1. Global Blown Film Market Insight Analysis
The global Blown Film market value in 2024 is 10,580.4 million USD, with a Compound Annual Growth Rate (CAGR) of 6.60% from 2024 to 2033.
Blown Film is a manufacturing process that produces thin plastic films and sheets through the extrusion of polymer materials. This process involves melting the polymer, extruding it through a circular die, and then inflating it into a bubble. The bubble is then cooled and collapsed into a flat film, which can be further processed into various products. Blown Film is widely used in packaging applications due to its flexibility, durability, and cost-effectiveness.
It is particularly popular in industries such as food and beverage, where it is used for packaging products like snacks, dairy products, and frozen foods. The versatility of Blown Film allows it to be customized for different applications, ranging from single-layer films for simple packaging to multi-layer films for more complex needs, such as barrier properties and enhanced durability.
Figure Global Blown Film Market Size (M USD) and CAGR (2024-2033)
2. Driving and Limiting Factors of Blown Film Market Growth
The growth of the Blown Film market is influenced by several key factors that drive demand and shape market dynamics. One of the primary drivers is the increasing demand from downstream industries. As the global economy continues to expand, the need for efficient and cost-effective packaging solutions grows. Blown Film offers a versatile and affordable option for packaging a wide range of products, from food and beverages to consumer goods and agricultural products. The rising population and increasing consumer demand further fuel the market growth, as more products require packaging solutions.
Another significant driver is the development of e-commerce. The growth of online retail has led to an increase in the demand for packaging materials, as products need to be safely transported to consumers. Blown Film’s flexibility and durability make it an ideal choice for e-commerce packaging, protecting products during transit and ensuring they reach consumers in good condition.
However, the Blown Film market also faces several limiting factors. One of the primary challenges is the increasing awareness of environmental issues. Plastic pollution and the long degradation time of traditional plastic materials have led to stricter regulations and a push for more sustainable packaging solutions. This has resulted in a shift towards biodegradable and recyclable materials, which may impact the demand for traditional Blown Film products.
Additionally, the supply of raw materials, such as polyethylene and polypropylene, is a critical factor. Fluctuations in oil prices and supply chain disruptions can affect the production costs and availability of these materials. The COVID-19 pandemic highlighted the vulnerability of global supply chains, leading to shortages and increased costs for raw materials. This has put pressure on manufacturers to find alternative materials and improve supply chain resilience.
3. Technology Innovation and Corporate Mergers and Acquisitions in Blown Film Market
Technological innovation plays a crucial role in the development of the Blown Film market. Advances in extrusion technology have led to the production of higher quality films with improved properties, such as better barrier performance, increased strength, and enhanced flexibility. Multi-layer films, which combine different materials to achieve specific properties, are becoming increasingly popular. These films can provide better protection for products, extend shelf life, and reduce the overall amount of plastic used.
In addition to technological advancements, corporate mergers and acquisitions have significantly shaped the Blown Film market. Major players in the industry, such as Berry Global Group Inc., Coveris Holdings S.A., and Charter NEX Films, have engaged in strategic partnerships and acquisitions to expand their market share and enhance their product offerings. For example, ProAmpac’s acquisition of Belle-Pak Packaging expanded its presence in the e-commerce, healthcare, and logistics sectors. Similarly, Coveris’ acquisition of Four 04 Packaging strengthened its position in the fresh food and bakery packaging market.
4. Global Blown Film Market Size by Type
Blown Film is a versatile manufacturing process used to produce plastic films for a wide range of applications. The product types are primarily differentiated by the number of layers in the film structure, each offering unique benefits and catering to specific market needs. The main types include 2-layers, 3-layers, 5-layers, 7-layers, 9-layers, and other specialized variants.
2-layers Blown Film is the simplest form, consisting of two layers of polymer material. It is commonly used for basic packaging applications where cost-effectiveness is a priority. In 2024, the market value of 2-layers Blown Film is forecasted to be $1,688.60 million USD.
3-layers Blown Film offers enhanced properties compared to 2-layers, with an additional layer providing better barrier properties and durability. It is widely used in food packaging and industrial applications. The market value for 3-layers Blown Film in 2024 is projected to be $3,749.32 million USD.
5-layers Blown Film provides superior barrier protection and mechanical strength. It is ideal for applications requiring high performance, such as pharmaceutical and food packaging. The market value of 5-layers Blown Film in 2024 is estimated at $2,322.42 million USD.
7-layers Blown Film is designed for high-performance applications, offering excellent barrier properties, mechanical strength, and flexibility. It is commonly used in the packaging of perishable goods. The market value for 7-layers Blown Film in 2024 is forecasted to be $1,521.76 million USD.
9-layers Blown Film represents the highest level of performance, with multiple layers providing exceptional barrier properties and durability. It is used in specialized applications such as medical packaging and high-end food packaging. The market value of 9-layers Blown Film in 2024 is projected to be $552.12 million USD.
Table Global Blown Film Market Size by Type in 2024
|
Market Size (M USD) 2024 | |
|
2-layers |
1688.60 |
|
3-layers |
3749.32 |
|
5-layers |
2322.42 |
|
7-layers |
1521.76 |
|
9-layers |
552.12 |
|
Others |
746.17 |
5. Global Blown Film Market Size by Application
Blown Film finds applications across various industries, each contributing to the overall market value. The primary applications include Electronics, Textiles, Food and Beverages, Pharmaceuticals, Consumer Goods, Agriculture, and Others.
Blown Film is used in the electronics industry for packaging electronic components, providing protection during transportation and storage. In 2024, the market value for Blown Film in the electronics sector is forecasted to be $707.50 million USD.
Blown Film is utilized in the textile industry for packaging fabrics, garments, and other textile products, ensuring protection from moisture and contamination. The market value for Blown Film in textiles in 2024 is projected to be $537.54 million USD.
Blown Film is extensively used in the food and beverage industry for packaging products such as snacks, dairy products, beverages, and more. It provides essential barrier properties to maintain freshness and extend shelf life. The market value for Blown Film in the food and beverage sector in 2024 is estimated at $3,927.35 million USD.
Blown Film is crucial in the pharmaceutical industry for packaging medicines, tablets, capsules, and other medical devices. It ensures the integrity and safety of these products. The market value for Blown Film in the pharmaceutical sector in 2024 is forecasted to be $1,195.15 million USD.
Blown Film is used in the packaging of consumer goods, including household products, cosmetics, and personal care items. It provides protection and enhances the shelf appeal of these products. The market value for Blown Film in consumer goods in 2024 is projected to be $1,340.55 million USD.
Blown Film is employed in agriculture for applications such as greenhouse films, mulch films, and silage films, aiding in crop protection and growth. The market value for Blown Film in agriculture in 2024 is estimated at $2,014.67 million USD.
Table Global Blown Film Market Size by Application in 2024
|
Application |
Market Size (M USD) 2024 |
|
Electronics |
707.50 |
|
Textiles |
537.54 |
|
Food and Beverages |
3927.35 |
|
Pharmaceuticals |
1195.15 |
|
Consumer Goods |
1340.55 |
|
Agriculture |
2014.67 |
|
Others |
857.63 |
6. Global Blown Film Market by Top Regions
North America remains the largest market by revenue, with a projected market value of $2,652.66 million USD in 2024. The region’s dominance is attributed to its well-established industrial base, high consumer demand, and advanced technological capabilities.
Europe follows closely, with a forecasted market value of $2,361.75 million USD in 2024. The region’s strong manufacturing sector, particularly in the food and beverage industry, drives the demand for Blown Film. Europe’s market growth is also supported by regulatory initiatives aimed at promoting sustainable packaging and reducing plastic waste.
China is the fastest-growing region in the Blown Film market. The region’s market value is projected to reach $1,766.23 million USD in 2024.
Japan is another significant player, with a forecasted market value of $611.00 million USD in 2024. The country’s advanced manufacturing capabilities and focus on high-quality packaging solutions contribute to its market position. Japan’s market growth is supported by its strong domestic demand and exports to other regions.
Middle East and Africa are also emerging as important markets, with a projected market value of $856.00 million USD in 2024. The region’s growth is driven by increasing demand for packaging in the food and beverage industry, as well as the agricultural sector. Additionally, the region’s focus on sustainable packaging solutions is expected to further boost the market.
South America is projected to have a market value of $949.80 million USD in 2024. The region’s growth is driven by increasing demand for packaging in the food and beverage industry, particularly in countries like Brazil and Argentina. The region’s focus on sustainable packaging solutions is also expected to further boost the market.
Figure Global Blown Film Market Size by Region in 2024
7. Global Blown Film Market Analysis by Major Players
7.1 Berry Global Group Inc.
Company Introduction and Business Overview: Berry Global Group Inc. is a Fortune 500 global manufacturer and marketer of plastic packaging products. Established in 1967, the company offers a wide range of products, including plastic consumer packaging, nonwoven specialty materials, and engineered materials. Berry Global operates worldwide and is known for its innovative and sustainable packaging solutions.
Products Offered: Berry Global offers a variety of Blown Film products, including multi-layer films for food and beverage packaging, agricultural films, and industrial packaging solutions. Their products are designed to provide excellent barrier properties, durability, and flexibility.
Sales Revenue in 2022: Berry Global’s revenue from Blown Film in 2022 was $924.69 million USD.
7.2 Coveris Holdings S.A.
Company Introduction and Business Overview: Coveris Holdings S.A., established in 2013, is a leading European packaging company. The company specializes in providing a wide range of packaging solutions for food, pet food, medical devices, and industrial and agricultural products. Coveris is known for its commitment to sustainability and innovation.
Products Offered: Coveris offers a variety of Blown Film products, including EVOH films with advanced barrier properties for food packaging, shrink films, and stretch films. Their products are designed to extend product shelf life and enhance freshness.
Sales Revenue in 2022: Coveris Holdings S.A.’s revenue from Blown Film in 2022 was $812.51 million USD.
7.3 Charter NEX Films
Company Introduction and Business Overview: Charter NEX Films, established in 1991, is one of North America’s leading producers of high-performance specialty films for flexible packaging. The company produces blown and cast sustainable films for food, consumer, industrial, and healthcare applications.
Products Offered: Charter NEX Films offers a range of Blown Film products, including shrink films for transportation packaging, barrier films for food packaging, and specialty films for healthcare applications. Their products are known for their strength, flexibility, and sustainability.
Sales Revenue in 2022: Charter NEX Films’ revenue from Blown Film in 2022 was $766.37 million USD.