The key factor such as demand for convenient packaging in food sector is stoking growth of MDO films owing to increasing interest from the consumer base for different packaged food. Besides, rising demand for higher shelf-life creating scope for expansion, improved cost efficiencies and packaging performance of mdo film is propelling the demand of market. In addition, booming healthcare and personal care industry is likely to contribute to the healthy growth of the market.
New York, Apr 2021: Axiom Market Research & Consulting™ published a report on global MDO Films market which includes study on material, manufacturing process, end use industry, application across various countries of key regions across the globe. The global MDO Films market was projected to grow at a CAGR of 4.03% for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) and volume (Tons) generated by the MDO Films market.
MDO films are machine direction orientations are made by different materials and by drawing the film or sheet in rolls rotating at different speeds. These films are used to enable easier recycling. The market has a majority consumer base from food industry. Besides properties like resistance, optics and rigidity, strength will further drive the market growth. The market is expected to witness growth at significant rate during the forecast period.
The key competitors of this market include Avery Dennison Corporation (US), Borealis AG (Austria), Davis-Standard, LLC (US), Futamura Chemical Co. Ltd (Japan), Klockner Pentaplast Group (UK), LA Plastpacks Pvt. Ltd (India), Lenzing Plastics GmbH & Co KG (Austria), NOWOFOL Kunststoffprodukte GmbH & Co. KG (Germany), Polysack Plastic Industries Ltd (Israel), Trico Specialty Films LLC (US), Rani Group (Finland), Coveris (Austria), FLEXcon (US), Guangzhou Novel Packaging Inc (China) and Reliant Packaging Films Private Limited (India) among others.
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The report analyses the global MDO Films market based on material, manufacturing process, end use industry, application and geography. The material is segmented based on 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 other material. The market have manufacturing process including blown film and cast film. The major end use industry in MDO films market are food & beverages, healthcare, personal care, homecare, agriculture and other end user. The market find its application in bags & pouches, shrink labels, shrink wrap, agro textile, tapes, liners. The global MDO films market is studied across various key countries of regions such as, North America, Europe, Asia Pacific and Rest of the World.
MDO Films Market Regional Trends
North America is anticipated to dominate in the global MDO film market holding a significant market share. The region has accelerating demand of the MDO films market for the different end use industries. Further, low cost of packaging with exceptional properties of MDO film is boosting the regional growth. The United States followed by Canada and Mexico is projected to be the fastest-growing market due to increasing demand for MDO films in different end use products.
MDO Films Market Segmental Highlights
- The polypropylene (pp) material segment is expected to dominate in MDO films market during the forecast period 2021 to 2027. The rapid growth and demand for the polypropylene (pp) material is key driving factor accelerating the growth of the market.
- The blown film segment is anticipated to lead in the MDO films market during the projected period. The blown film manufacturing process is currently witnessing increasing demand in the MDO films market owing to rising demand for various packaging types from the different industrial sectors.
- In 2020, food & beverages end-user industry accounted for the major market share. The food & beverages end use industry hold substantial share in the MDO films market attributing to increasing usage of MDO film for packaging and distribution of different food and beverages products.
- North America dominated MDO films market in 2020 and is expected to witness the fastest growth in upcoming years.
Research Objectives of MDO Films Market Report:
- Analyzing the outlook of the market with the recent trends and Porter’s five forces analysis.
- Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period.
- Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects.
- Country-level analysis, integrating the demand and supply forces that are influencing the growth of the MDO films Market.
- Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years.
- Comprehensive company profiles, covering the product offerings, key financial information, recent developments and strategies employed by the major market players
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