Polyfilm Market, By Resin Type (LDPE, LLDPE, HDPE (High Density Polyethylene), BOPP, CPP, PVC, BOPET, BOPA, Others), By End-User (Packaging, Agriculture, Building & Construction, Consumer Goods, Medical, Others) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa

Pune, India -- (SBWire) -- 04/01/2018 --The Global Polyfilm Market accounted for USD 113.30 billion in 2016 and is projected to grow at a CAGR of 4.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Market Definition: Global Polyfilm Market

Polyfilm, also known as polyethylene film, has many uses in a variety of applications and industries. In the apparel, garment, sewn goods, fabric and related industries, poly film is used to protect goods during shipment from dirt, dust, and moisture. There is a growing demand for polyfilm foams in packaging, agriculture, building & construction, consumer goods and medical activates, which is expected to be one of the major drivers of the market over the next seven years.

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Major market drivers: Global Polyfilm Market

- Demand of food packaging in retail
- Growing demand from Asia-Pacific
- Demand for food packaging driven by growing population in Asia-Pacific
- Increasing demand for BOPET films

Market restraint: Global Polyfilm Market

- Matured European market
- Low demand for photographic and magnetic films
- Strict environmental and government regulations

Market Segmentation: Global Polyfilm Market

The polyfilm market is segmented on the basis of resin type into LDPE, LLDPE, HDPE (High Density Polyethylene), BOPP, CPP, PVC, BOPET, BOPA and others.
On the basis of End-user, the market is segmented into packaging, agriculture, building & construction, consumer goods, medical and others.

On the basis of geography, the polyfilm market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

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Competitive Landscape: Global Polyfilm Market

The global polyfilm market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Major Market Competitors:

Some of the major players in polyfilm market Chiripal Poly Films, Cosmo Films, Formosa Plastics Corporation, Garware Polyester Limited, Jindal Poly Films Limited, Max Speciality Films Limited (MSFL), Polyplex Corporation Limited, SRF Limited, Taghleef Industries, Treofan Group, Uflex Limited, Vacmet India Private Limited, Barflex Polyfilms Pvt Ltd., Premier Polyfilm Limited, Polifilm Group, Flex Film Ltd., Specialty Polyfilms Pvt. Ltd., AMERICAN POLYFILM, INC., Garware Polyester Ltd., Polyplex and many more.

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