The LDPE & LLDPE sealant web films market is valued at US$ 53 Bn in 2022. The market is expected to advance at a sluggish CAGR of 4.1% from 2022-2028 to reach a value of US$ 67.5 Bn by 2028. LLDPE is expected to be a key contributor in the global LDPE and LLDPE sealant web films market revenue through 2028, with a value share of over 62%.
The food sector is likely to drive high demand for LDPE and LLDPE sealant web films, accounting for almost 37% of the entire market share.Through 2028, demand is expected to rise mostly in developed regions such as North America, Western Europe, and Japan
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Packagers, in the food industry, are using LDPE and LLDPE film layers as the outermost layer on the pouch packaging, owing to high printability and high quality aesthetics offered by LDPE and LLDPE sealant web films. Demand for clear packaging is also driving the market for transparent or see-through LDPE or LLDPE sealant web films, predominantly in developed countries of North America, Western Europe and Japan.
Bio-Based Sealant Web Films Becoming an Important Slice of the Revenue Pie
FMI projects that regulations curbing the use of oil-based plastics to reduce carbon footprint and gradual shift towards sustainable and eco-friendly packaging in the form of bio-based sealant web films will restrict the adoption of LDPE and LLDPE sealant web films, in the coming years, impacting the overall growth scenario of the global LDPE and LLDPE sealant web films market.
Moreover, on account of depleting fossil fuel resources, the prices of petroleum are augmenting, leading to an increase in prices of conventional plastics, including LDPE and LLDPE sealant web films. Contrarily, the prices for bio-based plastics are expected to witness slight decline owing to increasing demand, production capacity, and legislative support. Such volatility is expected to hamper the global demand of LDPE and LLDPE sealant web films market. Increase in demand for bio-based sealant web films packaging in the F&B industry is attributable to companies switching to biodegradable packaging options especially for organic and premium food products.
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The transparent monolayer LDPE & LLDPE bags, used for weather protection, are likely to dominate LDPE and LLDPE sealant web films market, with significant consumption for B2B purposes. The market for flat pouch market will be majorly driven by the changing packaging landscape in the food industry.
The key players of the global LDPE & LLDPE Sealant Web Films market are
- Berry Global,
- Bemis Company Inc.,
- Jindal Poly Films,
- Mitsui Chemicals America, Inc.,
- Dow-Dupont Inc.,
- Winpak Ltd.,
- Polifilm GmbH,
- Avery Dennison and
- DIC Corporation
Key Segments Covered
- By Material Type
- LDPE
- LLDPE
- By Thickness
- Up to 45 Micron
- 45 to 60 Micron
- Above 60 Micron
- By Product Type
- Flat Pouches
- Standup Pouches
- Bags & Others
- By End-Use Industry
- Food
- Baby food
- Pet food
- Sauces & gravies
- Bakery & Confectionary
- Snacks
- Dairy
- Ready-to-eat
- Other foods
- Beverage
- Personal Care & Cosmetics
- Pharmaceuticals
- Home Care Products
- Electrical & Electronics
- Textile
- Others
- Food
By Region
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Western Europe
- Germany
- France
- U.K.
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- APEJ
- China
- India
- Australia & New Zealand
- ASEAN
- Rest of APAC
- Japan
- MEA
- GCC Countries
- Turkey
- South Africa
- North Africa
- Rest of MEA
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