GVR Report cover Plastic Films And Sheets Market Size, Share & Trends Report

Plastic Films And Sheets Market Size, Share & Trends Analysis Report By Product (PA, PVC, BOPP, LDPE/LLDPE, HDPE, CPP), By Application (Packaging, Non-packaging), By Region, And Segment Forecasts, 2022 - 2030

  • Report ID: GVR-2-68038-240-2
  • Number of Pages: 135
  • Format: Electronic (PDF)

Report Overview

The global plastic films and sheets market size was valued at USD 121.3 billion in 2021 and is expected to register a compound annual growth rate (CAGR) of 5.5% from 2022 to 2030. A major growth driver of the industry is the increasing demand for plastic films from the agricultural sector. Plastic sheets are mostly used in the agricultural sector in the construction of greenhouses, low tunnel covers, mulching, and walk-in tunnels. HDPE sheets have several applications in the agricultural sector. These films are equipped with multiple rows containing several holes, which assists in better growth and development of plants. They are lightweight, highly durable, weather-, corrosion-, & binding-resistant, and waterproof. Increasing demand for processed food is further propelling the demand for plastic films & sheets in packaging applications.

U.S. plastic films & sheets market size, by product, 2020 - 2030 (USD Billion)

Changing food habits, including the rising preference for processed food, are likely to supplement the demand for plastic films and sheets. Moreover, market players are also engaged in manufacturing various types of plastics as per the user requirements and perishability of food. Stringent regulations on the use of plastic films and sheets have been imposed in several countries. There are numerous governmental as well as non-governmental organizations in the U.K. and the U.S., which are engaged in supporting the ban on the use of plastic in packaging and non-packaging industries. In the U.S., several governmental, as well as non-governmental organizations, are also involved in discouraging the usage of plastic sheets and films in packaging organic produce.

Environmental agencies and various plastics associations are constantly engaged in developing and updating recycling norms, utilization quantity, application scope, and environmental policies regarding plastic films and sheets, to which the manufacturers are required to adhere. Moreover, numerous economies, including Bangladesh, Cambodia, Hong Kong, India, Indonesia, Malaysia, and Taiwan, have imposed additional taxes on the utilization of plastic films in packaging. The robust manufacturing base of global consumer goods manufacturers, such as Unilever, Johnson & Johnson, and Procter & Gamble, in the U.S. is expected to promote the demand for plastic packaging in the formulation of personal care products.

In addition, growth in the food & beverage industry in North America on account of the ‘on-the-go’ lifestyle of consumers is expected to boost the plastic packaging market over the coming years. There is a growing demand for plastic sheets and films in roof flooring, which helps in limiting leakage and preventing buildings from extreme high and low temperatures. It requires less quantity of paint and cement for beautification and gives a smooth texture to the ceiling. Increased use of plastic sheets and growth in spending & purchases have been observed in larger cities, such as New York, Seattle, Washington, and others.

Product Insights

Based on products, the industry has been further divided into LDPE/LLDPE, PVC, PA, BOPP, HDPE, CPP, and others. LDPE/LLDPE was the largest product segment in 2021 and accounted for the largest share of more than 40.00% of the global revenue. LDPE is the dominant product type among all other variants and is anticipated to continue its dominance over the forecast period. Properties of LDPE film include flexibility, higher tensile strength as well as higher puncture and impact resistance. Features of LDPE include a low barrier and high clarity, it is also among the least expensive among all packaging films, which acts as a major growth contributor to its demand in the global market.

Common applications of plastic films & sheets include textile packaging, food packaging, and other special applications in tents and outdoor equipment. HDPE was the second-largest product segment in 2021. Unique properties of HDPE sheet include chemical & corrosion resistance, abrasion resistance, low friction coefficient, good electrical properties, moisture & odor resistance, and high impact strength. HDPE is FDA approved and is widely utilized in the food packaging industry. Because of strong radiation protection, borated HD is used in nuclear facility applications. HDPE sheet can be extruded with a pebble finish. In various end-use industries, such as meat packaging and butchering, it is used as a cutting board.

Application Insights

Packaging was the largest application segment in 2021 and accounted for the highest share of more than 83.20% of the global revenue. Plastic films and sheets have increasing popularity in packaging applications in various industries. Demographic changes, active lifestyles, and rising sustainability trends are leading to the development & innovation of plastics, in turn, providing marketing opportunities in key sectors including food & beverages and consumer goods. A robust manufacturing base in the global industry along with the increasing demand in developing economies of Central & South America and the Asia Pacific is likely to boost the industry growth over the forecast period. The non-packaging segment also accounted for a significant revenue share in 2021.

Global plastic films & sheets market share, by application, 2021 (%)

Non-packaging applications of plastic films include construction, agriculture, healthcare, and others. Plastic films and sheets are widely used in the construction industry on account of their unique benefits, such as durability, non-corrosiveness, and cheaper costs. These are used in construction applications, which primarily include exterior and interior covering, weatherboarding, ceilings, counter ceilings, roof covering, and insulation. Plastic films are utilized in manufacturing cephalometric tracing pads, which are used globally for manually plotting cephalograms while protecting the underlying x-ray.

This film is also used by orthopedic surgeons and several other medical practitioners to safeguard the integrity of the x-ray images. Plastic films are also used to manufacture face shields and mouth guards. In addition, during MRI, all the equipment is covered with plastic film to avoid any attraction from the magnetic pull of the MRI machine. LLDPE films are widely used in agricultural applications, majorly in low-tunnel covers, greenhouse, mulching, and walk-in tunnel. The industry is witnessing promising growth in China coupled with newer product developments, which include NIR-blocking films, UV-blocking films, ultrathermic films, and fluorescent films.

Regional Insights

Asia Pacific was the largest regional market in 2021 and accounted for the highest share of more than 40.00% of the global revenue. The region is projected to expand further at the fastest CAGR retaining its leading position over the forecast period. This growth can be attributed to the rapidly expanding food and pharmaceutical industries in developing economies, such as India and China. China, India, and Southeast Asia are expected to be the primary growth markets in the APAC region. The growing manufacturing sector shall drive the product demand in the construction, packaging, and electrical & electronics industries. In the recent past, China and India have witnessed an increase in automotive production because of technology transfer to the sector from western markets.

Plastic Films And Sheets Market Trends by Region

China, Taiwan, and South Korea have a well-established electrical & electronics manufacturing base, which shall provide further impetus for the growth of the market. India, on the other hand, has a strong chemical industry, which strengthened its plastic production. Growing economies, rapid urbanization, burgeoning manufacturing ecosphere, and increasing infrastructural activities are supporting the growth of the regional market. Countries, such as India, China, Vietnam, Indonesia, and the Philippines, are witnessing rapid GDP growth and offer a lucrative opportunity for plastic marketers.

Europe was the second-largest region in 2021. Packaging was the largest application segment in Europe regional sector in 2021. The declining growth of the pharmaceutical industry in Germany, France, and Italy because of shifting manufacturing bases to areas with low manufacturing costs is expected to affect plastic sheets and films in packaging applications. However, increasing R&D expenditure on the pharmaceutical industry in Europe is expected to indirectly fuel product demand over the coming years. In addition, the growing personal care products industry in Germany, the U.K., France, and Italy is expected to have a positive impact over the forecast period.

Key Companies & Market Share Insights

Key players are investing in the development of newer technologies coupled with the acquisition of raw material manufacturers. Agreements and collaborations are also among the major strategies adopted by key players. Research and development activities along with the increasing product lines owing to the addition of new products are predicted to have a major impact on the overall competitive scenario over the forecast period. Some of the prominent companies in the global plastic films and sheets market are:

  • Toray Industries, Inc.

  • British Polythene Ltd.

  • Toyobo Co., Ltd.

  • Berry Global, Inc.

  • SABIC

  • Plastic Film Corporation of America

  • Sealed Air

  • Dow

  • DuPont de Nemours, Inc.

  • Novolex

  • Amcor plc

  • UFlex Ltd.

Plastic Films And Sheets Market Report Scope

Report Attribute

Details

Market size value in 2022

USD 127.74 billion

Revenue forecast in 2030

USD 196.23 billion

Growth rate

CAGR of 5.5% from 2022 to 2030

Base year for estimation

2021

Historical data

2019 - 2020

Forecast period

2022 - 2030

Quantitative units

Volume in kilotons, revenue in USD million/billion, and CAGR from 2022 to 2030

Report coverage

Volume forecast, revenue forecast, competitive landscape, growth factors, and trends

Segments covered

Product, application, and region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country Scope

U.S.; Canada; Mexico; Germany; U.K.; France; China; India; Japan; and Brazil

Key companies profiled

Toray Industries, Inc.; British Polythene Ltd.; Toyobo Co., Ltd.; Berry Global, Inc.; SABIC; Plastic Film Corporation of America; Sealed Air; Dow; DuPont de Nemours, Inc.; Novolex; Amcor plc, Uflex Ltd.

Customization scope

Free report customization (equivalent to up to 8 analyst working days) with purchase. Addition or alteration to country, regional & segment scope

Pricing and purchase options

Avail of customized purchase options to meet your exact research needs. Explore purchase options

 

Global Plastic Films And Sheets Market Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2019 to 2030. For this study, Grand View Research has segmented the global plastic films and sheets market report based on product, application, and region:

Global Plastic Films And Sheets Market Segmentation

  • Product Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

    • LDPE/LLDPE

    • PVC

    • PA

    • BOPP

    • HDPE

    • CPP

    • Others

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

    • Packaging

      • Food

      • Consumer goods

      • Medical

      • Others

    • Non-packaging

      • Construction

      • Healthcare

      • Agriculture

      • Others

  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa

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