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Tie Layer Resin Market Size & Trends 2023

According to a recent research report by Global Market Insights Inc., the tie-layer resin market size is expected to surpass USD 12 billion by 2030.

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Tie Layer Resin Market Size & Trends 2023

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  1. Tie Layer Resin Market Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by 2030

  2. According to a recent research report by Global Market Insights Inc., the tie-layer resin market size is expected to surpass USD 12 billion by 2030. • Tie layer resins (TLRs) are steadily gaining demand on account of the growing popularity of multilayer and flexible packaging solutions across various industries. These compounds are used in the making of food packaging solutions that can extend shelf life and maintain product quality. One of the key characteristics of tie layer resin is its ability to maintain adhesion between dissimilar layers in a coextruded film throughout package forming. • Increasing demand for multilayer packaging materials will accelerate the use of TLRs such as anhydride-modified polyolefins (AMP) for coextrusion. Companies operating in the tie layer resin industry are partnering with related firms to expand their product portfolio and business reach. In 2022, Saudi Basic Industries Corporation (SABIC) extended its collaboration with Mars Petcare and Huhtamaki in wet pet food packaging using certified circular polypropylene (PP) film from its Trucircle portfolio.

  3. Listed below are the Top 4 factors that will influence this growth: • 1)Demand for recyclable packaging in the food & beverage sector • The food and beverage sector relies heavily on packaging solutions like Polyethylene terephthalate (PET), polystyrene (PS), high-density polyethylene (HDPE), and low-density polyethylene (LDPE). However, excessive use of conventional plastic packaging has resulted in numerous harmful impacts on the environment. According to the U.S. Environmental Protection Agency (EPA), around 14.5 million tons of plastic containers & packaging were generated in 2018. • 2)Use of PP base resins in packaging • Polypropylene (PP) base resins are one of the most used plastic materials as they offer excellent weight reduction, safety, durability, moldability and economy. Features like exceptional mechanical properties and high resistance to heat, freezing, fatigue will make PP vital in packaging solutions. It also showcases excellent chemical resistance, protecting objects from acids, solvents, leaching, and corrosion. • 3)Need for advanced flexible packaging • Tie layer resins have found key application in flexible packaging solutions that are used across industries like retail, cosmetics & toiletries, food, and medical & pharmaceutical sector. For example, in the food sector, TLR is extensively used in flexible packaging solutions for products like cheese & meat.

  4. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/5327

  5. Latest Research Report Tie Layer Resin Market @ https://www.gminsights.com/industry-analysis/tie-layer-resin-market Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/5327 Request for customization @ https://www.gminsights.com/roc/5327

  6. THANK YOU www.gminsights.com

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