Packaging Films Market SWOT Analysis of Top Key Player Forecasts to 2031|Amcor limited, Berry Plastics Company, DuPont and more

Packaging Films Market 2022

Packaging Films Market is a booming industry with new and innovative products being released every day. This has led to an increased demand for Packaging Films, which in turn has led to an increase in Packaging Film prices. This market is expected to continue growing at a rapid pace, making it a great investment opportunity.

Packaging films are used to protect and enhance the quality of products. They are majorly used in food & beverage and pharmaceutical packaging. Packaging films offer a variety of benefits such as shelf life extension, product safety and brand differentiation. They are also used for marketing purposes.

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Companies for Global Packaging films market are investing in research and development to find new ways to reduce environmental impact.

The global packaging films market is expected to grow at a CAGR of 6.5% during the forecast period of 2018-2024. The growth is attributed to the increasing demand from end-use industries, such as food and beverage, pharmaceuticals, and cosmetics. Companies are also investing in research and development (R&D) to find new ways to reduce environmental impact.

Key Companies- 

• Amcor limited
• Berry Plastics Company
• DuPont Teijin Films
• Graphics Packaging Holding Corporation
• Sigma Plastics Corporation
• The Dow Chemical Company
• Taghleef Industries Llc

On the basis of raw materials used for manufacturing packaging films, there market is divided as Polyethylene derivatives (HDPE, LDPE and LLDPE), polyester, PVC, cellulose, cast polypropylene (CPP), biaxially oriented polypropylene (BOPP) and polyamide among others.

Various manufacturing techniques such as extrusion cast, coating and blown processes are used in production of packaging films. Polyethylene and its derivatives are the most preferred raw materials in manufacturing of packaging films. However, the demand for polypropylene and its derivatives are increasing from various applications and are likely to follow similar trend over the forecast period.

The main driver for the global packaging films market is huge demand from food and beverages industry. Packaging films are used to increase shelf life of various products such as meat, fruits, vegetables, snacks and biscuits among others. Packaging films helps to maintain the texture and quality of the products.

In addition, packaging films are also used in packaging of beverages and ice packs. Most commonly preferred raw materials in food packaging industry are cellulose, BOPP and polypropylene among others. Other major outlets for the packaging films market are consumer goods and medical & pharmaceutical industry.

Packaging films are used to wrap various tablets and other medical products. In consumer goods market, packaging films are majorly used in personal care and cosmetics packaging. Packaging films are used in packaging of shampoo, soap and other cosmetics creams and gels.

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Biodegradable films are likely to provide major opportunities in packaging films market owing to increasing demand for bio-based products from consumers. In spite of numerous applications and opportunities, stringent regulations associated with the use of raw materials from various regulatory bodies such as US FDA and REACH can act as a major restraint for the packaging films market in next few years to come.

In terms of demand, Asia Pacific was the leading region for the packaging films market. The demand in this region was mainly driven by food and packaging industry. Increasing disposable incomes and growing standard of living is likely to be major factor for the packaging films market in this region.

Major countries such as India, China and Japan exhibited the highest demand for packaging films in this region. Asia Pacific was followed by North America. Increasing demand from food packaging, medical and pharmaceutical and consumer goods were the major consumers for packaging films in this region.

The U.S. had the largest market share for packaging films owing to huge demand from various applications including industrial packaging as well. North America was closely followed by Europe which has huge demand for packaging films from food and beverages industry.

European countries such as Germany, the UK, Italy, France and Netherlands had the largest demand for packaging films. However, certain food regulations associated with the raw materials for packaging films can act as a restraint to the market. The Rest of the World is likely to show potential growth for the packaging films market throughout the forecast period. The Middle East and South America are likely to be major consumers for the packaging films in this region.

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Key Questions Answered in This Report -

• Which is the largest regional market for Packaging Films?
• What are the upcoming trends of Packaging Films Market in the world?
• What are the key driving factors for the growth of the Packaging Films Market?
• What are the top players operating in the Packaging Films Market?
• What are the key regions in the global Packaging Films market?
• Who are the key players/companies in the global Packaging Films market?

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