The Global Plastic Films and Sheets Packaging Market is poised to reach $138.3 billion by 2022 growing at a CAGR of 5.5%. Rising demand for bi-axially oriented films and increased demand for bio plastic materials are the key drivers of the market. Regulations restricting the use of non-biodegradable plastics and matured western European markets are restraining factors of the market. The opportunities lie in adoption of specialty films and growing usage of plastic films & sheets in agriculture. The increasing disposable income of the consumers together with the growing demand for packaged food is driving the market for plastic films & sheets.
Global Plastic Films and Sheets Packaging market is segmented by type, by application and by geography. Based on type, market is segregated into Linear Low-Density Polyethylene (LLDPE), Polyamide (PA), Low-density polyethylene (LDPE), Polyvinyl Chloride (PVC), Biaxially Oriented Polypropylene (BOPP), Polyethersulfone (PES), High-density polyethylene (HDPE), Cast Polypropylene (CPP) and others. Based on application, the market is categorised into packaging and non-packaging. Packaging is further divided into food packaging, industrial packaging, consumer goods, pharmaceutical & medical packaging and others. Non-packaging is further divided into agriculture, construction, medical & health care and others. Market by geography is segmented into North America, Europe, Asia Pacific and Rest of the World.
The Key players in the market include, Qingdao LAF Packaging Co. Ltd., Trans Ocean Bulk Logistics Ltd., Yunjet Plastic Packaging Co. Ltd., Braid Logistics, Trans Ocean Bulk Logistics Ltd., KriCon, Environmental Packaging Technologies Inc., Bulk Liquid Solutions Pvt. Ltd. and K Tank Supply Limited.
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