MDO Films Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis, Regional Insights and Forecast 2021-2028

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Others

According to Vision Research Reports, the global MDO Films market is expected to garner growth at a CAGR of 5.2% between 2021 and 2028.

MDO films are recently witnessing diverse scopes for application. The demand for packaging of healthcare products to be a lucrative sector. Owing to their high barrier properties and flawless print finish for a plethora of packages, MDO films sales uptick is forecast.

COVID-19 Outbreak Might Shrink Sales

The market is expected to undergo a period of decline owing to the COVID-19 outbreak in 2020. Disruption of growth witnessed in food and food service businesses in response to extended lockdown orders will hamper growth in the MDO films market as well.

Against the backdrop of ongoing pandemic, governments are compelled to implement stringent regulations curbing free movement and transport in countries worst hit by the virus. This has been creating supply chain disruptions for several markets. MDO films producers are not immune to the suddenness of the change.

Several companies had to pause their operations to obey government decisions, which has significantly affected their growth trajectory. Besides this disruption in product management and distribution network and constantly changing financial conditions and tariffs in many countries may hamper the growth of the market to an extent.

Some of the key takeaways from the report are highlighted below:

  • Manufacturers are likelier to opt for polypropylene (PP) plastic to produce lightweight MDO films. In terms of materials, the PP segment is forecast to hold the dominant share of 45% in the market
  • Among manufacturing processes, blown films will account for more than 2/3rd of the market and is likely to remain dominant through the course of the report’s forecast period
  • Based on packaging applications, bags & pouches are likely to remain dominant. The segment is forecast to expand significantly in the coming years
  • The food & beverages segment is likely to emerge dominant. By the end of 2028, the industry is forecast to account for more than 42% of the global market
  • Regionally, North America has emerged as the most lucrative market for MDO films. The presence of well-established food sector, including formidable online food service companies, besides a sophisticated infrastructure of pharmaceutical companies will support growth in the region

VRR sees incredible opportunities ahead for the market, thanks to the rising demand from various industries. MDO films are considered excellent packaging solutions that offer barrier against moisture, oxygen, and bacteria. This is one of the most sought-after features helping the market gain traction from various industries.

F&B Sector to Remain Dominant End User

Food and beverages industry has continued to account for the lion’s share of the overall market. The expansion of food service chains besides skyrocketing demand for convenience food and easy-to-eat meals has fuelled the demand for efficient packaging solutions.

MDO films are increasingly used for the packaging of food, dairy products, confectionery, snacks, and beverages. The expansion of food chains and changing eating bits in India, China, and ASEAN countries are expected to positively impact the market.

MDO films such as CPP films have become common packaging solutions in North America, where the demand for ready-to-eat and partially-cooked food is visibly high. The rising consumption of convenience food, besides the increasing demand for efficient packaging solutions will enable growth in the MDO films market.

MDO Films Have Impressive Prospects but Not Without Challenges

Producers of MDO films are still discovering novel market opportunities. However, some of the existing technical difficulties are withholding even a few big projects from coming of age. However, advent of new equipment could make the journey easier.

Despite all the aforementioned benefits, there isn’t enough supply of MDO film products in the market. According to experts, several types of MDO films besides a few relatively simpler ones such as monolayer stretch films are quite difficult to get right.

For instance, MDO films can be used to enhance barrier properties in EVOH and nylon, but it can also make them brittle. To mitigate these concerns, market players are looking at novel technologies and equipment to improve the flexibility of MDO films. In the past few years, a small but significant change is witnessed in the market in this regard.

Demand from Convenient Packaging in Food Sector Stoking Growth

Food sector has emerged as a highly attractive segment, accounting for a significant percentage of sales proceeds. Consumers’ inclination for convenient food has in turn made them seek convenient packaging, which includes features such as easy-to-open and are re-sealable.

The demand for customization also is at all-time high as consumers across cities and high potential markets are seemingly inclined towards ready-to-cook packaging. Their changing preference is expected to have a considerable impact on the market. The rising demand for on-the-go consumption, attributable to time constraints, is viewed as opportunity in the making for MDO films producers.

MDO films have enhanced mechanical, barrier, and optical properties, which make them ideal packaging solutions for the food sector. With dealers augmenting their portfolio as a result of solid focus on convenience for consumers, the market can expect the sales to steadily pick up over the course of the forecast tenure.

Rising Demand for Higher Shelf-Life Creating Scope for Expansion

In tandem with consumers’ needs, an increasing number of manufacturers are developing MDO films that offer robust seal performance. These films address a wide range of packaging needs besides exhibiting superior sealing functionality. These properties offer longer shelf-life to food packed inside.

A key point to note here is that a small increase in shelf life, especially in meat products, is a valuable proposition offered by the manufacturers. This also helps them in expanding their footprint.

MDO films producers often contribute towards extending shelf life of various products by offering improvements such as modified packaging, vacuum, and atmosphere and implementing novel packaging formats. As a result of similar efforts, the market today is witnessing increasing demand for diverse applications within the food sector.

For instance, these films are used in the packaging of various products such as confectioneries and bakeries, ready-to-eat and frozen foods, fruits and vegetables, and others. Sales uptick witnessed in the market also it attributable to the expansion of large retail chains in developed and high potential markets alike.

Opportunities Abound in Asia Pacific

While North America continues to lead the global market, Asia Pacific is fast emerging as a major hub for MDO film producers. Expansion of the food & beverages, pharmaceutical, personal care, cosmetics, and agriculture sectors has bode well for the MDO films market in Asia Pacific.

Because Asia Pacific is home several high potential and upcoming markets it offers plenty of scope for investment. Some of the leading market players have been shifting their focus towards Asia Pacific either by collaborating or acquiring local players or buy introducing their brands via product launches.

A key point to note here is that Asia Pacific is likely to exhibit considerably high demand for flexible packaging solutions. These packaging types are increasingly replacing the conventional and rigid packaging that used non-plastic materials.

MDO films are lightweight and better durable. With latest advancements in technologies they are also improving in flexibility. Spurred by these improvements, the demand in China and India is expected to surge considerably in the coming years.

Chances of Possible Quality Degradation

Most commercial films available in the market are either mono layered or 3 layered. In the last couple of years, the demand for 5 and 7 layer barrier films has surged as well. MDO films, which can offer excellent flexibility, it requires expert operators with substantial experience to possess a feeling of the likely outcome whenever variables are changed during production or processing.

Additionally, oriented coextruded films containing polyamide or EVOH might pose challenges with regards to the maintenance of the film after orientation and their adhesive tie layer. Difference in mechanical properties of barrier layers and polyolefin films can reduce the adhesion strength post orientation. Multilayer films may also lose their elasticity and become brittle during the process.

Competition Landscape

Competition is expected to get fiercer in the global MDO films market. Because India and China have emerged as high potential pockets, conflicts between companies to grab the largest share of the pie will increase. Also the presence of several local players will fuel competition witnessed in the market.

TMR in its report profiles some of the leading companies. These include Avery Dennison Corporation, Toray Industries Inc., Lenzing Plastics GmbH & Co KG, Klöckner 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., and Polysack Plastic Industries Ltd.

For the purpose of the study, it has segregated the companies as Tier 1, Tier 2, and Tier 3 to study their footprint and stronghold in the market. As per the report, Tier 1 players include Klöckner Pentaplast Group, CCL Industries Inc., Borealis AG and Toray Plastics (America), Inc. Tier 2 comprises companies such as Futamura Chemical Co. Ltd, Davis-Standard, LLC, UPM Raflatac Inc. among others.

Market Segmentation

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.)

By Manufacturing Process

  • Cast films
  • Blown films

By Application

  • Bags & Pouches
  • Shrink Labels
  • Shrink Wrap
  • Agro Textile
  • Tapes
  • Liners

By End Use Industry

  • Food & Beverages
  • Healthcare
  • Personal Care
  • Homecare
  • Agriculture
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Report Scope

The MDO films market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of MDO films market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global MDO films market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the MDO films market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted MDO films market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the MDO films capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of MDO films by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global MDO films market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major MDO films market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of MDO films market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the MDO films industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

MDO films market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to MDO films market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of MDO films market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new MDO films market. These factors have benefited the growth of the global market for MDO films. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for MDO films. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of MDO films are as follows:

  • History Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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