The global flexible film market size is expected to showcase exponential growth by reaching USD 141,785.7 million by 2027 while exhibiting a CAGR of 6.0% between 2020 and 2027. The growth is attributable to the increasing demand for eco-friendly flexible film and the growing demand from the electronics industry globally. This information is published by Fortune Business Insights, in its latest report, titled, “Flexible Film Market Size, Share & COVID-19 Impact Analysis, By Raw Material (Polypropylene {BOPP and CPP}, Polyester / BOPET {Thin Film and Thick Film}, and Others), Application (Packaging, Industrial, and Others), and Regional Forecast, 2020-2027.” The report further mentions that the market stood at USD 88,702.8 million in 2019.

List of Top Companies Profiled in the Global Flexible Film Market:

• Mondi Group (Austria)

• Innovia Films (UK)

• Amcor Ltd (Australia)

• Bemis Company, Inc. (US)

• The Wipak Group (Finland)

• LINPAC Group (UK)

• Jindal Poly Films Ltd. (India)

• Berry Plastics Corporation (US)

• AEP Industries Inc. (US)

• Max Speciality Films Limited (India)

• Polyplex (India)

• CHIRIPAL POLY FILM (India)

• Cosmo Films Ltd. (India)

• Uflex Limited (India)

• Novus Holdings (South Africa)

• Flex Films (India)

• CTP Flexibles (South Africa)

• AMPAFLEX (South Africa)

• Others

Market to Thrive amid COVID-19 Backed by Surge in Pharmaceutical & Packaged Food Sales

The global pandemic, COVID-19, is expected to have a positive impact on the market. The growing awareness regarding hygiene and the rising consciousness amongst people to stay healthy is likely to favor the demand for packed food products. This is expected to positively affect the demand for flexible packaging films across the globe.

Browse More: https://www.fortunebusinessinsights.com/flexible-film-market-104653

Flexible films are primarily manufactured using raw materials such as polypropylene, polyethylene, and polyester. These films are available in the market in several sizes that vary as per the requirement. Additionally, they provide beneficial properties such as high resistance to heat, water, moisture, and chemicals that make them favorable across several end-user industries. What does the Report Include?

The market report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to announce partnerships, introduce new products, and collaborate to further contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies to extract information about the current trends and industry developments that will drive the market growth during the forecast period.

COMPETITIVE LANDSCAPE

Environmental Concerns Propel Market Players to Introduce Eco-Friendly Products

The global market is fragmented by the presence of major companies that are striving to maintain a stronghold and gain a competitive edge over their rivals. These companies are focusing on introducing eco-friendly flexible films to tackle environmental issues and to further reduce carbon footprint. Furthermore, other key players are adopting organic and inorganic strategies to gain a major chunk of share in the global marketplace.