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I AgreeAnalysis of Laminated Packaging Films market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Laminated packaging films are used to wrap or protect a product or container from environmental damages. The laminated packaging films can be made of plastic, paper, metal or other materials, in which plastic is the mostly used material. The food & beverages industry is the major consumer of laminated packaging films. To give an aesthetical view to the packaged product, most of the end-use industries apply laminated packaging films. The laminated packaging films help to extend the shelf life of the products by avoiding the influence of external elements to the products. Laminated packaging films act as a barrier from oxygen, water, and odour. The growth of the pharmaceutical and personal care & cosmetics industries is expected to boost the growth of the global laminated packaging films market.
The demand for laminated packaging films is increasing over the time due to the adoption of high-quality packaging solutions by the food & beverages and pharmaceutical industries. These two industries use laminated packaging films in almost all the application of primary packaging. The laminated packaging films manufacturers are focussing on developing high-quality and high barrier films, which will be cost-effective and easy to apply. The stringent regulations on the use of plastic material for laminated packaging films is expected to hamper the growth of the global market. The leading players in the laminated packaging films market of North America and Europe are concentrating on the emerging regions to increase their revenue. The use of laminated packaging films in the manufacturing of bags & pouches is trending among the manufacturers.
The global laminated packaging films market is estimated to witness rapid growth during the forecast period due to the overall growth in the packaging industry. Asia Pacific, Europe, and North America are estimated to be the key players in the global laminated packaging films market. Due to growing industrialization in China & India, the Asia Pacific laminated packaging films market is projected to account high share as compared to the other regions. As the home of large capacity films manufacturers, North America is expected to be the second large market for laminated packaging films. The U.K., Germany, France, and Italy are expected to be the key markets in Western Europe. In Latin America, Mexico, Brazil, and Argentina are estimated to hold high share during the forecast period. The Middle East & Africa laminated packaging films market is projected to witness slow growth during the forecast period.
The global laminated packaging films market is segmented on the basis of thickness, material type, application, and end-use industry.
On the basis of thickness, the global laminated packaging films market is segmented as:
On the basis of material type, the global laminated packaging films market is segmented as:
On the basis of application, the global laminated packaging films market is segmented as:
On the basis of end-use industry, the global laminated packaging films market is segmented as:
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Examples of some of the key players operating in the global laminated packaging films market are:
The research report presents a comprehensive assessment of the market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, thickness, material type, application type, and end-user industry.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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The laminated packaging films market is likely to grow at a CAGR of 5.6% during the forecast period
The market is expanding owing to the increasing adoption of high-quality packaging solutions by the food & beverages and pharmaceutical industries.
Manufacturers are likely to find the most opportunities in the Asia Pacific.