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Asia Pacific PE Woven Films Market

Asia Pacific Market Study on PE Woven Films: Preference for UV Stabilized Films Rapidly Rising across the Region

PE Woven Films Market by Product Type - General | UV Stabilized (Single Sided and Dual Sided) by Virgin PE and Reinforced PE Material types

Asia-Pacific PE Woven Films Market Market Snapshot

According to Persistence Market Research's most recent market analysis, the Asia-Pacific PE Woven Films Industry will generate US$ 71.2 Mn in 2023. The PE Woven Films Market is projected to grow at a steady 6.3% CAGR to reach US$ 131.2 Mn in value by 2033.

PE Woven Films sales (2022A)

US$ 18,830.4 Mn

PE Woven Films Demand (2023E)

US$ 20,371.7 Mn

PE Woven Film Market Projections (2033F)

US$ 44,802.3 Mn

Value CAGR (2023-2033)

6.3%

Collective Value Share: Top 3 Countries (2023E)

81.7%

PE Woven film is a robust, lightweight thermoplastic polymer. This is one of the plastics with the highest global production. Woven PE film is substantially stronger and has better mechanical strength as compared to nonwoven films. PE woven films are generally used for construction and agricultural purposes, where they can be used for a range of purposes such as vapor retarders, countertop protection, flooring, roofing, greenhouse covers, tubes, road reinforcements, mulches, and roofing membranes. Road reinforcement, pavement overlays, soil remediation & erosion control, grain & silage pile covers, and more are further applications for PE woven film.

On the other hand, the demand for food items like crops, fruits, and vegetables has been rising because of the rise in focus on maximizing agricultural output, which is a result of the expansion of the Asia-Pacific population. Countries are concentrating on increasing agricultural production. PE films are utilized to create a pleasant environment, improve soil nutrients, and keep nutrients valuable. Utilizing silage bags, greenhouses, and mulching can boost agricultural output by 20% to 35%. The rise in demand for PE Woven Films during the forecast period is being fueled by all of these factors.

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Historical (2017-22) v/s Forecast (2023-33) Market Outlook for PE Woven Films Market Market

According to the historical analysis, the market for PE Woven Films Market expanded at a compound annual growth rate (CAGR) of 4.5% from 2017 to 2022. The market share of PE woven films is growing for the past few years and after the Impact of COVID-19 PE woven films market is estimated to experience accelerated growth. The high pace of Urbanization is demanding high agriculture output and an increase in construction activities which is increasing the demand for PE woven films. On the Other hand, manufacturers are working on biodegradable films which will affect the market for PE woven films in near future.

It is estimated that the market for PE Woven Films Market is anticipated to grow more quickly than in the past. The market is predicted to expand at a CAGR of 6.3% over the forecast timeframe. The demand for reusable films, especially mulching films, is increasing. Growth in the global population has compelled governments and companies to develop bridge and railway infrastructure facilities. The growth of commercial and residential construction due to the population rise is also a growing trend. . In addition, the horticulture sector has also grown in India and China, which has led to increasing demand for plastic films for greenhouses, and mulching. All these factors are contributing to a growing demand for PE woven films.

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Market Dynamics

Significant Traction from the construction industry to Augment the Market Growth for PE Woven Films Market

The market is expected to be driven by the increasing number of green construction projects, strict regulations intended to reduce carbon and greenhouse gas (GHG) emissions, and growing industrialization and urbanization, especially in emerging economies like India & China. Another element driving the construction industry is a significant investment in residential and infrastructure development due to the easing of foreign investment laws. As a result, the demand for PE Woven Films in the construction sector will increase.

On the other hand, it's anticipated that the availability of application-specific goods and the cost advantages will increase demand. The increased acceptance of green building efforts in China and India has a significant impact on the demand for PE woven film. Better energy efficiency, lower operating costs, support for the preservation of natural resources, and increased production are all benefits of green construction practices. The green construction sector will be driven by favorable government efforts and incentives as well as the advantages of being recognized as a green project, such as property tax credits, which will boost product demand.

Spike in demand for PE Woven Films from the Agriculture industry creates ample space for PE Woven Films Market.

Demand for PE woven film in the agricultural sector has been driven by the need for lighter and safer constructions for uses including greenhouse film, mulch film, and silage film. greenhouse films provide durability and UV protection for crops. Due to the population boom in India and China, there is a growing need for food, which has created a need for the highest possible agricultural production. Over 13% of China's agriculture is mulched with plastic sheets, which is becoming more and more common as weeds and pests are kept at bay by its ability to trap heat and moisture.

These films are used over soil or wrapped around feed while covering greenhouses. These goods support raising crop quality and overall output. The commercialization of these specialist coverings is a result of the growing need to boost agricultural output to meet the daily food demand. Major users of PE woven film are found throughout the entire value chain of farm products, from crop growers to processors and retailers in the horticultural and agricultural industries. The industry's numerous advancements, such as UV-blocking, fluorescent, NIR (near-infrared) blocking, and ultra-thermal films, are anticipated to have a beneficial effect on the market for PE woven films.

Volatile Prices & High Installation cost Constraint the market growth for the PE Woven Films Market.

The PE film business is going through a significant change in dynamics. Volatile prices will have more impact on the Asia-Pacific market owing to its high global market share. The global PE film converting industry is reassessing how to maintain profitability in the PE film business. Companies are focusing on moving from the low-cost film sector to value-added market segments, utilizing LLDPE in place of LDPE to save cost, and developing value-added market segments with the help of bi-modal molecular weight PE grades.

One of the main constraints limiting the market's growth, particularly in developing nations like India and China, is the high cost of greenhouse film installation. The primary obstacles preventing the wider adoption of PE films in the agriculture business include their unaffordable price, lower durability, and lack of aesthetic value in the field.

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Country-wise Insights

What is the market scenario of the PE Woven Films Market in the South Korean market?

The construction and agricultural sectors in South Korea have enormous potential, which is why the country's demand for PE woven films is expanding quickly. In South Korea, the building industry is a significant one. The Construction Association of Korea (CAK) estimates that in 2019, revenue from Korea's construction-related sector, including public and private infrastructure and civil engineering services, was $148 bn. Therefore, it is anticipated that the construction sector would have a significant impact on developing smart cities and reviving the urban economy in the country during the next several years. The agricultural sector in Korea has seen significant progress from conventional agriculture to intelligent agriculture. PE woven film manufacturers should benefit from the development of smart agriculture technologies.

What Is the Growth Outlook of the PE Woven Films Market Market in India?

India is currently seeing profitable growth in the Asia-Pacific Woven Films market, with a healthy growth rate of 6.9%. India's expanding infrastructure development initiatives, rising rural and urban incomes, export-oriented agricultural demand, government policies aiming to double farmers' incomes by 2022, the agricultural export target of US$60 Bn by 2022, and a high proportion of agricultural land all contribute to an increase in PE film consumption.

Horticulture products are being consumed more frequently in India as a result of a rise in export demand. Because of the expanding demand for horticulture products, there are more greenhouses around the country. In the end, this is driving up demand in India for PE woven films.

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Category-wise Insights

What is the demand outlook of the Film Thickness Market segment in the PE Woven Films Market market?

With a value share of 36.40% in the Asia-Pacific market, the 2 - 6 mil segment is estimated to lead the PE Woven Film Segment by Thickness and to do so throughout the anticipated period.

Due to its extensive use in numerous applications, the 2 - 6 mil segment has the largest demand. The demand for 2 to 6-mil thickness films is quite high for roofing membranes, mulches, grain and silage pile covers, and greenhouse covers. Farmers in Asia-Pacific (particularly China) are switching from thinner films for mulching applications to films with a thickness of 2 to 6 mil because they are simple to remove, reuse, and recycle. The Asia-Pacific region has the biggest demand for the 2 - 6 mil category as a result of these considerations and will show huge significant market traction during the forecast period.

How does the Soil Remediation & Erosion Control segment fairing in the PE Woven Films Market market?

Soil Remediation & Erosion Control with a value share of 31.1% has the highest percentage of market share, reason behind this is that sustained high levels of staple food production have enabled Asian countries to support a large population within a limited area of arable land which led to major impacts on the status of soil resources in the region. All these factors have led to soil erosion, soil contamination, soil acidification, and so on. This has led to high demand for PE woven films for soil remediation and erosion control in the region.

Competitive Landscape

Market Players are making financial investments all across the region to increase their PE Woven Film manufacturing capacity to keep up with the escalating expectations of end customers. The numerous technological developments and the big competitors' increased efforts to expand through mergers, strategic alliances, and partnerships have opened up a wide range of market prospects. Players are working incredibly hard to create and put into practice cutting-edge technological advances to stay one step ahead of the competition. The market for PE woven film in the Asia-Pacific region has a lot of room to grow going forward, according to all of these factors.

For instance,

In 2018, Gale Pacific Commercial launched GALE poly fabric range at IFAI (Industrial Fabrics Association International) expo in Dallas. The IFAI Expo is regarded as the industrial fabric industry’s flagship show for commerce, networking, and knowledge.

Scope of Report

Attribute

Details

Forecast Period

2023-2033

Historical Data Available for

2017-2022

Market Analysis

  • USD Million for Value
  • Tons for Volume

Key Countries Covered

  • China
  • India
  • Japan
  • South Korea
  • ASEAN
  • Oceania
  • Rest of APAC

Key Segments Covered

  • Product type
  • Material Type
  • Film Thickness
  • Application
  • Country

Key Companies Profiled

  • Ginegar Plastic Products Ltd.
  • Gale Pacific Commercial
  • Hebei Weikete Plastic Products Selling Co., Ltd.
  • Shandong Zhengbang Plastic Products Co., Ltd.
  • LUGUAN Plastics
  • Foshan Haili Plastic Products Co., Ltd.
  • Henan Fengcheng Plastic Co., Ltd
  • Winco Industries Group Co., Ltd.
  • YANTAI BAGEASE PACKAGING PRODUCTS CO., LTD.
  • Polyplex Corp. Ltd.
  • Supreme Industries
  • Specialty Polyfilms Pvt. Ltd.
  • J.K. Polyfilm
  • Mono Industries
  • Essen Multipack Limited
  • INABATA & Co., Ltd.
  • Puyoung Industrial Co . Ltd.
  • ESEN POLYTHENE CO PTE LTD
  • GRC Group

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & Pricing

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PE Woven Films Market Market Segmentation

By Product type, the PE Woven Films Market market is segmented as:

  • General
  • UV Stabilized
    • Single Sided
    • Dual Sided

By Material Type, the PE Woven Films Market market is segmented as:

  • Virgin PE
  • Reinforced PE

By Film Thickness, the PE Woven Films Market market is segmented as:

  • <2 mil
  • 2-6 mil
  • 9 -10 mil
  • 12 mil
  • 20 mil

By Application, the PE Woven Films Market market is segmented as:

  • Greenhouse Covers
    • Agricultural Crops
    • Horticultural Cultivation
  • Low Tunnels
  • Mulches
  • Grain & Silage Pile Covers
  • Soil Remediation & Erosion Control
  • Roadway reinforcement & Pavement Overlays
  • Roofing Membrane
  • Ceiling & Wall Vapor Retarder
  • Artificial Turf

By Country:

  • China
  • India
  • Japan
  • South Korea
  • ASEAN
  • Oceania
  • Rest of APAC

- Companies Covered in This Report -

  • Ginegar Plastic Products Ltd.
  • Gale Pacific Commercial
  • Hebei Weikete Plastic Products Selling Co.,Ltd.
  • Shandong Zhengbang Plastic Products Co.,Ltd.
  • LUGUAN Plastics
  • Foshan Haili Plastic Products Co., Ltd.
  • Henan Fengcheng Plastic Co. , Ltd
  • Winco Industries Group Co., Ltd.
  • YANTAI BAGEASE PACKAGING PRODUCTS CO.,LTD.
  • Polyplex Corp. Ltd.
  • Supreme Industries
  • Specialty Polyfilms Pvt. Ltd.
  • J.K. Polyfilm
  • Mono Industries
  • Essen Multipack Limited
  • INABATA & Co., Ltd.
  • Puyoung Industrial Co . Ltd.
  • ESEN POLYTHENE CO PTE LTD
  • GRC Group

- Frequently Asked Questions -

The Asia-Pacific market of PE Woven Films Market is estimated to reach a valuation of US$ 71.2 Mn in 2023.

The PE Woven Films Market demand is anticipated to witness a growth rate of 6.3% over the forecast period of 2023 and 2033 in terms of value.

According to PMR analysis, Ginegar Plastic Products Ltd., Gale Pacific Commercial, Hebei Weikete Plastic Products Selling Co., Ltd., Shandong Zhengbang Plastic Products Co., Ltd., LUGUAN Plastics, Foshan Haili Plastic Products Co., Ltd., Foshan Haili Plastic Products Co., Ltd., Henan Fengcheng Plastic Co., Ltd, Winco Industries Group Co., Ltd., YANTAI BAGEASE PACKAGING PRODUCTS CO., LTD., Polyplex Corp. Ltd., Supreme Industries, Specialty Polyfilms Pvt. Ltd., J.K. Polyfilm, Mono Industries, Mono Industries, Essen Multipack Limited, INABATA & Co., Ltd., Puyoung Industrial Co . Ltd., ESEN POLYTHENE CO PTE LTD, GRC Group and others are identified as the key manufacturers in the PE Woven Films Market market.

Key players in the Asia-Pacific PE Woven Films Market market are expected to account for about 30-35% of the overall market share.

The top countries driving the Asia-Pacific PE Woven Films Market demand are Japan, China, and India

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