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Plastic Films & Sheets Market - Forecast(2023 - 2028)
Plastic Films & Sheets Market Overview
Plastic Films & Sheets Market size is forecast to reach $120.3 billion by 2026, after growing at a CAGR of 5.2% during 2021-2026. The plastic film has a thin polymeric material and thicker plastic materials include Polyvinyl chloride, Cast polypropylene, and Aliphatic Polyamides. Growing consumption of plastic films from the food and beverage, healthcare, and automotive industry and the rise in demand for eco-friendly and water-soluble films are driving the growth of plastic films and sheets market share during the forecast period. Middle East & Africa are also driving the market mainly due to huge investment in construction and infrastructure activities, especially in Saudi Arabia and UAE. Furthermore, favorable cost, high performance coupled with durability and versatility of films and sheet across the applications like synthetic paper, and heat sealer are also contributing to the growth of Plastic Films & Sheets Market share globally.
The emergence of COVID-19
The COVID-19 pandemic continues to unfold every day with severe impact on people, communities, and businesses. The Plastic Films & Sheets market faced a negative impact by the pandemic mainly due to decline in demand for films and sheet from various end-use industries like packaging, automotive, and aerospace sector. As these sectors were under complete lockdown and also facing slow growth due to reduction in demand, which in return affects the plastic film & sheet market. Furthermore, reduction in construction activities mainly due to lack of funds and reducing purchasing power of the consumer is also hindering the market growth
Report Coverage
The report: “Plastic Films & Sheets Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Plastic Films & Sheets Industry.
By Type: Polypropylene (Biaxial Oriented Polypropylene (BOPP), Casted Polypropylene (CPP), and Others), Polyethylene (Polyethylene Terephthalate (PET), Linear Low-Density Polyethylene (LLDPE), Ultra-High Molecular Weight Polyethylene (UHMW-PE), Polyethylene Naphthalate, and Others), Polyvinyl Chloride (PVC) (Chlorinated Polyvinyl Chloride CPVC and Others), Rubber, and Others
By Application: Food Packaging, Stretch Film, Shrink Film, Heavy Duty Bags, Film on Reel, and Others.
By End Use-Industry: Automotive (Interior, Exterior and Others), Aerospace & Aviation, Packaging, Food & Beverages, Building & Construction (Commercial, Residential, and Others), Healthcare, Printing, Agriculture, and Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia & New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa)
Key Take away
- Europe region is projected to witness significant growth in the global market due to the rising demand for specialty film and synthetic papers in the construction and packaging sector. In Europe, Germany is the key country driving market growth owing to the presence of various plastic converters.
- Rising consumer income coupled with growing demand for packaged food is also contributing to the market growth.
- The growing demand for medical packaging & consumer goods, further contribute to the market growth during the pandemic time.
Figure: APAC Plastic Films & Sheets Market Revenue, 2020-2026 (US$ Billion)
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Plastic Films & Sheets Market Segment Analysis - By Type
Polyethylene segment held the largest share of more than 40% in the global market in 2020. The PE-based films and sheets offer properties like high puncture resistance heat sealer, and high tensile strength, better production cost, and end product performance make them suitable to use across various applications. Moreover, these films and sheets are also very flexible, have low-temperature tolerance, bag tearing resistance, translucent, with good water vapor and alcohol barrier properties. Due to these properties, PE-based films and sheets are widely used in multi-layer cast stretch film, agricultural greenhouse film, medium to heavy-duty bags, and lamination packaging film. Whereas, the LLDPE sheet has good cold resistance, excellent weather ability, and high welding strength, which makes them widely used for construction activities.
Plastic Films & Sheets Market Segment Analysis - By Application
Food Packaging segment held the largest share of more than 35% in the Plastic Films & Sheets market in 2020. In food packaging, the Polyvinyl chloride, Cast polypropylene, and Aliphatic Polyamides based plastic films are used for wet food, soup, processed meat, and frozen food packaging. The heat resistance, heat sealer, standard types, low-temperature sealing, antistatic types, lightweight, and easy to print information properties of plastic films and sheets make them suitable to use for various food packaging applications. Whereas, rapid change in people's lifestyles and food preferences of consumers along with the growing population in the developing nations is driving the growth of food packaging. Packaging addresses food waste by preventing chemical contamination, foodborne diseases, and preserves the quality of food.
Plastic Films & Sheets Market Segment Analysis- By End-Use Industry
Food & Beverage segment held the largest share of more than 40% in the Plastic Films & Sheets market in 2020. The rise in demand for packaged foods & beverages in the emerging economies has a positive impact on the global food & beverage industry. Furthermore, a rise in population, increase in consumer income, and rapid urbanization is expected to drive the food & beverage industry over the forecast period. Such growth in the food & beverage industry has propelled the demand for plastic films for food packaging. As they protect the food from contamination and provide design flexibility. Furthermore growing consumption of synthetic paper from the food industry also drives the market.
Plastic Films & Sheets Market Segment Analysis - By Geography
Asia-Pacific held the largest share of more than 45% in the Plastic Films & Sheets market in 2020 followed by the North America and Europe region. China, Japan, South Korea, and India are the major contributors to the growth of the Plastic Films & Sheets market in APAC. The high population growth and improving standards of living have contributed to the demand in the region. Moreover, rise in purchasing power of consumers, increase in demand for consumer & medical goods, and high agricultural production has propelled the demand for Polyvinyl chloride, Cast polypropylene, Aliphatic Polyamides based plastic films & sheets in APAC. Furthermore, rapid urbanization, and increasing infrastructural activities & residential buildings are also fueling the growth of plastic films & sheets in Asia Pacific region. As per Indian Brand Equity Foundation (IBEF) report in 2020, the FMCG market is expected to grow 5-6% in 2020. Whereas, the online grocery market is estimated to exceed sales of about Rs 22,500 crore (around $ 3.19 billion) in 2020, which further drives the market in the region.
Plastic Films & Sheet Market - Drivers
Increased Demand for Bioplastic Materials in Films & Sheet
Bioplastic Films are known for being biodegradable and eco-friendly. Bioplastic is a biodegradable material that comes from renewable sources and can be used to reduce the problem of plastic waste that is dangerous to the planet and polluting the environment. These materials are 100% degradable, equally resistant, and adaptable. Bioplastic is already being used in agriculture, textile, food packaging, medicine, or pharmaceuticals packaging, and is becoming popular throughout Europe and the United States for ecological reasons. Bioplastic materials reduce the carbon footprint, consume less energy in production, they do not contain any harmful additives, such as phthalates or Bisphenol A, which makes them perfect to be used in film and sheet, and contribute towards the market growth. As per the European Bioplastic report released in the year 2020, the global production of bioplastics was about 2.11 million tons in 2019, with more than 53 % of the volume was consumed by the packaging market and it is expected to be 2.42 million tons by 2024.
Growing Pharmaceutical Industry is Driving the Market Growth
The growing pharmaceutical industry in the emerging nations due to increased demand for medication, a growing aging population, and an increase in chronic diseases further drives the market growth. As in Pharmaceutical Industry, plastic films and sheets are used for packaging of medication tubes, pre-fillable syringes, labels, accessories, inhalers, vials, pouches for drugs, medical products, and others. Whereas, the Polyvinyl Chloride (PVC) and Polyvinyl Dine Chloride (PVDC) are primary used for pharmaceutical packaging materials, which protect the pharmaceutical product against oxygen and odor, moisture, water vapor transmission, contamination, and bacteria. According to Packaging Europe, a private company report in 2019, the pharmaceutical packaging is expected to reach $128 billion by 2025, which will propel the demand for plastic films & sheets during the forecasted period.
Plastic Films & Sheets Market - Challenges
Volatile Price of Raw Material and Lack of Skilled Labor
Plastic Films & Sheets are made of various synthetic polymers like Polyvinyl chloride, Cast polypropylene, Aliphatic Polyamides, and polyethylene that are produced from various resources like crude oil and biomass sources. Thus, any fluctuation in the price of these raw materials deters the market growth. For instance, the fluctuation in prices of crude oil from 2015 to 2020, is considered as one of the challenging factors the market growth. Whereas, the presence of skilled laborers is also hindering the growth of the market. Advancement in technology has risen the demand for skilled labor. Skilled labor along with the volatile price of raw material is hindering the growth of the market. Besides, the growing environmental safety and public awareness regarding the harmful effect of plastic products on the health as well as environment further acts as a restraining factor to the market growth.
Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Plastic Films & Sheet Market report. Major players in the Plastic Films & Sheets Market are Saudi Basic Industries Corp., Plastic Film Corp., Sealed Air Corp., DowDuPont, Novolex, Bemis Co., Inc, Amcor PLC., British Polythene Industries Plc, Toyobo Co. Ltd., and Berry Global, Inc., among others.
Acquisitions/Technology Launches
- In June 2019, Amcor announced the successful completion of its acquisition of Bemis Co. Inc. The acquisition enabled Amcor to increase its capabilities and global footprint in the packaging market.
- In May 2019, Sealed Air Corp has signed an agreement to acquire Automated Packaging Systems (APS) the US-based manufacturer of automated bagging systems, for $510 million. With This acquisition Sealed Air expand and enhance its packaging offerings, which further drives the market.
Relevant Reports
Report Code: CMR 54860
Report Code: CMR 1352
For more Chemicals and Materials related reports, please click here
1. Plastic Films & Sheets Market- Market Overview
1.1Definition and Scope
2. Plastic Films & Sheets Market- Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Type
2.3 Key Trends by Application
2.4 Key Trends by End-Use Industry
2.5 Key Trends by Geography
3. Plastic Films & Sheets Market- Comparative analysis
3.1 Market Share Analysis- Major Companies
3.2 Company Benchmarking- Major Companies
3.3 Major 5 Financials Analysis
3.4 Patent Analysis- Major Companies
3.5 Pricing Analysis (ASP’s Will Be Provided)
4. Plastic Films & Sheets Market - Startup companies Scenario Premium Premium
4.1 Major startup company Analysis
4.1.1 Investment
4.1.2 Revenue
4.1.3 Product Portfolio
4.1.4 Venture Capital and Funding Scenario
5. Plastic Films & Sheets Market– Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Major companies
6. Plastic Films & Sheets Market- Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Competitive Rivalry
6.3.5Threat of substitutes
7. Plastic Films & Sheets Market -Strategic analysis
7.1 Value/Supply chain analysis
7.2 Opportunities analysis
7.3 Market life cycle
7.4 Distributors Analysis – Major Companies
8. Plastic Films & Sheets Market– By Type (Market Size -US$ Million/Billion)
8.1 Polypropylene
8.1.1 Biaxial Oriented Polypropylene (BOPP)
8.1.2 Casted Polypropylene (CPP)
8.1.3 Others
8.2 Polyethylene
8.2.1 Polyethylene Terephthalate (PET)
8.2.2 Linear Low-Density Polyethylene (LLDPE)
8.2.3 Ultra-High Molecular Weight Polyethylene (UHMW-PE)
8.2.4 Polyethylene Naphthalate
8.2.5 Others
8.3 Polyvinyl Chloride (PVC)
8.3.1 Chlorinated Polyvinyl Chloride CPVC
8.3.2 Others
8.4 Rubber
8.5Others
9.Plastic Films & Sheets Market– By Application (Market Size -US$ Million/Billion)
9.1 Food Packaging
9.2 Stretch Films
9.3 Shrink Films
9.4 Heavy Duty Bags
9.5 Film on Reel
9.6 Others
10. Plastic Films & Sheets Market - By End User (Market Size -US$ Million/Billion)
10.1 Automotive
10.1.1 Interior
10.1.2 Exterior
10.1.3 Others
10.2 Aerospace & Aviation
10.3 Packaging
10.4 Food and Beverage
10.5 Building & Construction
10.5.1 Commercial
10.5.2 Residential
10.5.3 Others
10.6 HealthCare
10.7 Printing
10.8 Agriculture
10.9 Others
11. Plastic Films & Sheets Market - By Geography (Market Size -US$ Million/Billion)
11.1 North America
11.1.1 USA
11.1.2 Canada
11.1.3 Mexico
11.2 South America
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Colombia
11.2.4 Chile
11.2.5 Rest of South America
11.3 Europe
11.3.1UK
11.3.2 Germany
11.3.3 Italy
11.3.4 France
11.3.5 Russia
11.3.6 Spain
11.3.7 Netherlands
11.3.8 Belgium
11.3.9 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 India
11.4.3 Japan
11.4.4 South Korea
11.4.5 Australia & New Zealand
11.4.6 Indonesia
11.4.7 Taiwan
11.4.8 Malaysia
11.4.9 Rest of Asia Pacific
11.5 RoW
11.5.1 Middle East
11.5.1.1 Saudi Arabia
11.5.1.2 UAE
11.5.1.3 Israel
11.5.1.4 Rest of Middle East
11.5.2 Africa
11.5.2.1 South Africa
11.5.2.2 Nigeria
11.5.2.3 Rest of Africa
12. Plastic Films & Sheets Market- Entropy
12.1 New Product Launches
12.2 M&A’s, Collaborations, JVs and Partnerships
13. Plastic Films & Sheets Market – Market Share Analysis Premium
13.1 Market Share at Global Level - Major companies
13.2 Market Share by Key Region - Major companies
13.3 Market Share by Key Country - Major companies
13.4 Market Share by Key Application - Major companies
13.5 Market Share by Key Product Type/Product category - Major companies
14. Plastic Films & Sheets Market- Key Companies by Country Premium
15. Plastic Films & Sheets Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
15.1 Company 1
15.2 Company 2
15.3 Company 3
15.4 Company 4
15.5 Company 5
15.6 Company 6
15.7 Company 7
15.8 Company 8
15.9 Company 9
15.10Company 10 and more
"*Financials would be provided on a best-efforts basis for private companies"
LIST OF TABLES
1.Global Plastic Films Market & Plastic Sheets Market By Type Market 2019-2024 ($M)1.1 Market Size & Projection Market 2019-2024 ($M) - Global Industry Research
1.1.1 Agriculture Industry to Drive the Consumption of LLDPE Market 2019-2024 ($M)
1.2 HDPE Market 2019-2024 ($M) - Global Industry Research
2.Global Plastic Films Market & Plastic Sheets Market By Type Market 2019-2024 (Volume/Units)
2.1 Market Size & Projection Market 2019-2024 (Volume/Units) - Global Industry Research
2.1.1 Agriculture Industry to Drive the Consumption of LLDPE Market 2019-2024 (Volume/Units)
2.2 HDPE Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Plastic Films Market & Plastic Sheets Market By Type Market 2019-2024 ($M)
3.1 Market Size & Projection Market 2019-2024 ($M) - Regional Industry Research
3.1.1 Agriculture Industry to Drive the Consumption of LLDPE Market 2019-2024 ($M)
3.2 HDPE Market 2019-2024 ($M) - Regional Industry Research
4.South America Plastic Films Market & Plastic Sheets Market By Type Market 2019-2024 ($M)
4.1 Market Size & Projection Market 2019-2024 ($M) - Regional Industry Research
4.1.1 Agriculture Industry to Drive the Consumption of LLDPE Market 2019-2024 ($M)
4.2 HDPE Market 2019-2024 ($M) - Regional Industry Research
5.Europe Plastic Films Market & Plastic Sheets Market By Type Market 2019-2024 ($M)
5.1 Market Size & Projection Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Agriculture Industry to Drive the Consumption of LLDPE Market 2019-2024 ($M)
5.2 HDPE Market 2019-2024 ($M) - Regional Industry Research
6.APAC Plastic Films Market & Plastic Sheets Market By Type Market 2019-2024 ($M)
6.1 Market Size & Projection Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Agriculture Industry to Drive the Consumption of LLDPE Market 2019-2024 ($M)
6.2 HDPE Market 2019-2024 ($M) - Regional Industry Research
7.MENA Plastic Films Market & Plastic Sheets Market By Type Market 2019-2024 ($M)
7.1 Market Size & Projection Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Agriculture Industry to Drive the Consumption of LLDPE Market 2019-2024 ($M)
7.2 HDPE Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Plastic Films & Sheets Market Revenue, 2019-2024 ($M)2.Canada Plastic Films & Sheets Market Revenue, 2019-2024 ($M)
3.Mexico Plastic Films & Sheets Market Revenue, 2019-2024 ($M)
4.Brazil Plastic Films & Sheets Market Revenue, 2019-2024 ($M)
5.Argentina Plastic Films & Sheets Market Revenue, 2019-2024 ($M)
6.Peru Plastic Films & Sheets Market Revenue, 2019-2024 ($M)
7.Colombia Plastic Films & Sheets Market Revenue, 2019-2024 ($M)
8.Chile Plastic Films & Sheets Market Revenue, 2019-2024 ($M)
9.Rest of South America Plastic Films & Sheets Market Revenue, 2019-2024 ($M)
10.UK Plastic Films & Sheets Market Revenue, 2019-2024 ($M)
11.Germany Plastic Films & Sheets Market Revenue, 2019-2024 ($M)
12.France Plastic Films & Sheets Market Revenue, 2019-2024 ($M)
13.Italy Plastic Films & Sheets Market Revenue, 2019-2024 ($M)
14.Spain Plastic Films & Sheets Market Revenue, 2019-2024 ($M)
15.Rest of Europe Plastic Films & Sheets Market Revenue, 2019-2024 ($M)
16.China Plastic Films & Sheets Market Revenue, 2019-2024 ($M)
17.India Plastic Films & Sheets Market Revenue, 2019-2024 ($M)
18.Japan Plastic Films & Sheets Market Revenue, 2019-2024 ($M)
19.South Korea Plastic Films & Sheets Market Revenue, 2019-2024 ($M)
20.South Africa Plastic Films & Sheets Market Revenue, 2019-2024 ($M)
21.North America Plastic Films & Sheets By Application
22.South America Plastic Films & Sheets By Application
23.Europe Plastic Films & Sheets By Application
24.APAC Plastic Films & Sheets By Application
25.MENA Plastic Films & Sheets By Application
26.Amcor Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Jindal Poly Films Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Sealed Air Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.AEP Industries Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.RKW SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Saudi Basic Industries Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Uflex Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)