Global Machine Direction Oriented (MDO) Films Market

Global Machine Direction Oriented (MDO) Films Market was valued US$ XX Bn in 2019 and is expected to grow US$ XX Bn by 2027, at a CAGR of 4.8% during the forecast period.

Global Machine Direction Oriented (MDO) Films Market

Global Machine Direction Oriented (MDO) Films Market
Market Overview:

Machine-direction orientation (MDO) films are made up of several polymers and plastic variants after processing it and that polymer including LDPE, PET, EVOH, etc. Producers of MDO films are concentrating on the development of MDO films with healthy seal performance. MDO films fulfill different types of packaging requirements and exhibit superior sealing functionality, such as NOWOFOL's monoaxially stretched PP films are used in the production of strong packaging and as a base material for adhesive tapes.The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.

Market Dynamics:

MDO films are often used for the packaging of several food and beverages, personal care products, etc. As well, these films are also helping to extend the shelf life of food items, and increasing usage of personal care products in order to maintain personal hygiene. Also, these films have various properties containing strong barrier, tensile, and strength which helps as a lucrative packaging solution for the producer as compared to alternatives of packaging. These are the key factors expected to fuel the growth of the MDO film market in the future. Furthermore, improved packaging performance improved cost efficiencies, and production, sustainability are key drivers in the advanced packaging film industry.

On the other hand, the high cost of manufacturing machinery used to manufacture MDO films is the main factor expected to hinder the growth of the global MDO films market during the estimated period. Also, severe government regulations related to the usage of plastic material are expected to challenge the growth of the global MDO films market throughout the forecast period.

Market Segmentation:

The global Machine Direction Oriented (MDO) Films market is segmented by Material Type, Manufacturing Process, Application, End-use Industry, and Region.

According to the material type, the polypropylene (PP) segment is expected to hold the largest revenue share of the global MDO films market, because of numerous properties including transparency, low-density, heat resistance, and steam barrier. For example, lots of NOWOFOL products are made of PP, because polypropylene film (PP film) permits light, efficient solutions.

In terms of the application segments, the bag & pouches segment is expected to accounts for the significant growth, thanks to increasing demand for packaging food items and beverages by the rapid growth of the food industry in developed as well as developing economies.

Region-wise, North America is expected to hold the largest market share of the MDO films market in the forecast period, thanks to the increasing consumption of pre-packaged and on-the-go food items among the working people. Moreover, the Asia Pacific MDO films market is expected to contribute a significant revenue share in the MDO films market, on account of the robust existence of the manufacturing industry. Additionally, the packaging of a product plays an important role in sales of that specific product which supports to add an appealing look and better visibility.

Recent Development:

In recent times, Borealis launched the BorLite™ and BorShape™ family of materials based on unique Borstar® technology. These additions bring step-change innovation to advanced flexible packaging film solutions.

The objective of the report is to present a comprehensive analysis of the Global Machine Direction Oriented (MDO) Films Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by Region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by Region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Machine Direction Oriented (MDO) Films Market dynamics, structure by analyzing the market segments and project the Global Machine Direction Oriented (MDO) Films Market size. Clear representation of competitive analysis of key players by application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Machine Direction Oriented (MDO) Films Market make the report investor’s guide.

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Scope of the Machine Direction Oriented (MDO) Films Market

Machine Direction Oriented (MDO) Films Market, By Material Type

• Polypropylene (PP)
• High density polyethylene (HDPE)
• Linear low density polyethylene (LLDPE)
• Linear density polyethylene (LDPE)
• Polyamide (PA)
• Ethyl vinyl alcohol (EVOH)
• Polyethylene terephthalate (PET)
• Others (polystyrene (PS), etc.)
Global Machine Direction Oriented (MDO) Films Market, By Manufacturing Process

• Cast films
• Blown films
Global Machine Direction Oriented (MDO) Films Market, By Application

• Bags & Pouches
• Shrink Labels
• Shrink Wrap
• Agro Textile
• Tapes
• Liners
• Others
Global Machine Direction Oriented (MDO) Films Market, By End-use Industry

• Food & Beverages
• Healthcare
• Personal Care
• Homecare
• Agriculture
• Others
Global Machine Direction Oriented (MDO) Films Market, By Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Machine Direction Oriented (MDO) Films Market

• Avery Dennison Corporation
• Toray Industries Inc.
• Lenzing Plastics GmbH & Co KG
• Kl√∂ckner Pentaplast Group
• CCL Industries Inc.
• NOWOFOL Kunststoffprodukte GmbH & Co. KG
• UPM Raflatac Inc.
• Polythene UK Ltd.
• Borealis AG
• Trico Specialty Films LLC
• Futamura Chemical Co. Ltd.
• Davis-Standard, LLC
• LA Plastpacks Pvt. Ltd.
• Polysack Plastic Industries Ltd.

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