Market Insights
“The Plastic Films & Sheets Market size was valued at US$ 141.2 Billion in 2023 and is likely to grow at an impressive CAGR of 5.8% in the long run to reach US$ 234.5 Billion in 2032.”
Market Dynamics
Introduction
Plastic films and sheets are thin, flexible-sheeting material substrates made from a wide variety of polymers, including PE, PP, and PET. Because they are lightweight, durable, and versatile, their uses range widely, from packaging through agricultural coverings and construction materials to protection. These are excellent barrier materials against moisture, gases, and contaminants, suitable for food preservation, product protection, and event sustainability initiatives by way of developing biodegradable and recyclable alternatives. Growing demand is due to diversified applications, technology advancements, and the global emphasis on cost-effective and green solutions.
Recent Market JVs and Acquisitions:
A handful of strategic alliances including M&As, JVs, etc. have been performed over the past few years:
- In 2021, UFlex Ltd., India’s largest flexible packaging company, entered into a joint venture with Plastic Suppliers Inc., a U.S.-based producer of bio-based films, to boost its presence in sustainable packaging.
Market Segments' Analysis
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Segmentations
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List of Sub-Segments
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Segments with High Growth Opportunity
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Type-Analysis
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LLDPE, LDPE, HDPE, BOPP, CPP, PVC, PES, and PA
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BOPP offers higher growth opportunities as it is widely used in food packaging, labels, and wraps due to its strength and excellent barrier properties.
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Application-Analysis
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Stretch Films, Shrink Films, Bags, Pouches, and Wraps
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Pouches are anticipated to grow at the highest rate as it is at the forefront of the flexible packaging trend and is consumer convenient.
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End-use industry
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Packaging and Non-packaging
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Packaging is likely to see higher growth because of the rising demand for flexible packaging and the expansion of E-commerce.
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Region Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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The Asia-Pacific region has been the fastest-growing market and is driven by rapid industrialization, increased packaging demand, and expanding construction.
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By Type
“BOPP offers higher growth opportunities as it is widely used in food packaging, labels, and wraps due to their strength and excellent barrier properties.”
- The market is segmented into LLDPE, LDPE, HDPE, BOPP, CPP, PVC, PES, and PA.
- BOPP is experiencing growth due to an ever-increasing preference for ease, ready availability of lighter weight, and disposability regarding packaging materials. The demand is mainly influenced by industries such as food and beverages, personal care, and pharmaceuticals.
- The films produced from BOPP have several worthwhile features such as excellent clarity, high tensile strength, resistance to moisture, and low water vapor and gas permeability, and are considered more ecologically friendly.
By Application
“Pouches are anticipated to grow at the highest rate as it is at the forefront of flexible packaging trend and is consumer convenient.”
- The market is segmented into stretch films, shrink films, bags, pouches, and wraps.
- The highest growth for pouches is expected to be seen because of its high flexibility and ease of use compared to rigid packaging.
- Booming industries, ranging from e-commerce and food delivery, are further accelerating demand for flexible packaging solutions in countries like China and India, where pouches are at the very front line given their cost-effectiveness and functionality.
Regional Analysis
“The Asia-Pacific region has been the fastest-growing market for plastic films and sheets and is driven by rapid industrialization, increased packaging demand, and expanding construction.”
- The Asia-Pacific region will experience significant growth in the plastic films and sheets market due to rapid industrialization and the rising demand for packaging across various sectors like food and beverage, healthcare, and consumer goods.
- Countries like China, India, and Southeast Asian nations are witnessing a surge in manufacturing activities, e-commerce, and urbanization, all contributing to the demand for flexible, durable, and lightweight packaging solutions.
Key Players
Key Players (Based on Dominance)
The market is highly fragmented with the presence of a large number of players across the region. Most of the major players compete in some of the governing factors including price, service offerings, regional presence, etc. Some of the major players are
Here is the list of the Top Players (Based on Dominance)
- Amcor Limited
- Berry Global Inc.
- Jindal Poly Films Ltd.
- Mitsubishi Chemical Corporation
- RKW Group
- Sabic
- Sealed Air Corporation
- Toray Industries Inc.
- Toyobo Co. Ltd.
- Uflex
Note: The above list does not necessarily include all the top players of the market.
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Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The global plastic films and sheets market is segmented into the following categories.
Plastic Films and Sheets Market, by Type
- LLDPE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- LDPE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- HDPE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- BOPP (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- CPP (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- PVC (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- PES (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- PA (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Plastic Film and Sheets Market, by Application
- Stretch Films (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Shrink Films (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Bags (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Pouches (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Wraps (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Plastic Film and Sheets Market, by End-Use Industry
- Packaging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Non-Packaging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Plastic Film and Sheets Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s Plastic Films & Sheets Market realities and future market possibilities for the forecast period.
- The report segments and analyses the market in the most detailed manner in order to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
- We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]
