Polyethylene (PE) Film Procurement 2030 - Unveiling the Future
Polyethylene (PE) Film Category Overview The polyethylene (PE) film category is anticipated to grow at a CAGR of 4% from 2024 to 2030. The demand for the category is driven by its application in various industries such as packaging, agriculture, and construction. The growth is also fueled by its cost-effectiveness, durability, and versatility. The increasing global awareness about sustainability and environmental issues is having a positive impact on category expansion. Additionally, the demand for bio-PET film is being propelled by various factors, including the growing preference for bioplastics, supportive government regulations, and the expanding utilization of bio-PET film across packaging, printing, electrical & electronics, pharmaceutical, and cosmetic industries. Most of the suppliers are focusing on manufacturing sustainable packaging to meet growing demand. For instance, in November 2023, Smurfit Kappa developed a recyclable PE film in the U.S. that can substitut...