Tie Layer Resin Market worth $1.8 billion in 2029 Globally, at a CAGR of 3.6% says MarketsandMarkets™

Chicago, July 11, 2024 (GLOBE NEWSWIRE) — The Global  Tie Layer Resin Market  size is projected to grow from USD 1.6 billion in 2024 to USD 1.8 billion in 2029, at a CAGR of 3.6%, as per the recent study by MarketsandMarkets™. The demand for tie layer resins in the Asia Pacific region is rising due to the region’s rapid economic growth, leading to increased industrial activities. The surge in e-commerce and retail sectors has heightened the need for robust and efficient packaging solutions, driving the adoption of tie layer resins for multi-layer packaging applications. Additionally, the growing automotive industry in the region demands advanced materials for fuel tanks and other components, while the electronics sector’s expansion requires high-performance protective packaging. Government initiatives promoting sustainable and recyclable materials also boost the demand for tie layer resins, aligning with global environmental goals.

Download PDF Brochure:  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=61986367

Browse in-depth TOC on “Tie Layer Resin Market”.

170 – Market Data Tables
65 – Figures
320 – Pages

List of Key Players in Tie Layer Resin Market:

  • LyondellBasell Industries Holdings B.V. (UK)
  • Westlake Corporation (US)
  • Mitsui Chemicals, Inc. (Japan)
  • Mitsubishi Corporation (Japan)
  • Exxon Mobil Corporation (US)
  • Dow (US)
  • Polyram Group (Israel)
  • Zeus Company LLC (US)
  • The Compound Company (Netherlands)
  • Allnex GmBH (Germany)

Key Findings of the Study:

  • The flexible application segment is expected to account for one of the largest shares in 2023.
  • The food & beverage end-use industry segment is expected to account for one of the largest shares in 2023.
  • Asia Pacific is expected to account for the largest share in 2023.

Get Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=61986367

LLDPE (Linear Low-Density Polyethylene) has a prominent demand in the tie layer resin market due to its unique combination of properties that make it ideal for multi-layer packaging. LLDPE offers excellent tensile strength, puncture resistance, and flexibility, which are essential for maintaining the integrity of multi-layer structures. Its ability to adhere well to a variety of other materials, such as polyethylene, polypropylene, and ethylene vinyl alcohol (EVOH), ensures strong bonding between layers. This characteristic is crucial for applications requiring robust, durable packaging solutions.

Furthermore, LLDPE is known for its good processability, enabling efficient production of high-quality films. It also provides effective barrier properties against moisture and gases, making it particularly valuable for food packaging applications were preserving freshness and extending shelf life are critical. The versatility of LLDPE allows it to be used across a wide range of industries, including food and beverage, agriculture, and industrial packaging, contributing to its high demand in the tie layer resin market.

The growing focus on sustainability and recyclable materials has also increased the demand for LLDPE-based tie layer resins. LLDPE can be used to create recyclable multi-layer packaging solutions, aligning with global efforts to reduce environmental impact. Its cost-effectiveness and availability further enhance its attractiveness as a preferred material in the tie layer resin market.

Get 10% Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=61986367

Flexible packaging applications are experiencing tremendous demand in the tie layer resin market due to several key factors. Firstly, flexible packaging offers superior barrier properties, protecting contents from moisture, oxygen, and contaminants, which is essential for preserving food freshness and extending shelf life. Its lightweight and flexible nature reduces transportation costs and improves convenience for both manufacturers and consumers. Additionally, flexible packaging can be customized into various shapes and sizes, making it suitable for a wide range of products across food, beverage, pharmaceutical, and personal care industries.

Europe plays a significant role in the tie layer resin market for flexible packaging due to its stringent environmental regulations and commitment to sustainability. European regulations emphasize reducing plastic waste and promoting recycling, driving the demand for advanced tie layer resins that enable the production of recyclable and biodegradable packaging materials. The region’s strong focus on sustainability encourages innovation in the development of eco-friendly packaging solutions. Moreover, Europe’s robust food and beverage sector, which heavily relies on flexible packaging, further propels the demand for high-performance tie layer resins. European manufacturers also benefit from advanced R&D facilities and substantial investments in sustainable packaging technologies, positioning Europe as a key player in the global tie layer resin market.

There are various small, medium, and large players operating in the market. Some of the major market players include LyondellBasell Industries Holdings B.V. (UK), Westlake Corporation (US), Mitsui Chemicals, Inc. (Japan), Mitsubishi Corporation (Japan), Exxon Mobil Corporation (US), Dow (US), Polyram Group (Israel), Zeus Company LLC (US), The Compound Company (Netherlands), and Allnex GmBH (Germany) among others, have framed their strategies to penetrate and create bases in these emerging markets. Furthermore, numerous businesses are seeking to strengthen their research and development departments to deliver more efficient and sustainable goods. These products are manufactured in accordance with the limits imposed by organizations and governments. All of these factors are projected to help to the long-term development of tie layer resin market players over the following five years.

Browse Adjacent Markets: Coatings Adhesives Sealants and Elastomers Market Research Reports & Consulting

Related Reports:

  • Carbon & Graphite Felt Market
  • Plate and Tube Heat Exchanger Market
  • Green Hydrogen Market
  • Building Thermal Insulation Market
  • Semiconductor & IC packaging materials Market
CONTACT: About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Rohan Salgarkar MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. IndiaShorts takes no editorial responsibility for the same.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Privacy & Cookies Policy