles
11.5 Pharmaceuticals
11.6 Agriculture
11.7 Consumer Goods
11.8 Other End Users
12 Global Multi Layer Blown Films Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Ultimate Flexipack Limited
14.2 Girish Polychem Industries
14.3 Charter Next Generation
14.4 Hosokawa Alpine AG
14.5 Borealis AG
14.6 Sigma Plastics Group
14.7 Balcan Plastic
14.8 Berry Global Inc
14.9 Scientex Berhad
14.10 Coveris
14.11 Loparex
14.12 WINPAK LTD.
14.13 RKW Group
14.14 ProAmpac
14.15 KOROZO Ambalaj San.Ve Tic. A.S
14.16 Siva Group
14.17 Reifenhauser
14.18 The10company
14.19 Next Generation Film Inc.
List of Tables
1 Global Multi Layer Blown Films Market Outlook, By Region (2021-2030) ($MN)
2 Global Multi Layer Blown Films Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Multi Layer Blown Films Market Outlook, By Bags (2021-2030) ($MN)
4 Global Multi Layer Blown Films Market Outlook, By Lids (2021-2030) ($MN)
5 Global Multi Layer Blown Films Market Outlook, By Pouches (2021-2030) ($MN)
6 Global Multi Layer Blown Films Market Outlook, By Wraps (2021-2030) ($MN)
7 Global Multi Layer Blown Films Market Outlook, By Other Product Types (2021-2030) ($MN)
8 Global Multi Layer Blown Films Market Outlook, By Layer Type (2021-2030) ($MN)
9 Global Multi Layer Blown Films Market Outlook, By 2-Layers (2021-2030) ($MN)
10 Global Multi Layer Blown Films Market Outlook, By 3-Layer (2021-2030) ($MN)
11 Global Multi Layer Blown Films Market Outlook, By 5-Layer (2021-2030) ($MN)
12 Global Multi Layer Blown Films Market Outlook, By 7-Layer (2021-2030) ($MN)
13 Global Multi Layer Blown Films Market Outlook, By 9-Layer (2021-2030) ($MN)
14 Global Multi Layer Blown Films Market Outlook, By 11-Layer (2021-2030) ($MN)
15 Global Multi Layer Blown Films Market Outlook, By Other Layer Types (2021-2030) ($MN)
16 Global Multi Layer Blown Films Market Outlook, By Material Type (2021-2030) ($MN)
17 Global Multi Layer Blown Films Market Outlook, By Ethylene Vinyl Acetate (EVA) (2021-2030) ($MN)
18 Global Multi Layer Blown Films Market Outlook, By Polyethylene (PE) (2021-2030) ($MN)
19 Global Multi Layer Blown Films Market Outlook, By Polypropylene (PP) (2021-2030) ($MN)
20 Global Multi Layer Blown Films Market Outlook, By Polyamide (2021-2030) ($MN)
21 Global Multi Layer Blown Films Market Outlook, By Ethyl Vinyl Alcohol (EVOH) (2021-2030) ($MN)
22 Global Multi Layer Blown Films Market Outlook, By Polyvinyl Chloride (2021-2030) ($MN)
23 Global Multi Layer Blown Films Market Outlook, By Nylon (2021-2030) ($MN)
24 Global Multi Layer Blown Films Market Outlook, By Polystyrene (2021-2030) ($MN)
25 Global Multi Layer Blown Films Market Outlook, By Other Material Types (2021-2030) ($MN)
26 Global Multi Layer Blown Films Market Outlook, By Film Type (2021-2030) ($MN)
27 Global Multi Layer Blown Films Market Outlook, By Shrink Film (2021-2030) ($MN)
28 Global Multi Layer Blown Films Market Outlook, By Stretch Film (2021-2030) ($MN)
29 Global Multi Layer Blown Films Market Outlook, By Specialty Film (2021-2030) ($MN)
30 Global Multi Layer Blown Films Market Outlook, By Manufacturing Process (2021-2030) ($MN)
31 Global Multi Layer Blown Films Market Outlook, By Blown Film Extrusion (2021-2030) ($MN)
32 Global Multi Layer Blown Films Market Outlook, By Cast Film Extrusion (2021-2030) ($MN)
33 Global Multi Layer Blown Films Market Outlook, By Co-Extrusion Lamination (2021-2030) ($MN)
34 Global Multi Layer Blown Films Market Outlook, By Co-Extrusion Coating (2021-2030) ($MN)
35 Global Multi Layer Blown Films Market Outlook, By Application (2021-2030) ($MN)
36 Global Multi Layer Blown Films Market Outlook, By Industrial Films and Bags (2021-2030) ($MN)
37 Global Multi Layer Blown Films Market Outlook, By Barrier Films (2021-2030) ($MN)
38 Global Multi Layer Blown Films Market Outlook, By Lamination Films (2021-2030) ($MN)
39 Global Multi Layer Blown Films Market Outlook, By Converter-Grade Films (2021-2030) ($MN)
40 Global Multi Layer Blown Films Market Outlook, By Packaging Films (2021-2030) ($MN)
41 Global Multi Layer Blown Films Market Outlook, By Printing Films (2021-2030) ($MN)
42 Global Multi Layer Blown Films Market Outlook, By Can Liners (2021-2030) ($MN)
43 Global Multi Layer Blown Films Market Outlook, By End User (2021-2030) ($MN)
44 Global Multi Layer Blown Films Market Outlook, By Electronics (2021-2030) ($MN)
45 Global Multi Layer Blown Films Market Outlook, By Food and Beverages (2021-2030) ($MN)
46 Global Multi Layer Blown Films Market Outlook, By Textiles (2021-2030) ($MN)
47 Global Multi Layer Blown Films Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
48 Global Multi Layer Blown Films Market Outlook, By Agriculture (2021-2030) ($MN)
49 Global Multi Layer Blown Films Market Outlook, By Consumer Goods (2021-2030) ($MN)
50 Global Multi Layer Blown Films Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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