Global Plastic Films and Sheets Market Set for Rapid Growth, To Reach Around USD 120.0 Billion by 2020
Deerfield Beach, FL -- (SBWIRE) -- 04/21/2017 -- According to the report, global demand for plastic films and sheets market was valued at USD 90 billion in 2014, and is expected to reach USD 120.0 billion in 2020, growing at a CAGR of around 5% between 2015 and 2020.The analysis provides significant information of the key players in global plastics films and sheets market include DuPont Teijin Films, Amcor Ltd., Jindal Poly Films, AEP Industries, Berry Plastic Corporation, British Polythene Industries Plc, Toyobo Co. Ltd., Toray Industries, Inc., Achilles Corporation, AEP Industries Inc, Bemis Company Inc, SABIC Innovative Plastics, Vibac Group, Taghleef and amongst others.
Zion Market Research has published a new report titled "Plastic Films & Sheets (LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA and EVOH) Market for Food Packaging, Pharmaceuticals, Personal Care Products, Agriculture, Consumer Goods, Construction And Medical Applications - Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 - 2020."
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Plastic film is a thin continuous polymeric material. Thicker plastic material is often called a "sheet". These thin plastic membranes are used to separate areas or volumes, to hold items, to act as barriers, or as printable surfaces. Plastic exhibits outstanding physical and chemical properties. Hence, plastic films and sheets are widely used in different industries such as food packaging, agriculture, pharmaceuticals, construction, consumer goods and personal care products. Polyethylene, polypropylene, polyester, nylon, polyvinyl chloride, etc. are major raw materials used in the manufacturing of plastic films and sheets.
The major driving factor for plastics films and sheets market is growing flexible packaging industry across the world. Another factor that drives the demand of plastic films and sheets is raising demand for bio-plastic materials. As plastics film and sheets offers recycling of plastic and act as a substitute to glass and metal material. It is considered as a major driving factor for the plastic films and sheets demand. However, availability and prices of the raw materials is expected to limit the growth of this industry.
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LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA and EVOH are the major product segments of plastic films and sheets market. LLDPE dominated the global plastic film and sheets market and accounted for largest share of the entire market in 2014. BOPET is one of the important product segments of plastic films and sheets market. It is widely used for food packaging applications due to high tensile strength and dimensional stability.
Food packaging applications segment was the largest segment of global plastic films and sheets industry and accounted for around 66% share of the entire market in 2014. It is expected to remain largest application market over the forecast period owing to high demand. Pharmaceutical and construction are another important outlets for global plastic films and sheets industry.
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Asia Pacific was dominating regional market for plastic industry owing to strong demand from China and India. It accounts for around 35% share of the overall market volume consumption in 2014 and further expected to remain major regional market for plastic films and sheets due to the emerging economies during the next five years. China accounted for around 20% share of global plastic films and sheets market in 2014. Asia Pacific was followed by North America. Europe is expected to witness decline in its share in global plastic films and sheets market owing to sluggish demand for food packaging.