Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Machine-direction orientation (MDO) is a post extrusion method used to improve film properties such as rigidity, resistance, optics, barrier and many others. MDO films provides benefits such as reduced thickness, reduced packaging costs, high pressure resistance, minimal deformation, shock, impact, and tear resistance, exceptional optical properties such as transparency and gloss and improved efficiency. These films can be used in various industries owing to its aforementioned benefits.
The European MDO film market is presently being driven by several driving factors. Germany followed by the UK and France is projected to witness rapid growth during the forecast period. The presence of key domestic and international MDO film manufacturing companies across the region, increasing production of several MDO film packaging solutions such as bags, pouches, labels, and others and of ethylene-vinyl alcohol, polypropylene, and polyethylene terephthalate plastic raw materials, and rising need for eco-friendly and lightweight packaging materials based packaging solutions are promoting the growth of MDO films market across Europe.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the MDO Film market. In addition, complete analysis of changes on MDO Film market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on regional economies, international trade, business investments, GDP and marketing strategies of key players present in the market.
The study analyses Europe MDO Film market based on material, manufacturing process, end use industry, application and geography.
The MDO films is available in market according different material like polypropylene (PP), high density polyethylene (HDPE), linear low density polyethylene (LLDPE), linear density polyethylene (LDPE), polyamide (PA), ethyl vinyl alcohol (EVOH), polyethylene terephthalate (PET) and others. Polypropylene (PP) segment leads the market in 2020 and is likely to observe fast growth in the coming years. A surge in the adoption of PP for the manufacturing of MDO films owing to its benefits such as low cost, high barrier properties and improved oil, gas and grease resistance is driving the growth of the market.
The MDO films have different manufacturing process including blown film and cast film. The blown film segment is witnessing fastest growth. The increasing demand for high quality and high performance films and rising production of MDO films using blown film manufacturing process is attributed to the growth of the segment.
The market has key end user in food & beverages, healthcare, personal care, homecare, agriculture and others. Food and beverage segment is accounted for the largest market share in 2020 and is witnessing growth at a rapid pace. On the other side, healthcare and personal care segment also likely to witness fast growth during the estimated time. Increase in the demand for healthcare as well as consumer packaging during COVID-19 pandemic is anticipated to contribute to the segment growth.
The market finds its application in bags & pouches, shrink labels, shrink wrap, agro textile, tapes, and liners. The bags and pouches segment dominated the European MDO film market in 2020 and is expected to maintain its dominance during the forecast period. Increased production and use of bags and pouches as it can protect the product from physical as well as environmental hazards while transporting from one location to another is accredited to the segment growth.
Country wise, the study is comprised of the key countries such as the Germany, the UK, France, Spain, Italy and rest of the Europe. Germany held the largest market share of Europe MDO Film market and is likely to dominate the market over the estimated time frame. Increasing growth of the Germany’s plastic industry is major factor that creating several growth opportunities for the MDO film market to expand in the country. Additionally, surged production of a variety of food products and growing import and export of food products are further likely to propel market growth. Furthermore, the UK followed by France is anticipated to witness high growth in the coming years.
The major key players of market includes Avery Dennison Corporation, Borealis AG, Davis-Standard, LLC, Futamura Chemical Co. Ltd, Klöckner Pentaplast Group, LA Plastpacks Pvt. Ltd, Lenzing Plastics GmbH & Co KG, NOWOFOL Kunststoffprodukte GmbH & Co. KG, Polysack Plastic Industries Ltd, Trico Specialty Films LLC, Rani Group, Coveris, FLEXcon, Guangzhou Novel Packaging Inc, and Reliant Packaging Films Private Limited among others.
The study analyses Europe MDO Film market based on material, manufacturing process, end use industry, application and geography The MDO films is available in market according different material like polypropylene (PP), high density polyethylene (HDPE), linear low density polyethylene (LLDPE), linear density polyethylene (LDPE), polyamide (PA), ethyl vinyl alcohol (EVOH), polyethylene terephthalate (PET). The MDO films have different manufacturing process including blown film, cast film. The market has key end user in food & beverages, healthcare, personal care, homecare, agriculture. The market find its application in bags & pouches, shrink labels, shrink wrap, agro textile, tapes, liners. Country wise MDO films market is studied for the countries such as Germany, the UK, France, Spain, Italy and rest of the Europe.
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