According to Publisher, the Global Plastic Films and Sheets Packaging Market is valued at $92.4 billion in 2015 and is expected to reach $139.2 billion by 2022 growing at a CAGR of 6% from 2015 to 2022. Rising demand for bi-axially oriented films and increased demand for bio plastic materials are the key drivers of the market. The elements restricting the growth of this market are regulations limiting the usage of non-biodegradable plastics and matured western European markets. The opportunities lie in positive outlook for 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 growth.
The markets in the developed countries of Europe and North America have already reached a mature stage, and are hence witnessing a slow growth rate. However, rising demand for specialty films in the construction market and pharmaceutical applications in non-packaging sector would foster the demand over the next decade. Asia Pacific powered by China and India is anticipated to be an engine for growth in the global market. Besides this region, other emerging economies in the ROW such as Brazil, Poland, Mexico, and Turkey, and Mexico are also generating solid demand. Healthcare packaging and Food packaging are the major applications which are anticipated to drive the market for extreme growth.
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Some of the key players in the market include Sealed Air Corporation, Uflex Ltd, Trans Ocean Bulk Logistics Ltd, Toyobo Co., Ltd, Toray Industries, Inc, Taghleed Industries L.L.C, Sigma Plastics Group, Saudi Basic Industries Corporation, SABIC Innovative Plastics, RKW SE, Polyplex Ltd, Jindal Poly Films Ltd, Inteplast Group, Glad Products Co, DuPont Teijin Films, British Polythene Industries Plc, Berry Plastics Group, Inc, Bemis Company, Inc, Amcor Limited and AEP Industries Inc.
o Food Packaging
o Industrial Packaging
o Consumer Goods
o Pharmaceutical & Medical
o Personal care
o Other Packaging Applications
o Medical & Health Care
o Other Non-Packaging Applications
- Other Applications
Product Types Covered:
- Polyvinyl chloride (PVC)
- Polyester (PES)
- Polyamides (PA)
- Low Density Polyethylene (LDPE)
- Linear low-density polyethylene (LLDPE)
- High Density Polyethylene (HDPE)
- Cast Polypropylene (CPP)
- Biaxially-oriented polyethylene terephthalate (BOPET)
- Biaxially Oriented Polypropylene Films (BOPP)
- Other Product Types
o Ethylene vinyl alcohol (EVOH)
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- North America
o Rest of Europe
- Asia Pacific
o New Zealand
o Rest of Asia Pacific
- Rest of the World
o Middle East
o South Africa
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