Global PE Films Market Size

Statistics for the 2023 & 2024 Global PE Films market size, created by Mordor Intelligence™ Industry Reports. Global PE Films size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Global PE Films Industry

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PE Film Market Report
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.10 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

PE Film Market Key Players

*Disclaimer: Major Players sorted in no particular order

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PE Films Market Analysis

The Global PE Film Market is expected to grow by registering a CAGR of 4.1% during the forecast period (2022-2027). The rising adoption of PE films across various sectors such as food & beverage, retail packaging, agriculture, and household is driving the growth of the studied market.

  • Polyethylene (PE) film is essentially a plastic film made primarily of hydrocarbons. The films are commonly used as a protective barrier in applications such as packaging, concrete & mortar, exterminating, and even pest control and waterproofing. As these films can be reused and can stand up to UV degradation for several years, they are extensively used for a number of household and commercial applications.
  • The growth of the flexible packaging industry is significantly driving the growth of the studied market. For instance, as of August 2021, flexible packaging was the second largest packaging segment in the U.S., garnering about 19% of the USD 177 billion U.S. packaging market. (Source: Flexible Packaging Association (FPA))
  • Food and beverage is another major industry wherein PE films are used extensively. For instance, in food & beverage industry, Polyethylene films are used for various applications such as packaging in-store products such as non-frozen baked products, fruits & vegetables, and tray covers for delivery of baked food products due to their low melting point.
  • The increasing consumption of packaged food is supporting the growth of the studied market. For instance, according to the U.S. Census Bureau's advance estimates, U.S. retail and food services sales for April 2022 were USD 677.7 billion, an increase of 0.9 percent from the previous month and 8.2 percent above April 2021.
  • However, with consumers and brands shifting more towards sustainability and environmental friendliness, the demand for sustainable packaging solutions such as paper and recyclable plastic films is expected to grow, which in turn will negatively impact the growth of the studied market.
  • A significant impact of COVID-19 has been observed on the studied market, as the major end-users of polyethylene films such as packaging, food & beverages, automotive, and construction were negatively impacted due to various restrictions imposed by the governments to curb the spread of the virus. However, with the restrictions being lifted almost across every part of the world, the market is expected to regain traction during the forecast period.

Global PE Films Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)