Global MDO film market is expected to grow at a compound annual growth rate of XX% over the period 2019 to 2024 to reach a market size of US$XX billion by 2024 from US$XX billion in 2018. Simultaneously, the estimated volume of MDO film is expected to increase from XX metric tonnes in 2018 to XX metric tonnes in 2024. MDO films provides better protection and keeps the freshness of the product intact. Increasing consumption of ready to eat and convenience products coupled with increasing use of MDO films in packaging is expected to drive the market for MDO films. Major industries driving the demand for MDO films are food & beverage, healthcare, agriculture and cosmetics among others. North America is expected to be a prominent region whereas Asia-Pacific is also anticipated to hold a significant market share.
Rising demand for customer friendly packaging.
Growing demand for MDO films in packaging industry.
Stringent regulations regarding plastic made products.
The major players profiled in the MDO films market include Polysack Ltd., Borealis AG, Kunststoffprodukte GmbH & Co. KG, Avery Dennison Corporation, Lenzing Plastics GmbH & Co KG, LA Plastpacks Pvt. Ltd., Wytwornia Wyrobow Foliowych FOLPLAST, Klöckner Pentaplast Group, UPM Raflatac Inc., Davis-Standard LLC, Hosokawa Alpine Aktiengesellschaft
The MDO films market has been analyzed through the following segments:
Ethylene vinyl alcohol
Bags & Pouches
Liners & Coatings
Food and Beverage
Middle East and Africa