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Packaging Film Market worth $203.41 billion by 2030, growing at a CAGR of 6.18% - Exclusive Report by 360iResearch
Packaging Film Market | 360iResearch
The Global Packaging Film Market to grow from USD 133.61 billion in 2023 to USD 203.41 billion by 2030, at a CAGR of 6.18%.
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Packaging film is a thin plastic layer used to preserve, protect, market, and distribute various food, industrial, and medical items. Packaging films are generally made of linear low-density polyethylene (LLDPE), low-density polyethylene (LDPE), or polyvinyl chloride (PVC). Many packaging films undergo a thermoforming process, during which the film is stretched into a mold or cavity to form a package of the desired shape. The demand for flexible packaging for packaged food & personal care products is accelerating the utilization of packaging films. Factors including difficulty in plastic film recycling and flexible film temperature susceptibility affect packaging film's utilization and expanded use in various industries. In addition, the development of barrier coatings and film technologies for achieving sustainable packaging of food products assists the implementation of packaging films. 3D printing technology has permeated the packaging industry, enabling rapid prototyping of new designs for different packaging.
The increasing urban population and retail infrastructure building propel the demand for packaged goods in APAC. People in Asia-Pacific countries, such as China and India, are becoming more cautious about foodborne diseases caused due to contamination, increasing the demand for food packaging film in the market. Major players in the APAC region are investing in production plants to increase the production capacity of packaging films. In the Americas, food & personal care product manufacturers are increasingly adopting flexible films based on polyethylene, as they have distinct barrier properties that help with better protection or longer shelf life. Demand for frozen food, high medical device production, increased consumer spending on packaged foods, and healthier lifestyles drive regional product sales. The rising focus on eco-friendly packaging, the growing popularity of bi-axially oriented polypropylene films, and the increasing demand for innovative packaging films are key trends in the medical packaging films market. Major European players are focusing on developing new technologies to design recyclable flexible packaging film. The European Commission's proposal for an EU Packaging Regulation offers an opportunity for the sustainable transformation of the packaging industry.
Market Segmentation & Coverage:
This research report categorizes the Packaging Film Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Materials, market is studied across Polyester, Polyethylene Films, Polypropylene Films, and Polyvinyl chloride (PVC). The Polyethylene Films is further studied across HDPE Films, LDPE Films, and LLDPE Films. The Polypropylene Films is further studied across BOPP Films and CPP Films. The Polyethylene Films is projected to witness significant market share during forecast period.
Based on Type, market is studied across Flexible and Rigid. The Rigid is projected to witness significant market share during forecast period.
Based on Film-Forming Process, market is studied across Extrusion Coating, Extrusion-Blown Film, and Extrusion-Cast Film. The Extrusion Coating is projected to witness significant market share during forecast period.
Based on Application, market is studied across Consumer Products Packaging, Food Packaging, Industrial Packaging, and Medical & Pharmaceutical Packaging. The Medical & Pharmaceutical Packaging is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Packaging Film Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Packaging Film Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Packaging Film Market, highlighting leading vendors and their innovative profiles. These include Alpha Packaging Inc. by Pretium Packaging, Aluflexpack AG, Amcor PLC, Berry Global Inc., C-P Flexible Packaging, Inc., CCL Industries, Cellpack Packaging Gmbh by BEWI ASA, Constantia Flexibles International GmbH, Dow Chemical Company, DuPont de Nemours, Inc., Graphic Packaging Holding Corporation, Guangzhou Novel Packaging, Hangzhou Ming Ri Flexible Packaging, Henkel AG & Co. KGaA, Huhtamäki Oyj, Jindal Poly Films Ltd., Kao Corporation, Logos Packaging, Mondi PLC, Novolex Holdings, LLC, PPC Flexible Packaging LLC, ProAmpac Holdings Inc., Reynolds Packaging, RKW Group, Sealed Air Corporation, Sigma Plastic Group, Smurfit Kappa Group, Taghleef Industries LLC, Toyobo Co Ltd., Transcontinental Inc., Uflex Ltd., and Wipak OY.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Packaging Film Market, by Materials
7. Packaging Film Market, by Type
8. Packaging Film Market, by Film-Forming Process
9. Packaging Film Market, by Application
10. Americas Packaging Film Market
11. Asia-Pacific Packaging Film Market
12. Europe, Middle East & Africa Packaging Film Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Packaging Film Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Packaging Film Market?
3. What is the competitive strategic window for opportunities in the Packaging Film Market?
4. What are the technology trends and regulatory frameworks in the Packaging Film Market?
5. What is the market share of the leading vendors in the Packaging Film Market?
6. What modes and strategic moves are considered suitable for entering the Packaging Film Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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