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) film is manufactured where, a polymer film is heated to a required temperature and stretched in a particular orientation in stretching units. The film are manufactured in MDO machine. Its manufacturing process includes preheating, orientation, annealing and cooling. MDO films are generally made up of various polymers such as PP, LDPE, HDPE, PET, EVOH, etc.
The North American MDO film market is presently being driven by several driving factors. The vast presence of well-established industries such as the healthcare, food and beverage, homecare, and personal care industry across the region and continuing innovations and advancements in these industries to offer a number of beneficial products to consumers is the major driving factor behind the growth of the market in the NA region. Furthermore, growing number of consumers who demand processed and advanced packaging based packaged food products is further accelerating the market growth.
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 North America 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. The market has the increasing demand for polypropylene owing to its potential, flexible properties for packaging of different end use industry.
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 performance and high quality 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. Rapid growth in the food and beverage packaging industry, surge in the demand for convenient packaging by consumers and increased demand for longer shelf life food products are some of the factors that driving the growth of this segment.
The market finds its application in bags & pouches, shrink labels, shrink wrap, agro textile, tapes, and liners. The bags and pouches segment dominated the market in 2020 and is expected to maintain its dominance during the forecast period. An increasing production of bags and pouches such as standup bag, plastic pouch, or doy pack using machine direction oriented films and surge in the adoption of these bags and pouches, especially in food and beverage industry is accredited to the growth of the segment.
Country wise, the study is comprised of the key countries such as the US, Canada and Mexico. The US held the largest market share of North America MDO Film market and is likely to dominate the market over the estimated time frame. The key factors attributed to the market growth are increasing advancements in technologies, increasing expenditure on research and development activities in the field of packaging solutions as well as materials, growing demand for enhanced barrier properties in the packaging solutions due to the surged demand for the secure or safe packaging, and the presence of manufacturers are flourishing the growth of MDO film market in NA region.
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 North America 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. Geographically MDO films market is studied for the following region North America, Europe, Asia Pacific and RoW.
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