Plastic Films Market Information by Technology (Biodegradable Films, Nanocomposites, Barrier Polymer Films, and Water-Soluble Films), by Type (LLDPE, LDPE, HDPE, Polypropylene Films, PET Films, PVC Films), by End User Industry (Packaging, Consumer Goods, Construction, Pharmaceutical, Electrical) and by Region - Forecast till 2023

Synopsis of Plastic Films Market

Market Overview: APAC Region to Dominate the Plastic Films Market

The Global Plastic Films Market is expected to witness a significant growth of USD ~ 146,813.87 million by 2023 with CAGR of ~5.4% between 2016 and 2023.

APAC is expected to have the highest growth among all the other regions in the forecast period. APAC is expected to witness an increase in demand for plastic stretch and shrink films from the packaging and manufacturing industries. The region is perceiving an evolution from rigid packaging to flexible packaging. China is the leading country for plastic film market in APAC, followed by India. However, there is also a huge demand for agriculture plastic films in APAC because of the occurrence of highly cultivated areas, including India, Myanmar, and Vietnam. Major agricultural film customers are spread across the whole farm produce value chain, from crop growers to processors and retailers from the agricultural and horticultural sectors. The global plastic films market by polyethylene was valued approx. US$ 69.0 billion in 2016. The polyethylene segment is forecast to experience the moderate growth during the forecast period. Consumers are demanding various types of packaging, and with the increased consumption of food & beverage products, household care products, and demand for plastic as a packaging material is driving the global polyethylene film market. Polyethylene plastic films is used in the production of different types of plastics bags & films, which are further used in consumer and industrial purposes. It is used for packaging food and non-food items such as personal care and healthcare products because they are high stretchy and is flexible due to this characteristics, polyethylene is considered to be an ideal material for the packaging industry particularly, in APAC region. 

Key Players:

Major players having presence in the Global Plastic Films Market include:

• Bemis Company, Inc. (U.S.)

• Amcor Limited (Australia)

• Jindal Poly Films Ltd. (India)

• Sealed Air Corporation (U.S.)

• E. I. du Pont de Nemours and Company (US)

• Garware Polyester Company (India)

• Vibac Group S.p.a. (US)

• Toray Industries Inc. (Japan)

• Polyplex Corporation Limited (India)

• Inteplast Group (US)

  
  

Market Segments Analysis:

On the basis of region plastic film market is segmented into North America, Europe, APAC, Latin America, and Middle East & Africa. APAC region plastic films market is expected to see strong growth during the forecast period primarily due to increasing in demand of packaging industry in countries such as China, India, Japan, and Indonesia.