Press release
Packaging Film Market 2021 Disclosing Latest Trends and Advancement Outlook 2026
The Packaging Film Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Packaging Film market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Packaging Film market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Packaging Film market.The packaging film market is expected to witness a healthy CAGR of 6% over the forecast period (2021-2026).
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Top Leading Companies of Packaging Film Market are - AEP Industries Inc., Novolex, Amcor PLC (Bemis Company Inc.), RKW SE, Dupont Teijin Films, Jindal Poly Films Ltd, Innovia Films, ProAmpac, Cosmo Films Ltd, SRF Limited, Graphic Packaging International LLC, Sigma Plastics Group, Sealed Air Corporation and others.
Industry News and Updates:
- May 2019 - Bemis Company Inc. and Amcor Limited announced to merge and become one company by 12th June 2019 with clearance from the US Department of Justice.
- February 2018 - Berry Global acquired Clopay Plastic Products Company Inc. from Griffon Corporation, at a total value of USD 475 million.
Key Market Trends:
Food and Beverage and Healthcare Sectors Hold Majority of the Share in Packaging Film Market
- The packaging sector is evolving constantly to cater to changing consumer needs. Growing disposable incomes and the increasing middle-class population are among the prominent factors driving the demand for high-barrier packaging films across industries, such as food and beverage, consumer products, industrial goods, and others.
- Food and beverage packaging is estimated to be the largest consumer of packaging film, followed by pharmaceutical and medical packaging, respectively. However, the healthcare sector is expected to offer huge potential growth opportunities for the packaging film market over and beyond the forecast period.
Asia-Pacific and Europe Contribute to Healthy Growth Rate over the Forecast Period
- Growing disposable incomes and a rising middle-class population are among the prominent factors driving the demand for high-barrier packaging films across industries in the Asia-Pacific region. The increasing demand for packaged food and pharmaceutical products in growing economies, such as China, India, Thailand, and Indonesia is expected to drive the growth of the packaging film market in Asia-Pacific at the highest rate.
- Also, the European Union and the United Kingdom are at the forefront of countries that make efforts to reduce plastic usage and waste. In 2018, EU European Strategy for Plastics in a Circular Economy. Thus the market in this region is likely to witness a steep shift toward other packaging alternatives.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Packaging Film Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Packaging Film Market (%),2016 - 2026
- Packaging Film Market Share, By Brand
- Packaging Film Market Share, By Company
- Packaging Film Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Packaging Film Market Value Analysis & Forecast
- Promising Packaging Film Development by Major Companies
- Detailed Packaging Film Portfolio of the Major Companies
- Major Deals in the Packaging Film Market
- Major Companies Analysis
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https://www.marketinsightsreports.com/reports/02082592129/packaging-film-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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