Metaverse Market Forecasts to 2028 – Global Analysis By Platform (Mobile, Desktop, Other Platforms), Type (Non-Statins, Statins), Offering (Avatars, Virtual Platforms, Financial Services), and Others

Metaverse Market Forecasts to 2028 – Global Analysis By Platform (Mobile, Desktop, Other Platforms), Type (Non-Statins, Statins), Offering (Avatars, Virtual Platforms, Financial Services), and Others

According to Stratistics MRC, the Global Polyethylene (PE) Films Market is accounted for $91.78 billion in 2022 and is expected to reach $134.68 billion by 2028 growing at a CAGR of 6.6% during the forecast period. Polythene films are largely used in the plastics industry and are produced from polymers and ethylene. Intricate, non-flammable, fireproof, translucent, and opaque polythene plastic is produced by complex polymers. The packaged food industry must grow, and this depends on the polythene film business. Polythene film is used to preserve food for prolonged periods of time, keeping the food secure and clean by protecting against microorganisms. It is projected that these factors will stimulate demand for polythene films in the food and beverage sectors

According to a study conducted by the Association of Plastics Manufacturers in Europe and The European Association of Plastics Recycling and Recovery Organizations (EPRO) in 2018, the European plastic sector has a positive trade balance of USD 18.5 billion and contributed USD 35.3 billion to public finances & welfare. In addition, other factors such as the multiplier effect of 2.4 to GDP and around 9.4 million tons of plastic post-consumer waste were collected to be recycled.

Market Dynamics:

Driver:

Wide scale adoption of polyethylene films in the food & beverages sector

Polythene film is one of the most widely used polymeric films for food and beverage packaging. It is good for food packaging because it possesses a number of crucial characteristics, including light weight, flexibility, a glossy surface, and moisture resistance. By protecting against bacteria, it preserves food for longer while maintaining the cleanliness and safety of the food.Therefore, it is anticipated that the market will be highly influenced by the growing demand for polythene films in the food and beverage industries.

Restraint:

Sustainability trend toward the usage of paper packaging

The promotion of green behaviours through environmentally friendly packaging options will continue as the world moves toward sustainability and eco-friendliness. Nowadays, consumers are more likely to use paper packaging materials than polythene films. Increased awareness of waste management and the need to lower carbon footprints has also been linked to the paper packaging films in a variety of industries, including food, cosmetics & personal care, pharmaceutical, and others.

Opportunity:

Development of eco-friendly polyethylene films

Because of the growing amount of plastic waste in landfills and the environment, the usage of biodegradable polythene films is rapidly expanding. Its degradability is improved by a variety of methods under specific oxygen, moisture, sunlight, and compost conditions. Also, by increasing the hydrophilic properties of polythene films and reducing the hydrophobic polymer throughout their manufacturing process, biodegradation is enhanced. Furthermore, throughout the projected period, the market is expected to benefit from an increase in eco-friendly polyethylene films used in the healthcare, pharmaceutical, cosmetics, and other industries.

Threat:

Ban on lightweight plastic bags to improve paper packaging prospects

Paper packaging materials, unlike metals and plastics, may be reused and recycled. Thus, one of the most cost-effective and environmentally friendly packaging types is paper packaging. Growing consumer awareness of the negative environmental consequences of plastics has led to a rise in the demand for flexible paper packaging. Throughout the forecast period, the market for flexible paper packaging is anticipated to be driven by the restriction on lightweight plastic bags in some nations.

Covid-19 Impact

The COVID-19 epidemic has had a detrimental impact on the world economy, which is causing GDP to decline internationally and altering consumer purchasing habits. The ongoing pandemic outbreak has a detrimental effect on the primary end markets for polyethylene films, including food and beverage, construction, packaging, automotive, and transportation. The global supply chain for polyethylene film is being hampered by the widening supply-demand mismatch brought on by the ongoing health crisis. Additionally, the COVID-19 period's temporary suspension of infrastructure and construction projects has decreased the need for polyethylene films to cure concrete in place.

The shrink films segment is expected to be the largest during the forecast period

The shrink film segment is estimated to have a lucrative growth, due to its advantages, including strength and durability, it is becoming more and more important in the packaging industry. LLDPE shrink films are frequently used to package larger, heavier products, including beverage multipacks. In order to maintain the image and robustness, additional qualities can be added, such as printability and clear graphics, making it appropriate for pallet wrapping, snack wrapping, and frozen food wrapping. These factors are pushing shrink film adoption, which is increasing demand on the global market.

The Linear Low-Density Polyethylene (LLDPE) segment is expected to have the highest CAGR during the forecast period

The Linear Low-Density Polyethylene (LLDPE) segment is anticipated to witness the fastest CAGR growth during the forecast period, due to their impact resistance and tensile strength in LLDPE films are appropriate for applications, which includes carryout bags, trash liners, envelope films, and mattress bags. LLDPE films are also capable of securing liquid container contents, which qualifies them for use in paper and paperboard packaging. The usage of LLDPE films for rigid container packaging has been expanded to high-quality flexible packaging applications due to the increase in demand for food packaging films with higher performance and reduced permeability. The demand for LLDPE films is rising as a result of this factor.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the use of PE films in products like plastic reservoirs, crop gathering crates, and irrigation systems. Due to increasing globalisation, shifting food consumption preferences, low per capita consumption, and rapid economic expansion. Japan is an example of a developed market with high per capita consumption. Other netting uses for polyethylene films include anti-hail, anti-bird, wind-breaking, shade, and nets for gathering nuts and olives.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to factors such as trade balance, multiplier effect, industrial value-added, public finances, and recycling. For instance, a 2018 study by the Association of Plastics Manufacturers in Europe and The European Association of Plastics Recycling and Recovery Organizations (EPRO) found that the European plastics industry has a USD 18.5 billion positive trade balance and has made USD 35.3 billion in contributions to public finances and welfare. The multiplier effect of 2.4 on GDP and the approximately 9.4 million tonnes of post-consumer plastic waste that were collected for recycling in Europe are further variables that are expected to directly or indirectly increase the demand for polyethylene film in this region.

Key players in the market

Some of the key players profiled in the Polyethylene (PE) Market include Amcor Ltd., Klockner Pentaplast Group, Sumitomo Bakelite Co., Ltd, Printpack Inc, Toray Industries Inc, Berry Global Inc, Sealed Air Corporation, Saudi Basic Industries Corporation (SABIC), Constantia Flexibles Group GmbH, RKW Group, TeraPlast Group, AEP Industries, Du Pont de Nemours, Fluoro-Plastics Inc., Raven Industries Inc., Hosokawa Alpine Aktiengesellschaft, Akron Porcelain & Plastics Co, Senoplast Klepsch & Co. GmbH, Primex Plastics corp., Jindal Poly Films Limited

Key Developments:

In June 2022, Constantia Flexibles and Plasthill Technical Films, a Dutch Oerlemans Packaging Group company, partnered to bring Constantia Flexibles' proprietary technology, CompresSeal, to the market in Europe.

In June 2022, For the fifth time in a row, Constantia Flexibles received a Gold certification in the EcoVadis company sustainability rating. While the performance in the environment component climbed to 80 points, the overall score increased to 73. The packaging manufacturer ranks in the top 2% of all businesses for sustainability accomplishments over the previous year.

In September 2021, TeraPlast Group, a Romanian construction materials manufacturer, announced that it has concluded an agreement with Brikston Construction Solutions to take over its polyethylene film production in the central town of Sighisoara. The acquisition is part of the company's expansion strategy on the flexible packaging market.

Types Covered:
• Shrink Films
• Stretch Films

Technologies Covered:
• Cast Film Extrusion
• Blow Film Extrusion

Materials Covered:
• Low-density Polyethylene (LDPE)
• Linear Low-density Polyethylene (LLDPE)
• High-density Polyethylene (HDPE)

Thicknesses Covered:
• Up to 8 microns
• 8 - 14 microns
• Above 14 microns

End Users Covered:
• Food
• Healthcare
• Consumer Goods
• Industrial
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
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 2020, 2021, 2022, 2025, and 2028
- 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









Benchmarking of key players based on product portfolio, geographical presence, and strategic alliance