Plastic Films Market Dynamic Outlook and Influencing Key Growth

Posted by peeterdbmr on May 27th, 2021

Global plastic films market is expected to rise to an estimated value of USD 184,222.24 million by 2026, registering a substantial CAGR in the forecast period of 2020-2026. Plastic films is a type of thin form of plastic that are made up of a variety of materials combined together to form a solid sheet. These films comprise of different resins with each component offering their unique characteristics. These films have the characteristic/capability of being printed on, and also available in different colours. They are also combined with different materials to form more than one layering providing better durability and strength.

Segmentation: Global Plastic Films Market

•          By Technology (Nanocomposites, Water-Soluble Films, Biodegradable Films, Barrier Polymer Films)
•          By Polymer Type (Polyethylene Films, Polypropylene Films, Polyvinyl Chloride Films, Polyester/Polyethylene Terephthalate, Barrier Polymers, Biodegradable Polymers)
•          By Application (Decorative, Packaging, Industrial, Agricultural, Medical & Health Care)
•          By End-Use Industry (Packaging, Consumer Goods, Construction, Pharmaceutical, Electrical, Others)
•          By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)

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Key Market Competitors: Global Plastic Films Market

Few of the major competitors currently working in the global plastic films market are Mitsubishi Chemical Corporation; Dupont Teijin Films U.S. Limited Partnership; Dow; Berry Global; FSPG; Jindal Poly Films Ltd.; RPC bpi group; Garware Polyester Ltd.; Innovia Films; Klöckner Pentaplast; RKW Group; Toray Plastics (America), Inc.; Uflex Limited; SINOPEC SHANGHAI PETROCHEMICAL COMPANY LIMITED; Treofan Group; Vibac S.p.A.; POLYPLEX; Inteplast Group and Exxon Mobil Corporation among others.

Competitive Analysis: Global Plastic Films Market

Global plastic films market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of plastic films market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Drivers:

•          High growth for bio-plastics products from food packaging applications is expected to augment growth of the market
•          Light-weight & sustainable nature of these products is expected to augment growth of the market
•          Growth in demand for decorative laminate products & solutions is also expected to augment growth of the market

Market Restraints:

•          Growing concerns regarding the increasing cost of raw materials; this factor is expected to restrict the growth of the market
•          Presence of strict regulations regarding plastics and their usage presented by the governments is also expected to restrict the growth of the market