Plastic Films & and Sheets Market - Global Industry Analysis 2016 - 2024

Global Plastic Films and Sheets Market: Overview

The two primary raw materials used in the production of plastic films and sheets are polyethylene and polypropylene. Among the two, while polyethylene has enjoyed a robust demand so far, polypropylene is giving it stiff competition threatening to pare the former’s market share in the near future. The different product types are PA, LLDPE, HDPE, LDPE, CPP, BOPP, PVC, and PES. The plastic films and sheets are used in both packaging and non-packaging sector. In packaging sector they are used for packaging food, personal care, and pharmaceuticals products. In the non-packaging sector they are used in construction, agriculture, medical, and consumer goods.

The global market for plastic films and sheets is dominated by a handful of multinational chemical companies present across the value chain. Emergence of smaller regional players across various developing economies such as China, however, is fast reshaping the competitive landscape.

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Global Plastic Films and Sheets Market: Trends and Opportunities

The soaring popularity of plastics and polymers is mainly driven by their ability to segue into any design unlike other raw materials, including metals and glass. Besides, they can be manufactured at a comparatively reduced cost. This has helped the global market for plastic films and sheet to a significant extent. Another factor driving the market is the increasing demand for oriented films. The robust demand for packaged food products from highly populated emerging economies is also majorly contributing to the global market for plastic films and sheets. Emergence of environment-friendly bioplastic films together with the growing usage of plastic films in agriculture has resulted in the growth of the market in developing nations.

The pharmaceutical packaging market has also been at the forefront of driving demand. Maximum growth in demand in the upcoming years is expected to result from pre-fillable syringes and inhalers, vials, medication tubes, labels, and accessories. The easy availability of substitutes such as glass and metal is, however, a deterrent to the growth in the market. Further, regulations against usage of non-biodegradable plastics is another deterrent.

Global Plastic Films and Sheets Market: Regional Outlook

The global market for plastic films and sheets can be classified geographically into the following regions: Europe, North America, Asia Pacific, and the Rest of the World. The markets in the developed continents of Europe and North America have already reached a mature stage, and are hence seeing a slow growth rate. However, increasing demand from specialty films in the construction market and pharmaceutical applications in non-packaging sector would likely infuse demand in the foreseeable future.

Asia Pacific powered by China and India is expected to be an engine for growth in the global market for plastic films and sheets. Besides Asia Pacific, other emerging economies in the Rest of the World are Brazil, Poland, Mexico, and Turkey, and Mexico are also generating solid demand. Increase in the disposable income of consumers in these economies is expected to drive the market in the near future. Food packaging and healthcare packaging are the two main applications which are expected to result in maximum growth.

Companies Mentioned in the Report

Some of the prominent names in the global market for plastic films and sheets are DuPont Teijin Films, Jindal Poly Films, AEP Industries, Amcor Ltd., British Polythene Industries Plc, Berry Plastic Corporation, Toyobo Co. Ltd., and Toray Industries, Inc.

The global plastic film and sheets market is segmented as:

By Geography

-North America
-Europe
-Asia Pacific
-Rest of the World

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