The global market for Multi-layer Blown Film was valued at US$ 5.7 billion in 2017. The market is forecast to expand at a CAGR of 4.4% during the forecast period, 2018-2026.
Multi-layer Blown Films are co-extruded films which exhibits different properties when blended with different polymer materials. Multi-layer blown films are used for barrier properties. For instance, thermoforming film manufactured by blown extrusion is used for poultry, cheese, and sea foods. Multi-layer blown films includes various applications such as manufacturing bags, pouches, lids and wraps among others. Multi-layer Blown Film are made from extruders where polymer material is passed through a circular die and then followed by bubble expansion. Multi-layer Blown Films provides heat resistance which helps in transition of goods in variable temperatures. Multi-layer blown films also includes stretch films, shrink films & specialty films.
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The global market for Multi-layer Blown Film is segmented as material type, layer type, application type, film type, and end use. Multi-layer Blown Film has UV stability which makes it more preferable for use. The number of layers in co-extruded films is the crucial factor as it increases the performance of Multi-layer Blown Films. Multi-layer Blown films are used most commonly in Food & Beverage industry, for efficient food packaging. These films can have a variety of structures, which results into different properties as per the consumer demands. The 7-layer structure of Multi-layer Blown Film includes a barrier layer, tie-layers, abrasion resistant layers, inner and outer layers. The inner and outer layer may be two or more than two layers. Multi-layer Blown Films are most commonly used for agriculture, food & beverages, textile, consumer goods, and pharmaceuticals. Multi-layer Blown Film market is expected to witness maximum revenue from 7 layer segment. Multi-layer Blown Film market is expected to grow in Asia Pacific region due to high consumer demand in food and agriculture sector. Multi-layer Blown Film structures are available with many polymers such as polyethylene, polypropylene, EVOH and others. In the multi-layer structure EVOH is commonly used in middle, so as to reduce its hydration properties. Multi-layer blown stretch films provides high load retention that it has excellent holding properties in use. These films do not stretch much after application.
7-layer segment of the Multi-layer Blown Film market was valued at US$ 1,630.1 Mn in 2017 and is projected to expand at a CAGR of 4.4% during the forecast period 2018-2026.
Drivers & Restraints
The packaging of goods is very essential part of manufacturing process, manufacturers prefer efficient and convenient packaging for their branding and promotions. The…