Asia Pacific Pe Woven Films Market

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

Asia Pacific PE Woven Films Market Segmented By General, Single-sided and Dual-sided UV Stabilized with Virgin PE, Reinforced PE Material in Hardware, Software, Service Component

About the Report

Polyethylene (PE) woven film is a lightweight, durable thermoplastic sheet, and one of the most widely produced plastics across the world. Polyethylene woven film is used in applications ranging from greenhouse covers, tubes, road reinforcements, mulches, to roofing membranes. Woven PE film is much stronger with higher mechanical strength as compared to nonwoven film. UV stabilized PE woven film has additive stabilizers to protect substances from long-term degradation from UV light. PE woven film has a variety of other applications such as grain & silage pile covers, soil remediation & erosion control, road reinforcement, and pavement overlays, among others, and also helps increase agricultural output by almost 25 to 30%, along with being a key component in the construction industry as well. All these beneficial factors are driving demand for PE woven film across the Asia Pacific region.

In the past few years, rapid market growth has been witnessed in Asia Pacific, especially China. After the impact of COVID-19, industries are aiming to regain their market values. Although, there was no impact of the pandemic on the demand for PE woven films from the agriculture industry in the Asia Pacific region.

In its new study, Persistence Market Research offers insights about key factors driving demand for PE woven film. The report tracks Asia Pacific sales of PE woven film in high-growth countries in the region, which reveals that China, India, and Japan lead the pecking order. It also analyzes the impact COVID-19 has had on various related industries in general, and the Asia Pacific PE woven films market particular.

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Companies

  • 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

Historical Vs Future Outlook Details

PE woven films are majorly used in agriculture and construction applications for the purpose of limiting sunlight, retaining moisture, countertop protection, vapor retarders, window films, flooring, roofing, and others. The market is growing fast from the past few years, and after the impact of COVID-19, it is estimated to experience accelerated growth. High pace of urbanization is demanding more agriculture output and increase in construction activities, which is raising the demand for PE woven films.

The main challenges in front of end users to select the right film - environmental impact, durability, thickness, and cost. Also, manufacturers are working on biodegradable films, which will shape the market for PE woven films in the near future.   

There is a growing trend of shifting toward biodegradable films. Biodegradable mulch offers several benefits such as eco-friendliness and sustainability when compared to polyethylene (PE) mulch. It has less impact on the soil’s biological and biogeochemical processes, reduces the risk of microbial community changes and functioning via microclimate modification, and reduces labor cost and landfill disposal fees associated with removing and disposing PE mulch. Organic farms, which tend to enjoy higher profit margins, are more enthusiastic buyers of biodegradable films in India and China, because it is easier to obtain and renew an organic certification when using biodegradable film. Rising number of green building projects, stringent regulations aimed at reducing carbon and greenhouse gas (GHG) emissions, and rapid industrialization and urbanization, especially in emerging economies such as India and China, are projected to drive demand for PE woven films across Asia Pacific.

Key players in the market are engaged in acquisitions, expansion, new product launches, and collaborations for creating a strong foothold in this landscape. For instance, these key players are acquiring regional players, which helps them strengthen their footprints in markets across the region.

The global economy displayed slower than anticipated growth in 2019. According to the International Monetary Fund (IMF), global growth in 2019 was 2.9%, a slight decrease from 3.6% recorded in 2018. All prominent economies recorded below-average growth, despite monetary policies worldwide, an uncommon increase in investment volumes, and low commodity prices, which simply means that has a huge impact over all industries as well as the market for PE woven films.

Persistence Market Research expects the Asia Pacific PE woven films market to expand at a CAGR of close to 7% through 2031.

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What is Aiding Demand Growth for PE Woven Films in Asia Pacific?

Urbanization has played a vital role in the development of infrastructural facilities across the globe, and more so in Asia Pacific. Increasing urbanization and population have led to rising investments in construction and agriculture industries in countries such as India and China. India’s smart city program offers a road map for cities working to prepare for mass urbanization with limited funds. In the next 15 years, around 200 million people will move from rural areas in India to the country’s urban centers. Development of India's infrastructure presents a huge task as well as a huge opportunity for manufacturers of PE woven films.

Development of domestic infrastructure in China has seen great progress in the past decade. Urban infrastructure in China is an important support for urban development and society. The urban population of China is approximately 790 million, and the country has an urbanization rate of 57 percent. Between 2016 and 2018, the Chinese government approved a host of infrastructure projects from railways and highways to watercourse and airports, totaling roughly US$ 710 billion. As urban population increases, demand for infrastructure is also set to rise. All these factors will lead to significant demand growth for PE woven films in the region.

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Why is R&D Key to Market Consolidation?

Key manufacturers are investing in research & development of PE woven films to provide better and eco-friendly films to users.  Consumer are becoming more aware regarding environmental safety, and many countries are shifting toward sustainability, which is leading to increasing demand for reusable multilayer PE woven films. Films having high thickness are more preferable in applications where they can be used multiple times, such as greenhouse coverings, low tunnels, roofing membranes, and others. The reason is simple - thicker films have more resistance toward puncture and damage, and have long-lasting capability in changing weather conditions. Also, films having low thickness can be used only once and are not sustainable. Due to all these factors, manufacturers are focused on developing high-quality innovative PE woven film products, while adhering to various regulations, resulting in increased new product offerings in the Asia Pacific region.

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Country-wise Insights

Why is China the largest demand center for PE woven films in Asia Pacific?

Persistence Market Research has projected China to remain one of the most lucrative markets throughout the course of the forecasted period. One of the key factors supporting this is drastic growth in use of PE woven films in mulching, low tunnels, greenhouse covers, and soil remediation and erosion control applications in the country. According to the China Agricultural Statistical Yearbook, the amount of plastic film in China increased nearly five-fold from 0.31 to 1.41 Mt from 1991 to 2014; an annual average growth of 7.1%. This is due to climatic atmosphere and water scarcity in the country, which makes PE-based agricultural films almost indispensable. In addition, China is expected to spend approximately US$ 1.4 trillion on a digital infrastructure public spending program. This is expected to create significant opportunity for PE film manufacturers for construction applications in the country.

How is horticulture development propelling growth in India?

Growing infrastructural development activities in India, rising rural and urban income, export-oriented agricultural demand, government policies aiming to double farmers’ income by 2022, agricultural export target of US$ 60 Bn by 2022, and high proportion agricultural land is driving the consumption of PE films in India. Consumption of horticulture products is growing in the country due to increasing export-oriented demand. Increasing demand for horticulture products have led to an increase in the number of greenhouses in the country. This is ultimately leading to rising demand for PE woven films in India.

Why is the infrastructure sector driving demand in Japan?

Japan is huge market for PE woven films in Asia Pacific. Crop production is vital to Japan, despite limited arable land (13% of the total area) and the highest degree of industrialization in Asia. Lack of arable land and space and a declining population have made the clever use of technology and abandoned buildings a necessity in Japan. Because of the lack of arable land, decreasing population, and an ever-growing demand for fresh produce, there is a need for greenhouses, low tunnels, and mulches to increase farm produce. The construction industry also provides ample opportunities for PE woven film manufacturers in the country. Japan, the world’s third-largest economy, represents an impressive untapped market, with many major construction players making around 80% of their turnover in the country.

Why is demand for PE woven films growing at a rapid pace in South Korea?

South Korea’s construction and agriculture industry has huge potential, due to which, demand for PE woven films is growing at a rapid pace in the country. The construction sector is a major industry in South Korea. According to the Construction Association of Korea (CAK), Korea’s construction-related industry, including public and private infrastructure and civil engineering services, generated revenue estimated at US$ 148 billion in 2019. As such, the construction industry is expected to play a big role in creating smart cities and revitalizing the urban economy over the coming years in the country. Korea's agricultural industry has undergone considerable development from traditional agriculture to smart agriculture. Emergence of smart agricultural technologies is expected to give more opportunities to PE woven film manufacturers.

What is the scenario in ASEAN countries for PE woven films?

ASEAN is a growing market for PE woven films, and is estimated to experience healthy growth during forecast period. The market share of PE woven films in ASEAN is very high and continuously growing due to increasing agriculture infrastructure and rising urbanization. ASEAN is one of the most productive agricultural baskets in the world. Optimism is high on the growth of the agriculture sector in the region. The ASEAN region is home to around 600 million people, while its main food markets - East Asia and South Asia - have populations of 1.6 billion people and around 1 billion people, respectively. The ASEAN region, as a whole, is united in experiencing substantial economic and population growth. The Asia Development Bank has reported that total infrastructure needs in the region will grow from US$ 2.8 trillion (baseline estimate) to US$ 3.1 trillion (climate-adjusted estimate). Growing construction and agriculture industry will create ample opportunities for PE woven film manufacturers in ASEAN countries.

Category-wise Insights

Which application segment has a high market share and why?

Soil remediation & erosion control has the highest percentage of market share, because sustained high levels of staple food production have enabled Asian countries to support a large population within a limited area of arable land, which has had a major impact 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.

Why is virgin PE woven film most widely used?

Virgin PE woven film is most widely used - the main reason behind this is that it provides better properties compared to reinforced film. Virgin film is easily recyclable and is more durable. Virgin PE woven films can be reused easily in mulching applications. All these advantages have led to high demand for virgin PE woven films in the region.

Which film thickness experiences the highest demand?

2 – 6 mil segment holds the highest demand share due to its high usage in a variety of applications. Demand is high for greenhouse covers, mulches, grain and silage pile covers, and roofing membranes. In mulching applications, farmers in Asia Pacific (especially China) are shifting from less thickness films toward 2 – 6 mil thickness films, as these can be easily removed, reused, and recycled.

What makes UV stabilized PE films highly sought-after?

Demand for UV stabilized PE films is significantly higher than general PE films. UV stabilized PE films provide an impenetrable barrier for UV rays, making them valuable in plant protection applications. Ever-changing weather condition in Asia Pacific countries lead to uncertain growth of quality crops. UV stabilized PE films has proved to be highly economical and effective in controlled environment agriculture, especially in greenhouses. Plants grow more uniformly and with more vigor, and as such, are less susceptible to disease, with richer colors in their blossoms and leaves. This has led to high demand for UV stabilized PE films as compared to general PE films.

What is the scope for greenhouse covers in the region?

Demand for food items such as crops, fruits, and vegetables has been increasing due to growth in the Asia Pacific population. Countries are focusing on maximizing their agricultural output. PE films are used to provide a desirable climate atmosphere, enhance soil nutrients, and maintain the value of nutrients. Usage of mulching, greenhouses, and silage bags increases the agriculture production rate up to 20%-35%. These products aid in improving crop quality and increasing overall productivity. Rising need to increase agricultural productivity to fulfill the daily demand for food has led to the commercialization of these specialty coverings.

Competitive Landscape

The Asia Pacific PE woven films market is dominated by a few large players and a large number of small-scale companies. Most key players have targeted the Chinese and Indian markets due favorable government policies and growing population in these countries. In China and India, companies have been into the fray of acquiring other companies for integrating and consolidating their PE woven film business. The traditional vendor-user supply chain has been rapidly changing, with traditional suppliers vertically integrating into production. Many companies have been partnering with companies across countries, entering into joint ventures, expanding plant capacities, and developing effective distribution channels. At the same time, foreign companies have also been partnering with companies in Asia Pacific for these very same reasons.

Companies operating in the market are planning to acquire and collaborate strategically with end consumers and regional distributors to meet the needs of an expanding consumer base. Suppliers of PE woven films are adopting collaboration and regional expansion strategies to establish a foothold in new and fast-growing markets. These are some of the key players worth mentioning:

  • 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.
  • GCR Group

*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report.

Scope of Report

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

USD Million for Value and  Mn Sq. Mtrs. for Volume

Key Regions Covered

  • Asia Pacific

Key Countries Covered

  • China
  • India
  • Japan
  • South Korea
  • ASEAN
  • Oceania
  • Rest of Asia Pacific

Key Segments Covered

  • Product Type
  • Material
  • 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.
  • GCR Group

Report Coverage

  • Market Forecasts
  • Brand Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Market by Category

Product Type

  • General
  • UV Stabilized
    • Single-sided
    • Dual-sided

Material

  • Virgin PE
  • Reinforced PE

Film Thickness

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

Components Type

  • Hardware
  • Software
  • Service

Application

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

Country

  • China
  • India
  • Japan
  • South Korea
  • ASEAN
  • Oceania
  • Rest of Asia Pacific

Key Questions Answered in Report

Q1. Which is the most lucrative market for PE woven films?

China currently leads the market -  sales in the country are expected to increase at a CAGR of more than 7% throughout the forecast period.       

Q2. Which is the most lucrative application for PE woven films?

PE woven films are mostly used in soil remediation & erosion control to protect the soil from erosion and contamination due to extensive farming and construction activities.

Q3. Which are some of the leading PE woven film manufacturers?

Ginegar Plastic Products Ltd., Hebei Weikete Plastic Products Selling Co., Ltd.,  INABATA & Co., Ltd., Puyoung Industrial Co . Ltd., and some other companies are leading manufacturers of PE woven films in Asia Pacific.

Q4. Which trend will impact the market for PE woven films?

Many manufacturers are shifting toward producing biodegradable plastic films, which will impact demand for PE woven films in the near future.

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Is this research conducted by Persistence Market Research?

Yes, the research has been conducted by expert analysts of Persistence Market Research, through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

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