Forming Films Market - Global Industry Analysis, Size, Share, Growth, Trend and Forecast 2016 - 2024

Forming Films Market - Global Industry Analysis, Size, Share, Growth, Trend and Forecast 2016 - 2024

  • Transparency Market Research
  • Ongoing
  • Packaging

Report Description

Forming Films Market: Introduction

Packaging plays an important role in product differentiation as well as to increase the shelf life of the product.  Packaging not only defends the product during transportation from the manufacturer to the retailer, but it also avoids damage while the product sits on retail shelves. Forming films is one of the important packaging solutions for the manufacturers of dairy, meat & poultry manufacturers. Forming films are gaining traction for some useful properties such as uniform thickness, clarity and lay flat. Forming films comes in both breathable and barrier structures in order to maximize the shelf life of the product.

Forming Films: Market Dynamics

Global forming films market is expected to be primarily driven by the increasing growth of meat packaging during the forecast period. Increasing preference for meat and poultry product among consumers are positively influencing the sales of forming films in the near future. Moreover, food retail outlets are growing very fast particularly in the Europe and North America that is expected to fuel the sales of forming films. Forming films increases the shelf life of the product by creating a barrier from the moisture. In addition, forming films are also used as a packaging solution for the sea food. Also the changing life styles coupled with the rapid urbanization is also one reason for increasing demand of meat packaging that in turn positively influence the demand of forming films during the forecast period. Mainly forming films offer clear and visible external packaging that is creating a huge buzz in the overall forming films market. Increasing consumer preference towards frozen food is expected to create a massive impact in the overall market owing to the busy schedule of the consumer coupled with the preference of ready to eat foods. Forming films is also used in the bakery & confectionary product that is further driving the demand of the forming films market. Moreover, forming fills also used in different pharmaceutical products such as surgical kits, tubing sets, gauze, syringes etc. Mounting growth of dairy industry is also anticipated to stimulate the sales of forming films owing to the massive usage in cheese packaging.

Forming Films: Market Segmentation

The global forming fills market is segmented on the basis of material type, film structure, Barrier film type and application

Based on the material type the global forming films market is segmented into:

  • PET
  • RPET
  • Bio – PET
  • PP
  • HIPS

Based on the film structure the global forming films market is segmented into:

  • Monolayer
  •  3 Layer
  •  5 Layer  
  • 7 Layer
  •  More Than 7 layers

Based on the barrier film type the global forming films market is segmented into:

  • Low Barrier (>300 cc-mil/m2-atm)
  •  Medium Barrier (300 to 500 cc-mil/m2-atm)
  • High Barrier (50 to 10 cc-mil/m2-atm)
  •  Ultra High Barrier (<10 cc-mil/m2-atm)

Based on the application the global forming films market is segmented into:

  • Food
  • Pharmaceutical

Food segment is also sub segmented such as Meat products, Ready to eat foods, dairy, bakery and pet food

Forming Films Regional Outlook

In terms of geography, the global forming films market has been divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East. North America is expected to remain its dominance as compare to the other regions during the forecast period owing to the massive demand of meat & poultry packaging along with the demand of bakery industry. Asia Pacific is expected to witness highest CAGR for the growing demand of food industry. Also, presence of developing economies like India, China and ASEAN countries are further propelling the sales of forming films during the forecast period. Europe is also expected to witness a healthy growth during the forecast period. Latin America is also expected to witness moderate growth owing to the increasing growth of dairy products in Argentina.

Forming Films Market: Key players

Some of the key players in the global forming films market are Bemis Company Inc, Advanced Barrier Extrusions, LLC., Coveris Holdings S.A., Clear Lam Packaging, Inc., Sealed Air Corporation,  Kendall Packaging Corporation., Flexaco etc. 

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market  

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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