Forming Films Market Report

Forming Films have emerged as an effective solution to meet the food packaging requirements. These films are gaining immense traction among end-use industries as they offer exceptional formability, gloss, lay flat, uniform thickness, and clarity characteristics. They are well suited for the packaging of dairy, meat, and poultry products as these films increase their shelf life by creating a barrier from the moisture. Manufacturers are heavily investing in R&D to introduce novel technologies to meet the growing demand for Forming Films.

Manufacturers to Expand their Presence in Forming Films Market through Acquisition

Sealed Air Corporation, FLAIR Flexible Packaging Corporation, Advanced Barrier Extrusions, LLC., Coveris Holdings S.A., Bemis Company Inc., Clear Lam Packaging, Inc., Flexaco, Wihuri Group, Kendall Packaging Corporation., and Berry Global Inc. are some of the key manufacturers operating in the market. Manufacturers are taking up various strategic initiatives such as acquisition with an aim to expand their market presence.

For instance, a key company, Sealed Air Corporation has recently acquired MGM, a flexible packaging company headquartered in the Philippines, so as to expand its presence in Asia Pacific. This strategic move will help the company to strengthen its printing as well as lamination capabilities and better serve customers across the region.

Market to Benefit from Widespread Application of Forming Films in the Food Packaging Industry

Widespread application of Forming Films across the food packaging industry is playing a key role in bolstering the market growth. Increasing penetration of food retail outlets is one of the significant reasons behind the growth of the Forming Films market. Change in lifestyle and growing trend of ready-to-eat meals have increased the demand for packaged food and beverage products. Packaged food products require effective packaging so as to retain the quality of the product, thus creating robust demand for Forming Films packaging.

Market Segmentation

By Product Type

●  PET

●  RPET

●  Bio – PET

●  PP

●  HIPS

By Layers

●  Monolayer

● 3 Layer

●  5 Layer  

●  7 Layer

●  More Than 7 layers

By Barrier Film

●  Low Barrier (>300 cc-mil/m2-atm)

●  Medium Barrier (300 to 500 cc-mil/m2-atm)

●  High Barrier (50 to 10 cc-mil/m2-atm)

●  Ultra High Barrier (<10 cc-mil/m2-atm)

By Application

●  Food

●  Pharmaceutical Products

PET films are gaining demand as an ideal packaging material for various other foodstuff such as sliced salami, fresh pasta, sausages, sandwiches, and ready meals. Moreover, it is easily thermoformable, highly transparent, and can be deployed on high productivity lines. As per the market analysts, application of Forming Films is expected to rise in the food sector on account of the growing need to protect the food products and extend their shelf life. The report also offers exhaustive analysis of the layer and barrier film segments and their contribution to the overall market size.

By Region

North America is a key region in the Forming Films market owing to growing demand for forming films for meat and poultry packaging. Asia Pacific is also not falling back owing to presence of a vast customer base and growing demand for packaged products. Countries such as India and China are estimated to witness increased sales of Forming Films from the food industry.

The chemicals and materials sector has been witnessing an exponential rise in the past few years. The industrial boom and infrastructural growth across the globe has had a positive impact on the chemical and materials industry. Chemicals are an integral part of many industries, which, over the years, have created lucrative opportunities for players. Similarly, materials are an indispensable part of myriad industries. The rise of the chemicals and materials sector has been mapped by QYR Consulting through exhaustive research reports.

Analysts have used investigative approach to deduce important elements pertinent to the industry. The reports are aimed towards giving the reader a holistic approach about the industry’s development and future scenario. Competitive landscapes have been written with in-depth analysis of the historical data and careful understanding of the management styles. QYR Consulting aims to provide the readers a guided approach towards making well-informed business decisions through its research reports.