IMARC Group, a leading market research company, has recently releases report titled “Machine-Direction Orientation (MDO) Films Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global machine-direction orientation (MDO) films market share, size, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the machine-direction orientation (MDO) films market?
|Market Size in 2022||US$ 4.13 Billion|
|Market Forecast in 2028||US$ 5.37 Billion|
|Growth rate (2023 to 2028)||CAGR of 4.37%|
|Base Year of the Analysis||2022|
What is machine-direction orientation (MDO) films?
Machine-direction orientation (MDO) films refer to polymer films that undergo a process of heating and stretching to a particular orientation slightly below their melting point. They are manufactured using various materials such as linear low-density polyethylene (LLDPE), ethyl vinyl alcohol (EVOH), polypropylene (PP), polyethylene terephthalate (PET), and high-density polyethylene (HDPE). They possess increased stiffness, elevated moisture, water vapor barrier, improved optical clarity, and reduced structure weight. As a result, MDO films find extensive applications in healthcare, homecare, agriculture, and personal care industries across the globe.
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What are the growth prospects and trends in the machine-direction orientation (MDO) films?
The market is primarily driven by rising product demand from the packaging industry. Moreover, the surging adoption of MDO films in the food and beverage (FB) industry due to the rising preference for convenient packaging solutions is positively influencing the market growth. Additionally, rising demand for ready-to-eat (RTE) and ready-to-cook packaging among consumers due to their hectic schedules and busy lifestyles has catalyzed market growth. Furthermore, the rising demand for MDO films that are biodegradable, environment-friendly, and recyclable is contributing to the market growth. Other factors, including rising demand for polypropylene (PP) due to its numerous desirable properties, widespread product adoption in the personal care industry, and increasing demand for improved packaging performance.
What is included in market segmentation?
The report has segmented the market into the following categories:
Material Type Insights:
- Polypropylene (PP)
- High Density Polyethylene (HDPE)
- Linear Low Density Polyethylene (LLDPE)
- Linear Density Polyethylene (LDPE)
- Polyamide (PA)
- Ethyl Vinyl Alcohol (EVOH)
- Polyethylene Terephthalate (PET)
Manufacturing Process Insights:
- Cast Films
- Blown Films
- Bags and Pouches
- Shrink Labels
- Shrink Wrap
- Agro Textile
End Use Industry Insights:
- Food and Beverages
- Personal Care
Breakup by Geography:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Avery Dennison Corporation
- Borealis AG
- CCL Label Eclipse Films
- Davis-Standard LLC
- Futamura Group
- Lenzing Plastics GmbH Co KG
- Polysack Plastic Industries Ltd.
- Toray Industries Inc.
- Trico Specialty Films LLC
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