Global Plastic Films and Sheets Market:
Overview
The two
primary raw materials used in the production of plastic films and sheets are
polyethylene and polypropylene. Among the two, while polyethylene has enjoyed a
robust demand so far, polypropylene is giving it stiff competition threatening
to pare the former’s market share in the near future. The different product
types are PA, LLDPE, HDPE, LDPE, CPP, BOPP, PVC, and PES. The plastic films and
sheets are used in both packaging and non-packaging sector. In packaging sector
they are used for packaging food, personal care, and pharmaceuticals products.
In the non-packaging sector they are used in construction, agriculture,
medical, and consumer goods.
The global
market for plastic films and sheets is dominated by a handful of
multinational chemical companies present across the value chain. Emergence of
smaller regional players across various developing economies such as China,
however, is fast reshaping the competitive landscape.
Global Plastic Films and Sheets Market: Trends and Opportunities
The
soaring popularity of plastics and polymers is mainly driven by their ability
to segue into any design unlike other raw materials, including metals and
glass. Besides, they can be manufactured at a comparatively reduced
cost. This has helped the global market for plastic films and sheet to a
significant extent. Another factor driving the market is the increasing demand
for oriented films. The robust demand for packaged food products from highly
populated emerging economies is also majorly contributing to the global market
for plastic films and sheets. Emergence of environment-friendly bioplastic
films together with the growing usage of plastic films in agriculture has
resulted in the growth of the market in developing nations.
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The
pharmaceutical packaging market has also been at the forefront of driving
demand. Maximum growth in demand in the upcoming years is expected to
result from pre-fillable syringes and inhalers, vials, medication tubes,
labels, and accessories. The easy availability of substitutes such as glass and
metal is, however, a deterrent to the growth in the market. Further,
regulations against usage of non-biodegradable plastics is another
deterrent.
Global Plastic Films and Sheets Market: Regional Outlook
The global
market for plastic films and sheets can be classified geographically into the
following regions: Europe, North America, Asia Pacific, and the Rest of the
World. The markets in the developed continents of Europe and North America have
already reached a mature stage, and are hence seeing a slow growth rate.
However, increasing demand from specialty films in the construction market and
pharmaceutical applications in non-packaging sector would likely infuse demand
in the foreseeable future.
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Asia
Pacific powered by China and India is expected to be an engine for growth in
the global market for plastic films and sheets. Besides Asia Pacific, other
emerging economies in the Rest of the World are Brazil, Poland, Mexico, and
Turkey, and Mexico are also generating solid demand. Increase in the disposable
income of consumers in these economies is expected to drive the market in the
near future. Food packaging and healthcare packaging are the two main
applications which are expected to result in maximum growth.
Companies Mentioned in the Report
Some of
the prominent names in the global market for plastic films and sheets are
DuPont Teijin Films, Jindal Poly Films, AEP Industries, Amcor Ltd., British
Polythene Industries Plc, Berry Plastic Corporation, Toyobo Co. Ltd., and Toray
Industries, Inc.
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