Polyethylene Films Market Growth Report 2021 to 2031
The Polyethylene Films Market is expected to register a CAGR of 4% from 2023 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.
The polyethylene films market report is segmented by material (low-density polyethylene films, linear low-density polyethylene films, high-density polyethylene films, and bio polyethylene films). The market is segmented based on the end-use industry (food, beverages, personal care and cosmetics, homecare and toiletries, pharmaceuticals, and others). The global analysis is further broken down at the regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis, segments, regions, and countries. The report covers market trends, as well as market dynamics such as drivers, restraints, and key opportunities. The report also covers industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market.
Purpose of the ReportThe report Polyethylene Films Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Polyethylene Films Market Segmentation
Material- Low-Density Polyethylene Films
- Linear Low-Density Polyethylene Films
- High-Density Polyethylene Films
- Bio Polyethylene Films
- Food
- Beverages
- Personal Care and Cosmetics
- Homecare and Toiletries
- Pharmaceuticals
Strategic Insights
Polyethylene Films Market Growth Drivers- Surge in Flexible Packaging: The driving force behind the demand for polyethylene films is the surge in flexible packaging. Polyethylene films are light in weight, strong, and possess excellent barrier properties against moisture, gases, and contaminants, which makes them perfectly suitable for packaging a variety of products including food and beverages to consumer goods, pharmaceuticals, and industrial products. Along with this general global trend of rising demand for easy, inexpensive, and sustainable packaging products, more specifically food and retail, the demand for polyethylene films in flexible packaging is on the rise. As a matter of fact, the growth in e-commerce becomes one big trigger in the creation of demand as its need to achieve secure and protective packaging weighs in.
- Sustainability and Recycling Trends: Consumer and regulatory interest in sustainability has been the biggest mover for polyethylene films. Polyethylene films can be recycled mainly in the forms of high-density polyethylene, called HDPE, and low-density polyethylene, known as LDPE. As governments around the world introduce higher environmental regulations, in tandem with consumers demanding more eco-friendly packaging, recycling and reuse of polyethylene films are gaining momentum. Another aspect that makes polyethylene films more attractive for sustainable packaging is recycling into other new products, such as fresh packaging materials or construction items.
- Crucial Application in Modern Agriculture, Supporting Growth in Food Production: The applications of polyethylene films have been mostly recorded in agriculture for greenhouse covering, mulching, and crop protection. Its hardness, UV resistance, and capability to maintain climatic conditions within crops inside the cover have made it the favorite modern farming technique. Sustained need for global food production will further increase as the population increases. The agriculture sector is likely to continue demanding polyethylene films in the near future. Higher agricultural sophistication and increasing food security demands from the farmers will also enhance the demand for polyethylene films in farming activities to fuel market growth, particularly in regions whose agricultural activities are growing.
- Growing Demand Sustainable Packaging Solutions: These films also meet the current trend towards sustainability, and that is why films related to renewables, such as sugarcane and corn for bio-based polyethylene films, are highly in demand. This is an effort to produce such films which match in performance with that of the petroleum-based polyethylene, but are environmentally friendly. Another growing area of biodegradable polyethylene films is also gaining momentum in that they slowly degrade because of natural aging, which enables them as an alternative source of plastic packaging, mainly on food and beverage packaging. This will be the future of the market because these innovative sustainable polyethylene film options really help in trying to alleviate the growing environmental concerns about plastic waste.
- Demand for Thinner, Tougher Polyethylene Films: Thinner yet tougher polyethylene films will also increase demand as producers continue to seek improved performance with reduced material usage. Advances in film extrusion technology and new additives designed to enhance the strength and flexibility of polyethylene films as well as improve barrier properties from such a film lead to the development of high-performance films that will still meet the protection needs of goods. This is without the unprecedented pressure for efficient, environment-friendly packaging solutions that can ensure goods are sufficiently secured to meet accepted quality and protection standards sought after in industries as disparate as food and pharmaceuticals.
- Smart Packaging Integration: One of the trends seen in the polyethylene film market is an increase in smart packaging technology adoption. Smart films have features like QR codes, temperature indicators, and freshness sensors, all within a film, so its use can be employed to pack food, pharmaceuticals, etc. Consumers can trace the quality and freshness of the product instantaneously and also determine the shelf life. With more demand for digital and intelligent packaging solutions, polyethylene films with integrated smart packaging technologies will represent these attributes in the future. All these innovations add consumer convenience, optimization of supply chain management, and safety, as well as traceability to the improvement of the product.
- Growth in Emerging Markets: The Asia-Pacific, Latin American, and Middle East regions have the largest growth potential for polyethylene films. Continued rapid industrialization and urbanization across the regions are expected to raise the need for packaging, and flexible packaging in particular. Growth in the food and beverage, retail, and e-commerce sectors is also expected as disposable incomes rise and consumer preference shifts increase and require more polyethylene films. Getting More Ground in Regions: Firms that could expand their business there or set up local manufacturing facilities would be the gainers of increased demand for polyethylene-based packaging material.
- E-Commerce Growth: Growth in the e-commerce sector, more so during and post the COVID-19 period, is massive for the polyethylene films market. Increasing demand for the protection packaging of items sold online, such as clothes and electronics plus fragile items, has been very common. Such goods require polyethylene films for packaging in protective mailers, shrink wraps, and bubble wraps. In general, such films are used to ensure the damage-free delivery of goods. Therefore, with the expansion of the global e-commerce market, at least those designed to meet the specific needs of online retail will also be in high demand.
- Sustainability Trends Fuel Innovation in Eco-Friendly Polyethylene Films: With the exponential growth of consumerism of sustainability, there is a huge scope in polyethylene films to focus on the eco-friendly approach. Companies that are investing efforts into developing recyclable, biodegradable, or bio-based polyethylene films will find themselves positioned very well to face the ever-changing preferences of an environmentally aware consumer. These consist, on the one hand, of films that are processed and easier to recycle or built from post-consumer recycled content, or PCR. Programs of this nature will only further athletic competitive edges to the producers who remain true to sustainability. This will most probably push the demand for new innovative green solutions in packaging sometime soon.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Polyethylene Films Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Polyethylene Films Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The Polyethylene Films Market is estimated to witness a CAGR of 4% from 2023 to 2031
Increasing demand for flexible packaging is driving the market growth.
Dow Inc., LyondellBasell Industries N.V., Formosa Plastics Corporation, ProAmpac LLC, Amcor Plc, Sealed Air Corporation, ExxonMobil Corporation, SABIC, Berry Global Group, and Mondi Group are the key players operating in the polyethylene films market.
Based on end-use industry, the personal care and cosmetics segment is expected to witness the fastest growth during the forecast period.
Based on geography, Asia Pacific held the largest share of the polyethylene films market due to the strong growth of the food and beverages industry.
Shift towards bio-based and biodegradable films is expected to be the key market trends.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Polyethylene Films Market - By Technology
1.3.2 Polyethylene Films Market - By Type
1.3.3 Polyethylene Films Market - By Material
1.3.4 Polyethylene Films Market - By Application
1.3.5 Polyethylene Films Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. POLYETHYLENE FILMS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. POLYETHYLENE FILMS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. POLYETHYLENE FILMS MARKET - GLOBAL MARKET ANALYSIS
6.1. POLYETHYLENE FILMS - GLOBAL MARKET OVERVIEW
6.2. POLYETHYLENE FILMS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. POLYETHYLENE FILMS MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. BLOWN FILM EXTRUSION
7.3.1. Overview
7.3.2. Blown Film Extrusion Market Forecast and Analysis
7.4. CAST FILM EXTRUSION
7.4.1. Overview
7.4.2. Cast Film Extrusion Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. POLYETHYLENE FILMS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. STRETCH FILMS
8.3.1. Overview
8.3.2. Stretch Films Market Forecast and Analysis
8.4. SHRINK FILMS
8.4.1. Overview
8.4.2. Shrink Films Market Forecast and Analysis
9. POLYETHYLENE FILMS MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
9.1. OVERVIEW
9.2. MATERIAL MARKET FORECASTS AND ANALYSIS
9.3. HIGH DENSITY POLYETHYLENE (HDPE)
9.3.1. Overview
9.3.2. High Density Polyethylene (HDPE) Market Forecast and Analysis
9.4. LOW DENSITY POLYETHYLENE (LDPE)
9.4.1. Overview
9.4.2. Low Density Polyethylene (LDPE) Market Forecast and Analysis
10. POLYETHYLENE FILMS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. BEVERAGE PACKAGING
10.3.1. Overview
10.3.2. Beverage Packaging Market Forecast and Analysis
10.4. FOOD PACKAGING
10.4.1. Overview
10.4.2. Food Packaging Market Forecast and Analysis
10.5. AGRICULTURE FILMS
10.5.1. Overview
10.5.2. Agriculture Films Market Forecast and Analysis
10.6. HOUSEHOLD ITEMS
10.6.1. Overview
10.6.2. Household Items Market Forecast and Analysis
10.7. OTHERS
10.7.1. Overview
10.7.2. Others Market Forecast and Analysis
11. POLYETHYLENE FILMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Polyethylene Films Market Overview
11.1.2 North America Polyethylene Films Market Forecasts and Analysis
11.1.3 North America Polyethylene Films Market Forecasts and Analysis - By Technology
11.1.4 North America Polyethylene Films Market Forecasts and Analysis - By Type
11.1.5 North America Polyethylene Films Market Forecasts and Analysis - By Material
11.1.6 North America Polyethylene Films Market Forecasts and Analysis - By Application
11.1.7 North America Polyethylene Films Market Forecasts and Analysis - By Countries
11.1.7.1 Canada Polyethylene Films Market
11.1.7.1.1 Canada Polyethylene Films Market by Technology
11.1.7.1.2 Canada Polyethylene Films Market by Type
11.1.7.1.3 Canada Polyethylene Films Market by Material
11.1.7.1.4 Canada Polyethylene Films Market by Application
11.1.7.2 Mexico Polyethylene Films Market
11.1.7.2.1 Mexico Polyethylene Films Market by Technology
11.1.7.2.2 Mexico Polyethylene Films Market by Type
11.1.7.2.3 Mexico Polyethylene Films Market by Material
11.1.7.2.4 Mexico Polyethylene Films Market by Application
11.1.7.3 US Polyethylene Films Market
11.1.7.3.1 US Polyethylene Films Market by Technology
11.1.7.3.2 US Polyethylene Films Market by Type
11.1.7.3.3 US Polyethylene Films Market by Material
11.1.7.3.4 US Polyethylene Films Market by Application
11.2. EUROPE
11.2.1 Europe Polyethylene Films Market Overview
11.2.2 Europe Polyethylene Films Market Forecasts and Analysis
11.2.3 Europe Polyethylene Films Market Forecasts and Analysis - By Technology
11.2.4 Europe Polyethylene Films Market Forecasts and Analysis - By Type
11.2.5 Europe Polyethylene Films Market Forecasts and Analysis - By Material
11.2.6 Europe Polyethylene Films Market Forecasts and Analysis - By Application
11.2.7 Europe Polyethylene Films Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Polyethylene Films Market
11.2.7.1.1 Germany Polyethylene Films Market by Technology
11.2.7.1.2 Germany Polyethylene Films Market by Type
11.2.7.1.3 Germany Polyethylene Films Market by Material
11.2.7.1.4 Germany Polyethylene Films Market by Application
11.2.7.2 France Polyethylene Films Market
11.2.7.2.1 France Polyethylene Films Market by Technology
11.2.7.2.2 France Polyethylene Films Market by Type
11.2.7.2.3 France Polyethylene Films Market by Material
11.2.7.2.4 France Polyethylene Films Market by Application
11.2.7.3 Italy Polyethylene Films Market
11.2.7.3.1 Italy Polyethylene Films Market by Technology
11.2.7.3.2 Italy Polyethylene Films Market by Type
11.2.7.3.3 Italy Polyethylene Films Market by Material
11.2.7.3.4 Italy Polyethylene Films Market by Application
11.2.7.4 United Kingdom Polyethylene Films Market
11.2.7.4.1 United Kingdom Polyethylene Films Market by Technology
11.2.7.4.2 United Kingdom Polyethylene Films Market by Type
11.2.7.4.3 United Kingdom Polyethylene Films Market by Material
11.2.7.4.4 United Kingdom Polyethylene Films Market by Application
11.2.7.5 Russia Polyethylene Films Market
11.2.7.5.1 Russia Polyethylene Films Market by Technology
11.2.7.5.2 Russia Polyethylene Films Market by Type
11.2.7.5.3 Russia Polyethylene Films Market by Material
11.2.7.5.4 Russia Polyethylene Films Market by Application
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Polyethylene Films Market Overview
11.3.2 Asia-Pacific Polyethylene Films Market Forecasts and Analysis
11.3.3 Asia-Pacific Polyethylene Films Market Forecasts and Analysis - By Technology
11.3.4 Asia-Pacific Polyethylene Films Market Forecasts and Analysis - By Type
11.3.5 Asia-Pacific Polyethylene Films Market Forecasts and Analysis - By Material
11.3.6 Asia-Pacific Polyethylene Films Market Forecasts and Analysis - By Application
11.3.7 Asia-Pacific Polyethylene Films Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Polyethylene Films Market
11.3.7.1.1 Australia Polyethylene Films Market by Technology
11.3.7.1.2 Australia Polyethylene Films Market by Type
11.3.7.1.3 Australia Polyethylene Films Market by Material
11.3.7.1.4 Australia Polyethylene Films Market by Application
11.3.7.2 China Polyethylene Films Market
11.3.7.2.1 China Polyethylene Films Market by Technology
11.3.7.2.2 China Polyethylene Films Market by Type
11.3.7.2.3 China Polyethylene Films Market by Material
11.3.7.2.4 China Polyethylene Films Market by Application
11.3.7.3 India Polyethylene Films Market
11.3.7.3.1 India Polyethylene Films Market by Technology
11.3.7.3.2 India Polyethylene Films Market by Type
11.3.7.3.3 India Polyethylene Films Market by Material
11.3.7.3.4 India Polyethylene Films Market by Application
11.3.7.4 Japan Polyethylene Films Market
11.3.7.4.1 Japan Polyethylene Films Market by Technology
11.3.7.4.2 Japan Polyethylene Films Market by Type
11.3.7.4.3 Japan Polyethylene Films Market by Material
11.3.7.4.4 Japan Polyethylene Films Market by Application
11.3.7.5 South Korea Polyethylene Films Market
11.3.7.5.1 South Korea Polyethylene Films Market by Technology
11.3.7.5.2 South Korea Polyethylene Films Market by Type
11.3.7.5.3 South Korea Polyethylene Films Market by Material
11.3.7.5.4 South Korea Polyethylene Films Market by Application
11.3.7.6 Rest of Asia-Pacific Polyethylene Films Market
11.3.7.6.1 Rest of Asia-Pacific Polyethylene Films Market by Technology
11.3.7.6.2 Rest of Asia-Pacific Polyethylene Films Market by Type
11.3.7.6.3 Rest of Asia-Pacific Polyethylene Films Market by Material
11.3.7.6.4 Rest of Asia-Pacific Polyethylene Films Market by Application
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Polyethylene Films Market Overview
11.4.2 Middle East and Africa Polyethylene Films Market Forecasts and Analysis
11.4.3 Middle East and Africa Polyethylene Films Market Forecasts and Analysis - By Technology
11.4.4 Middle East and Africa Polyethylene Films Market Forecasts and Analysis - By Type
11.4.5 Middle East and Africa Polyethylene Films Market Forecasts and Analysis - By Material
11.4.6 Middle East and Africa Polyethylene Films Market Forecasts and Analysis - By Application
11.4.7 Middle East and Africa Polyethylene Films Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Polyethylene Films Market
11.4.7.1.1 South Africa Polyethylene Films Market by Technology
11.4.7.1.2 South Africa Polyethylene Films Market by Type
11.4.7.1.3 South Africa Polyethylene Films Market by Material
11.4.7.1.4 South Africa Polyethylene Films Market by Application
11.4.7.2 Saudi Arabia Polyethylene Films Market
11.4.7.2.1 Saudi Arabia Polyethylene Films Market by Technology
11.4.7.2.2 Saudi Arabia Polyethylene Films Market by Type
11.4.7.2.3 Saudi Arabia Polyethylene Films Market by Material
11.4.7.2.4 Saudi Arabia Polyethylene Films Market by Application
11.4.7.3 U.A.E Polyethylene Films Market
11.4.7.3.1 U.A.E Polyethylene Films Market by Technology
11.4.7.3.2 U.A.E Polyethylene Films Market by Type
11.4.7.3.3 U.A.E Polyethylene Films Market by Material
11.4.7.3.4 U.A.E Polyethylene Films Market by Application
11.4.7.4 Rest of Middle East and Africa Polyethylene Films Market
11.4.7.4.1 Rest of Middle East and Africa Polyethylene Films Market by Technology
11.4.7.4.2 Rest of Middle East and Africa Polyethylene Films Market by Type
11.4.7.4.3 Rest of Middle East and Africa Polyethylene Films Market by Material
11.4.7.4.4 Rest of Middle East and Africa Polyethylene Films Market by Application
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Polyethylene Films Market Overview
11.5.2 South and Central America Polyethylene Films Market Forecasts and Analysis
11.5.3 South and Central America Polyethylene Films Market Forecasts and Analysis - By Technology
11.5.4 South and Central America Polyethylene Films Market Forecasts and Analysis - By Type
11.5.5 South and Central America Polyethylene Films Market Forecasts and Analysis - By Material
11.5.6 South and Central America Polyethylene Films Market Forecasts and Analysis - By Application
11.5.7 South and Central America Polyethylene Films Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Polyethylene Films Market
11.5.7.1.1 Brazil Polyethylene Films Market by Technology
11.5.7.1.2 Brazil Polyethylene Films Market by Type
11.5.7.1.3 Brazil Polyethylene Films Market by Material
11.5.7.1.4 Brazil Polyethylene Films Market by Application
11.5.7.2 Argentina Polyethylene Films Market
11.5.7.2.1 Argentina Polyethylene Films Market by Technology
11.5.7.2.2 Argentina Polyethylene Films Market by Type
11.5.7.2.3 Argentina Polyethylene Films Market by Material
11.5.7.2.4 Argentina Polyethylene Films Market by Application
11.5.7.3 Rest of South and Central America Polyethylene Films Market
11.5.7.3.1 Rest of South and Central America Polyethylene Films Market by Technology
11.5.7.3.2 Rest of South and Central America Polyethylene Films Market by Type
11.5.7.3.3 Rest of South and Central America Polyethylene Films Market by Material
11.5.7.3.4 Rest of South and Central America Polyethylene Films Market by Application
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. POLYETHYLENE FILMS MARKET, KEY COMPANY PROFILES
13.1. AEP INDUSTRIES
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. AKRON PORCELAIN AND PLASTICS CO
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. AMCOR LIMITED
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. DUPONT TEIJIN FILMS
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. FLUORO-PLASTICS INC.
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. INNOVIA FILMS LIMITED
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. JINDAL POLY FILMS LIMITED
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. NOW PLASTICS, INC.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. PRIMEX PLASTICS CORP.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. SENOPLAST KLEPSCH AND CO. GMBH
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. AEP Industries
2. Akron Porcelain and Plastics Co
3. Amcor Limited
4. DuPont Teijin Films
5. Fluoro-Plastics Inc.
6. Innovia Films Limited
7. Jindal Poly Films Limited
8. Now Plastics, Inc.
9. Primex Plastics corp.
10. Senoplast Klepsch and Co. GmbH
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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