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, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020

Deerfield Beach, FL -- (SBWire) -- 11/11/2016 --Zion 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." 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.

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Plastic film is a continuous polymeric material. The plastics films and sheets are mainly produced by polyethylene raw material. Plastic films and sheets can be made up of polyethylene, polypropylene, polyester, nylon, polyvinyl chloride as well as bio-plastics. Extrusion process is used to produce plastic films and sheets. Plastic films and sheets exhibit unique properties of high tensile strength, excellent compatibility and biodegradability. Due to their excellent characteristics, plastic films and sheets are mainly employed in large number of applications across wide ranging industries such as food packaging, pharmaceuticals, agriculture, consumer goods, construction and medical.

Rapidly expanding global food packaging market is a major growth driving factor for plastic films and sheets market. Food packaging, pharmaceuticals and consumer goods has been remained major application markets for plastic films and sheets. Strong growth of food packaging, pharmaceutical and consumer goods industry across the world has been resulted into rapid growth of plastic films and sheets. However, various concerns involve in procuring raw materials and high prices of raw materials can offer a major setback to the global plastic films and sheets market.

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LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA and EVOH are key products segments of plastic films and sheets market. LLDPE was one of the important product segments, which accounted for largest market share in 2014. BOPET is another important product segment, which is expected to witness rapid growth owing to strong demand from food packaging industry.

Packaging (Including food packaging, pharmaceuticals and personal care products) & non-packaging (Including agriculture, consumer goods, construction and medical) are the two major applications for plastic films and sheets market. Food packaging was the largest application segment for plastic films and sheets market in 2014. It accounted for over 66% share of the entire volume consumption in 2014. Pharmaceuticals and construction segments are expected to exhibit strong growth in the years to come.

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With over 35% shares in total volume consumption, plastic films and sheets market was dominated by Asia Pacific in 2014. This region is expected to be the fastest-growing market in near future owing to strong demand from emerging economies such as China and India. China was the largest consumer of plastic films and sheets market with over 20% share in total volume consumption in 2014. North America was the second largest market for plastic films and sheets in 2014. However, plastic films and sheets market in Europe is likely to witness sluggish growth during the forecast period.

Some of the major industry participants in global plastic 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.

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