Plastic Films Market Pictures a Vivacious Growth of USD ~ 146,813.87 Million By 2023 With CAGR of ~5.4%

Global Plastic Films Market – Overview
According to a recent study report published by the Market Research Future, The global market of Plastic Films is projected to grow at a rapid pace during the forecast period (2016 – 2023). The Market is forecasted to nurture a healthy growth by 2023; with a striking CAGR during forecast period 2016-2023. The Global Plastic Films Market pictures a vivacious growth of USD ~ 146,813.87 million by 2023 with CAGR of ~5.4% between 2016 and 2023.

The vivacious growth in plastic film demand will be driven by accelerating growth in manufacturing output and disposable incomes, as well as by increased penetration of pouches into new markets. The food packaging market will exhibit the fastest growth in film demand, driven by the expanding popularity of pouches for a variety of food items, as well as the rise of active and intelligent packaging. Non-food packaging will see solid growth stem from strong demand for pharmaceutical and medical packaging. Slower growth is forecast for non-packaging film due to the maturity of trash bag applications and the decrease in photographic and magnetic film, as these are only partially offset by robust gains for construction film. Secondary packaging will see the slowest gains, with flat or negative growth in garment bags and retail bags.

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Polyethylene Terephthalate film demand will post an average growth through in the recent future with healthy gains in food packaging replacing demand from the declining magnetic tape and photographic film markets. Below average growth is expected for polyvinyl chloride (PVC), hampered by competition in non-food applications such as pharmaceutical and medical products. Degradable plastic resins will experience the highest growth rate of all film types, with falling prices prompting packaging converters to adopt their use.

Plastic film are printed or plain, transparent or colored, single or multi-layered, plastic less than 10 mm thick, and combined with other materials such as paper and aluminium. Therefore, the only thing which a plastic film really has in common is flexible or springy in nature, as used in various application of packaging industry such as food packaging and non-food packaging industry. Furthermore, the majority of plastic films are produced from polyethylene resin. The four major key factor to driving the market of plastic films are consumer demand trends, sustainability, light-weighting, and bio plastics.

Furthermore, plastic films has found in various end user industry such as packaging, consumer goods, construction, pharmaceutical, electrical, and others. Increasing in demand of packaging industry is likely to drive the plastic films market growth. On the other hand biodegradable films create new opportunity for the market growth of global plastic films. APAC is fastest growing region among all the region due to growing industry such as packaging, consumer goods, and electrical, followed by North America region.

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Global Plastic Films Market – Competitive Analysis
Characterized by the presence of several major well-established and small-scale players, the global market of Plastic Films appears to be highly fragmented and competitive. Though the large companies have a great geographical presence, the entry of several new companies will pose a stiff competition to them. Emphasising upon new product development initiatives, and geographical expansion; Marketers compete based upon price and brand reinforcement. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position.

Global Plastic Films Market – Regional Analysis
Asia Pacific is the largest market of plastic films due to demand in various end user industry such as packaging and consumer goods industry in China region followed by Japan and India. Increasing demand in consumer trend for packaging industry particularly, in India, Taiwan, and South Korea has made Asia Pacific largest consumer of the global plastic films market followed by increasing in the consumption of plastic films market in North America region. The third largest market of plastic films is Europe. Latin America and Middle East also witnessed in growth of plastic films market due to various application such as packaging, consumer goods, construction, pharmaceutical, electrical, and others.

Key Points from Table of Contents:

12. Company Profiles

12.1 Bemis Company, Inc
12.1.1 Company Overview
12.1.2 Product/Business Segment Overview
12.1.3 Financial Updates
12.1.4 Key Developments

12.2 Amcor Limited
12.2.1 Company Overview
12.2.2 Product/Business Segment Overview
12.2.3 Financial Updates
12.2.4 Key Developments

12.3 Jindal Poly Films Ltd.
12.3.1 Company Overview
12.3.2 Product/Business Segment Overview
12.3.3 Financial Updates
12.3.4 Key Developments

12.4 Sealed Air Corporation
12.4.1 Company Overview
12.4.2 Product/Business Segment Overview
12.4.3 Financial Updates
12.4.4 Key Developments

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