Packaging Films Market Size, Share & Trends Report

Packaging Films Market Size, Share & Trends Analysis Report By Packaging Materials, By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

  • Published Date: ---
  • Base Year for Estimate: ---
  • Report ID: GVR1859
  • Format: Electronic (PDF)
  • Historical Data: ---
  • Number of Pages: 0

The global packaging films market is expected to witness significant growth on account of rising application in pharmaceutical, food & beverage and other diverse industries. Rising population and increasing disposable income of middle class consumers is expected to drive packaged food and personal care products (packing of shampoo, soap and other cosmetic products) industry. Growing demand in these industries is expected to lead to subsequent increase in packaged goods and packaging films over the forecast period. Developing economies are exploring the diverse advantages of packaged products in several industrial sectors, which are expected to augment packaging films demand. Plastics possess non-corrosive, light and relatively cheap characteristics that are expected to enhance global market growth.

Polyethylene and polypropylene are generally preferred as basic packaging materials in most applications. However, specialty films and high-barrier polymers that are water-resistant are increasingly gaining relevance in various industrial applications. Greater importance regarding safety and protection of packaged contents has also contributed to the development of the market. Plastic barrier technologies help preserve and protect contents as well as optimize shelf life of perishable goods reducing the need for preservatives. Packaging films also provide transparency and gloss to the products, serving as a base for labeling and printing on the product. Such factors are expected to complement global packaging films market growth. Packaging films also hinder microbial growth and slowdown deterioration process of perishable goods, further contributing to market growth.

Packaging films can be categorized on the basis of packaging materials into polyethylene (LDPE, LLDPE, & HDPE), polypropylene (BOPP & CPP) and polyester (BOPET) among others (polyamide, EVOH, PVC, PVDC, PVOH & cellulosic). Current market leader is polyethylene; however, polypropylene films market demand is increasing at a faster rate. BOPP is a majorly preferred raw material for flexible packaging films market in various industries. Biodegradable packaging films are expected to register highest growth over the forecast period on account of rising environmental concerns and federal regulations on non-biodegradable packaging. Packaging films are also classified on the basis of application into industrial goods, consumer products packaging, medical & pharmaceutical, food & beverage, and automotive parts. Currently, food & beverage industry has highest application share for packaging films market in terms of processed food. Highest growth is expected in the medical and pharmaceutical industries over the forecast period.

Certain restrictions such as recycling issues, high costs and susceptibility to degradation over time are expected to hamper the development of global packaging films market. Various environmental groups have also pressurized the industry and created obstacles on account of concerns regarding increased food packaging and subsequent recyclability issues. Competition from other packaging materials is also expected to pose a challenge to the plastic packaging films market.

Geographically, highest market growth has been observed in Asia Pacific markets such as India, Australia and China on account of rising middleclass disposable income as well as demand for packaged food and improving healthcare infrastructure. Mature markets such as North America and Europe offer growth potential in specialty films segment, mainly in U.S, Canada and UK respectively. Markets in Central & Latin America such as Brazil and Mexico also offer untapped potential for packaging film market growth.

Major packaging films market players are actively participating in expansion and consolidation activities as strategies to increase their global market reach. M&A and capacity expansions are generic strategies employed by these companies to strengthen their market position. Key market participants in global packaging film market include Sealed Air Corporation, Amcor, Jindal Poly Films, AEP Industries, Bemis Company, DuPont Teijin Films, AEP Industries, ALPLA-Werke, Ampac, APPE, Berry Plastics, Britton Group, Charter Nex Films, Daibochi Plastics, D.S. Smith, Exopack, Reynolds Group, Wipak and Uflex.

Pricing & Purchase Options

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert.

  • Custom research service

    Custom research service

    Design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • grand view research PCI DSS complaint grand view research paypal verified