According to the latest report by IMARC Group “Plastic Films Market: Global Industry Size, Share, Trends, Growth Rate, Research Report, Opportunity and Forecast 2023-2028“. The global plastic films market size reached US$ 151.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 207.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.20% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Plastic film is a thin, continuous plastic material that can be rolled onto a core or cut into sheets. It is formulated with anti-blocking agents, such as kaolin and amorphous silicate, to minimize the sticking of film layers during unwinding. It has various aesthetic finishes, including glossy, matte, opaque, transparent, and pearlescent. It is ideal for manufacturing plastic film capacitors with metalized electrodes in direct current (DC) applications due to its high electrical properties, the low tendency for self-healing during service, and improved insulation resistance. As a result, plastic film finds extensive applications in the healthcare, construction, packaging, electronics, and agriculture industries across the globe.
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Plastic Films Market Trends:
The global plastic films market is primarily driven by the rising use of plastic films in the agriculture industry to construct greenhouses, low tunnel covers, mulching, and walk-in tunnels. Moreover, the surging adoption of high-density polyethylene (HDPE) sheets due to their durability, weather resistance, corrosion and binding resistance, and waterproofing benefits is positively influencing the market growth. Additionally, escalating demand for processed food due to changing food habits of people has catalyzed market growth. Furthermore, the rising use of plastic films in roof flooring, as it helps prevent leakage and protect buildings from extreme temperatures, is contributing to the market growth. Other factors, including the rising use of plastic films in the construction industry, widespread adoption of plastic films in nuclear facilities to enhance radiation protection, and rapid expansion in the packaging industry, are also anticipated to drive the market further.
Report Segmentation:
The report has segmented the market into the following categories:
Product Type Insights:
- Polyethylene Terephthalate (PET)
- Polyvinyl Chloride (PVC)
- Polypropylene (PP)
- Polyethylene (PE)
- Others
Application Insights:
Packaging
- Food Containers
- Blister Packs
- Electric Electronic Purposes
- Others
Decoration
- Solid Color
- Others
Industrial
- Construction Materials
- Safety Materials
- Advertisement Lighting
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape:
- Amcor plc
- Berry Global Inc.
- Cosmo Films Limited
- Dow Inc.
- DuPont de Nemours Inc.
- Exxon Mobil Corporation
- Inteplast Group Corporation
- Jindal Poly Films
- Mitsubishi Chemical Holdings Corporation
- Polyplex Corporation Limited
- RKW Group
- Saudi Basic Industries Corporation (Saudi Arabian Oil Co.)
- Toray Industries Inc.
- UFlex Limited
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