Dallas, United States, August 16,2019- According to a new market report published by Lucintel, the future of the polyolefin (POF) film market looks promising with opportunities in the packaging, construction, and agriculture industries. The global polyolefin (POF) film market is expected to reach an estimated $125 billion by 2024 with a CAGR of 4.2% from 2019 to 2024. The major drivers for this market are increasing demand for packaged food in emerging nations and growth in oriented film.

In this market, LLDPE (linear low-density polyethylene), LDPE (low-density polyethylene), HDPE (high-density polyethylene), BOPP (bi-axially oriented polypropylene), and CPP (cast polypropylene) films are used in packaging and other applications. Lucintel forecasts that the LLDPE film will remain the largest segment due to its superior properties, which include high flexibility, higher tensile strength, and a high moisture barrier. The BOPP film is expected to witness the highest growth over the forecast period due to increasing demand in the food packaging industry specifically in tobacco packaging.

Within the polyolefin film market, packaging will remain the largest end use industry and it is also expected to witness the highest growth over the forecast period due to the increasing demand in food and pharma packaging applications.

Asia Pacific will remain the largest region by value and volume and it is also expected to witness the highest growth over the forecast period because of easy availability of raw materials at economical price and skilled labors. Also, growth in food packaging market and construction activities are also expected to increase the demand for polyolefin film.

Emerging trends, which have a direct impact on the dynamics of the polyolefin (POF) film industry, include bio-based polyolefin film and development of nano-clay based polyolefin film. Jindal Poly Films, Mitsui Chemicals Tocello, Toray, Berry Plastics C, Toyobo, and Amcor Flexible are among the major manufacturers of polyolefin film.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global polyolefin (POF) film market by polymer, technology, film type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Polyolefin (POF) Film Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global polyolefin (POF) film market by polymer, technology, film type, end use industry, and region as follows:

By End Use Industry [Volume (million tons) and $M shipment analysis for 2013 – 2024]:

• Packaging

− Food Packaging

− Other Packaging

• Construction

• Agricultural

• Others

By Polymer Type [Volume (million tons) and $M shipment analysis for 2013 – 2024]:

• Polyethylene (PE)

− LLDPE (Linear Low-Density Polyethylene)

− LDPE (Low-Density Polyethylene)

− HDPE (High-Density Polyethylene)

• Polypropylene (PP)

− BOPP (Bi-axially Oriented Polypropylene)

− CPP (Cast Polypropylene)

By Technology [Volume (million tons) and $M shipment analysis for 2013 – 2024]:

• Blown film extrusion

• Cast film extrusion

• Others

By Film Type [Volume (million tons) and $M shipment analysis for 2013 – 2024]:

• Shrink Film

• Stretch Film

• Linear & Others

By Region [Volume (million tons) and $M shipment analysis for 2013 – 2024]:

• North America

− US

− Canada

− Mexico

• Europe

− Russia

− Germany

− United Kingdom

− France

• Asia Pacific

− China

− India

− Japan

• The Rest of the World

This 190-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include chemical market research reports, chemical industry analysis report, commercial due diligence report, business strategy consulting and market research reports online.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.