The polyfilm market has been expected to grow at a noticeable pace during the forecast period. Growth opportunities in the market are due to technological advancements in the agriculture industry. The growing demand for the BoPET films along with the increased use of bio-based polymers is also driving novel growth avenues in the polyfilm market in the foreseeable years.
On the flip side, the stringent environmental and government regulations in the European countries are estimated to limit the growth avenues in the polyfilm market during the forecast period.
Packaging and Agriculture Vertical to Grow Rapidly in Polyfilm Market
Based on the end-use industry, the agriculture and packaging segment has been predicted to grow at a significant speed in the forthcoming years. Furthermore, the increasing population has resulted in the growth of the food packaging industry which is likely to bolster novel growth impetuses in the polyfilm market in the coming years.
Because of its long shelf life and environment-friendly characteristics, the polyfilm market products have a competitive edge over other films that are available around the world. In addition to this, improvement in the retail sector has also been predicted to fuel demand opportunities in the polyfilm market throughout the forecast period.
The rising use of greenhouse films in order to increase the crop yield has been creating demand avenues in the polyfilm market in the near future. Along with this, the polyfilm market products are also used in hygiene, tobacco, food and beverages, and beauty and personal care industries. These factors are further projected to drive expansion opportunities in the polyfilm market in the upcoming years.
The polyfilm market products have become an integral part of human life. These products are eco-friendly and can be used safely for food packaging. The flexible nature of polyfilm market products stimulates their application in numerous end-use industries.