Global Multi-layer Blown Films Market Size, Share, Analysis, Trends, Growth, 2032

Global Multi-layer Blown Films Market Insights

Zion Market Research has published a report on the global Multi-layer Blown Films Market, estimating its value at USD 8.29 Billion in 2023, with projections indicating that it will reach USD 13.54 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 5.6% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Global Multi-layer Blown Films Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Global Multi-layer Blown Films Market: Overview

Multi-layer blown films are co-extruded films which exhibit different properties when blended with different polymer materials. They are manufactured using blown technology. The blown film technique uses a processing technique to produce a biaxial melt drawn film. It uses air pressure to produce a transverse direction draw and a higher speed haul-off roll speed to provide a machine direction draw. A large amount of polyethylene is processed using this technique. The polymers that can be processed using this technique are polyvinyl chloride, polyamide, and polypropylene, among others.  Multi-layer blown films are used for barrier properties.

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 provide 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 the 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. 

The material which is used in making layer structures for Multilayer Blown Film is modified by the manufacturers. This Multilayer blown film can be used in tube form or in sheet form escalating the market growth. Its applications include industry packaging, consumer packaging, laminating film, barrier film and other. Multilayer Blown Film market is expected to witness maximum revenue from 7 layer segment. This 7-layer structure of Multi-layer Blown Film consists of a barrier layer, tie-layers, and abrasion resistant layers, inner and outer layers. Rising disposable income is another factor which is driving the market growth. However, the 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. Even complexity in the banishment process is also another factor which will restrain the market growth.

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Global Multi-layer Blown Films Market: Report Scope

 Global Multi-layer Blown Films Market: Segmentation

The global multi-layer blown films market can be classified into layer type, material type, film type, manufacturing processes, product type, application and end users.

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.

Material type wise, the market is classified into Polyethylene (PE), Ethyl Vinyl Alcohol (EVOH), Polyamide, PVCD, Ethylene Vinyl Acetate (EVA), Polypropylene, and Others.

Based on the film type, the multi-layer blown films market can be segmented into Shrink Film, Stretch Film, and Specialty Film.

On the basis of manufacturing processes, the market is segmented into Blown Film Extrusion, Co-Extrusion Lamination, Cast Film Extrusion, and Co-Extrusion Coating.

Product type wise, the market is segmented into Bags, Pouches, Lids, Wraps, and Others.

Based on the application, the multi-layer blown market is segregated into Industrial Films and Bags, Lamination Films, Barrier Films, Converter-Grade Films, Printing Films, Packaging Films, and Can Liners.

Based on the end users, the multi-layer blown films market is divided into Agriculture, Pharmaceuticals, Food & Beverage, Textile, Consumer Goods, and Others.

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 the 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 the 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
• Korozo Ambalaj San.ve Tic A.S.

The global multi-layer blown film market is segmented as follows:

Based on the products:

• Pouches
• Bags
• Wraps
• Lids
• Other Products

By layer types:

• 11-Layer
• 9-Layer
• 7-Layer
• 5-Layer
• 3-Layer
• 2-Layer
• Others

By film types:

• Specialty Film
• Shrink Film
• Stretch Film

By material:

• Ethylene Vinyl Acetate
• Polypropylene
• Polyethylene
• Ethyl Vinyl Alcohol
• Polyamide
• Polyvinylidene Chloride
• Polystyrene
• Nylon
• Others

By manufacturing process:

• Blown Film Extrusion
• Co-Extrusion Lamination
• Cast Film Extrusion
• Co-Extrusion Coating

By application:

• Industrial Films
• Lamination Films
• Converter-Grade Films
• Printing Films
• Packaging Films

By end-users:

• Textile
• Electronics
• Food & Beverages
• Pharmaceutical
• Consumer Goods
• Agriculture
• Others

Global Multi-layer Blown Films Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa