Laminated Film Market Scope
Laminated films are used for delivering flexible packaging for food, personal care products, pharmaceuticals, pet food, and other industry. The films meet the increase in demand from barrier properties, health safety, appearance, and functionality. It is available for various materials for different kinds of applications.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Rengo Co., Ltd. (Japan), Mondi Group (Austria), TCL Packaging (United Kingdom), Henkel (Germany), H.B. Fuller (United States), Dow Chemical Company (United States), Arkema (Bostik) (France), API Group Ltd. (United Kingdom), Cosmo Films (India) and MH & RE SPA (Italy) |
CAGR | % |
The market-leading players are operating in these industries are highly focusing on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and increasingly focusing on maintaining sustainable development. The marketing players are investing in securing leading positions in this industry. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Laminated Film market throughout the predicted period.
Rengo Co., Ltd. (Japan), Mondi Group (Austria), TCL Packaging (United Kingdom), Henkel (Germany), H.B. Fuller (United States), Dow Chemical Company (United States), Arkema (Bostik) (France), API Group Ltd. (United Kingdom), Cosmo Films (India) and MH & RE SPA (Italy) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Monotech Systems Limited (India), Ultralen Film GmbH (Germany) and Remington Laminations, Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Laminated Film market by Type and Region with country level break-up.
On the basis of geography, the market of Laminated Film has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In February 2023,Rengo Co., Ltd. acquired 70% stake in Nitto Cardboard Paper K.K. on February 13, 2023. For the period ended March 31, 2022, Nitto Cardboard reported sales of approximately ¥1.5 billion.
In May 2020, Dunmore announced the launch of the new metalized polyethylene film product. These products are used for labeling, packaging, and many other applications. Through this strategic initiative, the company is capturing growing requirements from the users, and also focus on increasing the customer base.
Influencing Trend:
Increase in Research & Development and The Rise in Market Competencies
Market Growth Drivers:
Growing Demand from the APAC Region Because of Rapid Increase in Population, Rising Awareness Towards Customer-Friendly Packaging and Increase in Demand from Packaged Food Industry
Challenges:
Stringent Government Regulatory Policies and Fluctuation in Prices of Raw Materials
Restraints:
Slowdown in Economy Because of Coronavirus Pandemic
Opportunities:
Increase in Trend of Multilayer Laminated Films and Development in Food Packaging Techniques
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Multilayer Laminated Films Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries