Global PE Films Market Outlook

  • In 2016, the global PE films demand was valued at ~49.1 MMT. Until 2021, it is expected to grow at a CAGR of 4–5 percent, to reach ~60.77 MMT. The top global suppliers are expanding their capacity to meet the increasing demand
  • The key growth drivers for PE films are:–Growing end-use demand from the FMCG segment, and–Packaged-food industry

pe-films-market-size

Global PE Films End-use Spilt

  • The packaging sector consumes 60 percent of the total PE films produced, out of which, food packaging and non-food packaging sectors hold 22 percent and 38 percent, respectively. Non-packaging sector accounts for the rest, 40 percent 
  • In 2016, approximatly 10.9 MMT of PE films were used for the food packaging segment globally. By 2021, the demand is estimated to grow at a CAGR of 5–6 percent to reach 14.2 MMT. The largest consuming applications in this sector are stretch wrap, shrink wrap, and liner films
  • In 2016, the global demand from the non-packaging sector was ~19.5 MMT of PE films. By 2021, it is estimated to grow at a CAGR of around 3.48 percent to reach 23.07 MMT. In the non-packaging sector, PE films are primarily used in construction, consumer goods, agricultural and horticultural, and medical and healthcare

Major Global Trends in PE Films

  • The major trend prevailing in packaging industry is sustainability. High demand for sustainable packaging is arising from the developed regions like NA (US and Canada) and Europe (UK, Germany, France, etc.). To tackle the pollution, countries in the developing regions (APAC: China, India, etc.,) are also tending towards sustainable packaging solution

Sustainable Solutions

  • As the world is shifting towards environmental friendliness and sustainability, eco-sustainable packaging solutions will continue to foster green practices with expected introduction of new regulations relating to environmental sustainability.Impact: Various advancements in the packaging sector and products with lower carbon footprint are gaining prominence

Recycling of FilmsLightweight Packaging

  • In both developed and emerging regions, recycling of used plastic films is growing rapidly. Several new entrants have initiated the collection of used plastic packaging materials for recycling.Impact: This initiative has shown a positive impact in both waste management and reducing the carbon footprint.

Lightweight PackagingKey Takeaway

  • Packaging film manufacturers have been focusing their effort towards producing lighter packaging materials.Impact: Saves raw material costs and reduces other cost overheads