Plastic Films Market: Global Market Share, Demand, Sales 2019 – 2023 by Bemis Company, Amcor Limited, Jindal Poly Films, Sealed Air Corporation, E. I. du Pont de Nemours and Company, Garware Polyester Company, Vibac Group S.p.a., Toray Industries

Market Segmentation

The Global Plastic Films Market can be segmented on the basis of Technology, Type, and end-Users.

By Technology, the market is segmented by biodegradable films, nanocomposites, barrier polymer films, and water-soluble films. Biodegradable films do not contain chemicals, hence are incredibly convenient in food industries. They are less harmful to the environment, conserve energy and are renewable, which makes them appealing for manufacturers to use for their products. On the other hand, a majority of consumer products that use nanocomposite packaging are in the beverage industry.

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The types of Plastic Films are linear low-density polyethylene film (LLDPE), low-density polyethylene film (LDPE), high-density polyethylene (HDPE), polypropylene films, polyethylene terephthalate (PET) films, polyvinyl chloride (PVC) films, and others (polystyrene, polyamide, polyvinyl butyral, polyester). LLDPE films are used in applications such as pipes and conduits, sheets, wires and cables, rotomolding, injection molding, and films. The global linear low-density polyethylene (LLDPE) market is growing steadily to increasing applications in household products, packaging, automotive, and agriculture segments.

Lastly, the End-Users of Plastic Films are packaging, consumer goods, construction, pharmaceutical, electrical, and others (agriculture, household). Massive demand in packaging industry is likely to drive the plastic films market growth. The packaging industry makes extensive use of plastic films due to their easier availability and low prices. Also, plastic films used in pharmaceutical industry increase the shelf life of medicines and drugs and protect them from external environment for a long time.

Regional Analysis

The regions covered by Global Plastic Films Market are North America, Europe, Asia-Pacific, Latin America, Middle East and Africa, and the Rest of the World (RoW).

The Asia-Pacific market is the fastest growing region due to growing industry such as packaging, consumer goods, and electrical. The massive flexible packaging industry in the developing economies such as China and India leads to the proliferation of the Plastic Films Market in this region. Also, increasing population and improving standards of living in countries like India, China, Taiwan, and South Korea, have spurred the demand for Plastic Films. The increasing purchasing power of consumers, heavy demand for medical goods, and the vast agricultural production fuels the plastic films market in this region.

North America is the second fastest growing market globally. An increase in time constraints on consumers has led to the rise in demand for Plastic Films packaged items in North America. Also, growth of large retail chains in this region is giving way to Plastic Films Market in a big way. Lifestyle changes and rising disposable incomes also attribute to the market growth in this region. The well-established manufacturing base in North America contributes significantly to the market growth in the area.

The Europe Plastic Films Market has exhibited steady growth owing to rise in the consumption of sustainable textiles, growing demand from application industries and prevalence of eco-friendly plastic films. Government initiatives to increase the use of recycled plastics propels the manufacturers to produce biodegradable films in this region. Increasing use of energy-efficient technologies by Plastic Films manufacturers and growing demand from packaging industry for sustainable and biodegradable plastic films are likely to create new opportunities for players in the Global Plastic Films Market in Europe.

The Middle East and Africa regions are witnessing moderate growth due to growing population, increasing urbanization, rising consumers and demand for diverse products. While majority of products are imported from other regions, there is now massive investment taking place in plastics processing operations driving the market growth in these regions.

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