Plastic Films & Sheets Market | Key players operating in the market include Amcor PLC, Berry Global Group, SABIC, Toray Industries, Sealed Air Corp

According to recent market research the "Plastic Films & Sheets Market by Material Type (LLDPE, LDPE, HDPE, BOPP, CPP, PVC, PES, PA), Applications (Packaging & Non-Packaging) and Region (North America, Europe, South America, Asia Pacific and Middle East & Africa) - Global Forecast to 2026", size is projected to reach USD 155.1 billion by 2026 from USD 123.8 billion in 2021, at a CAGR of 4.6% during the forecast period.

The overall increase in demand for plastic films & sheets in food packaging, pharmaceutical & medical packaging, and agriculture are driving the global plastic films & sheets market. The increasing environmental concern and preferences for eco-friendly materials have been driving the demand for biodegradable and water-soluble films. BOPP and BOPET plastic films are also gaining market demand due to their varied applications in food and pharmaceutical packaging.

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The LLDPE segment is the largest in the market. The demand for PA film type is projected to increase at a faster rate in the near future. The market for PA film is driven by its clear and printable thermoplastic nature and other properties such as high melting point, exceptional strength & toughness, and good oxygen barrier. It is also scratch, puncture, and flex resistant and does not dissolve or absorb grease, oil, and acidic food.

Packaging segment is the largest consumer of plastic films & sheets. This segment includes food packaging, pharmaceutical & medical packaging, consumer goods packaging, industrial packaging, and others. Food packaging is the largest application in the packaging segment & is also projected to be the largest application in the forecast. Non-packaging segment includes agriculture, construction, medical & healthcare, and other non-packaging applications such as electronics, automotive, and industrial. Agriculture is the largest application of plastic films & sheets in this segment.

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The plastic films & sheets market size is projected to reach USD 155.1 billion by 2026 from USD 123.8 billion in 2021, at a CAGR of 4.6% during the forecast period. The overall increase in demand for plastic films & sheets in emerging regions such as APAC, South America, and Middle East & Africa is driving the global plastic films & sheets market. The growing agriculture sector provides an opportunity for the growth of plastic films & sheets market. The rising demand for specialty films is also expected to drive the market growth of plastic films.

The key players in the plastic films & sheets market include Amcor PLC (Switzerland), Berry Global Group, Inc. (USA), SABIC (Saudi Arabia), Toray Industries, Inc. (Japan), Sealed Air Corporation (USA), Uflex Limited (India), Toyobo Co., Ltd. (Japan), Jindal Poly Films Limited (India), DuPont Teijin Films (USA), and Oben Holding Group (Peru). The plastic films & sheets market report analyzes the key growth strategies, such as new product launches, investment & expansion, divestitures, agreement & collaboration, and mergers & acquisitions adopted by the leading market players between 2019 and 2022.

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Amcor PLC was the largest player in the plastic films & sheets market in 2020. The company has a broad product portfolio for plastic films & sheets market to a wide range of end users. Plastic films are offered by the Amcor's flexibles business segment. The company offers diversified and advanced products through huge investments in product innovation and technology. Amcor has a strong presence across the globe in more than 40 countries with operations in more than 200 locations. The key strategy of Amcor is focused on geographic expansion through the acquisition of various packaging units in different regions for various sectors, including food, beverage and pharmaceutical. In December 2021, Amcor established a state-of-the-art healthcare packaging facility in Tuas, Singapore. This facility will help to address the demand for healthcare packaging which is expected to grow rapidly in the Asia Pacific region.

Berry Global Group, Inc. is a leading company providing a broad range of flexible & rigid consumer packaging and nonwoven specialty materials. The company has a strong global presence with operations in over 290 locations. The company offers wide range of products including stretch and shrink films, converter films, food and consumer films, and agriculture films that serve various industries such as food, beverage, agriculture & horticulture, healthcare, construction, and industrial. It has adopted investment & expansion and collaboration as its key business strategies to strengthen its foothold in the global market. In September 2021, Berry Global announced its plan to expand its manufacturing operations in North America for foodservice packaging. This will have an investment of more than USD 110 million to expand its proprietary polypropylene thermoforming capabilities to manufacture packaging solutions for quick-service restaurants, coffee shops, and other foodservice markets.

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