According to the latest report by IMARC Group “Machine-Direction Orientation (MDO) Films Market, Global Share, Trends, Growth Rate, Research Report, Opportunity and Forecast 2023-2028“. The global machine-direction orientation (MDO) films market share reached US$ 4.13 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.37 Billion by 2028, exhibiting a growth rate (CAGR) of 4.37% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Machine-direction orientation (MDO) films refer to polymer films that undergo a process of heating and stretching to a particular orientation slightly below their melting point. They are manufactured using various materials such as linear low-density polyethylene (LLDPE), ethyl vinyl alcohol (EVOH), polypropylene (PP), polyethylene terephthalate (PET), and high-density polyethylene (HDPE). They possess increased stiffness, elevated moisture, water vapor barrier, improved optical clarity, and reduced structure weight. As a result, MDO films find extensive applications in healthcare, homecare, agriculture, and personal care industries across the globe.
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Machine-Direction Orientation (MDO) Films Market Trends:
The market is primarily driven by rising product demand from the packaging industry. Moreover, the surging adoption of MDO films in the food and beverage (F&B) industry due to the rising preference for convenient packaging solutions is positively influencing the market growth. Additionally, rising demand for ready-to-eat (RTE) and ready-to-cook packaging among consumers due to their hectic schedules and busy lifestyles has catalyzed market growth. Furthermore, the rising demand for MDO films that are biodegradable, environment-friendly, and recyclable is contributing to the market growth. Other factors, including rising demand for polypropylene (PP) due to its numerous desirable properties, widespread product adoption in the personal care industry, and increasing demand for improved packaging performance, are also anticipated to drive the market further.
Report Segmentation:
The report has segmented the market into the following categories:
Material Type Insights:
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
Manufacturing Process Insights:
Cast Films
Blown Films
Application Insights:Bags and Pouches
Shrink Labels
Shrink Wrap
Agro Textile
Tapes
Liners
Others
End Use Industry Insights:
Food and Beverages
Healthcare
Personal Care
Homecare
Agriculture
Others
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape:
Avery Dennison Corporation
Borealis AG
CCL Label Eclipse Films
Coveris
Davis-Standard LLC
Futamura Group
Lenzing Plastics GmbH Co KG
Polysack Plastic Industries Ltd.
Toray Industries Inc.
Trico Specialty Films LLC
Windmöller & Hölscher
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