PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1577121
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1577121
According to Stratistics MRC, the Global Multilayer Blown Films Market is accounted for $8.51 billion in 2024 and is expected to reach $13.28 billion by 2030 growing at a CAGR of 7.7% during the forecast period. Multilayer blown films are advanced packaging materials created by extruding multiple layers of polymer simultaneously through a blown film process. This technique involves melting polymers and forming a tube, which is then inflated to create thin, flexible films. Each layer can consist of different materials, allowing for tailored properties such as enhanced barrier performance, mechanical strength, and transparency. The combination of layers can provide optimal protection against moisture, oxygen, and UV light, making multilayer films ideal for packaging food, pharmaceuticals, and consumer goods.
According to USDA Foreign Agricultural Service, China accounted for more than half of global food & beverage revenue and the production volume increased by 6.3% in 2021.
Increasing disposable income in emerging markets
The rise in disposable income in emerging markets is significantly boosting the demand for multilayer blown films, which are widely used in packaging applications due to their durability and versatility. As consumers gain greater purchasing power, they seek high-quality, innovative packaging solutions for a variety of products, from food and beverages to pharmaceuticals. Multilayer blown films offer excellent barrier properties, enhancing product shelf life and safety, which aligns with the growing consumer preference for premium products. As manufacturers in emerging markets increasingly adopt advanced packaging technologies to cater to this demand, the multilayer blown films market is poised for substantial growth.
Price sensitivity
Price sensitivity in the multilayer blown films market significantly impacts manufacturers and consumers alike. As competition intensifies, customers are increasingly focused on cost, often prioritizing lower-priced alternatives over higher-quality products. This shift in consumer behavior forces producers to adjust pricing strategies, which can compromise profit margins and drive down product quality. The availability of cheaper, single-layer films further exacerbates this issue, as they often meet basic packaging needs at a fraction of the cost. The result is a challenging landscape where manufacturers must balance cost efficiency with the need to innovate and maintain product integrity.
Sustainability trends
Sustainability trends are significantly enhancing the development and application of multilayer blown films, driven by a growing demand for environmentally friendly packaging solutions. Innovations in materials, such as bio-based resins and recycled polymers, are increasingly incorporated into multilayer structures, allowing for improved barrier properties while reducing reliance on fossil fuels. Furthermore, manufacturers are also focusing on optimizing production processes to minimize energy consumption and waste, leading to more efficient and eco-friendly operations.
Regulatory challenges
Regulatory challenges significantly impact the multilayer blown film industry by imposing stringent standards related to environmental sustainability, safety and product performance. As governments worldwide tighten regulations on plastic usage and waste management, manufacturers face increased pressure to comply with eco-friendly practices, including the use of recyclable or biodegradable materials. Compliance with safety regulations-such as those governing food packaging-demands rigorous testing and certification processes, which can be time-consuming and costly.
The COVID-19 pandemic significantly impacted the multilayer blown film industry, affecting production, supply chains, and market demand. With lockdowns and restrictions, many manufacturing facilities faced temporary shutdowns, leading to reduced output and delays in fulfilling orders. The disruption in the supply chain for raw materials, particularly polymers, caused shortages and increased costs. Overall, while the pandemic presented challenges, it also catalyzed shifts in technology and product development, shaping the future of the multilayer blown film market.
The Pouches segment is expected to be the largest during the forecast period
Pouches segment is expected to be the largest during the forecast period, driven by the growing demand for flexible packaging solutions across various industries. These films, composed of multiple layers, offer enhanced barrier properties, improving the preservation of food, pharmaceuticals, and consumer goods. Innovations in material science have enabled the development of films that provide better moisture, oxygen, and light barriers, extending product shelf life and reducing waste. This versatility makes multilayer blown films ideal for producing pouches that cater to specific applications, from stand-up pouches to resealable options.
The Polyethylene segment is expected to have the highest CAGR during the forecast period
Polyethylene segment is expected to have the highest CAGR during the forecast period, by incorporating polyethylene into multilayer structures, manufacturers can optimize film characteristics, such as flexibility, durability, and sealability. The combination of different polyethylene grades allows for tailored properties; for instance, low-density polyethylene (LDPE) provides excellent transparency and seal strength, while linear low-density polyethylene (LLDPE) enhances puncture resistance and stretchability. The layering of various materials can create effective barriers against moisture, gases and contaminants, extending the shelf life of packaged goods.
North America region is anticipated to command the largest share of the Multilayer Blown Films Market over the extrapolated period, by fostering innovation and improving production efficiencies. Industry players are increasingly joining forces with material suppliers, technology developers, and research institutions to leverage combined expertise and resources. These collaborations enable companies to develop advanced film technologies that meet evolving consumer demands for sustainability and performance. For instance, partnerships focused on biodegradable materials and recycling technologies are gaining traction, addressing environmental concerns while enhancing product functionality across the region.
Europe region is estimated to witness profitable growth during the projected period. Stricter environmental standards are driving manufacturers to develop films that minimize plastic waste and improve recyclability. The EU's focus on the Circular Economy Action Plan encourages the use of recyclable materials and eco-friendly production processes, which are essential for compliance. These regulations not only push companies to adopt advanced technologies but also foster collaboration across the supply chain to create more efficient, sustainable products. Financial incentives and funding for research into biodegradable and renewable materials are accelerating development in the sector.
Key players in the market
Some of the key players in Multilayer Blown Films market include Amcor plc, BASF SE, Berry Global Inc, DuPont de Nemours, Inc, Inteplast Group Corporation, Kraton Corporation, Mondi Group, Novolex Holdings, LLC, Sealed Air Corporation and Sinopec Limited.
In October 2022, PLASTAR constructed the multi-layer co-extrusion plastic blown film equipment after years of research and development in practice. Its goal is to provide the benefits of diverse materials while avoiding the disadvantages of a single material or a single-layer blown film process.
In July 2022, Ineos Olefins & Polymers announced a USD 50 million investment in a new blown film line. Hosokawa Alpine's inline MDO-multilayer line will let the business collaborate with converters, brands, and retailers to create simpler, reusable flexible packaging film.