(I-BusinessNews.Com, February 15, 2019 ) Laminated packaging films are used to wrap or protect a product or container from environmental damages. The laminated packaging films can be made of plastic, paper, metal or other materials, in which plastic is the mostly used material. The food & beverages industry is the major consumer of laminated packaging films. To give an aesthetical view to the packaged product, most of the end-use industries apply laminated packaging films. The laminated packaging films help to extend the shelf life of the products by avoiding the influence of external elements to the products. Laminated packaging films act as a barrier from oxygen, water, and odour. The growth of the pharmaceutical and personal care & cosmetics industries is expected to boost the growth of the Global Laminated Packaging Films Market.
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Laminated Packaging Films Market: Dynamics
The demand for laminated packaging films is increasing over the time due to the adoption of high-quality packaging solutions by the food & beverages and pharmaceutical industries. These two industries use laminated packaging films in almost all the application of primary packaging. The laminated packaging films manufacturers are focussing on developing high-quality and high barrier films, which will be cost-effective and easy to apply. The stringent regulations on the use of plastic material for laminated packaging films is expected to hamper the growth of the global market. The leading players in the Laminated Packaging Films Market of North America and Europe are concentrating on the emerging regions to increase their revenue. The use of laminated packaging films in the manufacturing of bags & pouches is trending among the manufacturers.
Global Laminated Packaging Films Market: Geographical Outlook
The global laminated packaging films market is estimated to witness rapid growth during the forecast period due to the overall growth in the packaging industry. Asia Pacific, Europe, and North America are estimated to be the key players in the global laminated packaging films market. Due to growing industrialization in China & India, the Asia Pacific laminated packaging films market is projected to account high share as compared to the other regions.
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Ã‚Â As the home of large capacity films manufacturers, North America is expected to be the second large market for laminated packaging films. The U.K., Germany, France, and Italy are expected to be the key markets in Western Europe. In Latin America, Mexico, Brazil, and Argentina are estimated to hold high share during the forecast period. The Middle East & Africa laminated packaging films market is projected to witness slow growth during the forecast period.Ã‚Â
Global Laminated Packaging Films Market: Key Players
Examples of some of the key players operating in the global laminated packaging films market are: Sealed Air Corporation, Amcor Limited, Jindal Poly Films, Bemis Company, DuPont Teijin Films, Berry Plastics, Britton Group, Charter Nex Films, S. Smith, Reynolds Group, Wipak Limited, Uflex Limited
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