Global Packaging Films Market, By Material Type (Polyethylene, Polypropylene, Polyester, Others), Application (Food and Beverage Packaging, Medical and Pharmaceutical Packaging, Consumer Products Packaging, Industrial Packaging, Other Applications), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Packaging Films Market
The packaging films market size is expected to grow at a compound annual growth rate of 5.25% for the forecast period of 2021 to 2028. Data Bridge Market Research report on packaging films market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Packaging films are the type of plastic films composed of different plastic materials such as polypropylene, polyethylene, polyester and polyamide and is used for packaging of products related to medical and pharmaceutical, food, personal care and others. These films have various features such as chemical resistant, lightweight, high transparency, high performance, and easy to open, store, carry and reseal.
The packaging films market is expected to rise in demand due to the high demand for packaging film in various applications such as cosmetics, food and personal care. The rapid urbanization coupled with rise in disposable income is also projected to flourish the growth of the packaging films in the forecast period of 2021 to 2028. The high demand for specialty films and high-barrier polymer films which possess water-resistant property as well as rise in the preferences of packaging film made up of bio-plastic materials due to increasing environmental concerns are also anticipated to boost the demand of the packaging films market owing to the above mentioned reasons and is also is projected to grow substantially during the forecast period. Furthermore, the rising environmental concerns driving bio-plastic materials and rapid shift demand towards flexible packaging films are also expected to push the growth of the packaging films market in the above mentioned forecast period.
The major factor which is expected to actively drive the demand of the packaging films market is the rapid innovations in food and beverages packaging and high demand of oriented films. Likewise, the high adoption of sustainable packaging solutions and untapped market in emerging economies as well as the high growth in the cosmetics packaging industry will further offer various growth opportunities for the growth of the packaging films market over the forecast period of 2021 to 2028.
However, the strict rules and regulations by government pertaining to environmental concern are expected to impede the growth of the packaging films market in the above mentioned forecast period, whereas the various regulations in the industry can challenge the growth of the packaging films market.
This packaging films market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the packaging films market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Packaging Films Market Scope and Market Size
The packaging films market is segmented on the basis of material type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of material type, the packaging films market is segmented into polyethylene, polypropylene, polyester and others. Polyethylene has further been segmented into low density polyethylene (LDPE), linear low density polyethylene (LLDPE) and high-density polyethylene (HDPE). Polypropylene has further been segmented into biaxially oriented polypropylene (BOPP) and cast polypropylene (CPP). Polyester has further been segmented as biaxially oriented polyethylene terephthalate (BOPET). Others have further been segmented into polyamide, polyvinyl chloride, polyvinylidene chloride, polyvinyl alcohol, ethylene-vinyl alcohol and cellulosic.
- The application segment for the packaging films market is segmented into food and beverage packaging, medical and pharmaceutical packaging, consumer products packaging, industrial packaging and other applications.
Packaging Films Market Country Level Analysis
The packaging films market is analyzed and market size, volume information is provided by country, material type and application as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the packaging films market because of the high demand for packaging film due to different properties such as sustainability, lightweight, safety and cost-effectiveness. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the large market share of packaging films of U.S. due to huge demand from various applications including industrial packaging.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Packaging Films Market Share Analysis
Packaging films market competitive landscape provides information by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points given are only related to the companies’ focus related to packaging films market.
The major players covered in the packaging films market report are Amcor plc, ProAmpac, Novolex, Berry Global Inc., Dupont Teijin Films, Graphic Packaging International, LLC, CCL Industries, Jindal Poly Films Limited, Innovia Films, RKW Group, Sealed Air, Sigma Plastics Group, TAGHLEEF INDUSTRIES GROUP, TOYOBO Co., Ltd., Treofan Group, UFlex Limited, DS Smith, Dow, 3M and Saint-Gobain Performance Plastics among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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