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Expanding Applications and Technological Developments Drive Growth in the Plastic Films Market


Published: October 2017

REPORT STATISTICS


  • Code: MCP-2121
  • Pages: 805
  • Tables: 245
  • Companies: 355


PLASTIC FILMS: A RESEARCH BRIEF

The global market for Plastic Films is projected to reach 68.4 million tons translating to US$143.8 billion by 2024, driven by healthy demand from both packaging and non-packaging applications. In the packaging end-use sector, growing population, increased consumption of packaged foods and the need for smart shelf stable packaging solutions are driving demand for plastic sheets. Few of the competitive advantages of plastic films over paper and foil include superior aesthetics as plastics are moldable and feature high quality finishing; odorless and water proof; durable, safe and convenient; higher levels of chemical resistance as compared to paper; recyclable qualities; extremely durable and resistant to extreme environments. Over the years, plastic production has exploded giving the material the benefit of lower cost accrued through economies of scale thus making it economical and affordable by all industries. Asia-Pacific represents the largest and the fastest growing market worldwide with a projected CAGR of 7.0% over the analysis period led by factors such as rising standard of living, increased production and consumption of durable and non-durable goods, rise of Southeast Asian countries as production hubs for plastics; cost benefits of plastic that makes it a ubiquitous packaging material in price sensitive emerging and low income economies. 

    Summary of Findings

  • Restrictions on the Use of Non-Biodegradable Plastic Bags Create New Commercial Opportunities for the Growth of Bioplastic Films
  • High Barrier Multilayer Plastic Films Find Lucrative Packaging Applications in Ovenable Food, Medical Devices and Pharmaceuticals
  • High-Performance Biaxially Oriented Polyethylene Terephthalate (BOPET) Films Find Innovative Use in the Manufacture of Back Sheets for Solar Cells
  • Limitations in Separating Materials & Eliminating Contaminants: A Key Hurdle to Plastic Recycling
  • Benefits of Second-Generation LLDPE Products such as Greater Degree of Film Toughness, Processability, Clarity and Lower Cost to Benefit Market Growth

    Timeline for Analysis

  • Market Estimates and Forecasts for 2016-2024
  • Historic Review 2011-2015

    Geographic Markets Analyzed

  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia & Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Rest of World

    Market Segmentation & Classification

  • Product Segments:
    • Polyethylene Films (High-Density Polyethylene (HDPE) Films, Low-Density Polyethylene (LDPE) Films, & Linear Low-Density Polyethylene (LLDPE) Films), Polypropylene Films (Biaxially Oriented Polypropylene (BOPP) Films, & Cast Polypropylene (CPP) Films), Polyvinyl Chloride (PVC) Films, and High Performance Films (Nylon Films, Polyester/Polyethylene Terephthalate (PET) Films, & Other High Performance Films).

MAJOR PLAYERS

  • Bemis Company, Inc.
  • Berry Plastics Corporation
  • RPC Group
  • DuPont Teijin Films
  • FSPG HI-TECH CO. LTD.
  • Garware Polyester Limited

KEY RESEARCH DELIVERABLES

  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable