Global Flexible Film Market 2024-2030

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    FLEXIBLE FILM MARKET

     

    INTRODUCTION

    Flexible film is a thin plastic sheet that can be used for insulation and packaging, among other things. It is frequently chosen due to its durability, flexibility, and water resistance. Polypropylene, polyethylene, and polyester are the main basic ingredients used to make flexible films.

     

    The increased need for packaging and industrial applications, as well as growing knowledge of the advantages of employing flexible films, are both contributing factors to the market expansion for flexible films worldwide.

     

    FLEXIBLE FILM MARKET SIZE AND FORECAST

     

    Flexible Thin Film Market

     

    The global flexible film market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

     

    FLEXIBLE FILM MARKET NEW PRODUCT LAUNCH

    The innovative, patented BOPET high barrier film F-UHB-M from Flex Films, the global film manufacturing division of flexible packaging behemoth U Flex, is about to be introduced. This film is intended to replace aluminum foil in flexible packaging applications. to be created in Flex Films’ Kentucky facility and distributed globally. A brand-new kind of gas barrier film is called F-HBP (High Barrier Product). High moisture and oxygen barriers are provided by this film for a variety of uses, including foil replacement. High Optical Density BOPET film, which has been carefully developed, provides a high barrier.

     

    The engineered-micro surface roughness of F-STF film gives it a distinctive and opulent feel. F-STF film enables brand owners a new capability in the creation of packaging that is focused on the consumer and suitable as an outer web in numerous packaging laminations. The circular economy is supported by the release of a new cast polypropylene (CPP) film for flexible packaging by Austrian maker of flexible packaging solutions Coveris. Food, pet food, and non-food products are all protected by the Coveris Print Layer (PP CPL).The items are stiffened by the new, high-performance CPP film, which is sustainable and environmentally friendly.

     

    The new CPP film offers good heat-seal resistance up to 180°C and can survive re-shrinking at high temperatures. The latest CPP film is also appropriate for polypropylene laminates and offers transparency and gloss to help companies stand out more on grocery store shelves. The new 312MET home- and industrially compostable barrier film from Israeli biodegradable plastic packaging maker TIPA is being used to package nuts and crisps.

     

    The new film is made to offer a strong barrier that works effectively without a second sealing layer. Britain consumes billions of packs of crisps and other salty snacks every year, therefore it is believed that making the packaging compostable will reduce trash without affecting consumer demand for the goods. Additionally, TIPA claims that its new design is resistant to the corrosive effects of salt and oil from the crisps and nuts it would package—a feature that, according to TIPA, was lacking from earlier iterations of similar designs.

     

    White Cast Polypropylene Film For Flexible Packaging is Introduced by Cosmo Films. With a seal strength of more than 1800 gram-force per inch and a seal initiation temperature of 950°C, the film tackles the problem of layers slipping over one another. The film serves to prevent the problem of inter-layer slippage, which helps to provide a uniform sealing area of the finished pouches. The range of the film-to-film coefficient of friction is greater than 0.4, whereas the range of the film-to-metal coefficient of friction is between 0.3 and 0.4.

     

    The film, which is excellent for flexible packaging for the lamination of noodles, biscuits, snacks, and other bakery products, has a thickness range of 25 to 40 micron. It does not require white ink.

     

    FLEXIBLE FILM MARKET DYNAMICS

    Leading international companies and research institutes have joined forces in a ground-breaking partnership coordinated by Minnesota’s MBOLD alliance to spark a regional circular economy for flexible films and packaging materials in the Upper Midwest. Together with film recycler Myles USA, Inc. and film manufacturer Charter Next Generation, MBOLD members General Mills, Schwan’s Company, Target, Ecolab, Cargill, Land O’Lakes, Inc., and the University of Minnesota are working across the value chain.

     

    Myles USA will build its first facility in the United States, a cutting-edge flexible film recycling facility, in Minnesota with funding from MBOLD members and other stakeholders.

     

    INEOS Olefins & Polymers Europe announced a multi-million Euro investment in cutting-edge technology that would allow it to collaborate with converters, brands, and retailers to develop flexible packaging film that is easier to use and more recyclable. INEOS and partners will collaborate to research, design, and produce flexible packaging film made from polyethylene and polypropylene utilizing novel multilayer, blown line technology with Machine Direction Orientation (MDO), using less polymers and thereby improving the product’s potential to be recycled.

     

    The creator of the prestigious Clear Foil, Roll print Packaging Products, is introducing yet another high-barrier innovation. Its new Exponent film is the result of a partnership between Roll print’s Clear Foil and INEOS’ Bares. The substance is intended for use in chemically delicate applications including those in the pharmaceutical industry that demand outstanding clarity and barrier.

     

    Exponent is made by extruding or adhering barrier-coated polyester Clear Foil on the Bares acrylonitrile-methyl acrylate copolymer. The first commercially available package types are projected to include flow wrap, lidding, and pre-made or inline pouching applications. Furthermore, due to its organoleptic properties, high-barrier film is perfect for the developing flexible packaging for wine and spirits market.

     

    SABIC, a market leader in the chemicals sector, has partnered with Bolsa’s de loss Altos, a major producer of plastic film and packaging, and Guangdong Jining Machinery Co., Ltd. to assist the expansion of novel applications based on polyolefins in the flexible packaging market. The partnership will give SABIC’s polyethylene resin products, including those from Gulf Coast Growth Ventures (GCGV) and TRUCIRCLE, the company’s commitment to circularity for plastics, a platform to be tested and validated in terms of performance. The installation of Jining’s multilayer coextrusion equipment at Bolsa’s’ Mexico facility will be one of the joint endeavor’s.

     

    Flexible Film Market Size

     

    Global Packaging Industry Trends

    • The major packaging companies are building strong material science research and development capability and introducing several new recycle ready products
    • Packaging companies continue to invest in flexible manufacturing assets that can be quickly converted to produce alternative products
    • In the packaging industry supply chain, there has been a notable trend toward consolidation among suppliers of principal raw materials, ultimately giving them more control over pricing
    • Beverage packaging demand mainly beer and soft drinks grew across all major markets 
    • Food service packaging and pet care packaging continue to grow worldwide 

     

    Green Packaging Trends

    • Companies continue to invest to build sustainable material based packaging with improved design, increased shelf life without losing crucial nutrients
    • Packaging made of plant based fibers and bio-resins continue to grow in popularity

     

    FLEXIBLE FILM MARKET COMPANY PROFILE

     

    FLEXIBLE FILM MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. What is the average cost per global flexible film market right now and how will it change in the next 5-6 years?
    2. Average cost to set up a global flexible film market in the US, Europe and China?
    3. How many global flexible film markets are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    4. What is happening in the overall public, globally?
    5. Cost breakup of a global flexible film market and key vendor selection criteria
    6. Where is the global flexible film market manufactured? What is the average margin per equipment?
    7. Market share of global flexible film market manufacturers and their upcoming products
    8. The most important planned global flexible film market in next 2 years
    9. Details on network of major global flexible film market and pricing plans
    10. Cost advantage for OEMs who manufacture global flexible film market in-house
    11. 5 key predictions for next 5 years in global flexible film market
    12. Average B-2-B global flexible film market price in all segments
    13. Latest trends in global flexible film market, by every market segment
    14. The market size (both volume and value) of the global flexible film market in 2024-2030 and every year in between?
    15. Global production breakup of the global flexible film market, by suppliers and their OEM relationship

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive Innovation in the Industry
    10 Technology Trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in the US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on the point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End Use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in the past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in the past 12 months
    26 M&A in the past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunities for new suppliers
    31 Conclusion
    32 Appendix
     
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