Sarasota, FL -- (SBWire) -- 04/09/2019 --Global Multi-layer Blown Films Market: Overview

Multi-layer blown films are co-extruded films which exhibits different properties when blended with different polymer materials. They are manufactured with blown technology which includes extrusion of polymer material through a circular die, which is then followed by bubble expansion. Multi-layer blown films are used for barrier properties.

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Global Multi-layer Blown Films Market: Growth Factors

Multi-layer blown films market growth is driven by the massive demand for efficient packaging solutions across myriad industries. Multilayer blown films with its eminent features such as high film strength and puncture resistance provides additional strength for packaging. Massive use of these products in food & beverage industries, healthcare and electronics industries will augment the multi-layer blown films market revenue over the coming years. Furthermore, escalating demand for FMCG (Fast Moving Consumer Goods) among the consumers is also contributing towards the growth of global multilayer blown films market. Macroeconomic factors such as contribution of flexible packaging to the GDP and rise in disposable income of the middle class population are some of the key factors driving the growth of global multilayer blown films market. However, manufacturing process complexity of multilayer blown films as compared to monolayer blown films might retard the growth of global multilayer blown films market in the near future.

Global Multi-layer Blown Films Market: Segmentation

The global multi-layer blown films market can be classified into layer type, application, material type, film type, and end use. On the basis of layer type, the market is sectored into 2-Layer, 3-Layer, 5-Layer, 7-Layer, 9-Layer, 11-Layer, and Others. Application wise, the market is segmented into Bags, Pouches, Lids, Wraps, and Others. Based on the film type, the multi-layer blown films market can be segmented into Shrink Film, Stretch Film, and Specialty Film. Material type wise, the market is classified into Polyethylene (PE), EVOH, Polyamide, PVdC, EVA, Polypropylene, and Others. Based on the end use, the multi-layer blown films market is divided into Agriculture, Pharmaceuticals, Food & Beverage, Textile, Consumer Goods, and Others.

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Global Multi-layer Blown Films Market: Regional Analysis

Based on regions, the global multi-layer blown films market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

North America is projected to contribute a large chunk of share towards multi-layer blown films market, owing to the massive presence of major end-use industries of multilayer blown films such as food and pharmaceutical firms in the region in comparison with other regions. Asia Pacific multi-layer blown films market is predicted to follow North American market. Asia Pacific market will record a healthy growth over the assessment timeline, owing to the rapid industrialization and rise in the multilayer blown films manufacturing industries in the region. Europe will be the third largest regional revenue contributor towards the overall multi-layer blown films market. Germany is anticipated to contribute majorly towards the regional market growth.

Latin America and the Middle East and Africa are projected to contribute notably towards the overall multi-layer blown films market revenue. They have huge growth potential and are the markets with untapped potential.

Global Multi-layer Blown Films Market: Competitive Players

Some of key players in multi-layer blown films market are Scientex Berhad, Berry Global Group Inc., Coveris Holdings S.A., Winpak Ltd., Loparex LLC, Proampac LLC, Next Gen Films Inc., RKW Hyplast Nv, borealis AG, and Korozo Ambalaj San.ve Tic A.S.

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Global Multi-layer Blown Films Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa