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Plastic Films Market

ID: MRFR/CnM/2216-CR
111 Pages
Priya Nagrale
February 2021

Plastic Films Market Research Report Information By Technology (Blown Film Technology, Cast Film Technology, Double & Multi-bubble Technology, Barrier Film and Others), By Material Type (LLDPE, LDPE, HDPE, Polypropylene, and PET), By Application (Packaging Consumer Goods, Agriculture, and Construction), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2035.

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Summary Table of Contents Segmentation Download PDF

Plastic Films Market Summary

As per MRFR analysis, the Plastic Films Market was estimated at 97.11 USD Billion in 2024. The Plastic Films industry is projected to grow from 101.96 USD Billion in 2025 to 166.12 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 5.0 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Plastic Films Market is experiencing a dynamic shift towards sustainability and innovation.

  • North America remains the largest market for plastic films, driven by robust demand in the packaging sector.
  • The Asia-Pacific region is identified as the fastest-growing market, fueled by increasing investments in flexible packaging solutions.
  • The packaging segment continues to dominate, while the agriculture segment is witnessing rapid growth due to rising agricultural needs.
  • Key market drivers include the rising demand for flexible packaging and innovations in biodegradable films, which are reshaping industry standards.

Market Size & Forecast

2024 Market Size 97.11 (USD Billion)
2035 Market Size 166.12 (USD Billion)
CAGR (2025 - 2035) 5.0%

Major Players

BASF SE (DE), DuPont de Nemours Inc (US), 3M Company (US), Sealed Air Corporation (US), Amcor plc (GB), Berry Global Inc (US), SABIC (SA), Mondi Group (GB), Toray Industries Inc (JP)

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Plastic Films Market Trends

The Plastic Films Market is currently experiencing a dynamic evolution, driven by various factors that influence its growth trajectory. The increasing demand for flexible packaging solutions across multiple industries, including food and beverage, pharmaceuticals, and consumer goods, appears to be a primary catalyst. This shift towards lightweight and durable materials is likely to enhance product shelf life while reducing waste. Furthermore, the rising awareness regarding sustainability and environmental impact is prompting manufacturers to explore biodegradable and recyclable film options, which may reshape the competitive landscape. As companies strive to meet consumer preferences for eco-friendly products, innovation in material science is becoming increasingly vital. In addition, advancements in technology are facilitating the development of high-performance films that offer enhanced barrier properties and functionality. These innovations could lead to the emergence of specialized films tailored for specific applications, thereby expanding market opportunities. The Plastic Films Market seems poised for continued growth, as stakeholders adapt to evolving consumer demands and regulatory frameworks. Overall, the interplay of sustainability, technological advancements, and changing consumer preferences is likely to define the future of this market, presenting both challenges and opportunities for industry participants.

Sustainability Initiatives

The emphasis on sustainable practices is gaining traction within the Plastic Films Market. Manufacturers are increasingly focusing on developing eco-friendly materials, such as biodegradable films, to align with consumer preferences for environmentally responsible products. This trend may lead to a significant transformation in production processes and material sourcing.

Technological Advancements

Innovations in technology are driving the creation of high-performance plastic films with enhanced properties. These advancements could result in films that offer superior barrier protection, durability, and functionality, catering to diverse applications across various sectors. The integration of smart technologies may also emerge as a notable trend.

Customization and Specialization

The demand for customized solutions is rising within the Plastic Films Market. Companies are likely to focus on developing specialized films tailored to meet specific industry requirements, such as food packaging or medical applications. This trend may foster greater collaboration between manufacturers and end-users, enhancing product relevance.

Plastic Films Market Drivers

Market Growth Projections

The Global Plastic Films Market Industry is poised for substantial growth, with projections indicating a market value of 97.1 USD Billion in 2024 and an anticipated increase to 166.1 USD Billion by 2035. This growth trajectory reflects a compound annual growth rate of 5.0% from 2025 to 2035. The increasing demand for plastic films across various sectors, coupled with technological advancements and sustainability initiatives, contributes to this optimistic outlook. As industries adapt to changing consumer preferences and regulatory landscapes, the market is likely to witness continued expansion, driven by innovation and diversification in product offerings.

Rising Demand for Flexible Packaging

The Global Plastic Films Market Industry experiences a notable surge in demand for flexible packaging solutions. This trend is driven by the increasing preference for lightweight, durable, and cost-effective packaging options across various sectors, including food and beverage, pharmaceuticals, and consumer goods. Flexible plastic films offer enhanced shelf life and protection against moisture and contaminants, which is particularly crucial in the food industry. As a result, the market is projected to reach 97.1 USD Billion in 2024, with expectations of further growth as sustainability initiatives encourage the adoption of recyclable and biodegradable materials.

Diverse Applications Across Industries

The versatility of plastic films across various industries is a key driver of the Global Plastic Films Market Industry. These films find applications in packaging, agriculture, construction, and electronics, among others. In the packaging sector, plastic films are utilized for food preservation, while in agriculture, they serve as protective covers for crops. The construction industry employs plastic films for moisture barriers and insulation. This wide range of applications not only enhances market resilience but also fosters innovation as manufacturers explore new uses for plastic films. As industries continue to evolve, the demand for specialized plastic films is expected to grow, further solidifying the market's position.

Growth in E-commerce and Retail Sectors

The expansion of e-commerce and retail sectors plays a pivotal role in shaping the Global Plastic Films Market Industry. With the increasing volume of online shopping, there is a heightened demand for effective packaging solutions that ensure product safety during transit. Plastic films are widely utilized for wrapping and protecting goods, making them essential in logistics and supply chain management. This trend is expected to bolster the market, as businesses seek reliable packaging options to enhance customer satisfaction. The anticipated growth trajectory suggests that the market could reach 166.1 USD Billion by 2035, underscoring the importance of plastic films in modern retail.

Sustainability Initiatives and Regulations

Sustainability initiatives and regulatory frameworks significantly impact the Global Plastic Films Market Industry. Governments and organizations worldwide are increasingly advocating for the reduction of plastic waste and promoting the use of environmentally friendly materials. This shift encourages manufacturers to innovate and develop biodegradable and recyclable plastic films, aligning with global sustainability goals. As consumers become more environmentally conscious, the demand for sustainable packaging solutions is likely to rise. Consequently, this trend may drive market growth, as companies adapt to meet regulatory requirements and consumer preferences, fostering a more sustainable future for the plastic films sector.

Technological Advancements in Film Production

Technological innovations in film production processes significantly influence the Global Plastic Films Market Industry. Advanced manufacturing techniques, such as blown film extrusion and cast film processes, enhance the quality and performance of plastic films. These advancements enable the production of films with superior barrier properties, clarity, and strength, catering to diverse applications. Moreover, the integration of automation and smart technologies in production lines improves efficiency and reduces waste. As the industry evolves, these technological enhancements are likely to contribute to a compound annual growth rate of 5.0% from 2025 to 2035, reflecting the ongoing commitment to innovation.

Market Segment Insights

By Application: Packaging (Largest) vs. Agriculture (Fastest-Growing)

The Plastic Films Market exhibits a diverse range of applications, with packaging dominating the share. This segment captures significant attention due to the continuous demand for flexible packaging solutions across various industries. Following packaging, agriculture emerges as a key player, utilizing plastic films for mulch, greenhouse covers, and crop protection. The remaining applications, including construction, electronics, and medical, contribute to market dynamics but are comparatively less dominant in overall market share. In terms of growth trends, the packaging sector benefits from increased consumer preferences for convenient packaging solutions, driving innovations in film technology. Meanwhile, the agriculture application is experiencing rapid growth owing to a rise in sustainable agricultural practices and increased crop production needs worldwide. The crossover appeal of plastic films allows for enhanced durability and efficiency, addressing the evolving needs in both sectors.

Packaging (Dominant) vs. Agriculture (Emerging)

The packaging segment of the Plastic Films Market plays a dominant role, characterized by its extensive use in food and beverage packaging, retail, and e-commerce. Packaging films are designed to enhance product shelf life, maintain freshness, and offer convenience to consumers. Innovations in biodegradable and recyclable options are on the rise, driven by consumer demand for sustainability. On the other hand, the agriculture segment is emerging as a critical application area for plastic films, driven by the need for effective crop protection and enhanced yield. Agricultural films, including greenhouse and mulch films, are designed to optimize growth conditions, reduce water usage, and provide protection against pests. This segment's growth reflects a broader trend towards sustainable farming practices.

By Material Type: Polyethylene (Largest) vs. Biodegradable Films (Fastest-Growing)

The Plastic Films Market exhibits diverse material types, with polyethylene leading in market share owing to its widespread applications across various sectors, including packaging and agricultural uses. Following closely is polypropylene, which also contributes significantly to the market. Polyvinyl chloride and polyester hold notable shares due to their specialized applications. Meanwhile, biodegradable films, although currently a smaller segment, are rapidly gaining traction as sustainability becomes a key focus for consumers and industries alike.

Polyethylene (Dominant) vs. Biodegradable Films (Emerging)

Polyethylene, a versatile and durable polymer, dominates the Plastic Films Market due to its extensive use in packaging materials and films. Its excellent barrier properties and cost-effectiveness make it a preferred choice across various industries. In contrast, biodegradable films represent an emerging segment, driven by increasing environmental concerns and regulatory pressures for sustainable packaging. These films are designed to decompose and reduce plastic waste, appealing to eco-conscious consumers. Despite being in the nascent stage, technological advancements and growing demand for sustainable products are propelling biodegradable films into prominence, positioning them as a game-changer in the market.

By End Use Industry: Food and Beverage (Largest) vs. Pharmaceuticals (Fastest-Growing)

The Plastic Films Market exhibits a diverse distribution across several end use industries, with the Food and Beverage segment commanding the largest share. This segment benefits from the growing demand for packaged food products, as consumers increasingly prioritize convenience and hygiene. The Consumer Goods and Pharmaceuticals segments follow, showcasing significant relevance due to their unique requirements for packaging durability and regulatory compliance. Automotive and Textiles are smaller segments but do contribute to the overall market dynamics through specialized applications in protective packaging and technical textiles. Growth trends within the end use industries for plastic films are driven by several factors. With the Food and Beverage sector being the dominant player, features such as extended shelf life and enhanced product visibility boost its significance. Meanwhile, the Pharmaceuticals segment is rapidly expanding due to a surge in healthcare products, fueled by increased healthcare accessibility and innovation in packaging technologies. Additionally, sustainability trends impact the entire market, prompting innovation in bioplastics for these segments.

Food and Beverage: Dominant vs. Pharmaceuticals: Emerging

In the Plastic Films Market, the Food and Beverage segment stands out as the dominant force, largely attributed to its critical role in protecting food products and ensuring freshness. This segment utilizes advanced plastic films that provide barrier properties against moisture and oxygen, essential for maintaining product integrity. On the other hand, the Pharmaceuticals segment is emerging rapidly, driven by the growing need for secure, tamper-evident packaging to ensure drug safety. Enhanced regulatory pressures and the rise of personalized medicine further stimulate the demand for innovative packaging solutions. The juxtaposition of these two segments highlights a vibrant market landscape where the established norms of food packaging are being complemented by rigorous pharmaceutical needs.

By Thickness: Thin Films (Largest) vs. Ultra-Thin Films (Fastest-Growing)

In the Plastic Films Market, thin films represent the largest share due to their diverse applications across various industries such as packaging, agriculture, and construction. Their lightweight nature, flexibility, and cost-effectiveness make them a preferred choice among manufacturers, contributing significantly to their market dominance. Meanwhile, ultra-thin films are attracting increasing attention, rapidly carving out a space in niche applications like electronics and medical packaging due to their advanced properties and functionalities. The growth trends within this segment are driven by rising demand for lightweight and flexible packaging solutions. Environmental concerns and regulations are prompting manufacturers to explore innovative materials, fostering the development of ultra-thin films. Additionally, advancements in production techniques and technologies allow for the creation of high-performance films that cater to specific customer needs, ensuring a competitive edge in this evolving market landscape.

Thin Films (Dominant) vs. Thick Films (Emerging)

Thin films, characterized by their lightweight and flexible nature, dominate the Plastic Films Market, making them the go-to choice for various packaging applications. Their versatility allows manufacturers to utilize them in industries ranging from food packaging to medical supplies, thereby ensuring widespread adoption. On the other hand, thick films are emerging as a suitable alternative in applications requiring durability and strength, such as heavy-duty packaging and protective covers. While still gaining a foothold, thick films are beginning to appeal to manufacturers focused on providing robust solutions, setting the stage for future growth. Both segments showcase distinct advantages, with thin films leading in volume and thick films on the rise.

By Functionality: Barrier Films (Largest) vs. Shrink Films (Fastest-Growing)

Barrier films currently lead the plastic films market in functionality, offering superior protection against moisture, gases, and other environmental factors. Their high market share is attributed to increasing demand from food packaging, pharmaceuticals, and other sectors requiring long shelf-life products. In contrast, shrink films are witnessing rapid growth due to the rise in e-commerce and retail packaging, providing convenience and enhanced product visibility while ensuring product safety during transit.

Barrier Films (Dominant) vs. Shrink Films (Emerging)

Barrier films are recognized as a dominant force in the plastic films market due to their exceptional properties. They are specifically engineered to provide airtight and watertight packaging solutions, making them invaluable in food preservation and pharmaceutical applications. In contrast, shrink films, while emerging, have carved a niche for themselves in the industry by offering flexibility and aesthetic appeal, especially in product bundling and retail displays. The demand for shrink films is supplemented by the expanding e-commerce landscape, where efficient packaging solutions are paramount. Both segments are crucial, yet they serve distinct needs in the market.

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Regional Insights

North America : Established Market with Growth Potential

The North American plastic films market is projected to reach $25.0 billion by 2025, driven by increasing demand for sustainable packaging solutions and innovations in film technology. Regulatory support for eco-friendly materials is enhancing market growth, as companies seek to comply with stringent environmental regulations. The shift towards biodegradable and recyclable films is a key trend, reflecting consumer preferences for sustainability. Leading countries in this region include the US and Canada, where major players like DuPont de Nemours Inc and 3M Company are actively innovating. The competitive landscape is characterized by a focus on R&D and strategic partnerships to enhance product offerings. The presence of established companies ensures a robust supply chain, catering to diverse industries such as food packaging and healthcare, further solidifying North America's market position.

Europe : Innovation and Sustainability Focus

Europe's plastic films market is expected to reach $20.0 billion by 2025, driven by stringent regulations promoting sustainable practices and innovative packaging solutions. The European Union's commitment to reducing plastic waste is a significant catalyst, encouraging manufacturers to adopt eco-friendly materials. This regulatory environment is fostering growth in biodegradable and recyclable films, aligning with consumer demand for sustainability. Germany, France, and the UK are leading countries in this market, with key players like BASF SE and Amcor plc driving innovation. The competitive landscape is marked by collaborations and investments in R&D to develop advanced film technologies. The presence of established companies and a strong focus on sustainability position Europe as a leader in The Plastic Films, ensuring compliance with evolving regulations.

Asia-Pacific : Dominant Market with High Demand

The Asia-Pacific plastic films market is projected to dominate with a market size of $50.0 billion by 2025, fueled by rapid industrialization and urbanization in emerging economies. Countries like China and India are witnessing significant growth in demand for flexible packaging solutions, driven by the booming e-commerce sector and changing consumer lifestyles. Regulatory initiatives promoting sustainable practices are also contributing to market expansion, as companies adapt to new environmental standards. China, Japan, and India are the leading countries in this region, with major players such as Toray Industries Inc and SABIC actively participating in the market. The competitive landscape is characterized by a mix of local and international companies, focusing on innovation and cost-effective solutions. The presence of a diverse range of manufacturers ensures a robust supply chain, catering to various industries including food and beverage, healthcare, and consumer goods.

Middle East and Africa : Emerging Market with Growth Opportunities

The Middle East and Africa plastic films market is expected to reach $2.11 billion by 2025, driven by increasing investments in infrastructure and packaging solutions. The region is witnessing a growing demand for flexible packaging in sectors such as food and beverage, driven by changing consumer preferences and urbanization. Regulatory frameworks are gradually evolving to support sustainable practices, which is expected to further enhance market growth in the coming years. Countries like South Africa and the UAE are leading the market, with a mix of local and international players. The competitive landscape is characterized by a focus on innovation and strategic partnerships to enhance product offerings. Key players are investing in R&D to develop advanced film technologies, ensuring they meet the diverse needs of the market while adhering to emerging regulations.

Plastic Films Market Regional Image

Key Players and Competitive Insights

The Plastic Films Market is currently characterized by a dynamic competitive landscape, driven by increasing demand for flexible packaging solutions and advancements in material technology. Key players such as BASF SE (DE), DuPont de Nemours Inc (US), and Amcor plc (GB) are strategically positioned to leverage innovation and sustainability as core components of their operational focus. For instance, BASF SE (DE) emphasizes its commitment to developing biodegradable films, which aligns with the growing consumer preference for environmentally friendly products. Meanwhile, DuPont de Nemours Inc (US) has been focusing on enhancing its product portfolio through strategic partnerships, thereby strengthening its market presence. Collectively, these strategies contribute to a competitive environment that is increasingly oriented towards sustainability and technological advancement.In terms of business tactics, companies are localizing manufacturing to reduce lead times and optimize supply chains, which is particularly crucial in a market that is moderately fragmented. The competitive structure is influenced by the collective actions of these key players, who are not only competing on product quality but also on the efficiency of their supply chains. This localized approach allows for greater responsiveness to market demands and enhances overall operational efficiency.

In November Amcor plc (GB) announced a significant investment in a new production facility in Eastern Europe, aimed at increasing its capacity for producing sustainable plastic films. This strategic move is expected to bolster Amcor's ability to meet the rising demand for eco-friendly packaging solutions in the region, thereby reinforcing its competitive edge. The investment reflects a broader trend within the industry towards sustainability, as companies seek to align their operations with consumer expectations and regulatory requirements.Similarly, in October 2025, 3M Company (US) unveiled a new line of high-performance plastic films designed for industrial applications. This launch not only showcases 3M's commitment to innovation but also positions the company to capture a larger share of the industrial market segment. The introduction of these advanced materials is likely to enhance 3M's competitive positioning by offering customers superior performance and durability, which are critical factors in industrial applications.Furthermore, in September 2025, Berry Global Inc (US) entered into a strategic partnership with a leading technology firm to develop smart packaging solutions that integrate AI and IoT technologies. This collaboration aims to enhance product traceability and improve supply chain transparency, which are increasingly important in today's market. By embracing digital transformation, Berry Global is positioning itself at the forefront of innovation in the plastic films sector, potentially setting new standards for operational excellence.

As of December the competitive trends in the Plastic Films Market are heavily influenced by digitalization, sustainability, and the integration of advanced technologies. Strategic alliances are becoming more prevalent, as companies recognize the need to collaborate in order to drive innovation and enhance their market positions. Looking ahead, it appears that competitive differentiation will increasingly hinge on factors such as technological innovation, supply chain reliability, and sustainability initiatives, rather than solely on price. This shift suggests a transformative evolution in the market, where companies that prioritize these elements are likely to emerge as leaders.

Key Companies in the Plastic Films Market include

Industry Developments

In October 2022, Saudi Arabia's Gulf Packaging Industries will be the leading BOPP film producer across the Middle East. The company has a portfolio of more than 100 films for applications, such as labels, flexible packaging and graphics arts. Dubai Exhibition Center will feature the promotion of their BOPP films for labels at Labelexpo India 2022 booth N11, Hall 7. Films for IML (in-mold labeling) will be introduced at this exhibition by Gulf Packaging Industries.

October 2022: AJ Plast, based in Bangkok, Thailand, is among the top film producers whose association with Bruckner Maschinenbau is one of the longest in the BO industry. This was revealed during the K exhibition after AJ announced its latest production line of fifteen films, which Bruckner had contracted. It is a five-layer ten point four meters BOPP line with a line speed of six hundred meters per minute and an hourly output of seven point five tonnes.

June 2022: Innovia Films has released RayoWrap CMS transparent BOPP film targeting shrink, wraparound label applications. It has been produced in a UK manufacturing facility, while CMS30 offers a high degree of shrinkage. Such technical performance means that CMS30 works well throughout each stage, starting from printability to high-speed roll-fed wraparound labeling and, finally, end-of-life aspects like recycling.

In March 2020, Marubeni worked with Smart Plastic and Plaskolite to manufacture thermoplastic sheets amidst the COVID-19 pandemic that were used to address safety concerns during the COVID-19 outbreak. Protective partitions were designed using OPTIX acrylics, VIVAK PETGs and TUFFAK polycarbonates, protecting both customers and employees.

June 2022: VTT came up with a see-through cellulose film intended for food packaging instead of traditional plastic alternatives, this was in June 2022. The goal behind the introduction of this cellulose film is to develop biobased and biodegradable food packaging solutions.

Amoor has disclosed a strategic move to acquire Phonix Flexibles in August 2023, which will enhance its production capabilities within the growing Indian market. Consequently, this will offer great opportunities for Amcor's future growth and will immediately enable it to meet persistent high demand.

Future Outlook

Plastic Films Market Future Outlook

The Plastic Films Market is projected to grow at a 5.0% CAGR from 2025 to 2035, driven by increasing demand in packaging, agriculture, and construction sectors.

New opportunities lie in:

  • Development of biodegradable plastic films for eco-conscious consumers.
  • Expansion into emerging markets with tailored product offerings.
  • Investment in advanced manufacturing technologies to enhance production efficiency.

By 2035, the Plastic Films Market is expected to achieve robust growth, reflecting evolving consumer preferences and technological advancements.

Market Segmentation

Plastic Films Market Thickness Outlook

  • Thin Films
  • Medium Films
  • Thick Films
  • Ultra-Thin Films

Plastic Films Market Application Outlook

  • Packaging
  • Agriculture
  • Construction
  • Electronics
  • Medical

Plastic Films Market Functionality Outlook

  • Barrier Films
  • Shrink Films
  • Stretch Films
  • Protective Films

Plastic Films Market Material Type Outlook

  • Polyethylene
  • Polypropylene
  • Polyvinyl Chloride
  • Polyester
  • Biodegradable Films

Plastic Films Market End Use Industry Outlook

  • Food and Beverage
  • Consumer Goods
  • Pharmaceuticals
  • Automotive
  • Textiles

Report Scope

MARKET SIZE 202497.11(USD Billion)
MARKET SIZE 2025101.96(USD Billion)
MARKET SIZE 2035166.12(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)5.0% (2025 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledBASF SE (DE), DuPont de Nemours Inc (US), 3M Company (US), Sealed Air Corporation (US), Amcor plc (GB), Berry Global Inc (US), SABIC (SA), Mondi Group (GB), Toray Industries Inc (JP)
Segments CoveredApplication, Material Type, End Use Industry, Thickness, Functionality
Key Market OpportunitiesGrowing demand for sustainable packaging solutions drives innovation in the Plastic Films Market.
Key Market DynamicsRising demand for sustainable packaging drives innovation and competition in the plastic films market.
Countries CoveredNorth America, Europe, APAC, South America, MEA

Market Highlights

Author
Priya Nagrale
Senior Research Analyst

With an experience of over five years in market research industry (Chemicals & Materials domain), I gather and analyze market data from diverse sources to produce results, which are then presented back to a client. Also, provide recommendations based on the findings. As a Senior Research Analyst, I perform quality checks (QC) for market estimations, QC for reports, and handle queries and work extensively on client customizations. Also, handle the responsibilities of client proposals, report planning, report finalization, and execution

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FAQs

How much is the plastic films market?

The plastic films market size was valued at USD 79.89 Billion in 2021.

What is the growth rate of the plastic films market?

Plastic Films Market is projected to grow at a CAGR of 5% during the forecast period, 2025-2035

Which region held the largest market share in the plastic films market?

Asia-Pacific had the largest share in the market

Who are the key players in the plastic films market?

The key players in the market are Toray Industries, Inc. (US), DuPont (US), Amcor plc (Switzerland), Vibac Group Spa (Italy), Chrystal Plastic S.A.S. (US), Carmel Olefins Ltd (Israel), and Honeywell International Inc. (US).

Which technology led the plastic films market?

The blown film technology category dominated the market in 2021.

Which material type had the largest market share in the plastic films market?

The LDPE had the largest share in the market.

Which application had the largest market share in the plastic films industry?

The packaging consumer goods had the largest share in the market.

Research Approach

Research Methodology on Plastic Films Market

1. Introduction

This research report is focused on the current market for plastic films for packaging, analyzing the trends and future directions for the industry. In this research, Market Research Future (MRFR) has compiled a comprehensive report on the Plastic Films Market that provides detailed insights into the global market from 2023 to 2030. The research is designed to provide an in-depth assessment of the market dynamics impacting key industries, geographical regions, and companies’ businesses. It also offers an overview of the competitive landscape, product portfolio and key growth strategies adopted by players in the market.

2. Research Objectives

The primary goal of this project is to provide an in-depth analysis of the market for plastic films for packaging and determine the size, scope and competitive landscape of the plastic films industry. The specific objectives of this research project are:

 

  • To review the plastic films market size from 2023-2030 in terms of value and volume.
  • To identify the factors that are driving the growth of the global plastic films market.
  • To identify the key regions, countries and industries that have the highest potential for growth in the plastic films market.
  • To identify leading players in the global plastic films market and provide an in-depth analysis of their product portfolio, pricing strategies and growth strategies.
  • To identify the strategies being adopted by players in the plastic films market to gain a competitive edge in the market.

 

3. Research Approach and Data Sources

The MRFR research team used an empirical approach and a combination of primary and secondary research methods to research the global plastic film market. Primary research methods involve the review of industry reports, news articles and other relevant documents. In addition, interviews with industry experts are carried out to gain insights into the market. Secondary research methods involve the review of internal company reports, published industry reports, databases, and other relevant documents. The research also includes an in-depth analysis of the market trends, industry drivers and restraints, product portfolio and strategic business decisions of key players in the market.

4. Geographic Coverage

The scope of this report is global and covers the plastic films market in North America, Europe, Asia-Pacific and the Rest of the World.

5. Segment Analysis

The report is segmented into three components: type, application, and region. The type segment includes PE, PP, PVC, Biopolymers and others. The application segment is further divided into food, beverage, pharmaceuticals, personal care, automotive, construction and others.

6. Competitor Analysis

This report also provides detailed profiles of key players in the global plastic films market including Honeywell International Inc., BASF SE, NCP Co. Ltd., Berry Global Inc., LyondellBasell Industries, DowDuPont Inc., Mitsubishi Gas Chemical Company Inc., SABIC, Amino Plastics, ExxonMobil Corporation, KURARAY Group, and Coveris Holdings.

7. Assumptions

The research is conducted by making certain assumptions. It is assumed that the trend of plastic films for packaging will continue in 2023 and beyond as demand for single-use packaging materials increases.

8. Conclusions

This report provides a comprehensive overview of the global plastic films market, its current size and trends, and the competitive landscape. Industries such as food & beverage, pharmaceutical, personal care, automotive, and construction, among others, are projected to drive the demand for plastic films in the coming years. Major players in the industry such as Honeywell International Inc., BASF SE, NCP Co. Ltd., Berry Global Inc., LyondellBasell Industries, DowDuPont Inc., Mitsubishi Gas Chemical Company Inc., SABIC, Amino Plastics, ExxonMobil Corporation, KURARAY Group, and Coveris Holdings are expected to adopt various strategies such as mergers and acquisitions, strategic partnerships, and new product launches to gain a competitive advantage.

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